What are dormant company accounts?

If your limited company has never traded or hasn’t traded in its previous financial year, you can file a specific set of company accounts known as dormant company accounts.

Filing these can save you a significant amount of money as you won’t require an accountant’s assistance in preparing them.

In this video, our company expert Nicholas Campion, covers the key information on dormant company accounts, including - whether your limited company can file them. Don’t miss out, watch the video.

Links:

1st Formations - Dormant Company Accounts Service
https://www.1stformations.co.uk/dormant-company-accounts/

Chapters:

0:00 Intro
1:01 What is a dormant company?
1:27 Transactions that are not considered significant
1:54 The company’s financial year
2:18 What dormant accounts actually are
2:36 The information that needs to be included on dormant company accounts
3:23 How to file dormant company accounts
4:25 The penalty for late filing of annual accounts

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