TXT Random Viewer

                                                                                                                 Form 4.20

Rule 4.34-CVL           The Insolvency Act 1986
                        Statement of Company’s
                        Affairs                                                            .
                        Pursuant to Section 95/99 of
                        the Insolvency Rules 1986




                                                                                    For Official Use
                        To the Registrar of Companies



                                                                                                       Company    Number
                                                                                                   [       02979760          |

                         Name of Company
 Insert full name of     Image Business Systems (UK) Limited T/A Image Audio Visual Solutions
 company




insert full name         | Anthony Harris
and address             Critchleys
                        Greyfriars Court
                        Paradise Square
                        Oxford
                        OX1 1BE



                        the liquidator(s) of the company attach a statement of the company's affairs as at 5 May
                        2011




                        Signed        Wize                             Date          _5 May 2011




Presenter’s name,       IM605




                        ==
                                                                                       For Official Use




                                                                                     mung
address and reference                                              Liquidation Section                    Post Room
                        Anthony Harris
                                                                         SATURDAY




                        OX1     1BE
                                                                                                   07/05/2011
                                                                                               COMPANIES HOUSE
Rule
           Statement of Affairs                                                     Form 4.19
4.34-CVL



           Statement as to affairs of Image Business Systems (UK) Limited T/A
           Image Audio Visual Solutions on 5 May 2011 being a date not more
           than 14 days before the date of the resolution for winding up




           Statement of truth


           I believe that the facts stated in this Statement of Affairs are true.




           Full name   Anintéh)          Jo th!      Fegan)




           Signed      AR                           ses



           Date rls]          if
                                                  Insolvency Act 1986

                 Image Business Systems (UK) Limited T/A Image Audio Visual Solutions
                                Estimated Statement Of Affairs as at 5 May 2011


                                                                    Book Value           Estimated to Realise
                                                                            £                £                     £

 ASSETS
 Book Debts                                                             47,770 00        24,046 00
 Lloyds TSB Factors                                                      4,512 00          1,512 00
 Surplus c/d                                                                             25,558 00


 Vauxhall Movano                                                          5,000 00        4,000 00
 Lloyds TSB Commercial Finance                                          (7,417 00)       (7,417 00)
 Deficiency c/d                                                                          (3,417 00)

Furniture & Equipment                                                   10,256   00                             1,500 00
Motor Vehicles                                                           1,377   00                            1,500 00
Stock                                                                   25,947   00                            4,000 00
Goodwill                                                                 6,750   00                                   NIL
Director's Loan                                                            185   00                               185 00
Cash tn Hand                                                             4,800   00                            4,800 00
Surplus b/d                                                                                                   25,558 00
                                                                                                              37,543 00

UABILITIES
PREFERENTIAL CREDITORS -
Employees                                                                                 3,079 00
Directors                                                                                 1,842 30
                                                                                                               4,921    30
                                                                                                              32,621 70

DEBTS SECURED BY FLOATING CHARGE PRE 15 SEPTEMBER 2003
OTHER PRE 15 SEPTEMBER 2003 FLOATING CHARGE CREDITORS
                                                                                                                     NIL
                                                                                                              32,621 70

Estimated prescribed part of net property where applicable (to carry forward)                                        NIL
                                                                                                              32,621 70
DEBTS SECURED BY FLOATING CHARGE               POST 15 SEPTEMBER 2003
                                                                                                                       NIL
                                                                                                              32,621 70

Estimated prescribed part of net property where applicable (brought down)                                            NIL
                                                                                                              32,621 70

Unsecured non-preferential claims (excluding any shortfall to floating charge holders)
Deficiency b/d                                                                            3,417   00
Trade & Expense Creditors                                                                59,113   36
Employees                                                                                15,244   21
Directors                                                                                35,872   94
Director's Loan                                                                             615   00




Page 1 of 2                                                                                            03 May 2011 15 26
                                                  Insolvency Act 1986

                 Image Business Systems (UK) Limited T/A Image Audio Visual Solutions
                               Estimated Statement Of Affairs as at          5 May 2011


