[joe.b]

Hey everyone, i'm going to admit straight away i rushed into absolutely everything and made a right pigs ear of it.

I've gone limited and i really dont think it is good for my business as it wont be earning alot of money and the extra paperwork sounds way to much hassle.

Firstly what would be the proper way of going about putting the limited company into dormant status.

Secondly, i know that you still have to file dormant accounts so when would i have to do this if the company was incorporated the 21st of May 2007

Thirdly, exactly what extra paperwork is involved in being limited and would there be any chance of me being able to do it.

And lastly, would it be possible to do my own accounts etc for self employed.

Thank you for any help that anyone can give me as im trying to sort this out without spending too much money.

Thank you

[Andy Foster]

I  know you want to save money, but it sounds like you need to talk to an accountant.
Some of the independants do a 'free half hour consultation' - they might be able to sort out your options in that time.

Good luck

Andy

[Paul-T]

I agree with Andy - get advice.

I am puzzled - you sound as if you're writing as if you're the only one in your company? I believe in order to start up/register as a limited company the minimum requirements are (amongst other things):

There must be one director and one company secretary. They can not be the same person unless there is another director. Basically there must be two different people appointed at all times.

So, what does this other person think about it?

Making a LTD company dormant involves a LOT time and work, I wish you the best of luck.

[Fox]

Hi

I am also a director of a ltd company and honestly it isn't that difficult.  You do need at least one director and a company secretary as Paul-T said but the secretary can be anyone and doesn't have to be involved in the business, they also don't have to have any sort of renumeration, a spouse or partner is usually the best bet, as you are already ltd I assume you already know this.

I belive all businesses need an accountant but I only use mine for end of year, corporation tax and personal returns, you will need an accoutant as a ltd company to produce your end of yr accounts and these must be filed with companies house 9 months after your end of year (so for you it would be Feb 22nd 08).  You will also need to complete a return every year to companies house, I do this myself on line for £15 and it is very straight forward, this is just to show if there have been any changes in your shares or the catergory your company operates under.  Visit companies house web site it's very useful.

But again as has already been suggested there are no substitues for an accountant, seek advice.

Fox

[joe.b]

Thankyou for all the advice, what sort of price am i looking at for all of that to be done roughly.

Thanks

[shelton]

Hi,

Agree with all the comments above.  Our last end of year accounts (which included doing my personal tax return) came to just over £200, if I remember correctly (haven't got my chequebook to hand!).

Hope this helps.

[Cleaning Resource]

200 quid, bloody hell that`s cheap my accountants bill last year was just shy of 900 quid

[shelton]

We,, our turnover ain't huge but I like to know everything is legal and above board (don't want any investigations now, do we .. .)

The amount of work they do is probably negligible for some of you guys, but I'd rather pay someone to do it right than risk not doing it properly myself.

Right, now to find those braces  . ... this belt feels a little loose . ..