If your company is dormant (not trading), you will not be required to submit profit and loss accounts to Companies House. Instead, you can submit a set of 'dormant company accounts'.
Rapid Formations provide a dormant company accounts service to new and existing customers, regardless of whether you incorporated your company using our website. The process takes no longer than 24 hours.
Please see our FAQs below, or call 020 7871 9990, for more information.
Select Buy Now and complete the application form with your details.
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.
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.
Companies with dormant company status only need to file a dormant set of accounts to Companies House. These dormant company accounts represent a considerable benefit, as they reduce the statutory burden of filing profit and loss accounts and a directors' report.
Accounts must be filed at Companies House at least once every 12 months.
This service is renewable annually, at a cost of £39.99 +VAT, ensuring you do not miss a filing date in the future.
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, whether the shares are paid or unpaid, and the name of one director.
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.
This service is only available to clients whose limited company or companies have never traded, since the date of incorporation.
Please note, this service is not available to Limited Liability Partnerships (LLPs).
“I owe a huge thanks to Rapid Formations and its fantastic customer service team for making the beginning of my company so easy.”
Rapid Formations Customer
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