Recent content by AncientMariner

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    Closing a LTD company with assets

    Ok that's great. Will make my accounts a lot simpler too. Much obliged.
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    Closing a LTD company with assets

    Hi taxonomy, Thanks for the reply. So to be clear, would it be fine for me to submit final accounts/CT600 leaving the £2.5k on the balance sheet and then send off the DS01 or would it be safer to put it through as a dividend to clear the balance sheet completely? My only concern is that if I...
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    Closing a LTD company with assets

    Hello again, I'm currently preparing final accounts before closing the company. I am trying to figure out how to take £2.5 retained profit/cash in bank and get this out of the company as share payment to directors as this will then be a capital gains payment rather than dividend. How can this...
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    Closing a LTD company with assets

    Update... I see that as long as the amount paid out to shareholders is under £25k, there is no need to report to HMRC and we can just go ahead. So the order should be something like this: Cease trading Do final tax return, including showing the money paid out to shareholders to clear...
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    Closing a LTD company with assets

    Hi, thanks for the info. I'm still learning this stuff so please bear with me! You can simply return the remaining funds/assets to the shareholders.. There are only 2 shareholders..is this just a case of stating that a capital transaction of £2k amount was paid to the shareholders? So...
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    Closing a LTD company with assets

    Hi, I'm sorry if this has been raised before but I can't find a specific answer which relates to my query. We've had a LTD co running for about 5 years, making a small profit. There is about £2k in profit sitting in the company after all corporation tax was paid and all accounts are up to...
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