OK, weirdy one for me, this... I have a company that has not traded for years. It did trade before I took over as accountant, and since then I have submitted NIL accounts and CT600 - because there were assets on the BS.
Now the client wants to close this down, so I want to prepare final set of accounts, ready to apply for striking off after submission. I want that strike off to go without a hitch!
I can write out the assets and show a loss on disposal (that's appropriate treatment) but I am not sure what to do then do about the debit PL reserve brought forward, and the credit DLA.. Can I just leave it as is, and apply for strking off after these accounts are submitted? I am under the impression I have to write the creditors down to NIL
Here's the figures:
Loss for the year - £494.95 (will add back in CT600 comp, and no tax will be due - small loss brought forward will get wasted)
Assuming the DLA is also the shareholder would just go ahead close down. Hardly going to object.
Would also send the DS1 form to HMRC to keep them in the loop as they are the only ones likely to object.
I have a client who signed off their accounts today who has the exact same situation as yourself. Credit on the DLA and Debit on the P&L reserve. Will submit accounts and CT return tomorrow, get them to sign the DS1, then send to HMRC and Companies House and 3 months later the company will be gone.
