Name: LUCIE JANE MURRAY

Name: ASSET TRANSPORT SERVICES LIMITED

Date of Birth: 28 / 3 / 1981

Date Order Starts: 6 / 11 / 2026

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 11662069

Last Known Address: 13 Firtree Avenue, Forest Hall, , , NEWCASTLE UPON TYNE, NE12 7JT

Conduct: During the period 22 February 2022 to 22 June 2023 (“PAYE period”), Mrs Murray caused Asset Transport Services Limited (“Asset”) to trade to the detriment of HM Revenue and Customs (“HMRC”) in respect of Pay as You Earn, National Insurance Contributions and Student Loan Deductions (“PAYE”), resulting in a PAYE liability increase of at least £277,458 during the PAYE period. In addition, Mrs Murray caused Asset to trade to the detriment of HMRC during the period 03 May 2022 to the cessation of trade, on or around 31 October 2023 (“VAT period”) in respect of Value Added Tax (“VAT”), resulting in a VAT liability increase of £164,659 during the VAT period. PAYE ? From the date of incorporation to the commencement of the PAYE period, Asset submitted PAYE returns for the months ended April 2019 to December 2021 with a combined liability of £208,051, with a further £1,862 added in respect of penalties/interest. Asset’s PAYE liability was reduced by payments, including those made under a Time to Pay Agreement (“TTP”), made to HMRC in respect of PAYE totalling £62,711. As a result, at the commencement of the PAYE period Asset’s PAYE totalled £147,202. ? On 30 December 2021 Asset entered into a TTP with HMRC in respect of outstanding PAYE liabilities. Asset’s final payment to HMRC in respect of the TTP was dated 09 February 2022 and on 23 February 2022 the TTP was cancelled. ? During the PAYE period, Asset submitted PAYE returns for the months ended January 2022 to May 2023 (excluding February 2022, January 2023 and February 2023), with a combined liability of £233,391. ? During the PAYE period, HMRC raised RTI specified charges for the tax months February 2022, January 2023 and February 2023, the charges totalled £48,644 and were raised due to the failure of Asset to submit the PAYE RTI returns for these months. ? During the PAYE period payments made by Asset in respect of PAYE totalled £4,576. ? During the PAYE period, Asset’s PAYE liability increased by £277,458 and as a result Asset’s PAYE liability at the cessation of trade excluding interest totalled £424,660. VAT ? Asset was registered for VAT with HMRC on 01 March 2019. Asset was required to account for its VAT from that point. As sole director, Mrs Murray was responsible for ensuring that Asset’s tax affairs were in order. ? From the date of VAT registration to the commencement of the VAT period, Asset submitted 5 VAT returns for the VAT quarters ended May 2019, November 2019, May 2020, August 2020 and November 2020 with a combined VAT liability of £17,841 and made no payments to HMRC in respect of VAT. As a result, at the commencement of the VAT period Asset’s VAT liability totalled £17,841. ? According to HMRC ledgers, during the VAT period, Asset submitted VAT returns to HMRC for the quarters ending February 2021 to May 2023, with a combined liability of £133,373. ? According to HMRC ledgers, during the VAT period, Asset submitted the outstanding VAT returns to HMRC for the quarters ending August 2019 and February 2020, resulting in a VAT reclaim of £5,117. ? HMRC ledgers also detail an assessment raised by HMRC in the absence of a return for the quarter ended August 2023 of £17,616. ? During the VAT period surcharges applied by HMRC totalled £18,000 and penalties applied by HMRC totalled £787. ? HMRC ledgers detail no payments received from Asset in respect of its VAT liability. ? During the VAT period Asset’s VAT liability increased by £164,659 and as a result Asset’s VAT liability at the cessation of trade excluding interest totalled £182,500. Comparative Treatment ? Between 22 February 2022 and 31 October 2023 Asset’s bank statements show that income into Asset’s bank account totalled £1,996,804 with total payments of £2,013,922. Of these payments: o £802,580 was paid to trade creditors o £656,140 was paid to employees o £221,845 (net) was paid to a connected company o £74,196 (net) paid to Mrs Murray o £430 was accounted for by charges o £250 as cash withdrawals o £4,576 to HMRC towards its PAYE liability ? Asset’s bank statements do not show any payments in the same period being made to HMRC towards its VAT liability. 

This information is correct as at 19 / 10 / 2026

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