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Year End Accounting
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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)