Account Submission

[K20Evo]

I have a Ltd Company, i'm the only director and its a simple expense/revenue business - no share holders, debt, investors etc


I just want to make sure i'm doing this correctly. I've logged onto ewf(dot)companieshouse and "Filed Company Accounts". I did the confirmation statement and PSC earlier this year

Is there anything else I need to do on a yearly basis, anywhere else I need to submit forms or is this the only place?

Getting a bit confused and mixed up about Companies House, HMRC etc

 

[Daybooks]

Yes, apart from filing your accounts with Companies House you also need to complete a corporation tax return and submit to HMRC and pay any taxes due. You may also need to consider whether to register as an employer for PAYE.

You can of course do this all yourself but I would advise engaging an accountant who will assist you in all your compliance issues beyond those I have mentioned as well as advise on making sure you pay the right amount of taxes.

By way of example, notwithstanding that all companies with a share capital must have at least one shareholder, if you are not a shareholder then you cannot receive a dividend from this Company.

 

[Newchodge]

Can you have a Ltd company without ANY shareholders?

 

[K20Evo]

Yes, apart from filing your accounts with Companies House you also need to complete a corporation tax return and submit to HMRC and pay any taxes due. You may also need to consider whether to register as an employer for PAYE.

You can of course do this all yourself but I would advise engaging an accountant who will assist you in all your compliance issues beyond those I have mentioned as well as advise on making sure you pay the right amount of taxes.

By way of example, notwithstanding that all companies with a share capital must have at least one shareholder, if you are not a shareholder then you cannot receive a dividend from this Company.

So as the director, I am also the sole shareholder. £1, 1 share.
My accounts I need to submit are only up to January 31st 2017 - there was no revenue, profit or expenses up to 31st January.

I plan on getting an accountant for my accounts in Jan 2018, but since I am at £0 across the board up to 31st Jan 2017, I am looking to do this myself.

Do I still need to submit a tax return to HMRC if I have nothing to pay?

Can you have a Ltd company without ANY shareholders?

As above, I am the sole shareholder

 

[Scalloway]

You may be able to persuade HMRC that your compnay has no need to submit a tax retur as it has not been trading.

https://www.gov.uk/guidance/corporation-tax-trading-and-non-trading

 

[Daybooks]

This is another reason why the best advice is to get yourself an accountant.

You have now introduced the possibility that the Company is dormant - i.e. not traded. If you are registered with HMRC as dormant then you would not need to complete a tax return unless they specifically requested.

If you were still dormant your accountant would advise; most likely charge only a notional fee; ascertain any other issues that haven't surfaced yet, but more importantly work with you over the coming months.

 

[MyAccountantOnline]

I have a Ltd Company, i'm the only director and its a simple expense/revenue business - no share holders, debt, investors etc


I just want to make sure i'm doing this correctly. I've logged onto ewf(dot)companieshouse and "Filed Company Accounts". I did the confirmation statement and PSC earlier this year

Is there anything else I need to do on a yearly basis, anywhere else I need to submit forms or is this the only place?

Getting a bit confused and mixed up about Companies House, HMRC etc

These links may be helpful if you are going to DIY

https://www.gov.uk/prepare-file-annual-accounts-for-limited-company

https://www.gov.uk/government/publications/life-of-a-company-annual-requirements