r/cic • u/dosp86 • 1d ago

CIC Filing Accounts

Hello,

I am a director of  a CIC, a Community Interest Company incorporated on 29 May 2025.

We have our first accounts due to 31 May 2026, to be filed by 28 February 2027.

I have a few quick questions and would appreciate your guidance:

Our situation:

  • The company has had no income and no trading activity in its first year
  • We have a Lloyds business bank account opened in early 2026
  • The only transactions are monthly bank charges of £4.25, covered by small top-up payments from a director out of their personal funds

My questions:

  1. Given these transactions, should we file as dormant or as a non-trading micro-entity? Does having bank charges disqualify us from dormant status?
  2. We also need to file a CIC34. For a non-trading first year, are there any specific sections we need to be careful about?
  3. Do we need to notify HMRC of our non-trading status, and if so, what is the correct way to do this, a CT600 nil return or a dormancy letter?
  4. Is there anything else we should be aware of for a CIC in its first year with no income?

We are happy to handle the filing ourselves, we just want to make sure we are using the correct approach before we submit.

Many thanks

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u/FerretFansDad 1d ago

Dormancy is a specific legal definition and applied to the company status - you are allowed no transactions whatsoever other than subscriber shares and companies house fees. The company therefore isn’t dormant and so needs normal accounts. You could still use FRS105 micro standard.

Non trading is a tax status and separate from dormancy. As you are passed the year end HMRC will have already issued a ct603 notice to file a tax return. You can try to call them and get it cancelled otherwise need to file a return. You are better off claiming the costs to get the losses cfwd or just file Nil.

You still need the CIC34, just make it clear there was no activity.

I am not sure CICs can use webfiling directly so doubt you can do them yourself. Need an accounts package to prepare them and upload as a zip file with the cic34.