Case details for BARRY BASSETT

Name: BARRY BASSETT

Name: EUROMASTER (ENGINEERING) LIMITED

Date of Birth: 30 / 3 / 1954

Date Order Starts: 14 / 11 / 2022

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 08014580

Last Known Address: 174 Northumberland Avenue, , , , WELLING, DA16 2PY

Conduct: Barry John Bassett caused or allowed Euromaster (Engineering) Limited hereinafter referred to as Euromaster) to trade to the detriment of HMRC in respect of CIS, PAYE/NI from 1 April 2019 and in respect of VAT from 7 May 2020, so as at the date of Liquidation on 7 July 2021 Euromaster had an outstanding liability with HMRC of at least 468,452.20. PAYE: As at 31st March 2019 Euromaster had submitted returns and made payments to HMRC in respect of PAYE/NI/CIS so that 62,158.64 remained outstanding. Between 1 April 2019 and July 2021 Euromaster deducted 379,664.09 of PAYE and 51,611.49 of CIS that was due to be paid over to HMRC. A further 5,426.45 was incurred related to interest, penalties and charges resulting in a total of 436,702.03 being due to be paid to HMRC throughout the period. Between 1 April 2019 and July 2021 Euromaster had Employer Payment Submission deductions totalling 136,921.42 that would be deducted from the amount owing to HMRC. 3000.00 of Employment Allowance was also deducted during the period. Euromaster made payments totalling 39,666.75 towards the amounts outstanding to HMRC between 1 April 2019 and July 2021 so as at the date of Liquidation 319,272.50 remained outstanding to HMRC in respect of PAYE/NIC and CIS. VAT For all periods from 01/13 to 12/19 (29 periods) Returns were submitted mostly on time and all payments made in full. For periods 03/20 to 03/21 (5 periods) 3 returns were submitted totalling 91,550.75. Surcharges totalling 2,954.45 were levied relating to those returns. No payments were made towards those returns or surcharges. During the same period 2 assessments were raised by HMRC as no returns were submitted and those assessments totalled 49,956.00. Surcharges totalling 4,718.50 were levied relating to those assessments. No payments were made towards the assessments or the surcharges. As at the date of Liquidation Euromaster had incurred a liability in respect of VAT with HMRC of 149,179.70 Comparative treatment: Finalised accounts for the year ending 31 March 2019, show trade and other creditors were 174,228 and reduced to 76,238 as at the date of liquidation. Taxation and Social Security creditors were stated as 152,576, which increased to 468,452.20. Between 01 April 2019, being the first day after the last set of accounts filed at Companies House and 09 July 2021, the date of liquidation, excluding contra entries, 3,220,440.56 was paid out of the bank account. Of which; 1,507,986.44 was paid to trade and for business expenses; 860,895.42 was paid for wages; 301,808.00 has been transferred to other company accounts, 209,125.53 has been paid in direct payments to Barry Bassett or for what appears to be to his benefit; 122,971.16 has been paid in direct payments to Richard Berry or for what appears to be to his benefit; while 166,056.81 has been paid to HMRC. 

This information is correct as at 26 / 10 / 2022


Name: RICHARD JAMES BERRY

Name: EUROMASTER (ENGINEERING) LIMITED

Date of Birth: 7 / 2 / 1957

Date Order Starts: 16 / 11 / 2022

Disqualification Length: 2 Years 6 Month(s)

CRO Number: 08014580

Last Known Address: 48 MAPLINS CLOSE, RAINHAM, , , GILLINGHAM, ME8 8BG

Conduct: Richard Berry caused or allowed Euromaster (Engineering) Limited hereinafter referred to as Euromaster) to trade to the detriment of HMRC in respect of CIS, PAYE/NI from 01 May 2020 and in respect of VAT from 7 May 2020, so as at the date of Liquidation Euromaster had an outstanding liability with HMRC of at least 468,452.20. Between May 2020 and July 2021 Euromaster deducted 222,752.67 of PAYE and 23,365.35 of CIS that was due to be paid over to HMRC. A further 4,593.99 was incurred related to interest, penalties and charges resulting in a total of 250,712.01 being due to be paid to HMRC throughout the period Between May 2020 and July 2021 Euromaster had Employer Payment Submission deductions totalling 64,161.34 that would be deducted from the amount owing to HMRC. Euromaster made a single payment totalling 7,551.78 toward the amounts outstanding to HMRC between May 2020 and July 2021 so as at the date of Liquidation 313,172.48 remained outstanding to HMRC in respect of PAYE/NIC and CIS VAT For all periods from 01/13 to 12/19 (29 periods) Returns were submitted mostly on time and all payments made in full. For periods 03/20 to 03/21 (5 periods) 3 returns were submitted totalling 91,550.75. Surcharges totalling 2,954.45 were levied relating to those returns. No payments were made towards those returns or surcharges. During the same period 2 assessments were raised by HMRC as no returns were submitted and those assessments totalled 49,956.00. Surcharges totalling 4,718.50 were levied relating to those assessments. No payments were made towards the assessments or the surcharges. As at the date of Liquidation Euromaster had incurred a liability in respect of VAT with HMRC of 149,179.70 Comparative treatment: Finalised accounts for the year ending 31 March 2019, show trade and other creditors were 174,228 and reduced to 76,238 as at the date of liquidation. Taxation and Social Security creditors were stated as 152,576, which increased to 468,452.20. Between 01 May 2020, and 09 July 2021, the date of liquidation, excluding contra entries, 1,585,891.67 was paid out of the bank account. Of which; 725,728.17 was paid to trade and for business expenses; 426,190.62 was paid for wages; 244,700.00 has been transferred to other company accounts, 112,615.53 has been paid in direct payments to Barry Bassett or for what appears to be to his benefit; 69,105.57 has been paid in direct payments to Richard Berry or for what appears to be to his benefit; while 7,551.78 has been paid to HMRC. 

This information is correct as at 27 / 10 / 2022



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