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No trading - which accounts to be submitted?

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Hello,

Our (very) small company has been trading for a few years and we submit our accounts regularly to Companies House and HMRC as required, but during the last financial year ended, our company had absolutely no transactions (we are not dormant)

My question is, how am I to submit the accounts for this period?

Thanks in anticipation.

 

Replies (7)

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By Accountant A
13th Apr 2019 14:32

You were told 5 years ago, when for some reason you decided to incorporate your company, that you needed an accountant. You still do, unsurprisingly.

https://www.accountingweb.co.uk/any-answers/incorporation-costs-asset-or...

Also duplicate posting the same thing on multiple forums is very tiresome.

Thanks (0)
By johngroganjga
13th Apr 2019 14:32

Just as you have been doing in the past. Why do you think the way to submit your accounts might have changed?

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Replying to johngroganjga:
RLI
By lionofludesch
13th Apr 2019 15:36

johngroganjga wrote:

Just as you have been doing in the past. Why do you think the way to submit your accounts might have changed?

This ↑

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Stepurhan
By stepurhan
13th Apr 2019 14:36

No transactions yet not dormant (definition - no significant accounting transactions). Please explain your thinking here.

By the way, if you have said you are "(very) small" in the hope that will prevent people saying you should engage an accountant, good luck with that. If you're small enough you genuinely can't afford an accountant, then possibly you should have stayed as a partnership or sole trader

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By andy.partridge
13th Apr 2019 16:36

Absolutely no transactions. I’m curious.

By the way, no company is so small they don’t need the services of an accountant - as you have proven.

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Replying to andy.partridge:
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By Accountant A
13th Apr 2019 16:51

andy.partridge wrote:

Absolutely no transactions. I’m curious.

No, none at all, apparently. No bank charges, no depreciation, no bank interest (paid or received), no payment of (or adjustment for) the previous year's CT liability, no write-downs, no Companies House filing fees, no provisions movements, no MV adjustments. Nothing, nada, zilch. Apparently ....

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Replying to Accountant A:
RLI
By lionofludesch
13th Apr 2019 17:16

Accountant A wrote:

andy.partridge wrote:

Absolutely no transactions. I’m curious.

No, none at all, apparently. No bank charges, no depreciation, no bank interest (paid or received), no payment of (or adjustment for) the previous year's CT liability, no write-downs, no Companies House filing fees, no provisions movements, no MV adjustments. Nothing, nada, zilch. Apparently ....

This may help.

https://www.indifferentlanguages.com/words/nothing

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