Voluntary strike off using form DS01 costs £13 online and removes a solvent company from the Companies House register, typically within 2 to 3 months once the Gazette notice period runs its course. Before applying, every tax bill needs settling and final accounts need filing, since HMRC can object to the strike off if either is outstanding.
We prepare final accounts, settle outstanding tax with HMRC, and file the DS01 application for companies closing down across Slough, structuring the final distribution of reserves in the most tax-efficient way available.
Distributions of up to £25,000 on closing a company are usually treated as capital and taxed under Capital Gains Tax, often at a lower rate than dividend tax, and may qualify for Business Asset Disposal Relief. Above £25,000, the entire distribution is generally taxed as income instead, unless a formal Members’ Voluntary Liquidation is used. Directors who simply withdraw the company’s final reserves without checking this figure first can end up paying considerably more tax than necessary. This is exactly why the closure method needs deciding before money is withdrawn, not after. We calculate which route suits your reserves before you take a penny out.
This service is for directors of solvent limited companies in or around Slough who are ready to close down.
We prepare your final accounts and Corporation Tax return, settling any outstanding liability before you apply to close.
We deregister the company from PAYE and VAT ahead of the strike off application
We prepare and file the strike off application once every condition for closure is met.
We calculate the most tax-efficient way to take the company’s final reserves, including whether a Members’ Voluntary Liquidation is worthwhile.
The DS01 application itself costs £13 online. Our fee for handling final accounts and the full closure process is quoted separately.
Typically 2 to 3 months from filing DS01, since Companies House must run a Gazette notice period before dissolving the company.
No, DS01 is only available to solvent companies with no outstanding debts or agreements with creditors. Companies with debts need a formal liquidation instead.
Distributions up to £25,000 are usually treated as capital, which is often more tax-efficient than income. Above that, income tax generally applies unless a Members’ Voluntary Liquidation is used.
Our team is part of Direct Assist Accountants' ACCA-regulated practice in Slough
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