                                                                   Book Value             Estimated to Realise
                                                                         £                     £                    £
 Banks/Institutions                                                                       21,410    69
 Premises Licence                                                                          3,590    00
 PAYE/NIC                                                                                 20,238    96
 VAT                                                                                       5,008    07
 Lease / Hire Creditors                                                                       162   00
 Corporation Tax                                                                          19,301    60
                                                                                                               183,973 83
 Estimated deficiency/surplus as regards non-preferential creditors
 (excluding any shortfall in respect of F C's post 14 September 2003)                                        (151,352 13)
                                                                                                             (151,352 13)

Issued and called up capital
Share Premium                                                                              9,000 00
Ordinary Shareholders                                                                      4,000 00
                                                                                                                10,000 00
TOTAL SURPLUS/(DEFICIENCY)                                                                                   (161,352 13)




Page 2 of 2                                                                                              03 May 2014 15 26
Image Business Systems (UK) Limited T/A Image Audio Visual Solutions - Notes To The
Estimated Statement Of Affairs


      The inclusion of any claim does not constitute an admittance of the debt     All claims are
      subject to formal adjudication

      The above estimates are subject to the expenses of the liquidation and the expenses of
      realisation

      The bank has a personal guarantee from the directors of the company

      The factoring company has a fixed and floating charge dated 29 September 2009 over
      the company’s assets, however current information suggests that the factors are not
      owed money by the company

      The asset valuations are the directors’ estimates, and no professional valuation has been
      obtained

      Book debts have been written down based on age as follows -

                < 60 days                         35%
                < 90 days                         50%
                > 90 days                         80%

      The cash in hand of third parties relates to funds received in relation to the sale of the
      goodwill and on-going contracts Funds are held by Critchleys in a designated client’s
      account

