a Form 4 20 Rule 4 34-CVL The Insolvency Act 1986 5.95/99 Statement of Company’s Affairs Pursuant to Section 95/99 of the Insolvency Act 1986 To the Registrar of Companies Company Number 03946364 4 Name of Company {a) Insert full name of company (a) Byford & Company Limited (b) Insert full name(s) ! Richard Rones ‘ and address(es) Of ThorntonRones Limited 311 High Road Loughton Essex IG10 1AH (c) Insert date the Liquidator of the above named Company attach a statement of the Company's affairs as at 24 March 2015 Sioned FULD Date 7C a {cen Presenter's name CVL320A/RJR/HS/SS/M 1188/0602 For Official Use address and reference (if any) Harnson Smith ThormtonRones Limited 311 High Road Loughton Essex (G10 1AH COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of. BYFORD & COMPANY LIMITED “ On 24 March 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 the affairs of the above named company as at 24 March 2015 Full name ThevoR Sorw Udwiwond Signed. 7 Dated 2¢(3 vA 137 Appendix A BYFORD AND COMPANY LIMITED ESTIMATED STATEMENT OF AFFAIRS AS AT 24 MARCH 2015 Notes Book Value Estimated to Realise ASSETS £ £ £ Goodwal! Uncertain 4000 Less Lloyds TSB Bank PLC (26/01/01) (193 000) (193 000) Surplus/Deficit c/f (193 000) (192,000) Motor Vehicles 11 637 11,637 Less Finance (8,637) (8,637) ‘Surplus c/t 3.000 3,000 Stock & Plant Uncertain 300 aw Office Furniture & Equipment 883 200 Motor Vehicles 27 559 4800 NOM Debtors/wIP 140,000 10914 Prepayments/Accrued income 71,298 Estimated Surpius/{Deficit) available to Preferential Creditors 242 740 19 214 Preferential Creditors Employee Entitlements - Arrears of Wages & Holiday Pay (6 183) (6 183) Available to Floating Charge Holder 236 557 413.031 Shortfall to Lloyds TSB Bank Ple - Brought Down (193 000) (192 000) Estimated surplus/(deficit) to non-preferentia! creditors 43,557 (178 969) Non Preferential Creditors Trade & Expense Creditors 292 345 292,345 Director's / Shareholders’ Loan 358 783 358,783 HM Revenue & Customs - VAT 1141 1,144 HM Revenue & Customs - CIS 8,685 8,685 HM Revenue & Customs - PAYE 11,798 11,798 Employee Entitlements 45 000 45 000 (717 752) (717 752) Estimated deficiency as regards unsecured creditors (674 195) (896 721) Share Capital - 1 000 Ordinary Shares @ £1 per Share (1 000) Estimated deficiency as regards unsecured creditors 897,721 sionaure _ 70,Ubaearal Mr Trevor Hammond om 24/3/15 BYFORD AND COMPANY LIMITED NOTES TO ESTIMATED STATEMENT OF AFFAIRS The Company's assets have been sutyect to a valuation by independent agents, Messrs AgentCite Limited for the purposes of the Statement of Affairs, it \s from this vatuation that the realisable vatues have been denved Goodwill The Goodwill has an estumated realisable value of £1000 This ts subject to a fixed charge held by Lloyds TSB Bank PLC created on 26 January 2001 Motor Vehicles The Company has two Encumbered Vehicles A 2009 Nissan Navarra Pick up Truck with a mileage of 117 000 miles ts subject to finance with Close Motor Finance Limited The valuation has allowed for a settlement figure of £3 370 The Vehicle has a personalised registration with an approximate value of £500 A 2012 Citroen Berlingo Van with a mileage of 48,000 miles 1s subject to finance with MW vehicle Contracts Limited An allowance has been made within the valuation for a settlement figure of £5 266 Stock & Plant The book value has been taken from the accounts for the year ending 30 November 2012 Stock which consists of vanous matenals and plant which consists of general building equipment has an estimated to realise value of £300 Office Furniture & Equipment The book value has been taken from the accounts for the year ending 30 November 2012 The assets which consist of general Computers desks and chairs has an estimated to realise vatue of £200 Motor Vehicies There are 7 unencumbered vehicles