Dormant Ltd Co.

[forthright]

Hi,
I am self employed, and trade as a sole trader.
I also have a dormant Ltd company.

Companies house have told me that as soon as I start trading the Ltd company stops being dormant, I do not need to inform them as soon as I start trading Ltd.

I have issued invoices as a Ltd Co. as I need the Ltd status for certain parts of my job where I install things I make - and wish to limit my liability in case in the unlikely event something I install hurts someone and there is a claim against me (I already have Public Liability insurance for th Ltd Co.).

I have so far issued invoices for the install under the Ltd co. and the goods I supply as a Sole Trader.
I guess at my Year End when I need to submit accounts for the Ltd Co. is when I need to account for all the sales under Ltd.

Can I trade as a Sole Trader and Ltd at the same time like this.

I also do my own Tax Return as Self Employed, do I need to use an Accountant to prepare figures for Company House, and how do profits and tax (I assume it would be corporation tax) work with my tax return. I have run Sage Financial controller to manage my financial affirs, and used it to prepare P&L & BS's - I have also read a book on accounting, so know a little. Could I manage all this myself without an accountant.

Thanks

[Scalloway]

You don't have to use an accountant to do your ltd co's accounts but due to the additional complexities of company acounting and tax you would be well advised to. Just look a threads with CT600 in the title on this forum to see the problems DIY Ltd co accounts can bring.