Every company in the United Kingdom, including those that are dormant, needs to comply with Companies House. While the requirements for dormant companies are much easier than for active companies, it is very important to comply with the requirements that keep your company in good standing and avoid penalties.

Through our Dormant Company Accounts Service, we will ensure that your company accounts are filed accurately and on time without you having to undergo extensive bookkeeping or financial reporting.

But, what is a Dormant Company?

The company shall be deemed as dormant where, over a financial year, it has not entered into any very substantial transaction except for the expenses involved in the incorporation of the company, transactions regarding the maintenance of statutory registers, or payments of fees to Companies House.

Normally companies may be put in a dormant state in cases where it is a holding company or in case a company is in the process of being incorporated and yet it has not started running. Although dormant companies do not trade, they are still regulated in filing their annual accounts and confirmation statements to Companies House.

The provisions against the background of the fact that the main reason behind filing accounts is to bring out transparency and verify that the entity is still working, even if it is not trading at the time being.

Eligibility:

Who should opt for our Dormant Company Accounts Service?

Our Dormant Company Accounts Service gives you peace of mind that all compliance needs are met for any UK Limited Company registered with us.

It provides an easy, stress-free method whereby all regulatory obligations can be maintained. Available to all UK private limited companies, whether incorporated by us or via another formation agent.

This broad eligibility ensures that different businesses at various stages of development can leverage on our specialized support, provided they meet the necessary criteria.

Stated below is the eligibility criteria to enroll:

Company Registration: This is available to any limited company that has its registration with Companies House in the UK.

This includes companies formed through any formation agent or those that have directly registered with Companies House.

The service is inclusive and does not require that you must have used our company formation services; it is designed to help any registered company which meets other eligibility criteria.

Dormant Status: The company should, by definition of Companies House, be classified as a dormant company. More specifically, this means that your company has not traded significantly or had any significant transactions in the financial year.

The company would be regarded as dormant if it has had no accounting transactions other than those that are necessary to keep the company legally alive, such as paying annual fees to Companies House or keeping statutory records.

Non-Trading Status: A company can only be considered dormant if it has not had any significant business activity in the previous financial year.

Amongst other things, this means it has not generated any revenue, not incurred any business expenditure, and has not had any significant financial transactions.

The exclusion to this category of transactions includes those which were made to keep the company’s legal existence in force. This also includes all types of regulatory compliance and similar fee payments.

Filing requirements must be met: Even if your company is dormant, it still has to satisfy some filing requirements with Companies House. This service has been designed to satisfy these requirements, on time and accurately.

This will involve the preparation and filing of simplified accounts, demonstrating that your company is dormant.

By using this service, you will be complying with these requirements without having to undertake extensive bookkeeping or complex financial reporting.

Benefits

Why should you opt for Dormant Company Accounts Service?

The Dormant Company Accounts Service has several benefits, designed to make the compliance process seamless and efficient for clients. The following explains in detail how this service will make compliance easier for you:

Timely Filing of Simplified Accounts: A dormant company will be required to file less complex accounts compared to active companies. It would normally include a balance sheet containing a declaration of dormancy and a few basic notes.

This service helps you prepare and file your simplified accounts on time, avoiding late fees, and therefore keeping your company in good standing with Companies House.

Accurate and Compliant Documentation: Even for dormant companies, financial filings should be done with accuracy. This service will ensure that all the documentation needed is accurately prepared and in full compliance with the regulations outlined by Companies House.

The preparation of the balance sheet will properly reflect that your company is a dormant company, together with all the declarations that such a company needs to make.

Stress-Free Process: The task of managing compliance can be burdensome and stressful if one is not sure about the requirements.

Most of the work in preparing accounts and submitting them is outsourced for you to concentrate on other priorities. It will help deal with all the paperworks, deadlines, and regulatory requirements, giving peace of mind and alleviating the administrative burden.

Expert guidance and support: Navigating exactly the regulations surrounding dormant company accounts can get very complicated.

Their expert team, well-versed in Companies House requirements, provides professional advice and support at each step. Be it questions about the status of your company or compliance matters to which you need advice; they are there to help.

Daily updates and communication: They keep you updated with all the proceedings and thus make you aware of crucial deadlines and any actions required on your part. With such proactive communication, one is able to avoid last-minute hassles and ensure that all filings are submitted in a timely and proper manner.

