I ran a small recruitment agency a few years ago but it hasn't been trading for about 2 years now. I want to get it struck off companies house but my accounts have net current liabilities of £2625 due to the shareholders funds being (£2625).
Originally I had an accountant prepare my accounts when I was trading but alas I have no income and so cannot afford to hire someone.
I believe this was something to do with a directors loan (I withdrew too much at one point or something similar).
The business has no creditors or debtors or other assets and other than this is a dead company.
Can someone please advise how I can clear this up before I apply to strike off - or can i just apply to strike off even with these liabilities?
Would have thought you would be OK. Write to HMRC explaining that the company hasn't traded for a couple of years, that you want to close it and there is no tax due.
Then complete a DS01, Can't see anyone getting too excited if the only creditor is the director.
some very good advice there from Nick (and a bit of pure Spam from Bryan... I'm still considering whether to ban his IP address).
The advice that I would give though for this question would be that you really need to ask your question on accountingweb as this site is predominantly for bookkeepers although we do have some very good accountants on board.
You are completely welcome here and ask anything that you like but I'm just thinking horses for courses and this question does fall firmly on the accountants side of the fence.
The question that you asked would be fine over on the other site. It's where people ask bookkeeping type questions more suited to this site that they tend to get savaged by the contributors over there.
Hope that this helps even though it isn't actually an answer in itself.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Thank You Nick for the answer - it kind of confirms what I was already thinking which is a good thing.
And Thank You Shaun, I have posted on accountingweb where I received the same advice as that posted by Nick so that confirms to me that this is the right route to head down.
Thanks again all, I have been worrying about this for ages!
I'll just send in the form and see what happens - I'm sure Companies House will let me know if there is a problem...
Just one piece of advice, there is nothing stopping you make a capital gains tax loss claim on the director's loan account. Who know's it may come in useful somewhere along the line.
