Form DS01 is used to voluntarily dissolve your company and this form is sent to Companies House. A notice is then placed in the Gazette, which publicly advertises your intention to close down so that creditors can object if necessary.
If there are no objections, your application will go through, and the company name will be removed from the register, typically two months after the Gazette notice has been placed. Depending on the size of your business you may need to do some or all of the following before making your application:
Sell your business assets
Before striking off you must sell or transfer all your business assets out of company ownership. Any remaining once the company is struck from the register becomes the property of the Crown under a rule of law known as ‘bona vacantia.’
File company accounts and other paperwork
Submit your final accounts and your company tax return, as well as pay any tax liabilities that fall due. If you’re registered for VAT you’ll need to apply to deregister with HMRC.
Staff issues and payroll
If you employ staff, deal with redundancies where appropriate. Also, contact HMRC to close down your payroll function.
Pay remaining debts and close company bank accounts
Once you’ve paid all outstanding creditors and closed down utility accounts and other services the business used, you can close your company bank accounts.