Dormant Accounts if accrual required?

Post year end invoice

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Y/E 31/12/2023, 6 months incorporated. 

Invoice received April 2024 re 2023 period for e.g. Corporate services.

I take it this invoice should have been accrued like a normal accounting transaction in 2023 and therefore 2023 shouldn't be prepared as dormant?

Workaround... Have the parent entity invoiced instead?

No other transactions. 

Replies (6)

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By johngroganjga
21st Jun 2024 07:38

Why do you need a workaround? Why is it a problem if the company is not dormant?

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RLI
By lionofludesch
21st Jun 2024 08:20

How much harder would it be to prepare FRS 105 accounts?

Not at all.

Still don't understand why folk cling to dormancy like a comfort blanket.

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By Ron Burgundy
21st Jun 2024 09:16

If not dormant, will need to file tax returns and would rather skip that part until following year.

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Replying to Ron Burgundy:
RLI
By lionofludesch
21st Jun 2024 09:22

Ron Burgundy wrote:

If not dormant, will need to file tax returns and would rather skip that part until following year.

If you're not trading, no, you won't.

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Replying to Ron Burgundy:
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By Paul Crowley
21st Jun 2024 10:01

You are incorrect

Co House, Dormant means no transactions.
Corporation tax the test is not trading or having any taxable income.

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Melchett
By thestudyman
23rd Jun 2024 15:10

Sounds like dormant for corporation tax purposes (I.e. non trading). However not dormant for company house purposes as it does not meet the very strict requirements for exempted transactions:

Payment of shares
Filing fees to Companies House.
Penalties for the above late filing

https://www.gov.uk/dormant-company/dormant-for-companies-house

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