      PAYE/NIC 1s outstanding for the months October 2010 to date

      VAT ts outstanding for the period December 2010 to date

10    The company occupied premises under a licence agreement that 1s due to expire in
      November 2011

11    The amounts owing preferentially and non-preferentially to the directors and employees
      relate to arrears of wages, pay in lieu of notice, holiday pay and redundancy
92 St Loz Aew €0                                                          OL02 48A 10S Sdl                                                                     Z40 | abey
                                                                                                                       °                                       aimeubis
00 089'L                                      AOS PLN ‘Iuay ‘syequenasg peoy POO ‘Wed Ssauisng UONOaUUOD |                                    Ay-oosadey            004d
00 8¢2't                                                      NSO Zw ‘aulyspag ‘Buipeey ‘peoy ay e-1 gun                                         pr 09Sd            odd
be 8€9                                                     S1S BLIND ‘x@SSq ‘MOLE ‘SA}IBULIG BY! ‘PEzP XO Od                             pr] samog Aauyid           00d
Ov 9E0'L2                                                                      LAP 22d] HOLON ‘ssiq ‘peoy seaul,                               PIT USIP,            yOIND
00 29)                                          JS6 F+W 'x90pAeH ‘a]e1Sy Buipesy Uojsog pic ‘esno} JapueXayy                          oid sjejuay jueyoay           foWwo
00 ¥62'6                           NE CBN ‘xasa|ppiIy ‘sakey ‘aue7 dung ‘ajuag ssauisng Sawer Ja}ag 9 Bg SHUN                              PTT (Hn) winpayw         20WO
02 €Zt'L                                     HN@ 6Y1 ‘eUquung ‘jepuay ‘peoy aBpug 1UIW ed Ssoulsng apiseyeT                                    pr ueydosjay)        LOWO
00 294                                           186 LL WM ‘x90pAe} ‘212183 Bulpel| uOo|sog PIO ‘asnoy JapueXxaly                     Did Sleluay jeyqay            oowo
80 18%                                                                      JAE t¥D ‘mobseiD ‘a0oe|g apisbueq Sz                 Pr7 yeoujoa}3 BORIS siNo>           v0
00 Lb'Z                                                          YAS ZD ‘moBse(D ‘JoaNg 1UAdUIA 1S OLL 100} Lie           soueuny [esawwoD gg) SpAo}]                2010
000                                                           BOL GML ‘PuoWYorY ‘Yaad BINT] ay 'asNo} UO}sog          PY] soueuly jee aS) SPAo}7                     4019
69 OLY'1Z                                                              SPL 91S ‘swag ‘peayuapley ‘Jeans YBIH Sp                        21d eR ASL SpAO}7             0070
LL g0€                                                        dB 6IdH ‘AingsajAy ‘Aejy snoqueypjog ‘snuaid Z Wun                PIT IN soUONIaIy JoWeLy              Loxo
2861                                                                 ZAS PEXO ‘UOXO ‘uopBuigy aang ¥9O 82-02                               suog 9 juBiuy 4          ie)
29529                                                    Adv 6194 ‘aYsHiag ‘Wweyojeys ‘Spjayluny ‘pNog spyaytuny                            pry sdwe7 snp            boro
96 Szz'2                          Tl END ‘PIPING ‘yssEWSedg ‘PeoYy YINOWSLO, PIO ‘aeIsy AeMUSATY         -BSNOH Wd                  siayO1g BOUBINSU| Jar            ooro
60 29                                     M1 619u ‘S¥ag ‘weyojey ‘Aen douyyjo9 ‘aberliA ssauisng weyrjeu, 0Z                               aid dnoig o6euuy           0010
Ov Zeb                BAZ LEG ‘SPURIDIY ISAAA ‘WNUWOS Weg ssauisng WeybuIWWig ‘JUsISaID ayy ‘NOD sjuabay OSpZ                 py] adoung uoyenossy ay               POHO
000                            DNE LAAN ‘UOpUOy ‘peoy UO}sNy 9gz ‘AMO! UD}SNZ ‘OO[4 PE ‘SanuNDSg y AOUAAOSU]                      SWO}SND 9 BNUaAaY WH              €0HO
                                                                                   ZZ} S64N   ‘9UA] uodn ayseoman
96 8£Z'0Z          ‘uojusqbuo7 ‘mal, Weg UOJUa ‘BSNOH YNONDUeM ZOZ7EdA WOOY ‘WU BuypueyY swe; AouaAosu;                           SWOJSND 9 BNuaAaY WH              ZOHO
09 Loe'6L
10 800'S
                      WWE Lpdd ‘yinse9 ‘pA, Aya; Jaang apsed ‘suipjing juawendd ‘4 [YPAL JAULAIN SdO LO                           SWOYSND 9 aNuaAeY WH               LOHD
                                                                      WP 21 ‘joodsaary ‘y90q susanh ‘Aouanjosuy                   SWOISND F anuaAsyY WH             0O0HO
00 stg                                                                Xd PLXO ‘vOXg ‘vopBuigy ‘Aen poomdig 9g                                   ue6ay Vv JW          0049
10 SP                                 Mar 61O¥ ‘auysyiag weyojey) ‘aAug aiysHeg ‘aqua ssauisng anysyeg /                                           yoajoung          0039
ve6                                                              GY9 NEM ‘Uopuc) ‘JaaNS Ja4eq ‘EZ aSNOH YOOHaYS        (uonejsiuUpy u)) pI] aINoY Jaq                hoao
09 288'2           Xd8 OLNN ‘SJUEUON ‘Buuayay ‘ajye}sy pul Aeaa puoyjay ‘AeaA UOSUAS} ‘alJUaD SSaUIsSng Wepy ¢ HUT)                 SBSSIBAQ UBWOOIG)               0002
