Rule 4 34-CVL The Insolvency Act 1986 Form 4 20 S.95|99 STATEMENT OF COMPANY'S AFFAIRS Pursuant to Section 95/99 of the Insolvency Act 1986 For official use Company Number \ 00878789 To the Registrar of Companies Company Number | GEES ELECTRICAL ENGINEERS LIMITED [Insert full name(s) and address(es)] |, J M Titley of Leonard Curtis, Hollins Mount, Hollins Lane, Bury, BL9 8DG, the Joint Liquidator of the above named Company, attach a statement of the Company's affairs as at 16 May 2013 —_— Signed oot Date 16 May 2013 Presentor’s name, address and reference (if any) For official use Leonard Curtis DTE House Hollins Mount Bury BL9 8DG For official use x 2 uw *A2S0TWER" A40 24/05/2013 #227 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of GEES ELECTRICAL ENGINEERS LIMITED on the 16 May 2013 being a date not more than 14 days before the date of the resolution for winding up Statement of truth | believe that the facts stated in this Statement of Affairs are true Full name bane, Gas Gobo Gere Signed. . . Dated. a LO F LF CVLMF418 06-04-10 GEES ELECTRICAL ENGINEERS LIMITED APPENDIX | DIRECTOR’S ESTIMATED STATEMENT OF AFFAIRS AS AT 16 MAY 2013 Book value Estimated to Realise Note £ £ £ £ Assets specifically pledged None 1 Nil Nil ‘ess Secured Creditor (Nia) (Nia) Surplus / (Shortfall) c/fwd Nil Nil Assets not specifically pledged Motor Vehicles 2 11,000 6,900 Debtors 3 8,322 6,658 Plant & Machinery 4 840 150 Fixtures & Fittings 5 900 200 Stocks 6 1,000 300 22,062 44,208 Preferential creditors Employee claims / ERA 2006 claims (est ) 7 (3,200) (3,200) Net property available for prescribed part 18,862 11,008 Less: Prescribed part calculation 8 (Na) Nia’ Avallable for floating charge creditor 18,862 41,008 Secured Creditor - Shortfall b/fwd 1 Nia} Nia Surplus/ (shortfall) - floating charge holder 18,862 11,008 Add back prescribed part 8 Nia N/a Avallable for unsecured creditors 48,862 41,008 Ordinary Unsecured creditors Employee claims / ERA 2006 claims (est ) 7 (6,400) (6,400) HM Revenue & Customs ~ PAYE / NI (est) 9 (58,600) (58,600) HM Revenue & Customs - VAT (est.) 9 (50,070) (50,070) Director's Loan Account 10 (13,400) (13,400) Trade and expense creditors (est ) " (13,688) (13,688) Total value of unsecured creditors (142,158) (142,158) (123,296) (131,150) Issued share capital (1,000) (1,000) Estimated deficiency as regards members (124,296) (132,450) 16 May 2013 GEES ELECTRICAL ENGINEERS LIMITED APPENDIX II NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS All book values have been taken from the Company's latest financial information or from valuations obtained from independent valuers It should be noted that the no provision has been made for the costs of preparation of the same, the costs of convening the meetings of members and creditors, agents’ costs or the costs and expenses of the Liquidation 1. Secured Creditors There are no charges registered against the Company 2. Motor Vehicles The motor vehicles have been subject to a valuation by independent valuation agents Charles Taylor. The book value has been taken from the Company's books & records and the estimated to realise value of the motor vehicles has been extracted from the valuation report for the purpose in the Statement of Affairs, Debtors The book vatue of the debtors has been provided by the director from the Company's books and records. The estimated to realise value has been wntten down by a general provision of 20% for the purposes of the statement of affairs. Plant & Machinery The book value and estimated to realise value of the plant & machinery has been extracted from the Company's books & records and from information provided by the director Fixtures & Fittings The book value and estimated to realise value of the fixtures & fittings has been extracted from the Company's books & records and from information provided by the director Stock The book value and estimated to realise value of the stock has been extracted from