Cost-effective solution: The Dormant Company Accounts Service provides good value for money against the comprehensive support provided.

Having competitive pricing structures, which reflect the very simple nature of accounts required for dormant companies, this is essential in order to ensure that you can receive a high quality of service without unnecessary overheads.

Documents

Which Documents are required for accessing Dormant Company Account Services?

This will ensure that the preparation of dormant accounts and the filing process go as smoothly and efficiently as possible. We need supporting documents based on the jurisdiction of your company’s place of incorporation.

Below is a table showing the different documents we need from you, depending on whether your company was formed through Comply Globally or any another service provider.

1. For Companies Formed Through Comply Globally

Provided your company was incorporated through Comply Globally, there would be very minimum documentation required in this section because of the ease of process we allow for our clients. Here’s what we need:

Company Name and Number:

Company Name: Provide us with the legal name of your company as it is registered with Companies House. This ensures correctly identifying your company in all filings and documentation.

Company Number: Mention the number under which your company is registered. This will serve as an identifier to help us access your company’s records and verify the fact that we are dealing with the right entity.

Whether Shares are Paid or Unpaid?

Paid Shares: State whether all the shares of your company are paid up. In case your company has issued any type of fully paid-up shares, give details for confirmation.

Unpaid Shares: In case there are unpaid shares, we require this information for the proper preparation of your accounts. We require details relating to outstanding share capital not paid up.

This simplified documentation requirement makes it easier and more efficient for us to process your dormant company accounts by making sure that all important information is captured in detail.

2. For Companies Incorporated Elsewhere

For companies incorporated via other agents or providers, the documentation requirements are slightly more detailed. To prepare and file your dormant company accounts correctly below, please provide the following:

Company Name and Number:

Company Name: As with companies incorporated via Comply Globally, provide your company’s full legal name as registered with Companies House.

Company Number: Fill in your company’s registration number to find and access your company’s records.

Web-filing Authentication Code:

Authentication Code: This is the code you received from Companies House to enable you to access and file online your company’s record. Otherwise, it provides security to ensure that only duly authorized persons can change your company’s filings.

Share Information (Paid or Unpaid):

Fully paid shares: Indicate whether the shares of your company are fully paid. In the case of issuance of shares, indicate that such shares have been fully paid for.

Partly Paid Share Details: State details of the unpaid shares. This entails any information regarding the share capital that remains unpaid, which is due to be paid.

Name of one Director: Mention at least one current director on record in your company. The rationale for this is to look at the governance structure of the company and to ensure that the accounts are properly prepared.

Process

What’s usually the process of engagement?

Working with a Dormant Company Accounts Service is pretty straightforward:

Initial Consultation: Our team will start off by speaking to you through an initial consultation to explain the status of your company and its requirements. This will enable our professionals to take a more personalized approach to service and make sure that all of the necessary information is collected.

Preparation of Accounts: Our team will prepare the simplified accounts for your dormant company, making sure to note all relevant details. This will include a balance sheet and related notes fully in compliance with Companies House.

Review and Approval: The accounts prepared would be reviewed with you to check for mistakes and clarify any queries that you may have. We would seek your approval prior to filing.

Filing with Companies House: Once agreed upon by you, we will submit the accounts with Companies House on your behalf. We handle all the filing and ensure that everything gets submitted correctly and in a timely manner.

Ongoing Support: In this regard, we continue to offer ongoing support to meet any additional needs or questions that you may have. We are always at your beck and call if required for any future filings or compliance.

Keeping a dormant company in good standing with Companies House is the key to the survival and legality of a company under UK law.

Our Dormant Company Accounts Service offers a route to do this with ease and efficiency, including every eventuality when preparing accounts for filing while guiding and supporting you through each step.

Be rest assured that by using our service, the compliance requirements of your company will be fulfilled accurately and in a timely manner, thus giving you peace of mind to focus on other important aspects of your business.
How to submit the documents?

You may send your documents via email or through our secure online upload. Our team is always ready to help in case you have any queries regarding the documentation needed or require any assistance in collecting information.

Feel free to reach out, and we’ll walk you through to make sure everything runs smoothly.

Required documentation for our Dormant Company Accounts Service varies depending on whether your company was incorporated with Comply Globally or any other formation agent.

