Dormant Company Accounts
All limited companies are required by law to file annual accounts at Companies House, however, if your company is dormant, it does not need to file full accounts. Instead, it is only required to file a simplified version of accounts, known as dormant company accounts.
Quality Company Formations provide a dormant account filing service for limited companies, regardless of whether the company was incorporated using our website. The process takes 24 hours (1 working day) providing we receive the required information without undue delay.
Failure to file your company’s annual accounts on time will result in a late filing penalty from Companies House.
How it works:
- Click the ‘Order’ button
- Enter the required details and proceed to check out
- You will receive a short questionnaire by email regarding the submission of the accounts
- Simply confirm your answers to the questions by replying to the email
- We will file your dormant company accounts with Companies House within 1 working day of purchase, provided we receive the required information
- We will inform you by email when Companies House accepts the accounts
- This service is renewable on an annual basis at a cost of £49.99 plus VAT
- Completion and filing of form AA02 dormant company accounts (DCA)
- Fast turnaround - great for customers whose filing deadline is approaching
- Confirmation of acceptance of accounts by Companies House
Frequently asked questions
What is a dormant company?
A dormant company is a new company that has not started trading, or a company that has not traded within the current financial year, i.e. it has had ‘no significant accounting transactions’ during the financial year.
What is classified as a significant accounting transaction?
If a company has had no significant accounting transactions in the financial year, it can be classified as dormant; however, if it has settled an invoice, paid bank charges, bank interest, paid employees, or paid dividends to shareholders, it will lose its dormant status, as these are all examples of significant accounting transactions.
Exclusions to the rule are: payment for shares issued at the time of incorporation, late filing penalties, and filing fees paid to Companies House.
What are dormant company accounts?
Companies with dormant company status only need to file a simplified form of accounts with Companies House. These simplified accounts are known as dormant company accounts, and they represent a considerable benefit, as they reduce the statutory burden of filing profit and loss accounts and a director’s report.
How often do I need to file accounts?
Accounts must be filed at Companies House at least once every 12 months.
This service is renewable annually, at a cost of £49.99 plus VAT, ensuring you do not miss a filing date in the future.
What information is required to file dormant company accounts?
If you formed your company using our website, then we will only need to know your company name and number, and if your shares are paid or unpaid, i.e. have the shareholders paid the company for the shares issued to them?
If you did not form your company using our website, we will require your company name and number, webfiling authentication code, shares paid or unpaid, and the name of one director.
How long does it take?
It takes 24 hours (1 working day) to prepare and file dormant company accounts with Companies House (subject to having the webfiling authentication code and other required information). We recommend you order the service at least 3 working days prior to the due date.
Please note: We cannot take responsibility for any late filing penalties or fines if your order was not submitted at least 3 working days prior to the due date.
Who can use this service?
This service is not available to limited liability partnerships.