I have a client that wants to wind up their Company. They have an overdrawn DLA of £5,000 at June 2019 year end. They went into this year end in credit so no historic s455 to consider. The capital and reserves of the Company is £18,000 at year end.
Can the Company be struck off, essentially leaving the DLA overdrawn, and the £18,000 be treated as a capital distribution? Or do I have to do anything with the DLA?
Thanks in advance for your help.