How can I set my company dormant?

[Coldspring]

Hi, I am seeking help in setting my new company dormant.

In December 2019 I registered a company, with which I intended to start my journey as an entrepreneur. However, due to the pandemic, I decided to postpone doing business with my company until safer times.
The issue I am seeking help is how I can set my company dormant as it had a single £20 income transaction in November 2020 from a purchase I made to test the reseller program the company is enrolled in.
The first accounts are due in September. What should I do in order to get the company dormant?

 

[Argentum Tax]

Unfortunately even if the company had only one small transaction, it is not dormant. Being dormant is a matter of fact not a choice that can be made.

 

[Coldspring]

Unfortunately even if the company had only one small transaction, it is not dormant. Being dormant is a matter of fact not a choice that can be made.

Thank you very much for your reply and assuring of that fact. Since at the current time I am unable to commit to the business, can I apply to have it struck off, before the first accounts, if it qualifies for the requirements of a voluntary strike off? What do I need to do if I want to let go of the company?

 

[Argentum Tax]

Yes, so far as I know, you can.
Full guidance is here:
https://www.gov.uk/strike-off-your-company-from-companies-register

 

[Spur Support Services]

I would recommend contacting HMRC and explain that the company never traded due to Covid19, only suffered £20 of costs and that you intend to let it be struck off.
If you don't clear it with HMRC then they will send you fines for non-submission of corporate tax returns.

As far as getting it struck off at Companies House, if you do absolutely nothing then Companies House will strike it off anyway.

 

[Lisa Thomas]

https://www.gov.uk/strike-off-your-company-from-companies-register

 

[Spreadsheet Accountant]

Look for your company's form CT41G from HMRC, see if it notes a date started or asks you to notify the start of activity. If it does not state started, use Co House strike off form and send a copy to HMRC.

 

[CandC]

Follow-up question not related to HMRC but rather Companies House.
Does the allotment of new shares count as a "significant account transaction" for the purposes of dormant status in the eyes of Companies House?

If yes, then can the company be deemed dormant the following financial year if no other transactions take place?

 

[Scalloway]

Does the allotment of new shares count as a "significant account transaction" for the purposes of dormant status in the eyes of Companies House?

I this for an existing company that has never traded?