Rules 4 34-CVL The Insolvency Act 1986 Form 4 20 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 [ 8607085 | Name of Company (a) Insert full name of (a) Quality Discount Furniture And Beds Limited company (b) Insert full name(s) We, (b) Anthony Josephs Linda Fansh and address(es) Gosforth Park Avenue Gosforth Park Avenue Newcastle upon Tyne NE12 8EG Newcastle upon Tyne NE12 8EG the Liquidators of the above named company, attach a statement of the company’s affairs (c) Insert date as at (c) 15 August 2014 Signed ! Wy on Date IS. Pag Presenter's Anthony Josephs name, address Linda Farish and reference (if RMT Accountants & Business Advisors Liquda iS any) RMT, Gosforth Park Avenue 4 Newcastle upon Tyne NE12 8EG x Laosoo « *A3EELG7F* A06 16/08/2014 #74 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs QUALITY DISCOUNT FURNITURE AND BEDS LIMITED Statement as to affairs of Quality Discount Furniture And Beds Limited on the 15 August 2014 being a date not more than 14 days before the date of the resolution for winding up Statement of Truth t believe that the facts stated in this Statement of Affairs are true Full Name Mrs Tracey Watson Signed TE ALQFEN. Dated IS-S- Y Signature. Date A - SUMMARY OF ASSETS Book Value Estimated to Realise £ £ Assets Subject to Specific Charge Assets Subject to Fixed Charge Assets Subject to Floating Charge Assets not Subject to Charge Cash on Hand 4,750 1,750 Computer Equipment 35 35 Refund Due 361 361 Available to preferential creditors 2,146 2,146 Signature__ “7 UN 74 La Date AS™ EALY A1 - SUMMARY OF LIABILITIES Estimated to Realise £ £ Estimated total assets available for preferential creditors 2,146 Liabilities Wages (800) Holiday Pay (599) (1,399) Estimated Surplus (Deficiency) as regards preferential creditors 747 Estimated total assets available for floating charge holders 747 Floating Charge Claims ie) Total assets available to unsecured creditors 747. Unsecured non-preferential claims Associated Creditors (20,350) Banks/Institutions (3,636) Employees (6,657) HM Revenue and Customs (14,350) Trade and Expense Creditors (19,056) (64,049) Estimated Surplus (Deficiency) Unsecured creditors (63,302) Share Capital Ordinary (100) (100) Estimated Surplus (Deficiency) as regards members (63,402) Signature FUohan Date IS” & Sp Ares ayeq GIVI aimeubis 000 19 668 YS 1S Spse7 sue] Jaye, ‘90e)q Jayemebpug ‘d 71 spayssang 0/9 PT HN LNL payuuiy 000 08 6SS HS| OL@@ auiuseoue) Agung ‘jaaqg UNeYy ‘IIIW] eSOsWd | (UOS|eN) SWeeIg }eeMs qlounod 000 000 (86 SUS puevapuns aqua IINID ‘GLL XOg O d ‘}deq SyeunsealL Aig pueyapuns paywiy 000 Or 28 XLO 028 YoIMUWOIg JSENA 1203S MeYS sq pul dos IIH BL Wun s6ulysiuin4 aueseg dd| LEAN JeaM 000 06 06¢'9 9 aud] uo}Bulyseng aje}sy [eLysnpul Buoysuy peoy uIyUog ZL HUN oo (WW) [BBYSIW ‘swes BIAS 00 0 000 x12 zg weybuiwuig ggggl xog Od | s}uewAeg Aouepunpay 000 00 91z'z XX6 P1g UOyOG YOMUIeY ‘PEOY [IIH GUIS ‘OqQUuaD JUOWAbeUeW paso | ApiMppop~A Go10J[aOIeq 000 LZ lv AM6 LHQ weuing OO” XOd Od JayeAA UBLQUUNULON py] Aougjunosoy 000 vd vEs'L FHS 8H weying 0D Yesuog ‘peoy Aajswopay) 2Z que 3 Aeuinyy 316 ZEON auiysweybuijon 000 00 662'Z Ploysy-ul-Aqndiy ed ssauisng sue] Wed ‘asnoH yuNUag py] uamog uelne 000 00 O81 INL ZGH PIeysIappNH Aa|peig ‘peoy uoNeys ‘asnoH ssaidxy eunyluin.j ydesor 000 S¢ SEL 436 Z1S1 SPp897 peoy IEYSHYM 9Z ‘0S7 XO Od Buiysiqng vosuyor 7Z\/ 864N 2UA] Uod/ aseomMaN UdjUSeqBuo7 MaiA Weg Ud]UEg SWIo}snD 000 Zv O€6 @SNOH YWOMAeAA ZOZEdA Wooy UN Bul|puey swie)D Aouanjosul pue snuaaey WH MSr¢ 1$7 $p397 SWO}SND 000 6y GLY'eL J294JS UOgsT] ‘@SNOH alseD ‘JOo[4 UyZ ‘uP soueldui0D Aouaajosul 9 enuaAZY WH swoysna 000 000 HNE LAAN Yopuo] peoy UOJsNZ 9gZ ‘JaMO] UO}SNZ JOO]J PE 9 anusAeyd WH pry (eimpuiny) 000 02 692 dfZ 810 weypio aue7 eMfauoH sy pul areibjeg si9yjolg UOSJEH ade 000 00 00€ ELOM Ie4UaTiM Aen sayouig ‘asnoy poomjsalg ‘ydaq [OUD WPesD ywBies4 Xa Py] SJUaWUSSAU| 000 000 MO} ZS1 YSnoiqsajppiyy peo ued episeAly g soladoid 31929 000 $9 707 181 86H Weying ajuad jUaUAeY suoYydaie] 1a Od WOds/e1 YsHUg 000 gL 6Se'L Cd} 86S welayjoy 472 X0G Od se ushug 000 Ov 8E6 THz pZ3q auyshqieq uoybuiuog ajsed ‘asiy MOpeayl IS8MA 1-9 HUN Py] Sunywiny Balig 000 00 009'€ 419 SLAM SIYSI0A 394 eBpasisary ‘Sil eepSuo7 pay] daais Aneag 000 SL 9C9'€ AS| LYS PuBYepUuNsS jeadjs