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Rule 4.34-CVL                                                                                                      Form 4.20

                             The Insolvency Act 1986
                             Statement of Company’s Affairs                                                    S     95/99
                             Pursuant to Section 95/99 of the
                             Insolvency Act 1986

                             To the Registrar of Companies
                                                                                                               For Official Use

                                                                                                                               |   |
                                                                                     Company Number
                                                                                                      01051002
                             Name of Company
{a) Insert full name    of
company                      Dry Transfers Limited




(b) Insert full     name         1 Alex Kachan1 of Crawfords Accountants LLP
and address                      Stanton House
                                 41 Blackfnars Road
                                 Salford
                                 Manchester M3 7DB



    Insert date
(¢) In                       the Liquidator of the above named    company   attach a statement of the company’s affairs as
                             at 24 May 2012




                             Signed         nou              ae               Date   24 May 2012



Presenter’s name,            Crawfords Accountants LLP                      For Official Use
address and reference        Stanton   House                                Liquidation Section           Post Room
                             41 Blackfnars Road
                             Salford
                             Manchester M3 7DB                                %
                             C420/5/AK/SH                                     @
                                                                              &                *A1ABBWPS*
                                                                              °      A20          02/06/2012            #130
                                                                                           COMPANIES HOUSE
Rule 4.34-CVL                                                                         Form 4.19

                Statement Of Affairs
                                                                                                No     of
                In The

                IN THE MATTER         OF Dry Transfers Limited

                                                              and

                              IN THE MATTER OF THE INSOLVENCY                         ACT 1986
                Statement as to the affairs of   Dry Transfers Limited



                on the 24 May 2012 the date of the resolution for winding up


                Statement of Truth


                I    Mr Anthony David Brewin

                of   13 Main Street, Croxton Kerrial, Grantham, Lincs, NG32               1QF


                Make a Statement     of Truth    and   say   that the   several   pages    exhibited    hereto   and
                marked “ADB1”


                are to the best of my knowledge and belief a full, true and complete statement as to
                the affairs of the above named company as at 24 May 2012 the date of the resolution
                for winding up and that the said company carried on business as Screen Industrial
                Printers




                signature be                 fw
                vue _ 24 /sh
                                     IN THE MATTER        OF

                                     Dry Transfers Limited




This 1s the exhibit marked “ADB1” referred to in the Statement of Truth of Mr Anthony David Brewin
A-~—Summary of Assets

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




Assets not specifically pledged:—
Office Equipment                                               NIL          Note 2
Plant & Machinery                                              NIL          Note 2
Office Equipment Subject to Walking Possession Agreement       NIL          Note 2
Plant & Machinery Subject to Walking Possession Agreement      NIL          Note 2
Cash at Bank                                                 10,904         10,904
Cash in Hands of Accountants                                  4,200          4,200
Trade Debtors                                                 7,600          2,160




Estimated total assets available for creditors               22,704         17,264




Signature            ¥     Vz

Date        2¢/sh (a
Summary of Assets (7/98)
Al - Summary of Liabilities

                                                                                Estimated to
                                                                                  Reahse

                     Estimated total assets available for                          17,264
                     creditors (from Summary of Assets)
Liabilities




Estimated surplus as regards creditors                                            17,264
        Debts secured by a floating charge:—




Estimated surplus of assets available for non-preferential creditors              17,264
        Non-preferential claims:—
                                                                            £
        Trade creditors per schedule                                    9,180
        Crown creditors per schedule                                   62,978
        Redundancy Payments Office                                     10,655
                                                                                  82,813


Estimated deficiency as regards creditors                                         65,549



                                                                            £
        Issued and called-up capital:-                                  5,000
                                                                                   5,000
Estimated deficiency as regards members                                           70,549




cue Uefila
Summary of Liabilities (7/98)
                                                     Dry Transfers Limited

Notes to the Statement of Affairs

1          The latest 2011      accounts reported fixed assets at £145,000 comprised a property at Charlotte Street,
           Melton, Mowbray,         Leicestershire in which Lloyds TSB                Bank Plc has a legal mortgage registered over
           the property dated 25 March 1985 The Company’s property was marketed by a local firm of Estate
           Agents for over 12 months with an asking price of £175,000 In early 2012, the Estate Agents received
           an offer from Mr N King, an independent third party, for £145,000 The Agents recommended the
           acceptance of the offer shortly thereafter, as there were no other interests shown in the property.
           Accordingly, the Company instructed solicitors who then sold the property to Mr N King for £145,000
           and the net proceed of £137,000 was discharged as follows                    -