Supplying all information correctly and in a timely manner allows us to effectively handle your dormant company accounts for Companies House compliance and the absolute smooth running of our service experience.

Here’s how:

We know that dormant company account compliance requirements can be manageable. With our efficient and simple process, easily manage dormant company accounts. Let’s look at the Step-by-step guide:

Order and Pay: Simply click on the “Buy Now” option on our website to start with. This will bring you to our secure payment gateway where you can finish buying.

Choosing our Dormant Company Accounts Service and then going ahead to make payment places your order. Thus, this initiates the whole process and it gets everything in motion for the preparation and filing of your accounts.

Confirmation: Upon placing the order, you will be asked to complete a short questionnaire that will be e-mailed to you about the essential details required to prepare your dormant company accounts accurately.

You will mention the name of your company, its registration number, share details, and the confirmation of your company’s dormant status. It represents the information needed to make sure that your accounts are prepared correctly and in compliance with Companies House regulations.

Filing and Notification: On receiving your completed questionnaire and upon finalizing the details, we shall promptly prepare your dormant company accounts. We would then commit to filing your accounts at Companies House within 24 hours of receiving your confirmation.

This quick turn-around makes sure all your compliance obligations are met in a timely manner. After filing, you will get a notification that your accounts have been accepted by Companies House. It is then that you will know your filing has gone through successfully.

Renewal Option: Our Dormant Company Accounts Service is provided for annual renewal to continue the compliance exercise. You will be given the option to renew the service every year, and you will be sure that your dormant company remains fully compliant without needing to reinitiate the process time and again.

Making provision for the option of renewal, therefore, makes managing ongoing compliance much easier for you to focus on other areas of your business or personal ventures.

The following simple steps will help you in keeping your dormant company accounts up to date and maintain good standing for your company at very little cost in terms of time and effort.

Make Your Company Live

Why Choose Us?

Our Dormant Company Accounts service represents a cost-effective, efficient, and reliable solution to simplify compliance for dormant companies. We understand the needs of dormant companies and offer services with a view toward meeting such needs with precision and care.

Expertise and experience:

Skilled Team: Our professionals have wide knowledge of rules related to dormant companies, with a commitment to quality service. We use this experience skillfully in surmounting the complexity involved in compliance to ensure that all filings are accurate.

Customer Focused: Your interests are put first in everything that we do. We endeavor to offer you the best service possible from the preliminary consultation to the final filing.

Convenience and reliability:

Seamless Process: We have a very smooth, hassle-free process. All aspects of account preparation and filing are handled by us and leave you free for more important things.

Timely Support: Yes, we are available for responsive and timely support in case of any queries or issues. Our team is always there to guide you through the whole process.

Our Dormant Company Accounts service is designed to remove the hassle of compliance and bring several advantages at your fingertips that enable direct, easy, and efficient ways to keep your company in good standing.

With reduced burden, fast and efficient service, cost-effective pricing, and peace of mind, entrust us to handle your dormant company accounts with professionalism and care.

Benefits of our Services:

Maintaining compliance requirements for a dormant company often feels like a major headache and, in fact, it can be exhausting in terms of using valuable time; this is for a company that may not be doing active trading.

At our firm, we do understand the huddles that come with maintaining compliance and have a full commitment to making the process easy and trouble-free. Below are extensive details of key benefits to be derived from using our Dormant Company Accounts Service:

1. Less hassle
Dealing with company accounts can come with a lot of diversity, from giving detailed financial statements to compiling a director’s report involving lots of work and at times may not be worth the hassle if your company is not trading stateside.

Our Dormant Company Accounts Service saves the headache with not having to prepare full accounts or a director’s report.

How we help:
Simplified reporting: Requirements for dormant companies are much simpler than for active businesses. We prepare the proper abbreviated accounts, which include only the titled minimal information that Companies House requires.

In this case, you do not have to worry about the intricacies of financial reporting and do not need to go through the ordeal of preparing voluminous documents

Director’s Report: Normally, active companies are supposed to file a director’s report together with their accounts. This is, however, not a requirement for dormant companies.

Our service guarantees you compliance with this simplified requirement, thus alleviating the administrative burden from your end.

By taking these responsibilities off your hands, we let you get on with the other important areas of your business or personal life, without getting bogged down by administration.

