Case details for Adesimibo OGUNLESI

Name: Adesimibo OGUNLESI


Date of Birth: 23 / 7 / 1984

Date Order Starts: 15 / 7 / 2019

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 07697526

Last Known Address: 15 ST.Patricks Way, , Bletchley, , Milton Keynes, MK3 5EP

Conduct: Adesimibo Ogunlesi (“Ms Ogunlesi”) failed to ensure that KHARIS&CO Limited (“Kharis” or “the Company”) 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 herself. As a result the Company became unable to meet its financial commitments to HMRC as and when they became due from at the latest March 2014 in that:

  • VAT liabilities of £13,548 plus surcharges totalling £2,606 were incurred for the quarterly periods ending 01/14, 04/14 and from 10/14 to at least 04/16.
  • Payments totalling £3,825 were made towards the Company’s VAT liability of £8,625, with the last payments being made in the sum of £100 on 2 September 2016. The VAT liability for the 01/14 return should have been paid in full by no later than March 2014 but remained unpaid at the date of liquidation.
  • Only 1 subsequent VAT return, for the period ended 07/14, was paid in full.
  • The Company filed all of its VAT returns late. For example the returns for the periods ended 10/15, 01/16, 04/16 and 07/16 were all filed on 17 November 2016.
  • A CT liability of £3,385 was incurred for the years ending 31 December 2014, 31 December 2015 and 31 December 2016.
  • Of the Company’s CT liability of £1,206.60 for the year ended 31 December 2014, only £806.60 was paid leaving a liability due at the date of liquidation of £400. This should have been paid by no later than October 2015.
  • At liquidation, HMRC claimed £19,743 and the Company had no other recorded creditors.
  • She states that she continued to take personal remuneration throughout the period, and an analysis of the Company’s bank accounts for the period between 27 September 2017 to 31 May 2018 shows that payments were made relating to personal expenditure. No monies were retained or set aside by her for the payment of the Company’s tax liabilities. She failed to ensure that the Company maintained and/or preserved adequate accounting records, or in the alternative, she failed to deliver up such accounting records as were maintained. In the absence of adequate accounting records, it has not been possible to ascertain:
  • The Company’s documented turnover for the entire period of trade from 2013 to 2018.
  • Whether all income due to the Company has been received.
  • Whether the reported position of HMRC remaining the sole creditor is correct.
  • Whether the transactions effected through the Company’s bank accounts were in the ordinary course of business and to the benefit of the Company.
  • The level of personal benefits taken by her, and the existence, use, or final position of any directors loan account.
  • When the Company ceased trading. 

    This information is correct as at 27 / 6 / 2019

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