the Company's books & records and from information provided by the director Employee claims / ERA 2006 Claims The Company had employees who will be entitled to claim arrears of pay and holiday pay (subject to certain limits) from the Redundancy Payments Office (‘RPO”) (a goverment department). The RPO will then lodge a preferential claim against the Company in respect of the payments it has made Preferential claims have been estimated as shown in the statement of affairs. Employees will also be able to lodge redundancy claims and compensation claims as a result of not receiving statutory notice of redundancy with the RPO These claims will also be paid by the RPO (subject to certain limits), who will lodge an unsecured claim against the Company Ordinary unsecured claims have been estimated as shown in the statement of affairs 16 May 2013 GEES ELECTRICAL ENGINEERS LIMITED APPENDIX II NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont.) Prescribed part The Insolvency Act 1986 provides that, where a company has created a floatng charge after 15 September 2003, a prescribed part of the company's net property must be made available to the unsecured creditors and not be distnbuted to the floating charge holder except in so far as it exceeds the amount required for the satisfaction of unsecured claims. The method of calculabng the prescnbed part is given below Where the net property does not exceed £10,000 50% of that property Where the net property exceeds £10,000 50% of the first £10,000, plus 20% of the property which exceeds £10,000, up to a maxamum prescnbed part of £600,000 There are no floating charges registered against the Company and as such, the prescnbed part calculation is not considered applicable in these circumstances for the purposes of the statement of affairs H MRevenue & Customs — PAYE / Ni & VAT The net property in this case is expected to be less than the prescribed minimum and we consider that the cost of making a distnbution of the prescribed part in this case to be disproportionate to the benefits. Accordingly, we do not intend to set aside a prescnbed part in this instance 10. HM Revenue & Customs - PAYE / NI & VAT The liability to HMRC in respect of unpaid PAYE / NIC and VAT is based on estimates raised by HMRC. The outstanding liabilities for PAYE / NIC and VAT are in respect of the following penods PAYE /NIC — 05 April 2011 to 16 May 2013 - VAT- 31 January 2011 to 16 May 2013 1. Director's Loan Accounts The value of the director's loan accounts in relation to Sandra Gowlett has been provided by the director The amount shown should not be regarded as an agreed amount 12, Trade and expense creditors Details of the Company's trade and expense creditors have been extracted from the Company's books and records, A detailed list of these amounts has been provided at Appendix lil. The amounts shown shoukd not be regarded as agreed 16 May 2013 GEES ELECTRICAL ENGINEERS LIMITED APPENDIX Ill SCHEDULE OF CREDITORS See attached list Signed, ..4¢ Treas sesasvacaseeee 16 May 2013 Mr Simon Gowlett B - Company Creditors Page 4 Code Name & Address Amount of Debt C0001 BNP Paribas £2,219 00 3 Harewood Avenue London NW1 6JL 0002 Electrical Con ins Co £769 00 ECA Court 24 - 26 South Park Sevenoaks Kent TN13 1DU C0004 Palatine Construction £700 00 8 Palatine Road Blackpool FY1 4BT C0006 Sandra Gowlett £13,400 00 c/o 8 Palatine Road Blackpool FY1 4BT C0008 HSBC Bank Plc £10,000 00 Oxford Square 1 Newhouse Road Blackpool FY4 4YH cooo9 Redundancy Payments Office £3,200.00 83 Hagley Road Cobalt Square Birmingham B16 8QG C0010 Redundancy Payments Office £6,400 00 83 Hagley Road Cobalt Square Birmingham Bié 80G C0011 HMRC PAYE / NIC £58,600 00 Cumbemauld Glasgow G67 1YZ Signature G664Q * B - Company Creditors Page 2 Code Name & Address Amount of Debt c0012 HMRC VAT £50,070 00 Alexander House 21 Victoria Avenue Southend On Sea $S99 1AB TOTAL CREDITORS' CLAIM £145 ,358.00 Signatur Date [b-$ LU3 G664Q