We Have Answered Almost All Your Questions Regarding Dormant Company and Dormant Company Accounts.

A company may be dormant if it's not doing business or trading and doesn't have any other income, such as investments or tangible or intangible assets. According to the Companies Act 2006, a company is considered dormant if it has no significant accounting transactions (transactions required to be entered in the company's accounting records under section 386 of the Companies Act 2006) (section 1169, Companies Act 2006). For more information, please follow the link 

https://www.gov.uk/guidance/confirmation-statement-guidance#how-to-file-your-confirmation-statement 

We only need one of the directors' photo ID and proof of address to comply with money laundering regulations and the company's details.

1. Sign up as our client and supply all the necessary information and documents.

2. Our qualified accountants will submit the company's registration application to Companies House online on your behalf, and a confirmation email will be sent to you once the company is incorporated with incorporation documents.

When an application is made to Companies House on the company's behalf by its directors or a majority of them. 

Your company will be dissolved within about 2 months 15 days from the day Companies House accepts the application, and if there is no objection from any interested parties.

The directors who make the application must, within 7 days of sending the application to the registrar, send a copy to members, usually the shareholders, creditors, including all existing and likely creditors such as banks, suppliers, former employees if the company owes them money, landlords or tenants (for example, where a bond is refundable), guarantors, personal injury claimants, HMRC and Department of Work and Pensions (DWP), employees, managers or trustees of any employee pension fund, any directors who have not signed the form.

The company's directors must also send a copy of the application to any person who, at any time after the application has been made and becomes a director, member, creditor, employee, manager, or trustee of any employee pension fund. This must be done within 7 days of the person becoming one of these.

This obligation continues until the dissolution of the company or the withdrawal of the application. You'll be committing an offence by not sending the notice to the relevant parties and could face a fine or, in the most serious cases, a maximum of a 7-year prison sentence.

It's an offence to apply when the company is ineligible for striking-off, to provide false or misleading information in, or in support of, an application, not to copy the application to all relevant parties within 7 days, not to withdraw the application if the company becomes ineligible.

The offences attract a potentially unlimited fine on summary conviction (before a magistrates' court or Sheriff Court) or an unlimited fine on indictment (before a jury).

If the directors breach the requirements to give a copy of the application to relevant parties and do so with the intention of concealing the application, they're also potentially liable for up to 7 years imprisonment as well as an unlimited fine.

Anyone convicted of these offences may also be disqualified from being a director for up to 15 years.

Before a prosecution can be considered, as a prosecuting authority, the Department for Business, Energy and Industrial Strategy must ensure it complies with the Code for Crown Prosecutors. The Code requires prosecuting authorities to take account of various matters when deciding whether to prosecute. You can find out more in The Code for Crown Prosecutors publication.

Dormant is a term that HMRC and Companies House use for a company or organization that is not active, trading, or carrying on business activity. But HMRC and Companies House use the term dormant in slightly different ways.

For Corporation Tax purposes, HMRC views a dormant company as a company that's not active, not liable for Corporation Tax, or not within the charge to Corporation Tax.

A dormant company can be, for example, a new company that's not yet trading, an 'off-the-shelf' or 'shell' company held by a company formation agent intending to sell it on, a company that will never be trading because it has been formed to own an asset such as land or intellectual property, an existing company that has been - but is not currently - trading, or a company that's no longer trading and destined to be removed from the Companies Register. 

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

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 authentication code, which is typically sent by mail to the registered office address of the company when it is first incorporated. It can also be obtained by filing certain forms or requesting it directly from Companies House. To obtain the authentication code for a specific company, you should refer to the official correspondence or documentation received from Companies House or contact them directly for assistance. 

At Dormant Company Services, we understand the dynamic nature of businesses, and we have associated chartered accountants who can seamlessly support you when your company becomes active. Our team of professionals can assist you in smoothly transitioning from dormant to active status, ensuring that your accounting needs are met every step of the way. 

We exclusively serve directors of dormant companies, and our services are specifically tailored to meet the unique requirements of such companies and their directors. 

The penalty only applies to accounts. The level of the penalty depends on how late the accounts reach Companies House.

Length of period (measured from the date the accounts are due)

Not more than 1 month

£150

More than 1 month but not more than 3 months

£375

More than 3 months but not more than 6 months

£750

More than 6 months

£1,500

For more information, please visit https://www.gov.uk/government/publications/late-filing-penalties/late-filing-penalties

If the confirmation statement is not filed within 14 days of the end of the review period, your company and its officers may be prosecuted. Your company may also be struck off the register.

1. Sign up as our client and supply all the necessary information and documents. 

2. Approve and sign the dormant company's confirmation statement through our portal. 

3. Our qualified accountants will submit the dormant company's confirmation statement online on your behalf, and a confirmation email will be sent to you.

4. We will keep an eye on the deadline for you and contact you again next year. 

Yes, you can use your home address as your company's registered office address, but it will appear on the public record.

It can take up to three working days as long as we have all the necessary.

When Companies House forces to strike off a company from the register. This can only happen if the confirmation statement or dormant company accounts are not filed on time or by court order by the government authorities. 

- Provide correct and accurate information when making the application. It is an offence to knowingly or recklessly provide false or misleading information on this application.

- You must send copies of this application to all notifiable parties e.g. creditors, employees, shareholders, pension managers or trustees, and other directors of the company within 7 days from the day on which the application is made. 

- Make the application only if the majority of directors and shareholders agree to submit the application. 

You can post a copy of the completed ‘Striking off application by a company’ form DS01 to, or leave it at the last known address (if an individual), the principal or registered office (if a company or other body).

You can also make a creditor of the company aware of the application by leaving a copy of it at, or posting a copy of it to, the place of business with which the company has had dealings in relation to the current debts, for example, the branch from where you ordered goods or which invoiced you. If there's more than one such place of business, you should deliver a copy of the application to each of those places. It's advisable to keep proof of delivery or posting.

An application for voluntary striking off can only be made on the company's behalf by its directors or a majority of them. The Companies Act 2006, Section 1004 and section 1005 set out the circumstances in which the company may not apply to be voluntarily struck off. For example,

· If, at any time in the last 3 months, it has traded or otherwise carried on business,

· changed its name

· Engaged in any other activity except one which is necessary for the purpose of making an application for strike off or deciding whether to do so (for example, seeking professional advice on the application or paying the filing fee for the strike-off application), concluding the affairs of the company, such as settling trading or business debts, complying with any statutory requirement,

· Made a disposal for value of property or rights that, immediately before ceasing to trade or otherwise carry-on business, it held for the purpose of disposal for gain in the normal course of trading or otherwise carrying on business.

· If it is the subject, or proposed subject, of any insolvency proceedings such as liquidation, including where a petition has been presented but has not yet been dealt with and a section 895 scheme (that is a compromise or arrangement between a company and its creditors or members).

· It has bearer shares in issue. Bearer shares are where a warrant has been issued in respect of shares and there is no registered shareholder in the register of members. You can find further circumstances in which you cannot make an application in section 1004 and section 1005 of the Companies Act 2006.

The company Director/Directors will commit an offence if you breach these restrictions and are liable for a fine on conviction.

Unique Tax Reference (UTR) is a ten-digit unique number assigned to your company, and it can be found in any letter received from HMRC regarding the company's corporation tax matters. If you do not find any letter, then we can ask HMRC to send you a copy. Please follow the link below to request the Company's UTR. 

https://www.tax.service.gov.uk/ask-for-copy-of-your-corporation-tax-utr