Striking off a limited company

Discussion in 'Accounts & Finance' started by Chrisg250, Oct 12, 2019.

  1. Chrisg250

    Chrisg250 UKBF Newcomer Free Member

    5 0
    Dear all,

    Am in the process of closing down a company whose only assets is cash (less than 10,000) and only liability will be corporation tax due for this current tax year (less than 1000).
    I understand the strike off can’t be applied for until the company has not traded for 3 months - it last booked turnover in August and paid employees until 5 september.

    I just want to make sure i have the order of what I have to do correct:
    1. Inform HMRC of my plans and get them to amend accounting period so I can file final accounts online.
    2. Pay any corporation tax due as a result
    3. Close down company bank account and take any remaining cash in it as capital gains.
    4. Complete form DS01 and send to companies house and a copy to HMRC.

    Is there anything else I’m missing?

    Thanks,
    Chris
     
    Posted: Oct 12, 2019 By: Chrisg250 Member since: Sep 10, 2019
    #1
  2. Scalloway

    Scalloway UKBF Legend Free Member

    15,221 3,222
    Posted: Oct 12, 2019 By: Scalloway Member since: Jun 6, 2010
    #2
  3. Chrisg250

    Chrisg250 UKBF Newcomer Free Member

    5 0
    Thanks for that - looks like I’m correct to treat as capital gain given the value of the assets on closure.

    Any comments on my proposed order?

    Thanks!
     
    Posted: Oct 13, 2019 at 5:38 PM By: Chrisg250 Member since: Sep 10, 2019
    #3
  4. Scalloway

    Scalloway UKBF Legend Free Member

    15,221 3,222
    No it is fine. Submitting the DS01 should be the last thing to do when all loose ends have been tidied up.
     
    Posted: Oct 13, 2019 at 8:17 PM By: Scalloway Member since: Jun 6, 2010
    #4