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Rule 4 34-CVL The Insolvency Act 1986                                               Form 4 20




                                  5.95|99
STATEMENT OF COMPANY'S AFFAIRS
Pursuant to Section 95/99 of the Insolvency Act 1986


                                                               For official use




                                                               Company Number



To the Registrar of Companies Company    Number

NORDEN         ELECTRICAL SERVICES LIMITED


[Insert full name(s) and address(es)]

| JM Titley and M Maloney the Joint Li     ators of the above named Company,       attach a
statement of the Company's affairs as at 24 January 2012




Signed             Jey
Presentor's name, address and reference (if
any)

                                         For official use
Leonard Curtis
Hollins Mount
Hollins Lane
Bury                                                                                           soo
BL9 8DG

For official use




                                                                                  26/01/2012         #190
                                                                          COMPANIES HOUSE
Rule 4 34-CVL                                                                                        Form 4 19




                    Statement of Affairs



                    Statement as to affairs of

                    NORDEN           ELECTRICAL SERVICES LIMITED
                    on the 23 January 2012 being a date not more than 14 days before 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
                                   fi bet

                    Dated         23       [is     Vie




CVLMF419 06-04 10
 NORDEN ELECTRICAL SERVICES LIMITED

                                                                                                         APPENDIX |

                     DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS AS AT 23 JANUARY 2012

                                                                   Book value                Estimated to Realise
                                                  Note      £                    £             £              £
Assets specifically pledged
None                                                              Nil                              Nil
less The Royal Bank of Scotland                     j           (Nil)                            (Nil)
Surplus / {Shortfall} as regards charge holder                    Nil                              Nil


Assets not specifically pledged
Debtors / Retentions                               2      95,360                               9,535
Cash at Bank                                       3        6,750                              6,750
Motor Vehicles                                     4        3,000                               1,400
Fixtures, Fittings & Equipment                     5       15,775                               1,000
Stock                                              6        1,800                                600
                                                                                422,685                        19,285
Preferential creditors
Employee claims / ERA 2006 claims (est )           7                            (10,000)                     (10,000)
Net property available for prescribed part                                      112,685                         9,285

Less: Prescribed part calculation                  8                                 (Nia)                       (N/a)
Available for floating charge creditor                                          112,685                         9,285
Surplus/ Shortfall - RBS                                                              Nil                          Nil
Surplus / (shortfall) - floating charge holder                                  112,685                         9,285
Add back prescribed part                                                              Na                           Nia
Available for unsecured creditors                                               112,685                         9,285

Ordinary Unsecured creditors
Employee claims / ERA 2006 claims (est )                 (20,000)                            (20,000)
Insurance Claim                                     9    (37,000)                            (37,000)
HM Revenue & Customs ~ PAYE / NI (est)             10     (7,322)                             (7,322)
HM Revenue & Customs - VAT (est)                   10      (9,000)                            (8,000)
Trade and expense creditors (est )                 11    (94,311)                            (94,311)
Total value of unsecured creditors                                          (167,633)                       (167,633)
Total estimated deficiency as regards creditors                              (54,948)                       (158,348)
Issued share capital                                                               (2)                             {2}
Estimated deficiency as regards members                                      (54,950)                       (158,350)




            fr


 Signed   MU        Lop)                                                  23 January 2012
          Mr Dion Lord
NORDEN ELECTRICAL SERVICES LIMITED

                                                                                                             APPENDIX II

                                   NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS

All book values have been taken from the Company's latest financial information or from valuations obtained from
independent valuers It should be noted that the no provision has been made for the costs of preparation of the same,
the costs of convening the meetings of members and creditors, agents’ costs or the costs and expenses of the
Liquidation


          The Royal Bank of Scotland
          The Royal Bank of Scotland hold a fixed and floating charge against the Company created on 11 June 2007
          and registered on 20 June 2007
          Debtors and Retentions
          The book value of Debtors and Retentions has been provided from information provided by the directors written
          down by a specific bad debt provision of £47,000 and a general bad debt provision of 80%
           Cash at Bank
          The book value of the cash at bank has been provided by the director from the Company's books and records
          The cash at bank is estimated to be realisable in full, subject to any accrued bank charges or interest to be
          applied to the account
           Motor Vehicles
          The Motor Vehicles have been subject to an independent valuation by the firm Charles Taylor, who have been
          provisionally instructed by the nominated liquidators   The book value and estimated to realise value have been
          extracted from the valuation report for the purpose in the Statement of Affairs
          Fixtures, Fittings and Equipment
          The book value of Fixtures, Fittings and Equipment has been extracted from the Company's balance sheet as
          at 31 January 2011, with no provision for amortisation having been applied for the period since that date A
          valuation provided by Charles Taylor indicated an estimated to realise value of £1,000 would be achievable
          Stock
          The Stock has been subject to an independent valuation by the firm Charles Taylor, who have been
          provisionally instructed by the nominated liquidators +The book value and estimated to realise value have been
          extracted from the valuation report for the purpose in the Statement of Affairs
          Preferential creditors
          The Company had 10 employees who will be entitled to claim arrears of pay and holiday pay (subject to certain
          limits) from the Redundancy Payments Office ("RPO") (a government department) The RPO will then lodge a
          preferential claim against the Company in respect of the payments it has made      Preferential claims have been
          estimated at £10,000 for the purposes of the statement of affairs
          Employees will also be able to lodge redundancy claims and compensation claims as a result of not recerving
          statutory notice of redundancy with the RPO      These claims will also be paid by the RPO (subject to certain
          limits), who will lodge an unsecured claim against the Company




Signed
           L&T                                                                  23 January 2012
         Mr Dion Lord
NORDEN ELECTRICAL SERVICES LIMITED

                                                                                                           APPENDIX Il

                            NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont.)

