So... you've incorporated a Ltd Company but haven't traded through it? Do you still have to file accounts with Companies House and HMRC?
Yes you do!
Unfortunately, if you don't file your accounts on time (even dormant accounts), you can face some pretty hefty penalties!
A limited company is deemed to be dormant if it’s had no 'significant accounting transactions' since incorporation, or since the last filing of accounts. In plain English, a company is dormant if it has not traded.
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