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Rule 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                                                 S.95/99


                            To the Registrar of Companies                                   For Official Use



                                                                                          Company Number

                                                                                    lososr67s
                            Name of Company
(a)   Insert full name of
      company               © Budget Signs Graphics Ltd



(b)   Insert  full   name   I/We ® Alex Kachani
      and address

                                     of   Crawfords Accountants LLP, Stanton House
                                          41 Blackfriars Road
                                          Salford
                                          Manchester, M3 7DB

{c)   Insert date
                            the Liquidator(s) of the above named company attach a statement of the company’s
                            affairs as at ©) 23 April 2015



                            Signed              Sho~AD                           Date: 23 April 2015


The presenter’s name,       Crawfords Accountants LLP              [               For Official Use
address and reference       Stanton House                              Liquidation Section       Post Room
                            41 Blackfriars Road
                            Salford
                            Manchester M3 7DB
                            C664/5/AK/KLB




                                                                                      Ty        13/05/2015
                                                                                            COMPANIES HOUSE
                                                                                                                #113
Rule 4.34-CVL                                                                    Form 4.19

                Statement Of Affairs


                IN THE MATTER         OF Budget Signs Graphics Ltd

                and

                IN THE MATTER OF THE INSOLVENCY ACT 1986

                Statement as to the affairs of Budget Signs Graphics Ltd

                on the 23 April 2015 the date of the resolution for winding up


                Statement of Truth


                I/We        Mr Kaikuas Fazil

                of          16 Hornsea Close, Bury, BL8 2UA




                Make    a Statement of Truth and say that the several pages exhibited hereto and
                marked “KF1” 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 23 April 2015 the date
                of the resolution for winding up and that the said company        carrted on business as
                Sign Manufacturer




                Signature           , Jed. lp

                Date.                 23 April 2015
                                             IN THE MATTER OF

                                           Budget Signs Graphies Ltd




This 1s the exhibit marked “KF 1” referred to in the Statement of Truth of Mr Kaikuas Fazil
A—Summary of Assets

ASSETS                                                        Book Value | Estimated to
                                                                              Realise
Assets specifically pledged:-                                      £             £




Assets not specifically pledged:—


Cash at Bank                                                       700            700
Cash in Hand                                                     2,700          2,700

Trade Debtors                                                    1,200                  -

Plant & Machinery                                                5,000          2,600
Stock                                                              500            200
Motor Vehicle                                                    1,948          1,000




Estimated total assets available for preferential creditors     12,068          7,200




—_ Jobot-
Date

Summary of Assets (7/98)
Al — Summary of Liabilities

                                                                   Estimated to
                                                                      Realise


                   Estimated total assets available for                7,200
                   creditors (from Summary of Assets)


                                                               £



Estimated surplus as regards creditors                                 7,200
        Debts secured by a floating charge:—
                                                               £


Estimated deficiency of assets available                               7,200
for non-preferential creditors
        Non-preferential claims:—                              £
        Trade creditors per schedule                      12,758
        Crown creditors per schedule                      30,000
                                                                      42,758
Estimated deficiency as regards creditors                             35,558



                                                               £
        Issued and called-up capital:-                        20
                                                                          20
Estimated deficiency as regards members                               35,578




Signature jt          Ve

Date

Summary of Liabilities (7/98)
                                       Budget Signs Graphics Ltd

Notes to the Statement of Affairs

1         Valuation of assets at director’s valuation, other than estimated to realise value of Plant and
          Machinery, Stock and Motor Vehicle, which have been value by JPS, Chartered Surveyors,
          independent valuers, on a market value as a whole for use 1n 1ts working place

          Claims of creditors are subject to agreement in due course The amounts stated will not
          prejudice your claim which will be agreed, 1f appropriate, by the Liquidator in due course

          Section 176A of the Insolvency Act 1986 (as amended) requires the Liquidator to set aside a
          percentage of a company’s assets for the benefit of the unsecured creditors in cases where
          the company gave a “qualifying floating charge” over its assets to a lender on or after 15
          September 2003 This 1s known as the “prescribed part of the net property” A company’s
          net property 1s that left after paying the preferential creditors, but before paying the lender
          who holds a floating charge A Liquidator has to set aside -

          * 50% of the first £10,000 of the net property, and
          ¢ 20% of the remaining net property up to a maximum of £600,000.

          There is no qualifying floating charge in this case so the prescribed part provisions do not
          apply in this case

          Subject to the costs and expenses of the winding up

          Subject to the verbal explanations to be given at the meeting of creditors 23 April 2015

          Estimated Deficiency Account£                                          £                        £

          Amounts written off assets:

               Book Value                                                     12,068
               Estimated to Realise                                            7,200
                                                                                                  4,868

               Fixed Assets — Book Value                                       9,626
               Disposed of — proceeds uncertain                                        -
                                                                                                  9,626

               Profit and Loss Account — 31/03/13                                                  1,753

               Estimated trading losses for the period from
               01/04/14 to cessation                                                             19,331

               Estimated Total Deficiency as per
               Statement of Affairs                                                              35,578
                                BUDGET        SIGNS GRAPHICS LTD


Schedule of Trade Creditors

                                                                                                £
 Application Tape Company Limited, Calf Hey South, off Well'lth Lane, Rochdale             4,359 30
 Lancs, OL11 23S

 Northern Signcases   Units E/F, Vulcan Business Park, Derker Street, Oldham, OL1 4AS      4,720.44

 Plastic Direct Ltd, E&F Vulcan Business Park, Derker Street, Oldham, OL1   4AS            3,679   10


                                                                                          12,758.84




Schedule of Crown Creditors

                                                                                               £
 H M. Revenue & Customs Central National Insolvency Unit 5th Floor Regian House
James Street Liverpool    L75 1AD_       Ref: 134 7056 24                         (est)   20,000 00

 HM Revenue & Customs Durrington Bridge House, Barrington Road, Worthing, BN12
 4SE_Ref:                                                                  (est)          10,000.00

                                                                                          30,000.00



Schedule of Director’s Loan Account

                                                                                                £
  Mr K   Fazil, 16 Hornsea Close, Bury     BL8 2UA                                           100 00


                                                                                             100.00




 Total (Unsecured)                                                                        42,858.84