Providing Expert Services to Dormant Companies Including Dormant Company Accounts

A dormant company is a company that is not actively trading or conducting business and does not have any significant accounting transactions. According to the Companies Act 2006, a company is considered dormant if it has no significant accounting transactions as defined in section 1169 of the Companies Act 2006. For more information, please refer to the Companies Act 2006.

Your company is likely to be dormant if one of the following applies:

• It does not have a business bank account.
• It has a business bank account, but no bank charges have been paid during the year.
• No expenses have been paid for the company other than Companies House fees.
• Accountancy fees are paid by the director personally and will not be recorded as the company's accounting transaction.

The responsibilities and duties of a dormant company's director include:

• Submitting the confirmation statement to Companies House on time.
• Submitting the company's year-end accounts to Companies House by the deadline.
• Exercising independent judgment to determine if the company is dormant for Companies House and inactive for corporation tax purposes.
• Complying with other responsibilities that apply to trading companies, such as acting within powers, promoting the success of the company, exercising reasonable care, skill, and diligence, avoiding conflicts of interest, not accepting benefits from third parties, and declaring interests in proposed or existing transactions or arrangements with the company.

The authentication code for Companies House is a unique code issued to companies registered in the United Kingdom for authentication and online filing purposes. Each company will have its own au