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00878789_MzA3ODk5Mjg0MmFkaXF6a2N4_SoA.txt
Rule 4 34-CVL The Insolvency Act 1986 Form 4 20
S.95|99
STATEMENT OF COMPANY'S AFFAIRS
Pursuant to Section 95/99 of the Insolvency Act 1986
For official use
Company Number
\
00878789
To the Registrar of Companies Company Number
| GEES ELECTRICAL ENGINEERS LIMITED
[Insert full name(s) and address(es)]
|, J M Titley of Leonard Curtis, Hollins Mount, Hollins Lane, Bury, BL9 8DG, the Joint
Liquidator of the above named Company, attach a statement of the Company's affairs as at
16 May 2013
—_—
Signed oot Date 16 May 2013
Presentor’s name, address and reference (if
any)
For official use
Leonard Curtis
DTE House
Hollins Mount
Bury
BL9 8DG
For official use x
2
uw *A2S0TWER"
A40 24/05/2013 #227
COMPANIES HOUSE
Rule 4 34-CVL Form 4 19
Statement of Affairs
Statement as to affairs of
GEES ELECTRICAL ENGINEERS LIMITED
on the 16 May 2013 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 bane, Gas Gobo Gere
Signed. . .
Dated. a LO F LF
CVLMF418 06-04-10
GEES ELECTRICAL ENGINEERS LIMITED
APPENDIX |
DIRECTOR’S ESTIMATED STATEMENT OF AFFAIRS AS AT 16 MAY 2013
Book value Estimated to Realise
Note £ £ £ £
Assets specifically pledged
None 1 Nil Nil
‘ess Secured Creditor (Nia) (Nia)
Surplus / (Shortfall) c/fwd Nil Nil
Assets not specifically pledged
Motor Vehicles 2 11,000 6,900
Debtors 3 8,322 6,658
Plant & Machinery 4 840 150
Fixtures & Fittings 5 900 200
Stocks 6 1,000 300
22,062 44,208
Preferential creditors
Employee claims / ERA 2006 claims (est ) 7 (3,200) (3,200)
Net property available for prescribed part 18,862 11,008
Less: Prescribed part calculation 8 (Na) Nia’
Avallable for floating charge creditor 18,862 41,008
Secured Creditor - Shortfall b/fwd 1 Nia} Nia
Surplus/ (shortfall) - floating charge holder 18,862 11,008
Add back prescribed part 8 Nia N/a
Avallable for unsecured creditors 48,862 41,008
Ordinary Unsecured creditors
Employee claims / ERA 2006 claims (est ) 7 (6,400) (6,400)
HM Revenue & Customs ~ PAYE / NI (est) 9 (58,600) (58,600)
HM Revenue & Customs - VAT (est.) 9 (50,070) (50,070)
Director's Loan Account 10 (13,400) (13,400)
Trade and expense creditors (est ) " (13,688) (13,688)
Total value of unsecured creditors (142,158) (142,158)
(123,296) (131,150)
Issued share capital (1,000) (1,000)
Estimated deficiency as regards members (124,296) (132,450)
16 May 2013
GEES ELECTRICAL ENGINEERS 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
1. Secured Creditors
There are no charges registered against the Company
2. Motor Vehicles
The motor vehicles have been subject to a valuation by independent valuation agents Charles Taylor. The
book value has been taken from the Company's books & records and the estimated to realise value of the
motor vehicles has been extracted from the valuation report for the purpose in the Statement of Affairs,
Debtors
The book vatue of the debtors has been provided by the director from the Company's books and records. The
estimated to realise value has been wntten down by a general provision of 20% for the purposes of the
statement of affairs.
Plant & Machinery
The book value and estimated to realise value of the plant & machinery has been extracted from the
Company's books & records and from information provided by the director
Fixtures & Fittings
The book value and estimated to realise value of the fixtures & fittings has been extracted from the Company's
books & records and from information provided by the director
Stock
The book value and estimated to realise value of the stock has been extracted from the Company's books &
records and from information provided by the director
Employee claims / ERA 2006 Claims
The Company had employees who will be entitled to claim arrears of pay and holiday pay (subject to certain
limits) from the Redundancy Payments Office (‘RPO”) (a goverment 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 as shown in the statement of affairs.
Employees will also be able to lodge redundancy claims and compensation claims as a result of not receiving
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 Ordinary unsecured claims have been
estimated as shown in the statement of affairs
16 May 2013
GEES ELECTRICAL ENGINEERS LIMITED
APPENDIX II
NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont.)
Prescribed part
The Insolvency Act 1986 provides that, where a company has created a floatng 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 distnbuted to the floating charge holder except in so far as it exceeds the amount required for the
satisfaction of unsecured claims.
The method of calculabng the prescnbed 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 maxamum prescnbed part of
£600,000
There are no floating charges registered against the Company and as such, the prescnbed part calculation is
not considered applicable in these circumstances for the purposes of the statement of affairs
H MRevenue & Customs — PAYE / Ni & VAT
The net property in this case is expected to be less than the prescribed minimum and we consider that the cost
of making a distnbution of the prescribed part in this case to be disproportionate to the benefits. Accordingly, we
do not intend to set aside a prescnbed part in this instance
10. HM Revenue & Customs - PAYE / NI & VAT
The liability to HMRC in respect of unpaid PAYE / NIC and VAT is based on estimates raised by HMRC. The
outstanding liabilities for PAYE / NIC and VAT are in respect of the following penods
PAYE /NIC
— 05 April 2011 to 16 May 2013 -
VAT- 31 January 2011 to 16 May 2013
1. Director's Loan Accounts
The value of the director's loan accounts in relation to Sandra Gowlett has been provided by the director The
amount shown should not be regarded as an agreed amount
12, 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 lil. The amounts shown shoukd not be
regarded as agreed
16 May 2013
GEES ELECTRICAL ENGINEERS LIMITED
APPENDIX Ill
SCHEDULE OF CREDITORS
See attached list
Signed, ..4¢ Treas sesasvacaseeee 16 May 2013
Mr Simon Gowlett
B - Company Creditors Page 4
Code Name & Address Amount of Debt
C0001 BNP Paribas £2,219 00
3 Harewood Avenue
London
NW1 6JL
0002 Electrical Con ins Co £769 00
ECA Court
24 - 26 South Park
Sevenoaks
Kent
TN13 1DU
C0004 Palatine Construction £700 00
8 Palatine Road
Blackpool
FY1 4BT
C0006 Sandra Gowlett £13,400 00
c/o 8 Palatine Road
Blackpool
FY1 4BT
C0008 HSBC Bank Plc £10,000 00
Oxford Square
1 Newhouse Road
Blackpool
FY4 4YH
cooo9 Redundancy Payments Office £3,200.00
83 Hagley Road Cobalt Square
Birmingham
B16 8QG
C0010 Redundancy Payments Office £6,400 00
83 Hagley Road Cobalt Square
Birmingham
Bié 80G
C0011 HMRC PAYE / NIC £58,600 00
Cumbemauld
Glasgow
G67 1YZ
Signature
G664Q
* B - Company Creditors Page 2
Code Name & Address Amount of Debt
c0012 HMRC VAT £50,070 00
Alexander House
21 Victoria Avenue
Southend On Sea
$S99 1AB
TOTAL CREDITORS' CLAIM £145 ,358.00
Signatur Date
[b-$ LU3
G664Q