Basic Help with LTD company

[mac456]

Hi all,

So in April 2013 I set up a LTD company by myself which was going to provide IT contracting services.

Since then things have changed and I have decided to stay in my permanent position so not needing the company.

So I would like to strike off the company.

The company has never traded ever and no money has ever been put into the business account.

I have downloaded the DS01 form and filled it in and the cheque of £10 is ready to be sent off.

Do I need to send of the annual returns for the company as well? (which will be nothing) and if so how and where? can it be done online?

What happens to the business bank? Do I need to inform the bank?

Will Company House respond to me once the striking off process starts?

And if in the future I decide I need to start a new ltd company will this effect it at all?

Some info below:

Account end period: 23 april 2014, 30th april 2014 (why two dates?)

Date by which the company needs to pay its corp tax: 24 Jan 2015, 01 Feb 2015

Deliver its tax return: 30 april 2015.


Thanks

 

Get the bank a/c closed (I presume the £10 striking off fee will be met from your own funds - if not, allow the cheque to clear before closing the account).

You can lodge an annual return online and it won't cost you to do this iirc.

The accounts are your call. Personally, I would't bother and avoid accountant's fees.

Yes, Companies House will let you know that the application is in progress. I don't know if they'll then keep you informed of the process (e.g. first Gazette notice, creditor objections, if any (HMRC?). My gues is that they won't but it's easy enough to do a check on the London Gazette and Webcheck once a month.

You can always call Companies House every six weeks or so as well. They are normally pretty helpful.

 

[Scalloway]

It costs £13 to file an annual return online (£40 if you do it by post). It costs nothing to file the annual accounts. If the company was only set up in April this year I wouldn't bother as they are not due for a long time yet.

Having the company struck off will have no effect on you starting another company.

https://www.gov.uk/file-an-annual-return-with-companies-house

 

[mac456]

Thanks for the reply,

I though the online annual return was the accounts?

Whats the worst case scenario if I dont send in the accounts? and can I not do it my self?

Thanks again

 

[StevensOnln1]

Nothing will happen if you don't submit accounts as they aren't due until next year. The company will be long dead by then.

Sent from my GT-P1000 using UK Business Forums

 

[Scalloway]

There are two filings a company must do, the annual return and the annual accounts. You can do it yourself if you have a bit of basic knowledge of company accounting. If the company has not traded you will not need to file a corporation tax return. The worst case scenario if you don't file is that Companies House strike the company off.

http://www.companieshouse.gov.uk/toolsToHelp/fileInformation.shtml

 

[mac456]

Ok thanks I will investigate the annual return and the annual accounts.

I assume that I can still apply for the strike before sending in the return and accounts?

 

[mac456]

Also I have read about being fined £5000 and possible criminal conviction if not done right.

So I just want to make sure everything is above bored.

 

[Scalloway]

As your accounts are not due until April next year I would just go for strike off and forget the accounts. Once the company is struck off they are not needed. Just fill in the DS01 and send it off. That will be the end of it.

 

[MyAccountantOnline]

As your accounts are not due until April next year I would just go for strike off and forget the accounts. Once the company is struck off they are not needed. Just fill in the DS01 and send it off. That will be the end of it.

So would I.

The striking-off process is explained on the Companies House website - it explains how it works and timescales etc.

 

[mac456]

Thank you for the help. Thats what I will do.