Is my company dormant, and which accounts do I need?
"Dormant" means one thing to Companies House and another to HMRC. You may be dormant for one and not the other.
Dormant for Companies House
Your company is dormant if it had no significant transactions in the financial year. These do not count as significant: filing fees paid to Companies House, penalties for late filing of accounts, and money paid for shares when the company was formed.
If this is you, choose dormant accounts. You still have to file accounts every year.
Dormant for Corporation Tax
HMRC usually treats a company as dormant if it has stopped trading and has no other income, such as investments, or if it is a new company that has not started trading. HMRC may write to say it treats your company as dormant. If you have already filed a Company Tax Return, or HMRC has sent you a notice to file one, you still have to file a return.
Yearfile's £10 price covers dormant accounts for Companies House. [Draft note: OWNER TO CONFIRM AT G4: whether a dormant company's nil Company Tax Return is also in the £10.]
Micro-entity accounts
Choose micro-entity accounts if your company traded and is small enough. A company is small enough if it meets at least two of three limits for the year: turnover, balance sheet total and number of employees. For years that start on or after 6 April 2025 the limits are turnover of £1 million, balance sheet total of £500,000 and 10 employees. [Draft note: CHECK before publishing: L1 took these from SI 2024/1303; read the legislation.gov.uk text again on the day.]
If your company is too large, or is a kind of company that cannot use micro-entity accounts, we cannot file for you. See what we cannot file.
Not sure? Ask an accountant. We do not decide which accounts your company should file.