           11    The solicitor acted for the Company made a payment of £61,000 to Lloyds TSB Bank Ple in
                 settlement of a secured loan over the property, together with a further payment of £41,000 in
                 settlement of the Company’s overdraft which was secured over the property

           12    The    solicitor   subsequently     transferred    the     balance    of circa   £35,000     into the   Company’s    bank
                 account with Lloyds TSB Bank Plc

           13    A sum of circa £5,000 was paid to Lloyds TSB Bank Plc in settlement of outstanding credit card
                 statements incurred by the Company

           14    A payment of circa £1,000 to company accountant 1n respect of outstanding professional fees.

           15    Various     payments    totalling   approximately          £3,000    to trade    creditors   m   respect   of outstanding
                 invoices

           1.6   Various payments to former staff in lreu of notice totalling approximately £8,200

           1.7   Various business expense payments totalling £3,600.

           18    A sum of £4,200 was transferred to Crawfords Accountants LLP and the funds are presently held
                 in a clrent account pending the appointment of a Liquidator This sum is shown on the Statement of
                 Affairs as cash in hands of accountants

           19    It 1s understood that there 1s still a credit balance at bank in the sum of circa £10,904 subject to
                 final interest and charges

          The    appointed    Liquidator    will need     to make         further enquiries to determine          whether   or not certain
          payments made by the Company tn the months prior to the commencement of the Irquidation were made
          m contravention of Section 239 of the Insolvency Act 1986 under preferences

          On 1 May 2012, HM Revenue and Customs obtained a Waking Possession Agreement over a number of
          physical assets at the Company’s premises with an estimated market value of £1,800 and a forced sale
          value of £500. The appomted Liquidator will ascertain the validity of the Walking Possession
          Agreement and deal with the assets subject to Walking Possession Agreement accordingly The
          Company also had a number of physical assets which were not subject to a Walking Possession
          Agreement with an estimated market value of £1,970 and a forced sale value of £800 All assets were
          sold to Mr P McCafferty trading as LTS Screen Printing, a former employee, in the sum of £1,800 plus
          VAT on 31 March 2012. No sum has been recetved to date, and this transaction is cluded                                within the
          trade debtors of £7,160

          The directors advise that there are trade debtors with a total book value of circa £7,160 at the date of
          Itquidation    but the recoverability of these book debts are uncertain,                   as no details have     been received
          from the directors at the tume of reporting              For the purpose of the Statement of Affairs, no value has
been placed on the recoverability of the book debts, other than the debtor referred to in paragraph 2
above, against which no provision for reduction has been made

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

No provision has been made in respect of claims by employees under the terms of the Employment
Rights Act   1996    The directors advise that      a company   loan was obtained from Redundancy Payments
Office in the sum of circa £10,655 which was then used to pay staff redundancy. The quantum of this
claim has not been independently verified at the time of reporting For the purpose of the Statement of
Affairs, Redundancy Payments Office is included as an unsecured creditor for the purpose of the report.

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 ts known as
the “prescribed     part   of the net   property”   A   company’s   net property       is 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

In cases, there 1s a qualifying floating charge created or registered on or after this date in favour of
Lloyds TSB Bank Plc. It 1s understood that the Company ts not indebted to Lloyds TSB Bank Plc at the
date of the liquidation    Therefore, the prescribed part does not apply in this case

Subyect to the costs and expenses of the winding up

Subject to the verbal explanations to be given at the meeting of creditors 24 May 2012

Estimated Deficiency Account                                                       £                            £

Amounts written off assets

     Book Value                                                                 22,704
     Estimated to Realise                                                       17,264
                                                                                                           5,440

     Proceeds from Sale of Property [Note 1]                                   145,000
     Book Value                                                                145,000
                                                                                                             NIL

     Profit and Loss Account — 31 March 2011                                                              37,549

     Redundancy costs                                                                                     10,655

     Notice Pay                                                                                            8,200

     Estimated trading losses for the period from
     1 April 2011 to cessation                                                                             8,705

     Estimated Total Deficiency as per
     Statement of Affairs                                                                                 70,549
                                             DRY TRANSFERS       LIMITED

