assets in solvent co to be struck off

assets in solvent co to be struck off

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A friend with (I believe) an IR35 company has retired to Spain and ceased all trading activity. There are no liabilities except to herself as she states in her question. "I have been looking at applying to have my company struck off the Companies Register. The main problem I have is with any assets that are left in the company. All my assets have been depreciated to zero, but my computers are still working and would have some sort of value. However the company still owes me a few thousand pounds in the Director's accounts. Can I take the assets to cover some of what is still owed to me?" Any thoughts as to what I should tell her please?
keith deane

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By carnmores
19th Jul 2005 11:59

Yes
a sale / transfer can be effected, but it is the market value not the book value that matters. sale proceeds can be offset against the DLA, watch out if registered for VAT that all matters are properly recorded

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