Heomey ES Id yueg shejueg 3 Ayunoas uanb play Ayunoas | 33qQep qyUeWe}o jo anyjen Ayungas ayeg Aue jo sejag | yo junowy (apoojsod yy) ssouppy 10 JO}JIPIsID JO QUE uoissassod s Auedwioo ay; ul Avadoid JaA0 aij} Jo UONUS}es BuluIE|O Sio}Ipaso pue SBdIAJas JO Spoo6 Jo Ajddns ay) Jo soueApe UI pied sjunowe Buiwnieso suawoysno pue sjuaweaibe ajes yeuonipuod Jo Buisea| jayeyo ‘aseyound-aiy Japun syojipaso Aue Ayquapl pue ssoypad ye apnjoul snus NOA ALON GSLIAIT S038 ONY AYNLINYNA LNNODSIC ALITWND - SHOLIGAYD ANVdWOD & Fa /- FY aed YL) -f eineubis 000 LZ 604 JOZ 62g SuYysployers YYomuie) jaa. pjayyor] 76 ‘OSNoH Burials Py ddXx 000 00 008 92 SSTI SSIEM YON ppaudme ‘uopeulaesy ‘JsQ pul UAID SINWING SWOTaAA dd} LEAN 000 00 oS¢e‘0z Jean, g aud, uojBuiysepg ‘Sq pul Buossuuy ‘peoy ujuog Z} yu 0/0 (SJ) Aaoesy ‘uos}eA, ddb LEAN JBaAA 000 249 pas'L 9 auAL UO}BuIysenA 93e)SQ eLISNpU| BuoASUY peoYy UIyUOG ZL UN O/9 (Sup) Aeoes) ‘uosyeny dd} LEAN 128M (si) 000 4208 9 uA] UO}BuIysenA je}S3 [eLYSNpU; BuoSUY peoy UIyUOg Z} HUN O/9 ue Ajay ‘uosjeyy Py 00.0 00 09€ UAE 697 joodiaar] 3981S HEH PIO 6E ‘E007 XO Od | Buiysiqng sou Ayu L 3 Ayunoes usb pyey Ayunses | 33qGep yueweso jo anjea Ayunoes ayeq Aue jo sjiejaq | so junowy (apoojsod ym) ssauppy 40 JO}pPasd yo aWeEN Do ee SY eo RAPT V IL cutis 00°00) (e301 ddl ZEN Jean, 9 auh, uo}Buiysen, 00 OOL 0O1 0Ol 004 Aseulplo peoy ulmuog ZI} RUA uosjepa Agoes yp 3 dn payeo 3 dn payeo 3 Ppiey 3 aueys play Japjoyaieys junowe jejo) eueys sad yunowy saueys jo JequnN JO Junowe yeujWwion soueys jo adh (apoojsod ym) ssasippy jo owen “ON Ga LAI S49 ONY SYNLINYNS LNNOOSIC ALINVND - SHAG TIOHAYVHS 9 Quality Discount Furniture And Beds Limited NOTES TO THE STATEMENT OF AFFAIRS Secured Creditors None recorded at Companies House Leasehold The premises from the which the Company traded were in the personal name of the director It is not anticipated that there will be a value to the liquidator Computer Equipment These have been independently valued by professional valuers, James Sutherland (Auctioneers) Limited on a forced sale basis Cash At Bank The Company web site was sold by the director, following advice from {T experts, and the sale proceeds of £1,750 00 plus VAT are held in the liquidators client account Refund Due The refund due ts in respect of an overpayment in relation to the service charges on the former trading premises Preferential Creditors Wages/Holiday Pay This represents amounts due to employees in respect of wages arrears and accrued holiday pay which will be paid from the Redundancy Fund up to the statutory limits prescribed and also includes employee claims in excess of statutory limits, where appropriate ‘Prescribed Part’ Under the provisions of the Enterprise Act 2002, introduced on 15 September 2003 the preferential status of the Inland Revenue and Customs & Excise has been abolished As a consequence of this a “prescribed part” of the Company’s assets must be set aside for the benefit of the unsecured creditors in respect of any floating charge security granted after 15 September 2003 The prescribed part 1s calculated as follows - « 50% of the first £10,000 of the net property of the company if the net assets are in excess of the £10,000 * 20% of the property thereafter, subject to a limit of £600,000 The prescribed part in this matter is NIL as there Is no floating charge holder Non Preferential Creditors Employees’ Claims This represents amounts due to employees in respect of wages arrears and accrued holiday pay which will be paid from the Redundancy Fund up to the statutory limits prescribed and also includes employee claims in excess of statutory limits, where appropriate H M Revenue and Customs Represents PAYE/NIC outstanding for months 5 and VAT for the past 6 months Banks & Institutions Represents to amount due to the Bank in respect of the overdrawn Bank account Trade Creditors Trade creditors are based on the books and records of the company at the date of liquidation and are stated inclusive of VAT TW. IS EY Inclusion does not constitute an admission that there is now or has been in the past any legal liability upon the company to make payment of the whole or part of the amount shown The statement of affairs does not reflect the fees and expenses of administering the liquidation Tse 1S B14