How to file dormant company accounts

If your company has had no significant accounting transactions during the financial year, it may qualify as 'dormant'. Filing dormant accounts is much simpler than a full tax return, but it remains a strict legal requirement.

What Qualifies as Dormant?

A company is dormant if it has had no 'significant' transactions in the accounting period. Significant transactions exclude fees paid to Companies House, penalties for late filing, and money paid for shares when the company was incorporated.

Common Mistakes Regarding Dormancy

Many directors mistakenly believe a company is dormant just because it didn't make a profit. This is incorrect. If you paid bank charges, earned a few pence in bank interest, paid for a web domain, or bought any inventory, your company is NOT dormant and must file full annual accounts.

The WeFile Dormant Flow

To file dormant accounts via WeFile: 1) Start a new filing and select your company. 2) Enter the correct accounting period. 3) Toggle the 'Dormant Company' switch to ON. 4) The system will bypass the standard Profit & Loss inputs and present a simplified balance sheet reflecting your company's dormant status.

Submission

Once reviewed, WeFile will automatically format the data to meet both Companies House and HMRC standards, transmitting the dormant notification securely. You will receive an immediate confirmation once accepted by the gateways.