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 Act 1986



                                                                                                  For Official Use

                            To the Registrar of Companies

                                                                                                Company Number

                                                                                                        02383010


                            Name of Company


                              Extracta Products Limited


                           Zi We

                            Gordon Smythe Goldie, Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3
                            3LS

                            Andrea Lynn Marshall, Buiman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3
                            3LS




                            the liquidator(s) of the above named company attach a statement of the company affairs
                            as at 16 June 2014




                            Signed          44 Ltr.                             Date___      16 June 2014

                            Tait Walker
                                                                                   _ For Official Use
                            Bulman House
                            Regent Centre, Gosforth




                            Ref      1000423/GSG/LM/KP/NF/CH                                ane               #294

Software Supplied by Turnkey Computer Technology Limited Glasgow                          COMPANIES HOUSE
Rule 4 34-CVL                                                                           Form 4 19

                Statement of Affairs

                Statement as to affairs of

                Extracta Products Limited

                on the 16 June 2014 the date of the resolution for winding up



                Statement of truth


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


                Full Name                 Donny       — Waccatet

                Signed                _         Sn

                Dated                          We fiofiy
Extracta Products Limited
Statement Of Affairs as at 16 June 2014

A - Summary of Assets
                                                                                   Estimated to
Assets                                                               Book Value      Realise
                                                                          £             £

Assets subject to fixed charge:

Assets subject to floating charge:

Uncharged assets:
Plant & Machinery                                                         338 00                   3,010 00
                                                                        3,221 00                     485 00
Furniture & Equipment
Motor Vehicle                                                           7,163 00                   5,000 00
Book Debts                                                              4,546 03                   4,000 00
Cash at Bank                                                            9,849 49                   9,849 49

Estimated total assets available for preferential creditors                                       22,344 49




Signature                                           Date      \ vf    | Iu,
Extracta Products Limited
Statement Of Affairs as at 16 June 2014

Ai - Summary of Liabilities
                                                                                                     Estimated to
                                                                                                          Realise
                                                                                                                 £

Estimated total assets available for preferential creditors (Carried from Page A)                        22,344 49

Liabilities
     Preferential Creditors -
          RPO Arrears & Holiday Pay                                                       5,880 05
          Employee Arrears/Hol Pay                                                        3,019 12
                                                                                                          8,899 17
Estimated deficiency/surplus as regards preferential creditors                                           13,445 32

Debts secured by floating charge pre 15 September 2003
Other Pre 15 September 2003 Floating Charge Creditors
                                                                                                              NIL
                                                                                                        13,445 32

Estimated prescribed part of net property where applicable (to carry forward)                                 NIL
Estimated total assets available for floating charge holders                                            13,445 32

Debts secured by floating charges post 15 September 2003
                                                                                                              NIL
Estimated deficiency/surplus of assets after floating charges                                           43,445 32

Estimated prescnbed part of net property where applicable (brought down)                                      NIL
Total assets available to unsecured creditors                                                           13,445 32

Unsecured non-preferential claims (excluding any shortfall to floating charge holders)
        Trade Creditors                                                                  17,473 48
        Employees Arrears/Holiday                                                         6,010 29
        RPO Redundancy/Pay in lieu                                                       91,457 78
        H M Revenue & Customs PAYE/NI Cont                                                1,971 84
        H M Revenue & Customs - VAT                                                       4,233 28
                                                                                                       121,146 67
Estimated deficiency/surplus as regards non-preferential creditors
(excluding any shortfall in respect of F.C’s post 14 September 2003)                                 (107,701 35)

Estimated deficiency/surplus as regards creditors                                                    (107,701 35)


Issued and called up capital
        Ordinary Shareholders                                                            10,000 00
                                                                                                        10,000 00
Estimated total deficiency/surplus as regards members                                                (117,701 35)




