Case details for Paul Anthony REYNOLDS

Name: Paul Anthony REYNOLDS

Name: KZ KITCHENS LIMITED

Date of Birth: 25 / 8 / 1967

Date Order Starts: 4 / 6 / 2019

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 07659478

Last Known Address: 21 Grantley Place, , , , HUDDERSFIELD, HD2 1LZ

Conduct: Paul Anthony Reynolds (Mr Reynolds) caused or allowed KZ to trade to the detriment of HMRC in respect of Value Added Tax (VAT) from 8 December 2012, and in respect of Pay As You Earn tax and National Insurance Contributions (PAYE/NIC) from 23 June 2014 at the latest, until liquidation on 02 June 2016. In addition, He failed to ensure that KZ complied with its statutory duties to submit timely returns and payments to HMRC for VAT: VAT

  • KZ registered for VAT on 06 June 2011. Between 16 December 2011 and 11 December 2015, in the absence of filed returns, HMRC raised VAT assessments totalling 59,475 for the 15 VAT quarters ending 31 October 2011 to 30 April 2015 inclusive.
  • Between 26 March 2011 and 14 October 2015 KZ advanced VAT payments to HMRC totalling 40,338. Thereafter it made no further payments to HMRC allocated to VAT.
  • KZ failed to submit any VAT returns to HMRC until 13 January 2016 whereupon it submitted 15 overdue VAT returns for the quarters ending October 2011 to April 2015 showing a total liability of 128,658.
  • Between 12 February 2016 and 16 March 2016 KZ advanced a further three VAT returns for the VAT quarters ending July 2015, October 2015 and January 2016 showing an additional liability of 16,582.
  • Since 08 December 2012 VAT liabilities of 103,177 have fallen due against which payments of 34,172 have been made by KZ, 69,005 accruing in the period.
  • On liquidation HMRC ledgers show a liability for VAT of 121,960 including interest and surcharges of 10,543. PAYE/NIC
  • PAYE/NIC totalling 54,806 fell due for the tax year 2012/13. Payments totalling 31,193 were made by KZ during this tax year, leaving 23,613 owing in respect of this period.
  • PAYE/NIC totalling 53,961 fell due for the tax year 2013/14. Payments totalling 52,568 were made by KZ during this tax year, leaving 1,394 owing in respect of this period.
  • PAYE/NIC totalling 57,272 fell due for the tax year 2014/15. Payments totalling 2,610 were made by KZ during this tax year, leaving 54,662 owing in respect of this period.
  • PAYE/NIC totalling 58,312 fell due for the tax year 2015/16. Payments totalling 28,954 were made by KZ during this tax year, leaving 29,358 owing in respect of this period.
  • A final return was submitted in respect of the PAYE/NIC for the tax year ended 2016/17 which gave a liability due to HMRC of 4,025.
  • KZ incurred PAYE and NIC liabilities of 228,376 from returns and a further 6,011 in interest and penalties, it made payments against those liabilities of 115,324, leaving 119,062 owing at liquidation.
  • Since 23 June 2014 PAYE/NIC liabilities of 111,166 have fallen due against which payments of 22,211 have been made by KZ, 88,955 accruing in the period. Differential Treatment
  • Between 30 June 2013 (the date the first filed accounts run to) and liquidation on 02 June 2016, liabilities due from KZ to trade and expense creditors decreased by 38,339 from 64,335 to 25,966. In the same period, amounts owed to HMRC in respect of PAYE/NIC and VAT increased by 175,419 from 65,306 to 241,022. KZs bank statements show in the period 01 July 2014 to 02 June 2016, KZ made payments totalling 1,010,349. 60,366 was paid to HMRC, 495,759 to trade and expense creditors, 304,332 in wages, 81,782 to himself, 26,799 to payments to you, and unexplained payments of 7,622 were made to third parties.
  • KZs filed accounts for the periods ended 30 June 2013 and 30 June 2014 and draft accounts for the period ended 30 June 2015 all show KZ to be insolvent on a balance sheet basis. 

