Dormant Business Accounts (DCA)

Dormant Company Accounts should be filed here. Simple. Dormant company accounts are annual accounts that can only be filed by audit-exempt companies (ie. a dormant company). Accounts should not be confused with the Confirmation Statement (previously known as Annual Returns). A Confirmation Statement is a snapshot of general company information (not financial information). These two documents must be submitted yearly to Companies House. You can always get in touch with us if you have any questions or concerns. FAQs on Dormant Company Accounts What exactly are Dormant Corporate Accounts? Dormant company accounts are annual accounts that can only be filed by audit-exempt companies (ie. a dormant company). What exactly is a Dormant Company? A limited company is considered dormant if there have been no'significant accounting transactions' since incorporation or the last filing of accounts. A company is dormant if it has not traded in a long time. How often do Dormant Company Accounts have to be filed? Every fiscal year, company accounts must be filed. Your first accounts must be filed within 21 months of your incorporation date. Every subsequent accounting filing must be completed within 9 months of the accounting reference date (ARD). If you are unsure of your ARD, you can view it by logging into your account. What information does Company Formation MadeSimple require in order to file my Dormant Company Accounts? None. The only possible issue is whether the company's shares are paid or unpaid: Paid - The shareholders have made a payment to the company in exchange for their shares. Unpaid - The shareholders have not made any payments to the company in exchange for their shares. Unless otherwise advised prior to the purchase of this service, we will mark shares as paid by default. Please see the following question for an explanation of why this is the case. Why are shares marked as paid by default? We mark shares as paid by default because unpaid share capital can result in a tax liability. It means the shareholders owe money to the company, which HM Revenue & Customs interprets as the company lending the money to the shareholders. Because these shareholders are participants in the company, HM Revenue & Customs may demand payment of an S419 tax charge. How long will it take to process the accounts of my dormant company? The Standard Service takes 48-72 hours to process (excluding weekends and Bank Holidays). Unless otherwise instructed within 24 hours of purchase, we will mark shares as paid by default. If you opt for the Express Service, your accounts will be processed in just 24 hours (excluding weekends and Bank Holidays). Due to the nature of this service, we will mark shares as paid within 3 hours of purchase unless otherwise instructed. We strongly advise customers to purchase their dormant accounts service at least 15 days prior to the filing deadline. We are not liable for any late fees or fines incurred as a result of purchasing the service within 15 days of the due date. Can I buy Dormant Company Accounts if I didn't form my company with Company Formation MadeSimple? Yes, we only require a few details from you. We require the following information: the company name, company number, webfiling authentication code, share capital, and the name of one director. We also need to know whether the company's shares are paid or unpaid (see above). You are not allowed to use this service if any of the following apply to you: Even in a previous fiscal year, the company has ever traded. Companies House has received a Return of allotment of shares document (SH01) from the company. You do not have a valid webfiling authentication code from Companies House (we will normally have the code if the company was formed by us) Important information about late filing penalties: Companies House will levy the following penalty if a company files its accounts after the due date: Lateness: Not more than £150 per month More than one month but less than three months: £375 £750 for more than three months but no more than six months £1500 for more than six months If a company's accounts are past due, the only ways to avoid the penalty are as follows: Instead of filing accounts, dissolve the company. File the accounts, then appeal the penalty (appeals may not be successful) What is the functionality of the Confirmation Statement & Dormant Company Accounts Bundle? Within 48 hours, the Dormant Company Accounts will be filed (excluding weekends and Bank Holidays). Unless otherwise instructed, the Confirmation Statement will be filed on the due date. We will email you once the Statement is complete and ask you to review it. If you are satisfied with the Statement, you can accept it, and it will be filed with Companies House. If a change is required, simply reject the Statement and let us know what needs to be changed. We will then make the requested change and ask you to review it once more.if you are looking for accountant then contact as know:Thanks for such an amazing information. I have just read it. It really helps. If you are looking for other articles just visit Best Accountants in London

You get tax refunds when you pay more assessments to your state government or the federal government, through finance retaining, for instance than your real duty obligation. For this situation, the government will write you a check for the sum overpa