Signature    S—
              = S                                     Date   tof of 1
    Sb 60 PLO auTY 91
                                                                              40 €107 2°A TOS Sdl
                                                                                                                                                            ZJo 1 a8eg
                                                                                                                                                            amyeusig
                                                                                                            AN8
00 0ZI                  LNS ‘Uoxe ‘uopsuuey “feA atp ut progurig Yearg  prey ‘ yseg ssousing 8sI0H SITY “pt UE)
CZ 66S                                                                                                                                        PIT d VN         ZOND
                                                                       VVP ITS ‘anysyi9g ‘Ysnojg ‘peoy Neg 69]                                   OMAN,
Te S97                                                                                                                                                         TOND
                                                                               OS6 PD ‘moBse[H Gang Aoupoy co                                        SON       00ND
80 16                                       LOS LES ‘lois ‘a1eA sq puy sayooeg ‘peoy Aapioneyy ‘ p+ 7 SUN,                    PYT CAN) onset NePOPy           COWS
00 69€                                  “LZ 9XH ‘HOA AM ‘e8puig Aquamog ‘peoy Aajumg ‘syzo/y 3S909 [0H] “p 11U,               YT Suaystury [eIaW O+N          I0WD
0@ 049                                            AAT EAD HIPILD “ory Booyuan      Wed   ssoutsng aesjseq ‘9-p wun,           PYT YOS % SyOOppeAW LH          ooWD
bp SIEE                                  CAE ELAN Fea % BUA] ‘opseomon ‘apiskend Zl ‘dA TT wer way             O/D                         yueLy ws            0049
00 00€                                  OS? ZN ‘ouA], Uo UopAelg Peoy o8piig umqmon ‘IeEISY [eLSNpU] LOY                                     pry ssouduyy       z010
000                                                       ZZ\ 860N ‘ouc] uodn apseomen ‘uojusqSu0'] ‘Aousajosuy        uorNqLyUOD IN snuaasy puR[U]             told
000                          ONE LAN ‘Wopucy ‘peoy uoysng 987 ‘amo, UoYsNg ‘J00], pag ‘salLoag 7 AOUSAJOSUT                    SWIOISND 2 SNUSADY WH            001d
                                                                                                            ASb
000                      IST ‘Sp2o"] Jeans uogsr] [¢ ‘esNoH afIseD ‘100], WZI ‘Wu, eouerduio> Aousajosuy jeuoneN      ALVA - SWO}SND =F anusAsy WH             00HD
                                                                                                HHI 83N
000                     “peoysaen ‘wang jasay ‘aquad o1AID ‘loumoD peoysayey ‘Ojon w1ayeHg ‘suJo> usLEg                              [louno|g peoysayery       0090
L8 699                                                                      CH9 TDN “‘weysanon ‘EZ1 XOg Od                                       uo g          0049
19 2                                  OHO IAN “Tea, pue aud] 9sq Burpery, Aayyea wea], ‘Aemspreq ‘19 Areuayuag                   BY] FoMoHOMM TeULAeC          10dg9
000                                 XT? 7a ‘weysurmung ‘sg99] xog Od ‘sjuoutAeg Aouepunpsy ‘saIAJag Aouaalosuy           SdIAIIG sjuauANg Aouepunpsy           o0do
000                                        LAL SN ‘Tea pur oud ‘peoysayen Yoong ystH ¢¢¢ ‘esnoyy JsIndw0D             Pr] saotaiag yoked 2 YH enUID            £099
SE Z1Z                                                      Ads THY ‘Aorms ‘oyestey Yoreypooy ‘HH NOYSyD0D                               PY] 3IN uouued        000
IL 89                                  VUP OLOA HOA ‘OOP UOYIID ‘asofD Xepny eg ‘UOIsIAIG SUA] + UeIUOpaTED                  PY] si0j9ey [eoLNI91q AND         1000
$6 bZI                                                          LVI 81X77 “JasaoieT “towsa1y ‘oad [jemueyD ¢9                     dnoin soo [amuiord          0099
£9 199                                         DAY LISL ‘S92 ]-Uo-vopporg eg ssoursng aepsaey “OOOE XO Od                       JetorauMUIOD preoceoreg       bodd
69 9PS‘I                                                             VME SIND ‘Koumg ‘Aa]ioquies ‘poz xog Od                        ssaursng se Yysiig         odo
¥S 160'T                                          H'16 SIH ‘xessng 18944 TINH ssa8.ing ‘oreysq JeLNsnpuy eLI0I91A,                      Peoy PLIOJIA ZL       rai: (0)
09 POL                                                        ALE S9S ‘SOA nog ‘uepeyoy proy werpaziy                          Py] 0D [eoLNDa_    Joyoeg,      10d
000                                    WIT   TH “weymg ‘meoy souspraorg ‘ayeysq Surpery, weymg ‘Ay Juounedaq                                      Id LA       0089
                                                                                                       4HO 11UN
O£ 906                  ‘TEM % BUA], ‘peaysayen ‘ayeisq Surpery Aa|[eA Wea], eg ssauisng anuaay msg asnoy Lav                      AyuNdag 2 Any LOV           lovd
61 09                                        OU   [TAN ‘peoysarey ‘sq Surpery AoyeA weal, ‘Aems|
                                                                                               seq ‘asnoy] SHey                         34d sjonpoig ny        00vO
5                                                                                                          ssaippy                                 amen          day
                                                                                                                                      s10}Ipeiy Auedwioy - g
                                                                                                                                   paywry syanpoig Bex q
                                                                                                                                                      TOMTEM HEL
    SP 60 bLOT Suny 97
                                                                                £0 €10Z 9A TOS Sdl
                                                                                                                              we                       ZJo Z o8eg
                                                                                                                                SS =                   aumgeuat Ss
SPELP LI
                                                                                                                                            SuypByoy sarayug ge
88 LL                                                         dX1 CIN ‘Suro ‘6spp XO Od ‘slusuIAeg ssomsng                    Ssoutsng eIpayy UISTA,      00AD
SP 092                                                           ‘Tdb I'S ‘Ysnojs ‘ony amysyieg pop ‘asno}y ssoudxg
+0 PhZ                                   XN0 TTAN “reo pure oud] ‘pesysayey Isq Supesy AojeA weay ‘ay woyseq
                                                                                                                                        PT TW AN          10nd
                                                                                                                        suo1njos ureyqs Ajddng sd         oond
                                                                                                               ANI
8L 761                   LEAD ‘Uesioure[H-piy ‘ppuddjuog ‘paookssep Isq puy suMUEY ‘sdoysyioj, sue]          “y WU,    Py] swiayskg Suruva]D sowie         I0LD
00 86                                                               ALANL EVA ‘UoYoLueA ‘poomyamg ‘9¢1 Xog Od
9€ 87Z
                                                                                                                                  ssoutsng $21 TL          00LD
                                          LL9 07g ‘amysyi0 4 3894 ‘AaTYStay ‘w0}999g ‘@AOID U0J99Ig ‘ asNOH] USABID   prq sotjddng Bunonq istetsadg        ZOSD
OZ 68E                                                    VV6 €1HN ‘aU ] uodn opseomon Seq YUON ‘osnojy o8eg                          o{d dnoin odeg       10S
OL P6P                                           VU6 ESS “Xessq ‘vag-uo-pustpnog ‘ssaudmaooys ‘Ae prenSuea gp                      PrT suaceadg ojog       00S)
ve leeZ                                         WNIB[ag ‘sTeMDIAH 0OZZ-A ‘OE UREPSUIOY20f ‘saIs}[0/4 YaedoLNsnpuy        Bqaq unngjog Jaye Iewog           £0d0
$9 7                                                   AVI 7H “weying 0D ‘Aapng Isgq pu] wrug ‘onuaay pny]              Pry Binjokoay aisepy Jatwadg       dD
00 STE                   ZS6 TIAN ‘UAL uodn apseomeny “uowagsucy ‘peoy AaTIYA ‘ISq Puy aUAT WWON ‘es0[D Aaydsg               SOTYOld [POW Y Sse]           10d
02 6zs                                                     AALS IZHIN “Tea Pure aUAL ‘uopketg “peoy uamoD ‘p Uy                           S|               00d
$                                                                                                          ssaippy                             amen          hoy
                                                                                                                                    siojIpoiZ Auvduioy - g
                                                                                                                                paar] sjonporg BpIV.yXxy
                                                                                                                                            TOMTBAA HEL
Extracta Products Limited

