Do you find yourself switching off when your Accountant starts talking about balance sheets, drawings and working capital?
Avanti Accountants aim to speak with our clients in plain English, ensuring that when it comes to your accounts you’re switched on.
This week we are asking, what is Dormant?
Dormant – Where a company has not traded at all during a year. There is therefore no profit and loss account, and
the balance sheet at the beginning and end of the period is exactly the same.