          Prescribed part
          The Insolvency Act 1986 provides that, where a company has created a floating charge after 15 September
          2003, a prescribed part of the company's net property must be made available to the unsecured creditors and
          not be distributed to the floating charge holder except in so far as it exceeds the amount required for the
          satisfaction of unsecured claims
          The method of calculating the prescribed part is given below
          Where the net property does not exceed £10,000
          50% of that property
          Where the net property exceeds £10,000
          50% of the first £10,000, plus 20% of the property which exceeds £10,000, up to a maximum prescribed part of
          £600,000
          It Is not applicable to set aside a prescnbed part in this instance as there are no monies outstanding to the
          Charge Holder
          Insurance Claim
          The Company has an outstanding insurance claim for approximately £37,000 The directors of the Company
          have been informed by the insurer's representative that they are proposing to reject the claim, as the Company
          had complied with all their duties an as employer However, for prudence and without prejudice to the claim,
          the claim has been shown in full for the purposes of the statement of affairs

10        H M Revenue & Customs — PAYE / NI & VAT
          The liability to HMRC in respect of unpaid PAYE, NIC and VAT has been estimated by the director            The
          outstanding labilittes are in respect of the following periods
          PAYE /NIC - 6 October 2011 to 5 November 2011 /5 December 2010 to 5 January 2012
          VAT - Quarter ending 31 October 2011
11.       Trade and expense creditors
          Details of the Company's trade and expense creditors have been extracted from the Company's books and
          records A detailed list of these amounts has been provided at Appendix Ill The amounts shown should not be
          regarded as agreed




Signed        a         AoS                                                 23 January 2012
         Mr Dion Lord
NORDEN ELECTRICAL SERVICES LIMITED


                                                                               APPENDIX Il

                                     SCHEDULE OF CREDITORS

See attached list




Signed            kb)   Le)                                  23 January 2012
         Mr Dion Lord
B - Company Creditors                                      Page          4


Code             Name & Address                                   Amount of Debt
C0001            Guild Electrical Supplies                            £13,246 99
                 Hardman Street
                 Bury
                 BLO 5AA



C0002            Garndene Communications Limited                       £1,042 614
                 Hi Pylon Works
                 Slades Road
                 Golcar
                 Huddersfield
                 HD7 4JS
C0003            GA   Electrical Distributors                         £42 160   12
                 North West Regional! Credit
                 PO Box 11
                 ist Floor unit 8
                 Turnston Bus Park
                 Widness
                 WAS OWN
C0004            Edmondson Electrical
                 PO Box 11
                 1st Floor Unit 8
                 Turnstone Busmess Park
                 Mulberry Ave
                 Widness
                 WAS8 OWN

C0005            Electric Centre                                      £25,889 20
                 Po Box 10466
                 Aberdeen
                 AB12 9AR



C0006            Expert Supplies Limited                                £1,989 41
                 Unit 3c Buckley Road Ind Est
                 Rochdale
                 Lancs
                 OL12 9EF


coo07            JG Harrisons & Son Limited                            £4,490 59
                 New Brunswick Street
                 Halifax
                 HX1 5BW



C0008            City Electrical Factors                               £2,409 87
                 Unit 9 Middleton Central Ind Est
                Oldham Road
                 Middieton
                M24 10Z




                Signature       LS                  Date
N565Q
B - Company   Creditors                                    Page          2



Code              Name & Address                                  Amount of Debt

C0008             Wolseley UK Limited                                        £88 20
                  PO Box 68
                  Ripon
                  HG4 1XY



C0011             Protec Fire Detection Plc                              £249 57
                  Protec House
                  Churchill Way
                  Nelson
                  Lancs
                  BBS 6RT

C0012             Stephen Horrocks                                           £400 00
                  184 Thornham       Drive
                  Astley Bridge
                  Bolton
                  BL17RH


CON1S             Iguzzini                                                   £200 00
                  Astolate Business Park
                  Astolat Way
                  Off Portsmoth Road
                  Guilford
                  Surrey
                  GU3 INE

C0014             UK Cables                                                  £421 66
                  Unit G3 Touchet Hall Road
                  Stakehill Ind Est
                  Middleton
                  Manchester
                  M24 2SJ

Coots             Tridant Fire Systerns Limited                              £240 00
                  Tridant House
                  Anchor Court
                  Commercial Road
                  Darwen
                  BB3 ODB

C0016             Procyon Fire & Securtly Limited                            £747 00
                  Electra House
                  Electra Way
                  Crewe
                  CW1 6GL


Coot?             Lighting Motions                                           £724 81
                  Motion House
                  Key Works
                  Wilson Street
                  Oldham
                  OL8 THN




                  Signature    k)        haf        Date
N565Q
B - Company   Creditors                                          Page          3


Code              Name & Address                                        Amount of Debt
C0018             HM Revenue & Customs                                       £7,322 57
                  Durrington Bridge House
                  Barrington Road
                  Worthing
                  West Sussex


C0019             HM Revenue & Customs                                       £9,000 00
                  Durringotn Bridge House
                  Barrington Road
                  Worthing
                  West Sussex


C0020             Redundancy Payments Office                                £10,000 00
                  PO Box 15424
                  Colbalt Square
                  83 Hagley Road
                  Birmingham
                  B16 6JJ
©0021             Redundancy Payments Office                                £20 000 00
                  Po Box 15424
                  Colbalt Square
                  83 Hagley Road
                  Birmingham
                  B16 6JJ
C0023             Commercial & Construction   Insurance                     £37,000 00
                  Acorn Business Park
                  Commercial Gate
                  Mansfield
                  NG1     1EX


                  TOTAL CREDITORS' CLAIM                                   £177,633 65




                 Signature      Q LA                      Date
N565Q