2. Fast and efficient service

Time is frequently a critical factor in meeting regulatory deadlines. We place special emphasis on efficiency in delivering our Dormant Company Accounts Service to enable you to receive confirmation of your accounts filing as speedily as possible.

Our Efficiency Enablers Include:

Very fast turnaround: On receipt of your full information, we process and file your dormant company accounts as quickly as possible. We then aim to provide you with confirmation of the filing within 24 hours {one working day}.

This fast turn-around ensures that you can meet your compliance deadlines without any unnecessary delay.

Streamlined process: With well-established processes and an experienced team, we can easily manage your filings quickly.

We cut down on every likely delay by our efficient work, at the same time making successful completions of all necessary documentations, both precisely and timely.

Our fast and efficient service keeps you on top of your compliance requirements, minimizing late filing and its associated penalties.

3. Cost-Effective Solution

Besides, compliance with maintaining compliance does not necessarily have to be costly. We provide our Dormant Company Accounts Service at a competitive price of £99.99 + Taxes. We ensure that our services are top-notch without compromising the quality of the services given vis-à-vis the cost of the service.

Affordable Compliance:

Competitive Pricing: Our pricing policy is pocket friendly and an excellent value for the broad help we offer. We are considerate of the cost implications to the business—especially as some of them are dormant and cannot raise revenue.

No Hidden Costs: The price given here includes all the services; there will be no hidden extra charges. In this context, it offers transparent pricing so that you will know what you are paying for and how to plan your budget.

By our service, you shall have an effective and worth cost solution without compromising on quality and hence completely adhering to regulatory compliances.

4. Peace of Mind
Be assured that your business adheres to Companies House legislation in order to avoid penalties and fines.

Our ‘Dormant Company Accounts’ Service offers complete peace of mind through tasks that relate to compliance so you don’t have to face penalties through missed deadlines or potential errors.

How we offer you peace of mind:

Avoiding Penalties: Late or inaccurate filings can attract hefty penalties, which may put unwarranted stress on the financials.

Our service helps to ensure that your accounts are filed accurately and in a timely manner, thereby avoiding these penalties and thus maintaining good standing for your company.

Annual Renewals: We provide annual renewals for that continued compliance, which in turn will give you all the confidence to allow us to manage your dormant company accounts year by year, so that you don’t need to remember filing deadlines and the associated risk of non-compliance.

The service will not just meet your current needs but assist you to remain compliant year on year.

FAQs

1. What is a Dormant Company?

A dormant company in the UK is a limited company with no significant accounting transactions during the financial year. It refers to those companies that do not trade or conduct any form of financial activities, except the activities necessary for the purposes of keeping the legal status of the company in force.

In its simplest explanation, it is a dormant company if it has never involved itself in any business and hence generates no income received or has any normal business-related expense incurred.

2. What are Significant Accounting Transactions?
Significant accounting transactions are those financial activities which are of such a nature as to have an impact on the financial records of a company.

The last-mentioned fact means that if a company has to remain dormant, then it should avoid significant accounting transactions at all costs.

3. What are Dormant Company Accounts?

Dormant company accounts refer to a reduced set of financial statements that a dormant company should send to Companies House every year.

These accounts, when compared with the full accounts for active companies, have less information.

The main purpose of their introduction is to make filing easier for those companies that have not undertaken any significant financial activity.

Components of Dormant Company Accounts:

Balance Sheet: A simple balance sheet capturing an overview of the company’s financial position, including assets and liabilities.

Declaration of Dormancy: A declaration that the company has not been trading or carrying out significant financial transactions in this financial year.

Notes to Accounts: Minimum notes providing additional context to the balance sheet and confirm the dormant status.

4. How frequently must I file accounts?

This means that dormant companies must submit their accounts with the Companies House yearly, making sure that the company stays in good standing and in compliance with the law, even if it does not conduct any financial activity.

5. How long does it take?
The preparation of dormant company accounts and their submission are quite expedited. Assuming the necessary information is received from you, the whole procedure normally takes 24 hours or a single working day.

6. How Comply Globally will be able to help?

Get on the hassle-free pathway to compliance today. Let our Dormant Company Accounts Service put your mind at rest as our team takes care of all filings with regard to your company.

Take great comfort in professional support, knowing everything is handled accurately and on time.