AA02 Form Companies House

Discussion in 'Accounts & Finance' started by ready2mix, May 3, 2011.

  1. ready2mix

    ready2mix UKBF Newcomer Free Member

    Posts: 325 Likes: 18
    A dormant company still has to file accounts for year end, so zero trading zero expense a big fat zero.

    Not sure why they need the form. Frankly not sure how to complete it, if there is no accounts then what is the point apart from not getting a fine.

    Talk about bureaucratic night mares, they must fill in a form at companies house for cubic feet of breathable air during the course of there day...!

    I wished i invented forms and charged a royalty for the use.
    Last edited: May 3, 2011
    Posted: May 3, 2011 By: ready2mix Member since: Dec 26, 2008
    #1
  2. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

    Posts: 9,757 Likes: 1,908
    This might help - http://www.companieshouse.gov.uk/about/gbhtml/gp2.shtml#ch8

    Do be careful that you dont get caught with a penalty for late accounts - the penalties are the same for a dormant and trading company.
    Posted: May 3, 2011 By: MyAccountantOnline Member since: Sep 24, 2008
    #2
  3. DeanCo

    DeanCo UKBF Newcomer Free Member

    Posts: 460 Likes: 104
    You are quite right, what is the point in filing accounts for a company that has no significant acounting transactions. But, unfortunately, the directors are reponsible for filing a set of financial accounts or companies house can strike of the company. Failure to submit account can means penalties and petential criminal proceedings.

    Also, do not forget form 363 (annual return).
    Posted: May 3, 2011 By: DeanCo Member since: Feb 19, 2011
    #3
  4. DFL Accountants Ltd

    DFL Accountants Ltd UKBF Newcomer Free Member

    Posts: 61 Likes: 4
    Hi

    The form is not really complicated - and can be filed quickly online (assuming you have your webfiling code) - should take you 1/2 hour at most.

    I always assumed the reason for completing the dormant co accounts is so Cos House (and HMRC) know that the company still exists but is not trading - therefore Cos House keep the name protected, and HMRC do not chase for tax.
    - Also, then if you ever do decide to trade through the company it is a simple process-no delays and costs in setting up the company.

    As others have said, make sure the accounts are always filed within deadlines as the penalties are now rather severe.

    If in doubt ask an accountant to complete and file the form online for you - they should not charge much for such a service.

    Kind regards
    Posted: May 3, 2011 By: DFL Accountants Ltd Member since: Apr 9, 2010
    #4