Form 4 20 Rule 4.34-CVL The Insolvency Act 1986 Statement of Company's a Pursuant to Section 95/99 of the Insolvency Act 1986 For official use To the Registrar of Companies Company Number SSS83 73 7 Name of Company (a) Insert full name of company @ Totreeu ne SorriiE=> Limited sargasTde Irwotciny S (b) Insert full name(s) and address(es) We 0) /POWYEINSS FINID Corer 8B WKH OLD /7/CSON NG = SCEADOLC OT, FADIA Itt Bst.0 St. (c) Insert date the liquidator(s) of the above-named company attach a statement of the company’s affairs as ae) “FS RwWwELhVRBEK POs Signed FF Date JF-//-/ 24 Presenter’s name, address and reference (if For Official Use any) Liquidation Section Post Room Hn 10/11/2014 COMPANIES HOUSE Rule 4 34-CVL Form4 19 Statement of Affairs Statement as to affairs of Interline Supplies Limited on 7 November 2014 Statement of Truth |, Dean Taylor, Director (a) Insert full name and occupation Of Interline Supplies Limited, A1 The Laurels Business Park, Wentlog, Cardiff, CF3 2EW ‘“) Insert full address \Y Believe and say that the pages marked A and B exhibited hereto are to the best of my knowledge and beltef a full true and complete statement as to the affairs of the above named company as at 7" November 2014 Signed ea Dated 7 10 ~ ep INTERLINE SUPPLIES LIMITED DIRECTORS’ REPORT TO THE MEETING OF CREDITORS HELD PURSUANT TO SECTION 98-101 OF THE INSOLVENCY ACT 1986 HELD AT HAWKINS & COMPANY 115 MERTHYR MAWR ROAD BRIDGEND CF31 3NY ON 7™ NOVEMBER 2014 AT 11.30 AM INTERLINE SUPPLIES LIMITED CONTENTS Statutory Information Directors’ History of the Business and any other matters Statement of Affairs and creditors schedule Financial Information Deficiency Account INTERLINE SUPPLIES LIMITED STATUTORY INFORMATION Company Number 8583737 Date of Incorporation 25 June 2013 Nature of Business Trading addresses A1 The Laurels Business Park Wentlog Cardiff Cardiff CF3 2EW Registered office Hawkins and Company No 5 The Old Parsonage Redcroft Winters Lane Redhill BS40 5SL Share Capital Authorised and Issued 1 shares of £1 each Shareholding Dean Taylor 100% Appointed Directors Dean Taylor 25 06 2013 Secretary None Auditor None Chartered Accountant None Mortgages/Charges None registered INTERLINE SUPPLIES LIMITED DIRECTORS’ HISTORY OF THE BUSINESS AND ANY OTHER MATTERS Background i had an tdea to set up a business selling alcohol to local businesses _ | thought it would be better to form a company After a few months | had to take a second job and was working away from home so no business was done during this period | did not have a bank overdraft or any loans or any personal guarantees The rent was £4,600 every 6 months and it ts patd up to date | realise now that | should have had more knowledge of the type of business | was carrying out and when HMRC came and took away all my stock | had no alternative other than to cease trading and because of the lack of trade there is no way that | can pay HMRC the sum of money they now require from me On the night following HMRC's visit my premises were broken into and all my computer equipment and paperwork was stolen Insolvency Advice In October 2014, the directors sought advice from Hawkins and Company, who confirmed that Interline Supplies Limited was insolvent within the meaning of s123 of the Insolvency Act 1986 and should be wound up Subsequently a meeting was held on the 21st October 2014 and the appropriate notices were signed and dispatched to members and creditors Cost associated with the liquidation A fee of £6,000 plus VAT and disbursements has been agreed with Hawkins and Company for assisting in the preparation of this report and the Statement of Affairs and convening meeting of members and creditors Other Matters This report and Statement of Affairs has been compiled by Hawkins and Company from the information provided by the directors and has been approved by the directors for circulation Ba — Dean Taylor Dated 7" November 2014 INTERLINE SUPPLIES LIMITED A Estimated Statement of Affairs as at 7" November 2014 Notes Book value Estimated To realise £ £ Estimated Summary of Assets Tangible assets Short leasehold Fixtures, fittings and equipment Plant & Machinery etc Nil Nil Intangible assets Book debts Stock/tooling Nil Nil Cash Estimated total assets available for preferential Creditors Ni Summary of Liabilities Preferential creditors — unpaid wages & holiday pay Nil Estimated surplus as regards preferential creditors Unsecured claims Trade and expense creditors as per schedule B 17,676 Notice and redundancy pay HM Revenue & Customs, PAYE and VAT 306,859 HM Revenue & Customs, Corporation tax Landlord Estimated deficiency as regards creditors 324,535 Issued and called up capital 1 Estimated deficiency as regards members 324,536 Subject to the costs of Liquidation INTERLINE SUPPLIES LTD. B Schedule of Creditors Name of creditor Address Estimated Or claimant (with postcode) Claim £ Cardiff County Council PO Box 9000, Cardiff, CF10 2WD 5,676 HMRC - VAT Mr Martin Tossell, HMRC, Cnminal Taxes Unit, 306,859 $0842, PO Box 198, Bootle, L69 9AF | Dean Taylor 54 Ferntree Drive, Cardiff, CF3 OAA 12,000 we | 324,535 — Summary Trade creditors 17,676 PAYE & VAT 306,859 INTERLINE SUPPLIES LIMITED FINANCIAL INFORMATION Unaudited a/c’s | Unaudited a/c’s y/e y/e 30/04/2011 30/04/2012 £'000 £000 Turnover Net profit before tax Taxation Dividends Director's Remuneration Profit and loss account NO ANNUAL ACCOUNTS OR MANAGEMENT ACCOUNTS HAVE EVER BEEN PREPARED FOR THIS COMPANY INTERLINE SUPPLIES LIMITED DEFICIENCY ACCOUNT Notes Balance on Profit & (Loss) account 30 April 2012 Less assets written down on Statement of Affairs: (Nil) on liquidation: Less matters arising None Nil (Nil) Total Deficiency to creditors (324,535) Balance being apparent trading profit in period 30" April 2012 to 4 March 2013 Total Deficiency per the Statement of Affairs (324,535 Share capital (1) Total Deficiency to members (324,536) NO ANNUAL ACCOUNTS OR MANAGEMENT ACCOUNTS HAVE EVER BEEN PREPARED FOR THIS COMPANY