Case details for GARRY PAUL STOKES

Name: GARRY PAUL STOKES

Name: BROOKSON (5758A) LIMITED

Date of Birth: 28 / 5 / 1957

Date Order Starts: 7 / 1 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 06080454

Last Known Address: 41 Blackstitch Lane, Webheath, , , REDDITCH, B97 5TE

Conduct: Garry Paul Stokes, (“Mr Stokes”) failed to ensure that Brookson (5758A) Limited (“5758A”) met its financial commitments as regards to Corporation Tax (“CT”) and Value Added Tax (“VAT”) and caused the company to continue trading whilst withdrawing funds for the benefit of himself. As a result the company became unable to meet its financial commitments to HMRC as and when they became due at the latest from 1 January 2015 until 30 August 2016 when 5758A ceased trading. In that: Corporation Tax

  • 5758A made the required CT return for the year ended 31 March 2014 but failed to pay the amount due in full by 31 December 2014 meaning that on 1 January 2015 5758A was in arrears with respect to CT. A total of £7,551 remained outstanding for this period at the date of the winding up order.
  • 5758A made the required CT return for the year ended 31 March 2015 and a total of £12,999 was due. No payments were made by 5758A in respect of this period and the full amount of £12,999 remained outstanding at the date of the winding up order.
  • 5758A failed to make the required CT return for the year ended 31 March 2016. Whilst HMRC did not raise an assessment in this regard, an analysis of 5758A’s bank statements shows that CT in the sum of £13,712 would have been due had a return been submitted.
  • Information provided by HMRC shows that they received one payment in respect of the period 1 April 2013 onwards, which was for £4,838 and was made on 24 August 2016. This payment was not reflected in 5758A’s bank statements.
  • HMRC have submitted a Proof of Debt which shows that in total £20,550 was due to HMRC in respect of unpaid CT. However if the Official Receiver’s calculation for the year ended 31 March 2016 is included a total of £34,262 in CT was outstanding at the date of the winding up order, of which £26,711 became due in the period 1 January 2015 to 30 August 2016. VAT
  • 5758A had VAT arrears of £3,926 on 31 December 2014.
  • 5758A submitted seven VAT returns for the period 1 January 2015 to 30 September 2016 which resulted in a further VAT liability of £17,145.
  • In the period 1 January 2015 to 30 August 2016 payments totalling £10,039 were made to HMRC in respect of VAT, which included a payment of £3,482 in respect of the VAT return for the 12/14 period.
  • 5758A’s VAT liability therefore increased by £10,587 from £3,926 to £14,513, excluding surcharges, in the period 1 January 2015 to 30 August 2016. Comparative Treatment
  • 5758A’s bank statements show that in the period 1 January 2015 to 30 August 2016 5758A made payments totalling £128,644 from its bank account. He received £103,445 and £14,660 was withdrawn in cash. HMRC received £6,598 from the bank account in the same period.
  • 5758A’s liabilities in the winding up total £46,503 of which HMRC are owed £40,805. 

    This information is correct as at 19 / 12 / 2018



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