Notes to the Directors Statement of Affairs                              Dated: 16 June 2014


Valuations

Plant and machinery, furniture and equipment and a motor vehicle have been valued by
independent valuers,     H & H James Sutherlands of Newcastle upon Tyne. H & H James
Sutherlands are members of the National Association of Valuers & Auctioneers.


Plant and Machinery

Plant & Machinery with a net book value of £338 as at July 2013 is estimated to realise
£3,010 on a forced sale basis.

Office Furniture     & Equipment

Office furniture and equipment with a net book value of £3,221, 1s estimated to realise
£485 on a forced sale basis.

Motor Vehicle

A motor vehicle with a net book value of £7,163 1s estimated to realise £5,000 on a
forced sale basis.

Book Debts

The Company’s       books   and records indicate gross book debts of £4,546.03. After
provisions   for bad and doubtful debts, it is estimated that the book debts will realise
£4,000.

Cash at bank

This amount relates to cash remaining in the company’s pre appointment bank account.

Employees

Employees of the Company have claims for arrears of pay, holiday pay, pay in lieu of
notice and redundancy pay, as appropriate, following the termination of their contact.

Both arrears of pay and holiday pay rank as preferential claims subject to statutory limits.
Amounts in excess of the statutory limits together with pay in lieu of notice and
redundancy pay rank as unsecured claims.

Employee claims have been estimated based upon information available at present.
Certain of the employee claims will be discharged through the National Insurance Fund,                             =.
and the fund will have subrogated claims for any amounts paid to the employees.

TAIT WALKER TURNAROUND AND INSOLVENCY                              Extracta Products Limited Report to Creditors
                                                              Private & Confidential — Not for publication
Prescribed Part

The Prescribed Part (Section 176(A) of the Act) 1s a proportion of floating charge asset
realisations, net of costs, which are set aside for the benefit of unsecured creditors. The
Prescribed Part applies to floating charges created on or after 15 September 2003 only.

The Prescribed Part is calculated using a formula laid down in the Act as follows

    e     50% of the net property up to £10,000,
    e     20% of the net property in excess of £10,000;
    e     Subject to a maximum amount of £600,000.

The Prescribed Part 1s not applicable in this instance as there is no Qualifying Floating
Charge holder

Trade & Expense Creditors

The amounts due to trade and expense creditors are taken from the books and records of
the Company, and are stated inclusive of VAT. Inclusion does not constitute an
admission that there is now or has been in the past any legal liability upon the Company
of the whole or part of the amount shown.

General

The Statement of Affairs does not include any provision for the costs of administering the
Liquidation.




                                                                                                                 A&M

TAIT WALKER   TURNAROUND   AND INSOLVENCY                        Extracta Products Limited Report to Creditors
                                                            Private & Confidential — Not for pubhication