Form 4 20 Rule 4 34-CVL The Insolvency Act 1986 Statement of Company's Affairs Pursuant to Section 95/99 of the $.95/99 Insolvency Act 1986 For official use u To the Registrar of Companies Company Number [02754668 Name of Company (a) Insert full name of company | Electratest Limited (b) Insert full name We, Lisa Thomas and David Kirk, of and address Neville & Co 1 Buckland House 12 William Prance Road Plymouth International Business Park Plymouth PL6 5WR (c) Insert date the liquidator of the above named company attaches a statement of the company’s affairs as at 29" January 2015 Signed Date 29" January 2015 v/a Presentersname, = For Official Use fen address and reference Liquidation Section Post Room (if any) Rule 4.34 Form 4.19 Statement of Affairs IN THE MATTER OF ELECTRATEST LIMITED And IN THE MATTER OF THE INSOLVENCY ACT 1986 Statement as to affairs of ELECTRATEST LIMITED On the 29" January 2015 the date of the resolution for winding up Statement of Truth | believe that the facts stated in this statement of affairs are a full, true and complete statement of affairs of the above named company as at 29" January 2015 FULL NAME STEPHEN DUGDALE ADDRESS LANNER INN, THE SQUARE, LANNER, REDRUTH CORNWALL, TR16 6GEH Signature ' Date 290115 , A— Summary of Assets Book Estimated to Assets Value Realise £ £ Assets subject to a Fixed Charge:- None Assets subject to a Floating Charge:- Uncharged Assets 4,800 4,800 Cash at Bank 100 100 Stock 0 3,400 Office Equipment Estimated total assets available for preferential creditors £ 4,900 8,300 | Signature Date 29 01 15 At — Summary of Liabilities Estimated to Realise £ Estimated total assets available for preferential £ creditors (carried from page A) 8,300 Liabilities Preferential creditors (holiday and arrears due) (11,084) L Estimated deficiency as regards preferential creditors (2,784) Estimated Prescribed Part of Net Property (to c/f) N/A Estimated total assets available for floating charge holder (2,784) Debts secured by a floating charge 0 L Estimated deficiency of assets after floating charge | (2,784) Estimated Prescribed Part of Net Property (b/d) | N/A Total assets available to unsecured creditors Trade and Other Creditors 48,745 HM Revenue and Customs (VAT) 4,324 Director's Loan Account 83,000 (136,069) Estimated deficiency as regards non-preferential creditors (138,853) (excluding shortfall to floating charge holder):- N/A Shortfall to floating charge holder (b/d) | Estimated deficiency as regards creditors (138,853) Issued and called up capital - N/A Share Capital 100 Estimated deficiency as regards shareholders (138,953) Signature . Date 290115 €9 60 S102 Asenuer 6z 40 £102 198A 10S Sd 440 | aBeq aunjeubig SP'esL'ZbL Buyyeyo! seuquy yy 96 78 YV6 ESN ‘aud, uodn ayseoman Wed YON PIT O1N) eBes 00so LL 989'%S rr9 OLg ‘weybuiig ‘pZ~St xog Od BO sjuswAeg Aouepunpey 00uo 000 AHS OL YL ‘EMO ‘ynupay ‘euUeT JOO; JauUeT ¢ JaAl|Q UYOr pseyory, 0009 000 NVZ LVS ‘Vaqien ‘aenbs yaysey | ‘Yoqen yueg O€SH SOHO 000 AAL 860g ‘Puoypesg (3AVd) Swojsng 9 enueAey WH vOHO 000 xassng ise ‘uoyybug WH juabay LL ‘aSnoH UMOID) ‘ealy X8SSNS ‘asOus BWeUSY (dyo9D) SWO)SND PY snuaasy WH £0HO by bZe'p OV} S21 ‘joodsanry ‘JaaNg sawer ‘asnoy ueibay ‘100)4 WS (1A) Swojysng 9 enuendy WH Z0HO 000 NAY PUL ‘eMWOD ‘YyUpey ‘euUeT ‘IIH |adeyd ‘e}sa19 WIMAH epudy, LOHO 000 Yaz LLL ‘IEMUIOD 'ynowe4 ‘enueay eusdelg |Z) Jahiy akes, 0049 00 090'2 H39 OLYLL ‘IeMUOD ‘Yyyrupay ‘euUe7 ‘aJenbs ay PIT IS8AA UNOS pue sajen ysayenoa|y 0049 00 000'e8 NGO OPH ‘EMWOD ‘WNpay ‘seuUeT ‘IIH |adeyo ‘e\sa19 ajep6ng eaais z0aGo HS6 000 OZHL ‘lemMulog ‘spues eeld ‘aue] yorsuaBuad ‘ped Aepijoy spues eel ‘saung SUL 6p Aemeyieq SUeW-suuy, Wola le) 000 NGS OLA ‘WeMuUsoD 'YNIpey ‘JeuUeT ‘IIH [edeyD ‘eysaD ajep6ng anajs,, 00a0 000 818 CLL ‘IEMWOD ‘uo}s|a} ‘senpjeams pL Jayouy ye; seydoysuyo, oovo 3 ssoippy owen kay siojipelg Auedwos - g P}7 389}e.399/5 OD 8 SIIAON Electratest Limited (Company Number (02754668)) NOTES TO THE STATEMENT OF AFFAIRS 1 The Statement of Affairs form is subject to the costs of winding up. 2 The inclusion of any creditor does not constitute an admittance of their debt — all claims are subject to formal adjudication Assets Cash _at Bank The company had a balance of £4,800 which has been transferred to Neville and Co Neville and Co are holding this in their chent account on account of their pre liquidation costs. Stock and Office Equipment The company owns various items of stationery, office furniture, cornputers, monitors and a fax machine Liabilities Preferential Creditors This relates to estimated employee claims in respect of holiday pay arrears of wages due Floating Charge According to Companies House records, HSBC Bank (“HSBC”) has a Floating Charge registered however it 1s understood that the Bank ts not owed anything by the company and therefore the assets disclosed in Statement of Affairs have been treated as not subject to a floating charge Unsecured Creditors Trade and expense creditors are estimated to total £136,069 included in this figure 1s 1 An estimated debt of £4,324 due to HM Revenue & Customs in respect of VAT 2 A debt due to an associated company (Electratest Wales and South West Limited) of £7,060 3 A Directors Loan account for £83,000 Shareholders The net shortfall to creditors ts £55,853 By adding the issued share capital of 100 ordinary shares there !s an estimated deficiency as regards members of £55,953 Prescribed Part Section 176A (2) of the Insolvency Act 1986 (‘The Prescribed Part’) reserves a part of the assets for unsecured creditors This section does not apply to this case as it only applies when a company has granted a floating charge after 15" September 2003 and tn this case it is belteved that there 1s no longer a debt due under HSBC's debenture per above