Advice re. closing a v. small company

[ChugChug]

My wife and I are (the only) directors of a company with which we have done very little during the past couple of years owing to health problems. The company is now technically insolvent but it's only debt is the directors loan account. There is cash in the bank and no other liabilities, but not enough to simply clear the directors loan (by about £2700). There are no assets worth considering other than the cash at the bank.

We recently started an entirely different business as a partnership. The older company makes some small regular online sales which would help cover the overheads of the new partnership whilst we are growing so we would like to shift that income to our partnership, and close the company.

Practically, from a sales and billing point of view there is no problem, but I need to discover how best to proceed in order not spoil the new partnerships balance sheet, whilst winding up the company and shifting the ongoing sales over.

It's probably simple but I just can't get my head round the accounting and procedures required.

Oh, and my regular accountant seems to be unreachable at the moment, hence my enquiries here!

Any advice would be appreciated, thanks.

[MyAccountantOnline]

Your accountant really should be able to sort this out for you. Hopefully by getting the company struck-off but you do need him/her to deal with it to ensure its done properly.

[ChugChug]

Thanks Nicola J

No doubt, my accountant will sort this for me, but as I said I can't get hold of him at the moment - probably on a long holiday, and in the meantime, I would just like to understand what needs to be done, to " get rid of " the directors loan, and transfer the ongoing business to the partnership.