000                                   446 ZEXO 'VOxO ‘abe, ‘Weg ABojouYysa, BAI ‘aSNoY UO}SOg ‘PL| HUT)                    S}UBJUNODSY paJapeyD syWWS               099
9€ 18                               N1Z OLXO ‘UOxO ‘playsuuag ‘peoy Jamo] ‘a]e1S9 |EUISNpU| ‘peoy Jomo] gj WN                             PHT (p10}xQ) JAD           £009
19 Lee                                                          dd6 ZYd soueT ‘Uo}selq poominy ‘aug Aepese4                                            he)           2000
PGELP                                             INS PZOY ‘aysdwey      ‘ayoysbuiseg ‘peoy apery ‘asnoy auiysdwey         Py] YoNNqustg 9007 4eINdWo|D              1009
£6 0r6                      UdO LEXO 'VOXO ‘aruey ‘sndwed uojerouyl y souaIs faeH ‘anusAy Way ‘U0N9a]3                                  PY} woogie] 1ep39,          0009
00 06S'E               Hdd L+XO ‘WOxO ‘Jeopiq ‘wed [eusnpu; peawyiNes ‘yLomsymeH ‘ajUad asudsayug joopig ay).                             paywiy aoedszig           oo0gD
000                                                             S98 PN Wuay ‘sien aBpuquny ‘weuydy junoy 27                                 wosajal jdapy           OVO
9S 264                                                               3d9 SNS ‘YOPUIMS {IIH [uLpUYA ‘es}UaD jeATy                              PHT IN leary          £0v9
02 Seo'z                                       DYZ 8ZdI “HOUNS ‘HEYUSPHW ‘peoy Jaye sewer ‘asNoH IPa1sJop1ON                         PIT IN Way +Suapuy             zovo
a0 ve                                                 HVt 88Ng ‘uo}YyBug ‘Jaau1g Plempy ‘asno} xowYy ~6 XOG Od                 juawAeg ssadxq uequawy               leva
00 912                                                               OX} PLXO ‘UOXE ‘uopbuigy ‘aso]D Peleg OL                                      youiqqy          oovo
3                                                                                                        ssaippy                                    owen             fay
                                                                                                                           SIO}Ipaig Auedwog - g
                                                                             SUO}NIOS /eNsIA Cipny aHeuy y/L poywiy (ym) swajshs sseuisng aBeuy|
                                                                                                                                                           sAa|yo9
92 SL L102 AewW €0                                0102 J8A 10S Sdi                                                              7407 a6eq
                                                                                                                                ainyeubig
€ s6e'z6L                                                                                                            Bunjeyo, souquy 1g
+€ 06%'0Z                                     XdS PL XO ‘UOXd ‘uopBuigy ‘Aen poomdig 9g                      ueBad dC VIN             oody
€6 p2z'Zb                           DIS EL XO ‘UOXC ‘uopbuigy ‘udjaddy ‘asoig soRjdijel y                        SUILLOD FJ          009m
@b BE0'Z                                       TOE 1LXO ‘asyspsoXxO ‘OOPIq ‘PeoY Ed SZ                        YOWUEM 3 SIV           ooma
92 260'8                        HVZ Leu ‘auysyag ‘Buipeay ‘joojeQ ‘suapred soowysny |}                            fOA8Q cf JW        00a3
26 629'9                                                96 ZXO ‘P/0}xQ ‘aS0|D SUMOIG OF                          SUIIIOD 1 JW         0003
0g 295}                                   MX6 ZEXO ‘Bslysp1o}xQ ‘abeyuRpA ‘eaodd AiqeW 19                        UMO1g JW            ooga
€9 8Ze                                                   PZE LEXO ‘Aunqueg ‘6ys X08 Od                       PIT auoydepo,,          00AD
02 09                                                       N38 EXO ‘P1n}XO ‘peoy u991g                   BuuasurBug jou             oona
S 6L                               NLS yLOy ‘seg ‘Aingman ‘aue7] a6puquiey ‘asnoH yIMS                          P1OJXO YIMS          soso
00 ase                                           NAS SPN   ‘suey ‘Ajaje, 'peoy aojaysiy) Zz   suoHesiuNWWOD |ENSIA 9 PUNCS           pdso
09 S661                             TINS 61ND ‘Aaung joysbeg “aueq uaalg ‘1ouRW Jousbeg                          Pr] safiaig         e0so
$9 0€                SUE PLXO ‘UOxO ‘vopBuluy ‘Aen UOHeNS ‘pied s1a}axog asnoyaseny ay             Pr] eamypoyy Ise yNES             zoso
¥S 58                                MX0 ELLY ‘Aaung ‘abpugkam ‘spueyoog ‘siyBiay aut                       pr adosng Auog           toso
08 Ofr'é                                  WV? BLVG ‘Uey ‘UWA ‘peoy Age}     ‘asnoy SWI         swa]shS SuOejuasaly B1eyeS            o0so
3                                                                                ssaippy                             owen             hay
                                                                                                   SIO}IPaln Auedwiog - gq
                                                     SUO]NIOS JensiA Olpny Hew] W/L Paylwi7 (WM) Swayshs ssauisng abeuy
                                                                                                                           sAalyr9