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 03040802 Name of Company | rsa Catering Equipment Limited 1/We Gordon Smythe Goldie Allan David Kelly Bulman House Bulman House Regent Centre, Gosforth Regent Centre, Gosforth Newcastle upon Tyne Newcastle upon Tyne NE3 3LS NE3 3LS the liquidator(s) of the above named company attach a statement of the company affairs as at 17 July 2013 L r Signed 4 bf Date 17 July 2013 [ 7 COMPANIES HOUSE — Tait Walker Bulman House Regent Centre, Gosforth Ins % Newcastle upon Tyne a NE3 3LS Z in] *A2DAKLF6* = Br 24/07/2013 #199 Ref 11248/GSG/ADK/KP/AG/CH rn Software Supplied by Turnkey Computer Technology Limited Glasgow Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of Truscott Catering Equipment Limited on the 17 July 2013 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 Nh osea /. NeBae j} l, 20Vnr Ay! Signed Wi Mb wo Dated J7?- 7-13 Truscott Catering Equipment Limited Statement Of Affairs as at 17 July 2013 A - Summary of Assets Estimated to Assets Book Value Realise £ £ Assets subject to fixed charge: Leasehold Land & Property Improvements 460 00 NIL NIL NIL Lloyds TSB Bank (26,000 00) Deficiency c/d (26,000 00) Assets subject to floating charge: Plant & Machinery 10,944 00 NIL Furniture & Fixtures 393 00 NIL Stock 2,000 00 NIL Book Debts 36,179 00 34,370 00 Cash tn Hand/Petty Cash 10 00 NIL Cash at Bank 1,000 00 1,000 00 Uncharged assets: Estimated total assets available for preferential creditors 35,370 00 Mp, Signature bmn pate _ /7 -7-J)3 Truscott Catering Equipment Limited Statement Of Affairs as at 17 July 2013 A1 - Summary of Liabilities Estimated to Realise £ Estimated total assets available for preferential creditors (Carried from Page A) 35,370 00 Liabilities Preferential Creditors - RPO Arrears & Holiday Pay 1,785 71 Employee Arrears/Hol Pay 334 29 2,120 00 Estimated deficiency/surplus as regards preferential creditors 33,250 00 Debts secured by floating charge pre 15 September 2003 Deficiency b/d 26,000 00 7,250 00 Other Pre 15 September 2003 Fioating Charge Creditors NIL 7,250 00 Estimated prescribed part of net property where applicable (to carry forward) NIL Estimated total assets available for floating charge holders 7,250 00 Debts secured by floating charges post 15 September 2003 NIL Estimated deficiency/surpius of assets after floating charges 7,250 00 Estimated prescribed part of net property where applicable (brought down) NIL Total assets available to unsecured creditors 7,250 00 Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Trade Creditors 24,955 35 Employees - Redundancy, PILON, Arrears 4,900 00 RPO - Redundancy, PILON & Arrears 26,270 00 Directors Loan Account 63,000 00 HMRC - NI & PAYE 38,972 00 H M Revenue & Customs - VAT 50,430 00 208,527 35 Estimated deficiency/surplus as regards non-preferential creditors (excluding any shortfall in respect of F.C's post 14 September 2003) (201,277 35) Estimated deficiency/surplus as regards creditors (201,277 35) Issued and called up capital Ordinary Shareholders 100 00 100 00 Estimated total deficiency/surplus as regards members (201,377 35) Signature / iy 7,VA Date I Q- 7 Charge Schedule — Truscott Catering Equipment Limited Details of Security Name of Chargeholder Lloyds TSB Bank Pic Address High Street Gosforth Newcastle Upon Tyne NE3 1JQ Amount of Debt (at 17 July 2013) £26,000 Details of Security Debenture Date Security given 26 September 2000 Ana Signature im, la Vit. Date /? 7 7°13 Tait Walker Truscott Catering Equipment Limited B - Company Creditors Key Name Address £ CBO00 BT Plc Department W, Durham Trading Estate, Providence Roaw, Durham, DH] 1RR 118 93 CBO1 Mr Robert Brown 000 ccoo City Electrical Factors Hadrian Road, Wallsend, Tyne & Wear, NE28 6HS 256 47 ccol Cartec Service Unit 2, Vroom Car Retai! Park, Orton Business Park, North Shields, NE29 7SN 1,249 56 CC02 C P Motors (North East) Ltd Unit 15-16, South Nelson Ind Est, Cramlington, Northumberland, NE23 1 WF 1,071 61 CC03 Northampton (CCBC) 4th Floor St Katherine's House, 21-27 St Kathermes Street, Northampton, NNI 2LH 1,663 63 CC04 Commercial Catering Spares Ltd 5 Southgate, Green Lane, Heywood, Lancs , OL10 IND 000 CD00 Department of Employment Ladywell House, Ladywell Road, Edinburgh, EH12 7UR 000 CD01 DVLA Swansea, SA6 7JL 000 CE00 Europarts UK PO Box 140, Oldham, OL4 1BF 336 70 CFO00 Flamefast UK Ltd Unit 2 Labtec Street, Swinton, Manchester, M27 