Hi Emily,
You would prepare your accounts with a statement instead of the P/L stating that you had no transactions in the period.
You would still need to show a balance sheet which will probably show (assuming you incorporated with £1)
Assets
Debtors - £1
Equity
share capital - £1
I assume your business is a micro-entity (based on no transactions and presumably no employees)
This would mean your accounts should be prepared under the correct standard - I would check out this page (think they may have example accounts somewhere)
https://www.gov.uk/annual-accounts/microentities-small-and-dormant-companies37
Hope this helps & good luck with the... (More)