which had a book value of £27 559 in the accounts for the year ending 30 November 2012 As a result of the high miieage age and condition of these vehicles it is estimated that £4 800 will be realisable Debtors/WiP. The director has advised that the majonty of the debtors are of considerable age and are unlikely to be recoverable Messrs Agentcite Limited have been provided with a schedule of existing contracts requiring completion The valuation takes into consideration the level of works remaining costs to complete and estimated profit Prepayments/Accrued Income Other debtors listed in the accounts for the year ending 30 November 2012 consisted of prepayments and accrued income with a book value of £71 298 Employee Entitlements - Arrears of Wages & Holiday Pay Final employee claims are estimated The Company's employees are entitled to claim for any wage arrears accrued holiday pay, notice period entitlement and redundancy payments Of these claims wages up to £800 and all holiday ts preferential which means that these amounts have to be settled in full pnor to any other unsecured claims Any remaining claim ranks equally with all other unsecured creditors Trade & Expense Creditors. A schedule of the Company's creditors is attached at Appendix B 10 Director's / Shareholders’ The Director has injected the sum of £80,000 into the Company, by way of a directors Loan The Shareholder Mr Michael Norman has injected the sum of £278,783 by way of a loan A Maatlte 24/3/> WwW HM Revenue & Customs PAYE This represents the debt due for the penod ending 05-01-2015 and 05-02-2015 cis This represents the debt due for the penod ending 05-12-2014 05-01-2015 and 05-02-2015 VAT This represents Underpayments for the last Quarter 12 Fees and Expenses in prepanng the Statement of affairs no account was taken of the cost of holding meetings of members and creditors or the costs of hquidation The Company has agreed a fee of £6,000 plus VAT and disbursements in respect of assistance provided in the preparation of the Statement of Affairs and In convening meetings of the Company's members and creditors 00 091'r Faz 779 ‘eBpuquieo ‘puoysidweg ‘Wed UOIsMeS ‘pL UN pay Guipjaay ayeuD ZL SS8'L 3ZZ SNN ‘uo}dweupon ‘22275 XOg Od sayddng Buiquinig AID cL 0 WIL 9WO ‘xessy ‘mowung ‘ajejs3 jeuysnpul s6uojqoH 7 yup ony e6po7 suyD 00 BLL NPG 81g ‘weyBunuig ‘Aepoor ‘2872 OG Od sjonpold uegolUaYyD 91 OSZ'LE NSL LIND ‘xessy ‘ploJsWaYD ‘Jees}S yOOIg ‘esnoH yoOoqujeyD (B0uj}9a]3 PJojsUjayD 00 Ore Sz L1G ‘xessq ‘uo}Buippimy ‘peoy MO|OH ‘Jd Pues ey, PSI] JeyIG gy Led G2 6b NHL 8Wu ‘xessg ‘weyuebeq ‘eue7 seuljas ‘peoy ueddo5 popu] jeujsnpuy Jeyney eudieD 00 O9€ Dd0 BSS ‘xessq ‘aje}sy JeUsNpLy sjeayeyd ‘peoy aylyAA ‘ZZ WUN pay] Buiduing ayanu0g Asauesy 78 €89'L VVE SIND ‘xessg ‘mowung ‘Buiqqays ‘pug yoolg ‘ ued SAaj00]| ‘seiqels euL Pay] puoWWeH 9 PucjAg Ov 9eZ ge 9WO ‘xassy ‘mowung ‘eue] spobig ‘1eH spobig Z wu ‘sseouIGUy jeunjonys seyeioossy qyg 02 Z0¢'2 DLO 28a ‘0}sug ‘peoy Jepaey S/-7/ Dd SIH Uopueig 82 €Z0'L JGt ZW ‘xassy ‘ee.jureig ‘eaug uosWe} SHOAA JO}OW seujUIEIg LZ 189°2 ON ZWD ‘xessq ‘eaquielg ‘1818 X0g Od pay Joyxog 62 €19'22 ONL 9WO ‘xess3 ‘mowung ‘uojsweg ‘UdaId SAY S]JaAA ‘WY SprayUnmeyy paywiy aBeulesg pueq ueybuy 00 061'6 18S ZWD ‘xessy ‘sequiesg ‘bunjoog ‘smopeay; YyounyD / 1 paw yomyoNG peEuUOGqoW Vv Op SZ0'S1 NPL EW ‘xeSsz ‘pioyswjayd ‘WeYIEAA }EOID ‘JaeSg EMOH ‘Wey SIaWeAA ‘aBUeID ay, p ON poy SIBMOD Me 46 €8¢ dz LD ‘xessy ‘puojswjeyd ‘peoy piogysuley gg} poy] Burl We ¥ SYOLIGAYD GaYyNIAasNN ee 9 WLOL €st'9 UVP 9PM aysWEYBUNONG ‘AauIC ‘Jeass ISB “2d4YO "NOD s|javeg PAW] VYA OOAWd O/9 saeKojduiq SHOLIGAYD IWILNAY344aud 86 9€9'L0Z WLOL 86 99'S D3} rd ‘eulyspioyuey ‘paysweypieg ‘peoy eBpuquyoy ‘episjeued ‘Z| UN pay syoej UD ajIyeA AAW 00 oz¢e'e XNE €€d! 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