Dormant Company Accounts Form AA02 Explained

[michaellivingstone]

Hi all,

I just wondered RE: the AA02 form for dormant companies:

1. Where its says "Date of Balance Sheet" - what do I write here? Today's date (the date I am filling in the form) or the accounting period: from the incorporation date of 13/06/2013 up to 30/06/2014, this is what is written on the Companies House reminder letter.

2. There is nothing written on the Memorandum of Association that shows the shares. It simply shows my name. I (rather vaguely now) remember giving myself ONE share of £1.00. Is there any way I can check this?

3. In Section 3 Accounts, do I therefore write:

Called up share capital not paid = £1.00 for Current Year AND Previous Year?
Cash at bank and in hand = Zero
Net assets = Zero (or do I write £1.00)

Number of Shares = 1 Class of Shares = Ordinary of £1.00 each.
Shareholders Fund = £1.00

4. Statements
For the year ending - Do I write here 30/06/2014?

I appreciate the help of anyone on this issue. As you can tell, this is the first time I have had to do this.

I look forward to your reply. With many thanks.

Michael Livingstone

 

[UK Contractor Accountant]

Are you using the online Companies House dormant accounts filing facility? If so the Balance Sheet date should already be set for you.

 

[UK Contractor Accountant]

do you have a copy of information you sent to the formation agent when you formed the company? That should show the number of shares issued at the start.

If not check the Annual Return Form AR01 filed at Companies House in June 14-that will have details of the number of shares in issue.

 

[michaellivingstone]

Are you using the online Companies House dormant accounts filing facility? If so the Balance Sheet date should already be set for you.

Hi, many thanks for your quick reply. No, I have simply downloaded Form AA02 from the CH website and that is what I am trying to fill in.

 

[michaellivingstone]

do you have a copy of information you sent to the formation agent when you formed the company? That should show the number of shares issued at the start.

If not check the Annual Return Form AR01 filed at Companies House in June 14-that will have details of the number of shares in issue.

Hello again,

I actually incorporated the company via the Companies House website (for £15). I now know that Memorandums of Association no longer show the shareholdings.

How can I access Form AR01? It was sent via WebFiling to CH on 10 July 2014. There is no link on the Companies House website to download and check it.

Michael

 

[Scalloway]

The date of the Balance Sheet is the year ending date.

 

[UK Contractor Accountant]

1. Date of BS - 30 June 14
2. Check AR01 - you can dowload it for a fee!
3. net assets = 1
Number of Shares = 1 Class of Shares = Ordinary of £1.00 each.
Shareholders Fund = £1.00
4. For the year ending - Do I write here 30/06/2014? YES

Above correct if 1 share issued at start

 

[michaellivingstone]

The date of the Balance Sheet is the year ending date.

Hi "Scalloway" - many thanks for your reply. Much appreciated. I almost wrote today's date!!

Kind Regards,
Michael

 

[michaellivingstone]

1. Date of BS - 30 June 14
2. Check AR01 - you can dowload it for a fee!
3. net assets = 1
Number of Shares = 1 Class of Shares = Ordinary of £1.00 each.
Shareholders Fund = £1.00
4. For the year ending - Do I write here 30/06/2014? YES

Above correct if 1 share issued at start

Hi again,

I am very grateful for your help.

So do I write for "Called up Share Capital Not Paid" = £1.00
"Cash At Bank And In Hand" = Zero
"Net Assets" = £1.00

The above headings also have (next to them) columns for "Current Year" and "Previous Year" -

Does "Current Year" mean THIS accounting period of 13/06/2013 to 30/06/2014, therefore there is NO "Previous Year". Is this right?

Sorry to sound silly, but I have heard so many stories of returned AA02 Forms because of errors.

Thanks again,
Michael

 

[UK Contractor Accountant]

Above correct if 1 share was issued at start.

 

[michaellivingstone]

Hi - I am pretty sure I stated ONE ordinary share at £1.00 when I incorporated. But I will sign in to the CH website to download my AR01 and double check this. That's everything, thank you!!

My sincere thanks for your help.

Kind Regards, Michael

 

[UK Contractor Accountant]

Is there a reason why you have set up a company and left it dormant for a year +?

 

[michaellivingstone]

Good question. Yes, it was set up for a project that (with studies etc) I have not had time to begin. This project (a start-up) will begin this year. I knew it would be a while before I could devote my time to this, and always knew there would be a period of "dormant status". But I wanted to protect the company name in readiness for the start-up. I do admit however, I did not expect it would be dormant for this long. Not at all.

 

[michaellivingstone]

1. Date of BS - 30 June 14
2. Check AR01 - you can dowload it for a fee!
3. net assets = 1
Number of Shares = 1 Class of Shares = Ordinary of £1.00 each.
Shareholders Fund = £1.00
4. For the year ending - Do I write here 30/06/2014? YES

Above correct if 1 share issued at start

Hi,

I have just downloaded my Annual Return AR01 from last year (the first and only one so far) and have noticed that I actually wrote in the Statement of Capital (Share Capital) section: -

Number Allotted = 10
Aggregate Nominal Value = 10

Amount Paid Per Share = 1
Amount Unpaid Per Share = 0

So because I wrote "1" in Amount Paid Per Share, does that mean a value of "10" must entered in "Cash At Bank And In Hand" on the AA02 Dormant Company Accounts Form?

It can't be entered in "Called Up Share Capital Not Paid"? - because by the wording above "Amount Paid Per Share" where I entered a value of 1, this implies that it has actually been "paid"? Is this right?

Nothings actually been "paid" at all and there is no bank account. But I know that the wording of this is so precise, so I have to be careful. I can imagine that if I put a value in the wrong box, the form will simply be returned to me.

If you could just clarify that point, I would be most appreciative.

Many Thanks Again, Michael

 

[Scalloway]

Put the £10 in as cash in hand.

 

[michaellivingstone]

Thanks Scalloway - now I've got it! Much appreciated.

 

[billie1]

Hi Scalloway

Do you povide accountancy services?

 

[Scalloway]

Only to clients in the Shetland Islands.