I'm director of two limited companies - 'Company A' and 'Company B'. Company A is our main business, with a turnover of around £150k at present. Company B barely a manages a turnover of £2k as we've just not had time to put into it. Both companies are vat registered because they both do very similar things so didn't want to risk being accused of tax evasion. I have just filed the first years accounts with companies house for Company B, showing £5k assets and £5k long term debt (owed to myself). However, we haven't asked our accountant to do the corporations tax yet because I want to get straight in my head what we want to do first. With the costs for the accountant to do the corporations tax return likely being around 25% of the annual turnover for the first financial year, I am seriously considering moving the brand we've been building in Company B over to Company A and just have all sales go through Company A. This would mean we wouldn't have to keep two sets of accounts, and wouldn't have to pay the accountant twice, etc. However, I'm not sure on the best way to go about this. Can Company A somehow purchase Company B, while at the same time 'merging' so we get rid of the second entity, or can I just sell all the assets to Company A to pay of the long term debt that Company B has, then make Company B dormant (I would quite like to protect the company name if it's possible to do this without paying to file accounts, etc)? Any suggestions advice welcome.