Case details for Nicola Hollingdale

Name: Nicola Hollingdale

Name: IPN Roofing Limited

Date of Birth: 15 / 1 / 1980

Date Order Starts: 17 / 7 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: SC478142

Last Known Address: 51 WESTER DRYLAW PLACE, , , , EDINBURGH, EH4 2TL

Conduct: Between 7th October 2014 and 5th April 2018 Nicola Hollingdale (“the director ”) failed to ensure that IPN Roofing Limited (“the company”) complied with its statutory obligations to HM Revenue and Customs (“HMRC”) by failing to submit returns and remit any Value Added Tax (“VAT”) due resulting in a total unpaid liability to the Crown for VAT of £264,278 at liquidation. In addition the director also caused the company to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of Pay As You Earn tax (“PAYE”) and National Insurance Contributions (“NIC”) from 22 December 2016 to 5th April 2018 resulting in a total unpaid liability to the HMRC for PAYE/CIS of £39,187 at liquidation. VAT

  • The director registered for VAT on 4 June 2014. She registered voluntarily as she believed the turnover would be below the current registration threshold.
  • No VAT returns or payments have been made throughout trading resulting in assessed VAT at liquidation of £264,278. PAYE/NIC:
  • Against a declared liability of £31,922 for tax year 2016/2017, HMRC granted an employers allowance of £3,000 leaving the company with a liability of £28,922 against which the company made payments in August 2016, September 2016 and December 2016 totalling £13,977. The balance of £14,945 remained outstanding at liquidation.
  • Against a declared liability of £39,538 for tax year 2017/2018 HMRC granted an employers allowance of £3,000 leaving the company with a liability of £36,538. The company made two payments in December 2017 totalling £12,296 towards the liability resulting in an unpaid liability at liquidation of £24,242. COMPARATIVE TREATMENT:
  • Accounts prepared for the company for the year to 31 May 2015 disclose £14,967 in respect of TAX and VAT. The accounts show the director is owed £4,252 and creditors £44,708. £25,000 was paid in dividends to the director.
  • Accounts prepared for the company for the year to 31 May 2016 reveal £53,603 in respect of CT, PAYE and VAT. The amount for VAT was £46,752. They show the director is owed nil and creditors are owed £29,703. The director received a dividend of £3,500
  • Draft accounts prepared for the company for the 10 month period to 31 March 2017 reveal £53,603 in respect of CT, PAYE and VAT and creditors are owed £33,770. The director’s current account is overdrawn to £29,000.
  • The statement of affairs prepared by the liquidator as at the date of liquidation shows £266,805 in respect of HMRC and other creditors and assets unknown.
  • On analysis of the company bank account from 1 June 2017 to 16 March 2018 the director caused the company to make payments totalling £217,723 to trade and expense creditors (including employees and subcontractors) and only £12,296 to HMRC for PAYE/NIC only plus £1,790 was paid in respect of corporation tax. The final position on the overdrawn Director’s loan account was £23,979. 

    This information is correct as at 2 / 8 / 2019



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