Case details for MICHELLE JONES

Name: MICHELLE JONES

Name: EARLY YEARS ACADEMY LIMITED

Date of Birth: 24 / 2 / 1990

Date Order Starts: 30 / 10 / 2018

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 07675122

Last Known Address: 7 QUINCY CLOSE, , , , NUNEATON, CV11 6AY

Conduct: Mrs Michelle Jones (“Mrs Jones”) caused Early Years Academy (“Early Years”) to trade to the detriment of Her Majesty’s Revenue & Customs (“HMRC”) by failing to make payments in full in respect of Pay as You Earn (“PAYE”) and National Insurance Contributions (“NIC”) from 22 August 2013 and Corporation Tax from 01 May 2015 to 31 October 2016 when Early Years ceased to trade whilst making loans to connected companies totalling £185,034 at liquidation. At Liquidation, Early Year’s liability to HMRC totalled £72,411. In particular:- PAYE/NIC

  • Early Years made payments totalling £3,000 and received credits totalling £2,434 against a PAYE/NIC liability of £13,683 for the 2013/14 tax year.
  • Early Years made no payments against a liability of £12,922 but received employee allowances and credits totalling £7,534 for the 2014/15 tax year.
  • Early Years made payments of £811 against a liability of £15,640 and received employee allowances and credits totalling £5,139 for the 2015/16 tax year.
  • Early Years made no payments against a liability of £12,882 and received employee allowances of £3,000 for the 2016/17 tax year leaving an outstanding liability of £33,208 at Liquidation.
  • The last payment made to HMRC in respect of PAYE/NIC was £500 on 15 June 2016 and was paid against the 2012/2013 tax year. Corporation Tax
  • Early Years made no payments towards Corporation Tax from 01 May 2015 onwards when payment was due for the 2013/14 tax year leaving a liability of £39,203 at Liquidation. Connected Parties
  • The professionally prepared year end accounts for 31 August 2013 record that Early Years had loaned £52,800 to connected company A of which she was a director. In the year to 31 August 2014 Early Years loaned Company A a further £34,612 increasing the total it was owed to £87,412 at Liquidation.
  • Between the professionally prepared year accounts for 31 August 2013 and 31 August 2015 Early Years loaned £97,622 to connected company B of which she was a director and this amount remained outstanding at Liquidation
  • Neither Company A or Company B filed any accounts at Companies House
  • In the period 28 October 2013 to 16 November 2016 £1,670,803 was paid out of Early Years’ bank account, of which £3,000 was to HMRC in respect of PAYE/NIC and £79,849 was to herself, £132,234 was loaned to connected companies.
  • Early Years professionally prepared management accounts to 28 February 2015 record trade and expense creditors of £12,012 which have increased by liquidation to £14,097. By comparison amounts owed to HMRC in respect of PAYE/NIC and CT have increased by £35,281 to £72,411 at liquidation. 

    This information is correct as at 15 / 10 / 2018



    If you believe this page contains any errors, please email civil.proceedings.team@insolvency.gsi.gov.uk with details of the error that you have found.

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