Case details for Victoria NICHOLS

Name: Victoria NICHOLS

Name: LEJ LOGISTICS LTD

Date of Birth: 24 / 1 / 1980

Date Order Starts: 26 / 4 / 2022

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 11446530

Last Known Address: 1 Church Road,, Shilton,, , , COVENTRY,, CV7 9HX

Conduct: Victoria Nichols (“Mrs Nichols”) failed to ensure that LEJ LOGISTICS LTD (“the Company”) complied with its statutory duties to make payments to HM Revenue and Customs ("HMRC") when due and caused the Company to trade to the detriment of HMRC from at least 07 January 2020 in respect of Value Added Tax (“VAT”), and 22 July 2019 in respect of Pay As You Earn/National Insurance Contributions (“PAYE/NIC”) until liquidation on 19 May 2021. As a result, VAT liabilities (including surcharges) estimated in the sum of at least £222,650, and PAYE/NIC liabilities in the sum of £313,563 remained overdue and outstanding on liquidation. In that: VAT • HMRC's final claim records that VAT and surcharges in the total sum of £243,777 was claimed in the liquidation, and which accrued from the 1 September 2019 onwards. • The VAT return in respect of period 11/19 was due for payment in full by 7 January 2020. • HMRC's final claim confirms that surcharges relating to the period 1 August 2020 onwards in the sum of £11,244 remained outstanding on liquidation. • Management accounts provided by the accountants record that net VAT (including surcharges) in the sum of £222,650 accrued between VAT periods 01/20 and 01/21. Period 04/21 was not due until after liquidation. • The Company's available bank statements record no payments were made to HMRC in respect of its VAT liabilities from at least 7 May 2020 onwards. VAT account records provided by the accountant records that payments in the total sum of £1,937 were allocated to the VAT account in respect of periods 01/20 and 04/21. PAYE/NIC • HMRC's final claim confirms that PAYE in the sum of £37,620.79 and Employee NIC in the sum of £31,353.41 remained outstanding in respect of months 3-12 of tax year 2019/2020. PAYE and Employee NIC for month 3 of tax year 2019/2020 was due for payment by 22 June 2019. • HMRC's final claim confirms that Employer NIC and interest in the sum of £38,875.94 remained outstanding in respect of months 2-12 of tax year 2019/2012. • HMRC's final claim confirms that PAYE in the sum of £122,473.79 and Employee NIC in the sum of £26,122.72 remained outstanding in respect of months 1-12 of tax year 2020/2021. • HMRC's final claim confirms that Employer NIC in the sum of £57,116.68 remained outstanding in respect of months 1-12 of tax year 2020/2021. • The Company's PAYE/NIC liabilities are based on RTI returns. • The Company's available bank statements confirm that no payments were made to HMRC in respect of its PAYE/NIC liabilities from at least 7 May 2020 onwards. Comparative treatment • The Company's accounts for the periods ended 31 July 2019, 31 July 2020 and 7 April 2021 record that social security and other tax liabilities increased year on year during these accounting periods from £62,552 (2019) to £339,061 (2020) to £541,415 (2021). Trade creditors remained relatively static throughout (£16,096 (2019), £6,925 (2020) and £10,291 (2021)). • The Company's accounts confirm that she received gross remuneration in the sum of £42,498 during accounting period ended 31 July 2019, £235,871 during accounting period ended 31 July 2020, and £54,663 during the accounting period ended 7 April 2020. The Company's outstanding tax liabilities accrued over the same periods. • HMRC is the majority creditor claiming the total sum of £557,740 in the liquidation. The bank is owed the sum of £62,618 and trade creditors owed £9,890. • The Company's available bank statements record that from 7 May 2020 to liquidation on 19 May 2021, the Company's current account received credits totalling at least £729,438 and expended at least £716,962 of which no payments were made to HMRC from the account towards the Company's tax liabilities during this same period. Net payments in the sum of £46,635 were made to her, payments in the sum of £28,965 to connected party and cash withdrawals in the sum of £20,300 were made over the same period. 

This information is correct as at 5 / 4 / 2022



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