Case details for STEWART BREMNER

Name: STEWART BREMNER

Name: KAYLEE BUILDERS LIMITED

Date of Birth: 10 / 1 / 1986

Date Order Starts: 14 / 3 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: SC497477

Last Known Address: 1 BOWSDEN WEST FARM COTTAGES, , BOWSDEN, , BERWICK-UPON-TWEED, TD15 2TW

Conduct: Stewart Bremner (“S Bremner”) caused Kaybee Builders Ltd (“Kaybee”) to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of Value Added Tax (“VAT”) from 8 May 2015 to 22 December 2017. VAT

  • Kaybee registered for VAT in April 2016, with effect from 1 May 2015.
  • Kaybee submitted its first VAT return for quarter ending May 2016 disclosing a liability of £46,565, with penalties for “Failure to Notify” of £18,484 also being levied. No payments were made resulting in a liability of £65,049 being outstanding at liquidation.
  • Kaybee submitted VAT returns for quarters ending August 2016 to November 2017 disclosing a liability of £94,025, with surcharges of £8,496 being levied. No payments were made resulting in a liability of £102,521.
  • An HMRC officers assessment was conducted in April 2017 which disclosed an under declaration of £20,719 for quarters ending May 2016 to May 2017, with interest of £796 being applied. No payments were made resulting in a liability of £21,515 being outstanding at liquidation. A civil penalty of £3,491 was also applied in relation to May 2016.
  • No payments have been made towards the company’s VAT, resulting in a total liability of £192,576 being outstanding at liquidation. Comparative Treatment
  • Analysis of the company bank statements shows between 1 March 2016 and liquidation on 22 December 2017, receipts totalled £1,473,784, with expenditure of £1,474,498 including approximately £784,965 paid to potential trade customers, £412,018 in potential salaries, £133,005 to him £101,714 to an associate and £12,600 to a co-director
  • As per the Unaudited Financial Statements for the period ending 29 February 2016, these disclose a VAT liability of £40,204 in comparison to the VAT liability at liquidation of £192,576, an increase of £152,372. Also the Trade Creditor position in the aforementioned accounts discloses a liability of £18,209, at liquidation amounts scheduled in the Statement of Affairs and claims lodged total £29,356, an increase of £11,147. 

    This information is correct as at 22 / 2 / 2019


    Name: WILLIAM HARLEY

    Name: Kaybee Builders Limited

    Date of Birth: 6 / 6 / 1953

    Date Order Starts: 18 / 3 / 2019

    Disqualification Length: 4 Years 0 Month(s)

    CRO Number: SC497477

    Last Known Address: Balvalachlan, Mollands Road, , , CALLANDER, FK17 8JJ

    Conduct: William Harley (“Harley”) caused Kaybee Builders Ltd (“Kaybee”) to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of Value Added Tax (“VAT”) from 8 May 2015 to 22 December 2017. VAT

  • Kaybee registered for VAT in April 2016, with effect from 1 May 2015.
  • Kaybee submitted its first VAT return for quarter ending May 2016 disclosing a liability of £46,565, with penalties for “Failure to Notify” of £18,484 also being levied. No payments were made resulting in a liability of £65,049 being outstanding at liquidation.
  • Kaybee submitted VAT returns for quarters ending August 2016 to November 2017 disclosing a liability of £94,025, with surcharges of £8,496 being levied. No payments were made resulting in a liability of £102,521.
  • An HMRC officers assessment was conducted in April 2017 which disclosed an under declaration of £20,719 for quarters ending May 2016 to May 2017, with interest of £796 being applied. No payments were made resulting in a liability of £21,515 being outstanding at liquidation. A civil penalty of £3,491 was also applied in relation to May 2016.
  • No payments have been made towards the company’s VAT, resulting in a total liability of £192,576 being outstanding at liquidation. Comparative Treatment
  • Analysis of the company bank statements shows between 1 March 2016 and liquidation on 22 December 2017, receipts totalled £1,473,784, with expenditure of £1,474,498 including approximately £784,965 paid to potential trade customers, £412,018 in potential salaries, £133,005 to his co director £101,714 to an associate and £12,600 to him.
  • As per the Unaudited Financial Statements for the period ending 29 February 2016, these disclose a VAT liability of £40,204 in comparison to the VAT liability at liquidation of £192,576, an increase of £152,372. Also the Trade Creditor position in the aforementioned accounts discloses a liability of £18,209, at liquidation amounts scheduled in the Statement of Affairs and claims lodged total £29,356, an increase of £11,147. 

    This information is correct as at 25 / 2 / 2019



    If you believe this page contains any errors, please email civil.proceedings.team@insolvency.gov.uk with details of the error that you have found.

  •