    This information is correct as at 22 / 5 / 2019


    Name: Michael SHEERIN

    Name: KZ KITCHENS LIMITED

    Date of Birth: 19 / 8 / 1965

    Date Order Starts: 4 / 6 / 2019

    Disqualification Length: 3 Years 6 Month(s)

    CRO Number: 07659478

    Last Known Address: 1 Claymere Avenue, , , , ROCHDALE, OL11 5WB

    Conduct: Michael Sheerin (Mr Sheerin) caused or allowed KZ to trade to the detriment of HMRC in respect of Value Added Tax (VAT) from 8 December 2012, and in respect of Pay As You Earn tax and National Insurance Contributions (PAYE/NIC) from 23 June 2014 at the latest, until liquidation on 02 June 2016. In addition, he failed to ensure that KZ complied with its statutory duties to submit timely returns and payments to HMRC for VAT: VAT

  • KZ registered for VAT on 06 June 2011. Between 16 December 2011 and 11 December 2015, in the absence of filed returns, HMRC raised VAT assessments totalling 59,475 for the 15 VAT quarters ending 31 October 2011 to 30 April 2015 inclusive.
  • Between 26 March 2011 and 14 October 2015 KZ advanced VAT payments to HMRC totalling 40,338. Thereafter it made no further payments to HMRC allocated to VAT.
  • KZ failed to submit any VAT returns to HMRC until 13 January 2016 whereupon it submitted 15 overdue VAT returns for the quarters ending October 2011 to April 2015 showing a total liability of 128,658.
  • Between 12 February 2016 and 16 March 2016 KZ advanced a further three VAT returns for the VAT quarters ending July 2015, October 2015 and January 2016 showing an additional liability of 16,582.
  • Since 08 December 2012 VAT liabilities of 103,177 have fallen due against which payments of 34,172 have been made by KZ, 69,005 accruing in the period.
  • On liquidation HMRC ledgers show a liability for VAT of 121,960 including interest and surcharges of 10,543. PAYE/NIC
  • PAYE/NIC totalling 54,806 fell due for the tax year 2012/13. Payments totalling 31,193 were made by KZ during this tax year, leaving 23,613 owing in respect of this period.
  • PAYE/NIC totalling 53,961 fell due for the tax year 2013/14. Payments totalling 52,568 were made by KZ during this tax year, leaving 1,394 owing in respect of this period.
  • PAYE/NIC totalling 57,272 fell due for the tax year 2014/15. Payments totalling 2,610 were made by KZ during this tax year, leaving 54,662 owing in respect of this period.
  • PAYE/NIC totalling 58,312 fell due for the tax year 2015/16. Payments totalling 28,954 were made by KZ during this tax year, leaving 29,358 owing in respect of this period.
  • A final return was submitted in respect of the PAYE/NIC for the tax year ended 2016/17 which gave a liability due to HMRC of 4,025.
  • KZ incurred PAYE and NIC liabilities of 228,376 from returns and a further 6,011 in interest and penalties, it made payments against those liabilities of 115,324, leaving 119,062 owing at liquidation.
  • Since 23 June 2014 PAYE/NIC liabilities of 111,166 have fallen due against which payments of 22,211 have been made by KZ, 88,955 accruing in the period. Differential Treatment
  • Between 30 June 2013 (the date the first filed accounts run to) and liquidation on 02 June 2016, liabilities due from KZ to trade and expense creditors decreased by 38,339 from 64,335 to 25,966. In the same period, amounts owed to HMRC in respect of PAYE/NIC and VAT increased by 175,419 from 65,306 to 241,022. KZs bank statements show in the period 01 July 2014 to 02 June 2016, KZ made payments totalling 1,010,349. 60,366 was paid to HMRC, 495,759 to trade and expense creditors, 304,332 in wages, 81,782 to himself, 26,799 to payments to you, and unexplained payments of 7,622 were made to third parties.
  • KZs filed accounts for the periods ended 30 June 2013 and 30 June 2014 and draft accounts for the period ended 30 June 2015 all show KZ to be insolvent on a balance sheet basis. 

    This information is correct as at 22 / 5 / 2019



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