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  • Closing Down a Limited Company With No Income For Years

    My brother and I have a limited company in the UK we wish to shut down as cheaply and easily as possible. The company has had no income for years. Our accounting date has just gone on the 31st of March and we still need to submit accounts with zero income as normal. We have some old colour printed boxes that were on the accounts as stock at cost of production at £2000. These have no value which we are going to put in our local tip. We are going to mark that down to £0 on our accounts? My brother and I as directors have given the company money, which it obviously owes us, but we want to write that off. Our company owes nothing to any one else. We have no bills, no business premises, no web site, no assets like computers, nothing. We have a company bank account with only £30 in it which we gave the company as directors to pay the yearly Company House fee. We have set the close date of 31st of March 2025, which is the last day of our 2024 to 2025 accounts. So what do we need to do to fully shut this company down?