What Steps to Striking Off a Ltd Company?

What Steps to Striking Off a Ltd Company?

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A company has ceased to trade but still has a bank account with the paid up share capital plus a small amount of extra cash. The bank incurs monthly charges so needs to be closes ASAP. What are my steps to get the co. stuck off? My thoughts so far:

1. Notify HMRC (corporation tax office) of date trade ceased and they will make the company dormant (according to the HMRC helpline)

2. Submit accounts and tax return to HMRC for period between last year end and date trade ceased. No tax will be payable due to losses.

2. wait 3 months

3. Company resolution to dissolve company and return any company cash balances to shareholders

4. apply to Co House to strike off the company.

It is a simple company and and debts have been settled.

Questions:

1. Can the bank acct be closed and cash reserves distributed to shareholders at the same time trade ceases? If we wait 3 months, bank charges will be incurred.

2. Would accounts need to be submitted for a dormant company between cessation of trade and striking off?

Any advise would be appreciated. Thanks

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By TerryD
14th Feb 2014 17:10

No accounts needed

I think you should pay off the shareholders as soon as practicable, in any case before the form (and £10) is sent to Companies House because when that is done, the bank account, if still in existence, will be frozen. No more accounts need to be filed at Companies House, provided none are overdue when you send in the form to dissolve.

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Jennifer Adams
By Jennifer Adams
14th Feb 2014 17:58

Here is a checklist of what needs to be done...

https://www.accountingweb.co.uk/article/striking-company-get-details-rig...

Article: Striking off a company - get the details right

Text written in the form of a checklist - step by step!

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