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                                                                                         Form 4 20
Rule 4 34-CVL              The Insolvency Act 1986
                           Statement of Company's
                           Affairs
                           Pursuant to Section 95/99 of the
                                                                      $.95/99
                           Insolvency Act 1986


                                                                            For official use
                                                                                          u



                           To the Registrar of Companies

                                                              Company Number
                                                            [02754668
                           Name of Company
 (a) Insert full name of
                company | Electratest Limited



    (b) Insert full name   We, Lisa Thomas and David Kirk, of
            and address
                           Neville & Co
                           1 Buckland House
                           12 William Prance Road
                           Plymouth International Business Park
                           Plymouth
                           PL6 5WR


         (c) Insert date   the liquidator of the above named company attaches a statement of
                           the company’s affairs as at 29" January 2015




                           Signed                                    Date 29" January 2015
                                     v/a
    Presentersname,         =                                          For Official Use




                           fen
address and reference                                      Liquidation Section        Post Room
               (if any)
Rule 4.34                                                                       Form 4.19

            Statement of Affairs
            IN THE MATTER OF ELECTRATEST LIMITED
                                                 And
                            IN THE MATTER OF THE INSOLVENCY ACT 1986

            Statement as to affairs of
            ELECTRATEST LIMITED


            On the 29" January 2015              the date of the resolution for winding up




            Statement of Truth
            | believe that the facts stated in this statement of affairs are a full, true and
            complete statement of affairs of the above named company as at 29"
            January 2015

FULL NAME            STEPHEN DUGDALE


ADDRESS              LANNER INN, THE SQUARE, LANNER, REDRUTH
                     CORNWALL, TR16 6GEH



                     Signature                               '




                     Date      290115
, A— Summary of Assets

                                                                     Book      Estimated to
 Assets                                                              Value        Realise
                                                                       £             £


     Assets subject to a Fixed Charge:-

     None




    Assets subject to a Floating Charge:-




     Uncharged Assets
                                                                      4,800           4,800
    Cash at Bank                                                        100             100
    Stock                                                                  0          3,400
    Office Equipment




    Estimated total assets available for preferential creditors £    4,900           8,300 |




    Signature                                        Date 29 01 15
At — Summary of Liabilities

                                                                               Estimated to
                                                                                  Realise
                                                                                    £
       Estimated total assets available for preferential                   £
                  creditors (carried from page A)                                          8,300

Liabilities

  Preferential creditors (holiday and arrears due)                                      (11,084)
                                                                  L
Estimated deficiency as regards preferential creditors                                   (2,784)

  Estimated Prescribed Part of Net Property (to c/f)                                        N/A

Estimated total assets available for floating charge holder                              (2,784)

  Debts secured by a floating charge                                                            0
                                                              L
Estimated deficiency of assets after floating charge          |                          (2,784)

  Estimated Prescribed Part of Net Property (b/d)             |                             N/A

Total assets available to unsecured creditors

  Trade and Other Creditors                                           48,745
  HM Revenue and Customs (VAT)                                         4,324
  Director's Loan Account                                             83,000        (136,069)


Estimated deficiency as regards non-preferential creditors                          (138,853)
(excluding shortfall to floating charge holder):-
                                                                                            N/A
  Shortfall to floating charge holder (b/d)                   |

Estimated deficiency as regards creditors                                           (138,853)

  Issued and called up capital -                                                            N/A

  Share Capital                                                                             100


  Estimated deficiency as regards shareholders                                      (138,953)




     Signature                        .   Date       290115
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                                                                                                                                                                             OD 8 SIIAON
                                                 Electratest Limited
                                            (Company Number (02754668))



NOTES TO THE STATEMENT OF AFFAIRS

    1     The Statement of Affairs form is subject to the costs of winding up.

    2     The inclusion of any creditor does not constitute an admittance of their debt — all claims are subject to
          formal adjudication


Assets

Cash _at Bank
The company had a balance of £4,800 which has been transferred to Neville and Co           Neville and Co are
holding this in their chent account on account of their pre liquidation costs.

Stock and Office Equipment
The company owns various items of stationery, office furniture, cornputers, monitors and a fax machine

Liabilities

Preferential Creditors

This relates to estimated employee claims in respect of holiday pay arrears of wages due

Floating Charge

According to Companies House records, HSBC Bank (“HSBC”) has a Floating Charge registered however it
1s understood that the Bank ts not owed anything by the company and therefore the assets disclosed in
Statement of Affairs have been treated as not subject to a floating charge

Unsecured Creditors

Trade and expense creditors are estimated to total £136,069 included in this figure 1s

1 An estimated debt of £4,324 due to HM Revenue & Customs in respect of VAT
2 A debt due to an associated company (Electratest Wales and South West Limited) of £7,060
3 A Directors Loan account for £83,000

Shareholders

The net shortfall to creditors ts £55,853    By adding the issued share capital of 100 ordinary shares there !s an
estimated deficiency as regards members of £55,953


Prescribed Part

Section    176A   (2) of the Insolvency Act 1986     (‘The Prescribed   Part’) reserves a part of the assets for
unsecured creditors

This section does not apply to this case as it only applies when a company has granted a floating charge
after 15" September 2003 and tn this case it is belteved that there 1s no longer a debt due under HSBC's
debenture per above