Form 4.20 Rule 4 34 - CVL The Insolvency Act 1986 Statement of Company's Affairs Pursuant to section 95/99 of the Insolvency Act 1986 For Official Use To the Registrar of Companies Company Number 02383010 Name of Company Extracta Products Limited Zi We Gordon Smythe Goldie, Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3 3LS Andrea Lynn Marshall, Buiman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3 3LS the liquidator(s) of the above named company attach a statement of the company affairs as at 16 June 2014 Signed 44 Ltr. Date___ 16 June 2014 Tait Walker _ For Official Use Bulman House Regent Centre, Gosforth Ref 1000423/GSG/LM/KP/NF/CH ane #294 Software Supplied by Turnkey Computer Technology Limited Glasgow COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of Extracta Products Limited on the 16 June 2014 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 Donny — Waccatet Signed _ Sn Dated We fiofiy Extracta Products Limited Statement Of Affairs as at 16 June 2014 A - Summary of Assets Estimated to Assets Book Value Realise £ £ Assets subject to fixed charge: Assets subject to floating charge: Uncharged assets: Plant & Machinery 338 00 3,010 00 3,221 00 485 00 Furniture & Equipment Motor Vehicle 7,163 00 5,000 00 Book Debts 4,546 03 4,000 00 Cash at Bank 9,849 49 9,849 49 Estimated total assets available for preferential creditors 22,344 49 Signature Date \ vf | Iu, Extracta Products Limited Statement Of Affairs as at 16 June 2014 Ai - Summary of Liabilities Estimated to Realise £ Estimated total assets available for preferential creditors (Carried from Page A) 22,344 49 Liabilities Preferential Creditors - RPO Arrears & Holiday Pay 5,880 05 Employee Arrears/Hol Pay 3,019 12 8,899 17 Estimated deficiency/surplus as regards preferential creditors 13,445 32 Debts secured by floating charge pre 15 September 2003 Other Pre 15 September 2003 Floating Charge Creditors NIL 13,445 32 Estimated prescribed part of net property where applicable (to carry forward) NIL Estimated total assets available for floating charge holders 13,445 32 Debts secured by floating charges post 15 September 2003 NIL Estimated deficiency/surplus of assets after floating charges 43,445 32 Estimated prescnbed part of net property where applicable (brought down) NIL Total assets available to unsecured creditors 13,445 32 Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Trade Creditors 17,473 48 Employees Arrears/Holiday 6,010 29 RPO Redundancy/Pay in lieu 91,457 78 H M Revenue & Customs PAYE/NI Cont 1,971 84 H M Revenue & Customs - VAT 4,233 28 121,146 67 Estimated deficiency/surplus as regards non-preferential creditors (excluding any shortfall in respect of F.C’s post 14 September 2003) (107,701 35) Estimated deficiency/surplus as regards creditors (107,701 35) Issued and called up capital Ordinary Shareholders 10,000 00 10,000 00 Estimated total deficiency/surplus as regards members (117,701 35) Signature S— = S Date tof of 1 Sb 60 PLO auTY 91 40 €107 2°A TOS Sdl ZJo 1 a8eg amyeusig AN8 00 0ZI LNS ‘Uoxe ‘uopsuuey “feA atp ut progurig Yearg prey ‘ yseg ssousing 8sI0H SITY “pt UE) CZ 66S PIT d VN ZOND VVP ITS ‘anysyi9g ‘Ysnojg ‘peoy Neg 69] OMAN, Te S97 TOND OS6 PD ‘moBse[H Gang Aoupoy co SON 00ND 80 16 LOS LES ‘lois ‘a1eA sq puy sayooeg ‘peoy Aapioneyy ‘ p+ 7 SUN, PYT CAN) onset NePOPy COWS 00 69€ “LZ 9XH ‘HOA AM ‘e8puig Aquamog ‘peoy Aajumg ‘syzo/y 3S909 [0H] “p 11U, YT Suaystury [eIaW O+N I0WD 0@ 049 AAT EAD HIPILD “ory Booyuan Wed ssoutsng aesjseq ‘9-p wun, PYT YOS % SyOOppeAW LH ooWD bp SIEE CAE ELAN Fea % BUA] ‘opseomon ‘apiskend Zl ‘dA TT wer way O/D yueLy ws 0049 00 00€ OS? 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H & H James Sutherlands are members of the National Association of Valuers & Auctioneers. Plant and Machinery Plant & Machinery with a net book value of £338 as at July 2013 is estimated to realise £3,010 on a forced sale basis. Office Furniture & Equipment Office furniture and equipment with a net book value of £3,221, 1s estimated to realise £485 on a forced sale basis. Motor Vehicle A motor vehicle with a net book value of £7,163 1s estimated to realise £5,000 on a forced sale basis. Book Debts The Company’s books and records indicate gross book debts of £4,546.03. After provisions for bad and doubtful debts, it is estimated that the book debts will realise £4,000. Cash at bank This amount relates to cash remaining in the company’s pre appointment bank account. Employees Employees of the Company have claims for arrears of pay, holiday pay, pay in lieu of notice and redundancy pay, as appropriate, following the termination of their contact. Both arrears of pay and holiday pay rank as preferential claims subject to statutory limits. Amounts in excess of the statutory limits together with pay in lieu of notice and redundancy pay rank as unsecured claims. Employee claims have been estimated based upon information available at present. Certain of the employee claims will be discharged through the National Insurance Fund, =. and the fund will have subrogated claims for any amounts paid to the employees. TAIT WALKER TURNAROUND AND INSOLVENCY Extracta Products Limited Report to Creditors Private & Confidential — Not for publication Prescribed Part The Prescribed Part (Section 176(A) of the Act) 1s a proportion of floating charge asset realisations, net of costs, which are set aside for the benefit of unsecured creditors. The Prescribed Part applies to floating charges created on or after 15 September 2003 only. The Prescribed Part is calculated using a formula laid down in the Act as follows e 50% of the net property up to £10,000, e 20% of the net property in excess of £10,000; e Subject to a maximum amount of £600,000. The Prescribed Part 1s not applicable in this instance as there is no Qualifying Floating Charge holder Trade & Expense Creditors The amounts due to trade and expense creditors are taken from the books and records of the Company, and are stated inclusive of VAT. Inclusion does not constitute an admission that there is now or has been in the past any legal liability upon the Company of the whole or part of the amount shown. General The Statement of Affairs does not include any provision for the costs of administering the Liquidation. A&M TAIT WALKER TURNAROUND AND INSOLVENCY Extracta Products Limited Report to Creditors Private & Confidential — Not for pubhication