8SE 462 60 CH00 H M Revenue & Customs - VAT National Insolvency Compliance Unit, 12th Floor, Castle House, 31 Lisbon Street, Leeds, LS1 000 4Sw CHO1 Hobart UK Ltd 51 Tha Bourne, Southgate, London, N14 6RT 918 39 Ccl00 HM Revenue & Customs Insolvency & Securities, 3rd Floor, Euston Tower, 286 Euston Road, London, NWi 3UQ 000 clo! Inland Revenue NI Contribution Insolvency, Longbenton, Newcastle upon Tyne, NE98 1ZZ 000 cl02 Inter-Credit International Ltd 2nd Floor , South Point House, 321 Chase Road, Southgate, London, N14 6JT 000 CKOoO Knight Frank 9 Bond Court, Leeds, West Yorkshire, LS1 2JZ 1,031 54 CM00 MJO Property Services Limited 000 CNOO Northumberland County Council Revenues Section, Wansbeck Square, Ashington, Northumberland, NE63 9XL 7,261 00 CNOI Northumbrian Water Customer Centre, PO Box 300, Durham, DH1 9WQ 101 61 CNO02 Northern Counties Insurance NCI House , Lowreys Lane, Low Fell, Gateshead, Tyne & Wear, NE9 5JB 139 59 C000 Orange Payment Processing, Southend on Sea, SS99 6LU 1,022 00 CP00 P W Moody 25 Station Road, New Barne, Herts, EN5 1PH 000 CROO Restaurant Design Assoc Ltd 5 Apollo Court, Monkton Business Park, Hebburn, Tyne & Wear, NE31 2ES 8,290 08 CRO} Right Fuel Card Gibraltar House, Bowcliffe Road, Hunslet, LS10 1HB 340 51 CS00 Sage Group plc Sage House, Benton Park Road, Newcastle upon Tyne, NE7 7LZ 111 84 cso} Sigma Fabrication Ltd Potter Street, Willignton Quay, Wallsend, Tyne & Wear, NE28 6LS 41760 CS02 Sanders Plant & Waste Mgmt Ltd 40 Butterwell Drive, Pegswood, Morpeth, Northumberland, NE61 6YE 13277 CT00 Total Gas & Power Bridge Gate, 55-57 High Street, Redhill, Surrey, RH1 IRX 28 92 A some —//1hrem Page 1 of 2 IPS SQL Ver 2013 03 17 July 2013 10 58 Tait Walker Truscott Catering Equipment Limited B - Company Creditors Key Name Address £ CTO01 Trust Recoveries PO Box 3088, Southgate, London, N14 6BQ 000 30 Entries Totalling 24,955.35 Page 2 of 2 IPS SQL Ver 2013 03 17 July 2013 10 58 Truscott Catering Equipment Limited Notes to the Directors Statement of Affairs Dated: 17 July 2013 Plant and Machinery Plant & Machinery with a net book value of £10,944, as detailed in the management accounts to June 2013, 1s estimated to realise nul as all plant & Machinery has been seized by the landlord of the property Leasehold Land & Property Improvements Leasehold Land & Property Improvements with a net book value of £460, as detailed in the management accounts to June 2013, is estimated to realise nil due to the property being taken back by the landlord Stock & Work in Progress The directors have estimated the value of the stock and work in progress after taking into account the costs of completion and potential reservation of title claims Book Debts The Company’s books and records indicate gross book debts of £36,179 The directors estimate that after provisions for bad and doubtful debts, and counterclaims following the cessation of trade, that estimated book debts will realise £34,370 Cash at Bank & Cash in Hand Cash at bank (£1,000) and cash in hand (£10) as at June 2013 shows a credit of £1,010, this 1s estimated to realise £1,000 The bank may offset the funds in the current account against their outstanding loan of £26,000 under their fixed and floating charge This will be investigated by the liquidators following their appointment 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 leu of notice and redundancy pay rank as unsecured claims TAIT WALKER CORPORATE RECOVERY Truscott Catering Equipment Limited Report to Creditors Private & Confidential — Not for publication 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 Directors Loans The books and records show a directors loan account of £63,000 owed to the director The director has injected funds into the business over the past 12 months Prescribed Part The Prescribed Part (Section 176(A) of the Act) is 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 the 15 September 2003 only The Prescribed Part 1s calculated using a formula laid down in the Act as follows’ e 50% of the net property up to £10,000, © 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 the floating charge pre dates 15 September 2003 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 admisston 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. TAIT WALKER CORPORATE RECOVERY Truscott Catering Equipment Limited Report to Creditors Private & Confidential — Not for publication