Case details for SIMON WARD

Name: SIMON WARD

Name: OLIGAN COMMUNICATIONS LIMITED

Date of Birth: 17 / 2 / 1965

Date Order Starts: 4 / 12 / 2018

Disqualification Length: 3 Years 5 Month(s)

CRO Number: 08763277

Last Known Address: 6 Printers Place,, Orange Lane, Over Wallop,, , STOCKBRIDGE, SO20 8JB

Conduct: Mr Simon Richard Francis Ward (“Mr Ward” or “the director”) caused Oligan Communications Limited (“Oligan”) to trade to the detriment of HM Revenue and Customs (“HMRC”) in respect of VAT due from at least 22 October 2014 to 11 July 2017 as follows: VAT

  • Oligan registered for VAT with effect from 5 November 2013.
  • Following a payment of £7,697.30 on 21 October 2014 Oligan had outstanding liabilities of £4,155.30 for the period 08/14.
  • Oligan failed to submit any further VAT returns until 2 December 2016.
  • HMRC issued assessments and surcharges for the periods 11/14, 02/15, 05/15, 08/15, 11/15, 02/16, 05/16 and 08/16 showing a further £35,501.30 was due, the total liability being £39,656.60.
  • Oligan failed to make any payments towards this outstanding liability.
  • On 29 November 2016 a payment of £4,500 was made reducing the outstanding liability to £35,156.60.
  • Oligan submitted returns for the periods 11/14, 02/15, 05/15, 08/15, 11/15, 02/16, 05/16, 08/16 and 11/16 on 2 December 2016.
  • HMRC processed these returns and consequently amended surcharges, the outstanding liability being £35,353.73.
  • Further payments were received on 23 March 2017 (£2,500) and 19 April 2017 (£3,297.53) reducing the liability to £29,556.20.
  • A further return for £3,477.39 was submitted for the period 02/17 on 19 April 2017 and this incurred a surcharge of £521.60.
  • No further returns were submitted and HMRC raised further assessments and surcharges for the periods 05/17 and 08/17.
  • The total outstanding at liquidation is £34,999.36 VAT and surcharges of £4,843.78. Total HMRC Liability
  • At liquidation HMRC have claimed a total liability of £40,343.14 including Corporation Tax of £500. Comparative Treatment of HMRC
  • At liquidation HMRC was Oligan’s only creditor with claimed debts totalling £40,343.14.
  • Between 22 October 2014 and 11 July 2017 the liability to HMRC in respect of VAT increased from £4,155.30 to £39,843.14.
  • Unaudited financial statements for the year ended 30 November 2014 show trade and other creditors of £720, decreasing to £0 by 11 July 2017.
  • Whilst amounts due to HMRC increased, the director withdrew from the company via the Director’s Loan Account at least £60,000 as at liquidation. he is unable to repay this loan.
  • Amounts taken by the shareholder (connected party) by way of dividends according to the company accounts totalled £63,500 as well as remuneration of £25,866 a total of £89,366. 

    This information is correct as at 19 / 11 / 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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