Schedule of Trade Creditors

                                                                                                           £
908 Ltd Unit 8, Derwenthaugh Marina,, Blaydon on Tyne,, Tyne & Wear, NE21 SLL                         34.20
Acorn Screen Products Limited Unit 10, Meadow Lane Ind Estate, Meadow Lane,                          270.96
Loughborough, LE11] 13x

Allsigns International Limited 2 Brunel Ind Estate, Blyth Road, Harworth, Doncaster, DN11            112.12
8QA
Alpha Find the Needle        26 Hockerill Court, London Road, Bishop's Stortford, Hertfordshire,     234.00
CM23 5SB
Apollo Colours Limited Unit E4, Kingfisher Business Park, Hawthorne           Road, Bootle, L20      283.98
6PE
Biffa Waste Services Limited         PO Box 645, High Wycombe, HP12 3WF                              136 76

BT Department W, Durham TE, Providence Row, Durham, DH1               IRR                             59.47

Cardsave Holdings Limited Parkway Offices, Acorn Business Park, Moss Road, Grimsby,                  144 00
North East Lincolnshire, DN32 0LW
DevMac Systems Limited 9 Granary Wharf Business Park, Whetmore Road, Burton on                       215.64
Trent, Staffs, DEI4 1DU
E.ON - Electric PO Box 7750, Nottingham, NG] 6WR                                                   unknown

E ON - Gas      PO Box 7750, Nottingham, NGI        6WR                                            unknown

GSM      Graphic Arts Limited      Castlegarth Works, Thirsk, North Yorkshire, YO7   IPS             5379.55

GSM      Industrial Graphics Ltd    Avenue One, Station Lane Industrial Estate, Witney, Oxon,        651.80
OX8 6XX

Hallmark Tapes Limited        Ashwell Street, Netherfield, Nottingham, NG4 2FQ                       403.82

Melton Town Centre Partnership          Melton Mowbray Building Society, Leicester Road,              60.00
Melton Mowbray, Leicestershire, LE13 ODB
Namesco Limited Acton House, Perdiswell Park, Worcester, WR3            7GD                           48.98

Premier Screen Services Limited 73/74 Lower Dartmouth Street, Birmingham, B9 4LA                     664 13

Print Concern Limited 29 Pony Road, Horspath Industrial Estate, Oxford, OX4 2RD                      684.13

R. P.N     Limited Unit 7 Barrington Park, Leycroft Road, Leicester, LE4 1ET                         129 98

S AS     Materials Limited    956 Kingsbury Road, Erdington, Birmingham, B24 9PZ                   1,474.80

Self Adhesive Specialities Limited Phoentx House, Strawberry Lane, Willenhall, West                1,049 04
Midlands, WV13 3RS
Severn Trent Water Limited PO Box 371, Birmingham, B3 1DL                                            123.31

Streamline     Gateshead Card Centre, PO Box 27, Victory House, Fifth Avenue, Gateshead,              95.79
NE8 |HJ
TAS Software Limited North Park, Newcastle upon Tyne, NE13 9AA                                       243 48
The Signmakers Warehouse Limited Unit 19, The Vanguards, Shoeburyness, Essex, SS3                      $29.50
9Q)
United Wipes Limited United House, Spring Corpse Business Park, Slinford, Horsham,                     197.28
West Sussex, RH13 0SZ

Victory Design Limited                                                                                 753.66
Forest Buildings, 41 Creweli Road, Clowne, Chesterfield, Derbyshire, S43 4PN


                                                                                                    9,180.38


Schedule of Crown Creditors

H M Revenue & Customs            NI Contributions Office, Insolvency   Longbenton, Newcastle                   £
upon Tyne, NE98      1ZZ      Ref.   267 PE00142271                                                 45,142 95

H M Revenue & Customs            Durrington Bridge House,, Barrington Road, Worthing, BN12             100 00
4SE      Ref:   44690 00913

HM Revenue & Customs Central Insolvency Sift Team, INW, Queens Dock, Liverpool,                     17,735   17
L74 4AA   Ref 290 1409 76



                                                                                               |   62,978.12       |
Redundancy Payments Office

                                                                                                               £
Birmingham RPO, 8-9th Floors Colbalt Square, 83-85 Hagley Road, Birmmgham, B16                      10,655 00
8QG

                                                                                                   10,655.00




 Total                                                                                         |   82,813.50