Recent content by Surrey_bloke

  1. S

    Limited company no BBL, spongebob

    The Market is quiet and can't be sure if I'll got for employment or contract. If I get a contract then I would endeavour to keep the company alive and take little in the way of renumeration in order to rebuild things. I guess im just planning for the worst case scenario.
  2. S

    Limited company no BBL, spongebob

    Read my first post it explain it all.
  3. S

    Limited company no BBL, spongebob

    Ok, If I dissolve and it goes through then put the directors loan amount as a dividend on my SA and pay the tax owed I should be ok then. I think this is the route I will go through, it would just be adding to the existing dividends I would be declaring so will result in a higher amount of tax...
  4. S

    Limited company no BBL, spongebob

    Wow didn't know this, it begs the questions whats the point of dissolution if HMRC can willy undo that at a whim. In effect no company can be dissolved, what if it's 10 years down the line and you no longer have any the details of accounts of the company around and they reinstate?
  5. S

    Limited company no BBL, spongebob

    Yes good point, I had obviously been reading out of date posts on here from SpongeBob et al. Will try and scrape together the money and put it back in the company to pay the CT and DL then try and dissolve the company.
  6. S

    Limited company no BBL, spongebob

    Thanks Chris, I understand, it's more of a take your chances type process, even if the company is dissolved then I have to spend the my life worrying about HMRC reinstating 10 years down the line, would prefer to sort it now. I assume if I pay back the DL and pay all taxes, returns are up to...
  7. S

    Limited company no BBL, spongebob

    I will have to ask family and borrow money and try and pay back into the company as it seems SpongeBob method is no longer viable as it once was based on the comments here, thanks for all great advice. I would rather do this than have sleepless nights about the company being reinstated in 3...
  8. S

    Limited company no BBL, spongebob

    In your experience how many of the hundreds of thousands of dissolved companies are reinstated by HMRC, assuming no BBL, per year? Please be honest. I see directors on companies house with 10-20 companies dissolved. The reason I ask is what I have read about the voluntary dissolution process...
  9. S

    Limited company no BBL, spongebob

    So if I send the copy to HMRC and the company is struck off regardless and dissolved then I've followed the legal procedure and as the company is dissolved the companies debts die. Yes it could be reinstated but why would a creditor do that, it would cost them thousands just to find out there is...
  10. S

    Limited company no BBL, spongebob

    Part of the SpongeBob method is to send copies to creditors so I don't see how this would apply?
  11. S

    Limited company no BBL, spongebob

    I pay salary and dividends I took some out thinking I would repay it back when I got more work. So I have paid PAYE and dividend tax will be covered by my self assessment. Nothing dodgy just bad luck!
  12. S

    Limited company no BBL, spongebob

    Ah I see, if HMRC objects to the dissolution can I then go down the IP route? Otherwise surely it's cheaper to let the company be dissolved without insolvency process? Given the lack of funds I think SpongeBob is the best route.
  13. S

    Limited company no BBL, spongebob

    It costs £50 to create a new company on companies house, how much would an IP cost?
  14. S

    Limited company no BBL, spongebob

    It's a valid way of solving this issue, and it's legal. However I see you point it's open to abuse, someone could easily just create a company and dissolve it every 2 years without submitting any returns. It's a flaw in the system which needs to be fixed by legislation.
  15. S

    Limited company no BBL, spongebob

    Thanks Chris, you have been very helpful. I'll endeavour to be careful if I open another Limited company.
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