About the Scottish dormant private company limited by shares package
In any given period, a company is dormant if it does not carry out any accounting transactions, disregarding the following: -
1. The payment for membership issued on formation of the company;
2. The fee paid to Companies House to change the company's name;
3. The fee paid to Companies House on filing an annual return;
4. The payment of a civil penalty for late filing of accounts.
Dormant companies must file the dormant accounts with Companies House and Inland Revenue. If a company commences trading or carries out any transaction (other than those listed above) then it will cease to be dormant and normal company accounts will have to be filed.
Who is this package for?
Our dormant private company limited by shares formation package is ideal for those, who will use a dormant company for the following purpose(s): -
1. To protect a business name, or to be the owner of the domain name(s);
2. To own an asset such as land or intellectual property;
3. To hold shares of other companies' shares (including business entities registered in other countries);
4. To use an entity as the management company (property or business management purpose);
5. To use a dormant entity as the corporate director, shareholder, or as the secretary in other companies.
If your new limited company or organisation is not yet active - in other words, it is not yet carrying on business activity or trading - you will need to tell HMRC when it does become active.
Our dormant private company limited by shares formation package ensures you meet the statutory obligations as a director of the dormant company with the tax authorities and all governing bodies.
What services do you get?
Our dormant Scottish company limited by shares formation services include: -
1. The registration of a company (including the government fee for the incorporation of a company).
2. The provision of the registered office address for a dormant company in Edinburgh.
3. The provision of a nominee secretary to protect the director(s) responsibility.
4. The initial registration of your company as a dormant with the HMRC.
5. The provision of the tax agent with the HMRC.
6. The government mail forwarding to your own address.
7. The keeping your company registers at the registered office address.
8. The preparation of the annual return and year-end dormant account and its submission with the Companies Registrar and Inland Revenue (Tax Office).
Coddan offers the fixed fee for the dormant account package to private limited companies. Our professional accountants will take care of your dormant company account preparation and filing with the HMRC (Tax Office) for you. We will create the minutes of the directors and shareholders' meetings required to approve the dormant account.
With this package, we will also file an annual return for behalf of your company on time, and register the annual return with the Companies House. At the end of the financial year, we will also prepare and file your company' dormant account with the Companies House and the Inland Revenue (HMRC) for the next year.
We will also provide you an exclusive certificate of the dormant status of your company. Your certificate will be printed in an elegant format, sealed, and laminated, this document fully compliance with the Companies Act 2006 and Finance Act 2008.
Please be reminded that failed to file your dormant company account by the deadline given by Companies House, your company must pay late filing penalty of £150.00 for a day late, £375.00 if it is three months late and up to £1,500 if more than six months late.
What documents will you get from us?
The following documents will be sending via e-mail to you upon formation of your private limited company: -
1. The certificate of incorporation;
2. The memorandum & articles of association;
3. The first meeting of the board of directors;
4. The share certificate(s) and your company registers;
5. An agreement in between us and your company for the preparation of the annual return and the dormant accounts, and the indemnity letter;
6. The certificate of incumbency;
8. The certificate of non-trading (at the end of the year).
P.S. In the case if you will need to have more documents or more copies of your corporate documents from us, you can order them at a later stage.