Calculating Dormant Accounts

Filing Dormant Accounts

All UK companies are required by law to file a set of accounts every year. Even when a company is dormant the directors are still responsible for submitting a set of dormant non-trading accounts.

Failure to file a set of accounts online can lead to large penalties that can grow to thousands of pounds and, ultimately, the dissolution of the company. Company Directors may also be prosecuted for failing to file company documents.

Filing Dormant Accounts

  • Electronic dormant accounts filing service for limited companies.

When are the accounts due?

A company’s financial year is typically 12 months and unless the accounting reference date has been changed the filing of accounts is due within 9 months of the company’s anniversary.

For example, a company formed on 7 November 2016 will have an accounting reference date of 30 November every year. The first year’s accounts will need to be prepared for an accounting period of 7 November 2016 to 30 November 2017. These accounts will be due to be filed before 7 August 2018. If the accounts are filed one day later a penalty will be issued.

In future years the accounting period will be from 1 December to 30 November covering an exact 12 month period. The last filing date will be 7 August in the following year. It is possible to adjust the accounting period to align with the UK tax year end which is what many UK companies do.