Can you help me dissolve my limited company instead?
If you have no intention of resuming trading, it will likely be a better option to dissolve your company. This will relieve you of your obligation to file annual accounts and confirmation statements.
We can help you with the limited company dissolution process by taking care of all the paperwork and filing it on your behalf for a completely hands-off approach.
Can I use your dormant company accounting service even if I have not formed my company through Mint Formations?
Yes, we can file your dormant company accounts on your behalf, even if you didn’t originally register your company with us. However, we will need all of the information outlined above, such as your WebFiling authentication code, company name and share capital information.
When and how do I need to file dormant accounts?
Any company must file accounts every financial year. For a new company, these must be filed within 21 months of the incorporation date or within nine months of the accounting reference date (ARD). For example, a company registered on 13 January 2022 will have an accounting reference date of 31 January 2023. The deadline for filing the accounts for this company would be 31 October 2022.
Can a company be dormant from the outset?
Yes, a company can be dormant from the time it is incorporated. This may be the case if the company is being set up for a specific purpose in the future, such as to hold a particular asset or to be used as a vehicle for a potential merger or acquisition.
Is it possible to reactivate a dormant company?
Yes, it is possible to reactivate a dormant company by starting to carry out business activities again. This may involve completing transactions with customers and suppliers, generating income, and incurring expenses. In order to reactivate the company, it may be necessary to appoint new directors or update the company's details with Companies House.
What is a WebFiling authentication code?
A WebFiling authentication code is a six-digit alphanumeric code issued by Companies House during the registration process. If you have registered your company through Mint Formations, you can access it by logging in to your online company portal. If you formed your company another way and do not know your authentication code, we can request it from Companies House, which will send it to your registered office.
Do you also offer confirmation statement filing services for an actively trading limited company?
Regardless of whether your company is dormant (not trading) or actively trading, you still need to file annual accounts and confirmation statements. We can take care of the confirmation statement for your limited company.
What is a dormant company?
A dormant company is a company that has not carried out any business activities or transactions during a financial year. This means that the company has not generated any income or incurred any expenses, and it has not traded with any customers or suppliers. Dormant companies may still have assets, such as cash in bank accounts, but these are not being used for the purpose of carrying on a business.
Why might a company become dormant?
There are several reasons why a company might become dormant. For example, the company may have completed its business activities and is no longer trading, or it may be in the process of being wound up or dissolved. As mentioned, a company may become dormant temporarily while it is waiting for a particular event to take place, such as the completion of a merger or acquisition.
Can a dormant company still have directors?
Yes, a dormant company can still have directors. However, the directors of a dormant company are not required to carry out any specific duties or responsibilities, as the company is not actively carrying on any business activity.
