Case details for Adam Edward SMITH

Name: Adam Edward SMITH

Name: Kasm Consultancy Limited

Date of Birth: 27 / 10 / 1964

Date Order Starts: 19 / 6 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: SC500038

Last Known Address: 357 Holburn Street,, , , , , AB10 7FQ

Conduct: Adam Edward Smith (“Mr Smith”) failed to ensure that KASM Consultancy Ltd (“the company”) met its financial commitments as regards to Corporation Tax (“CT”) and caused the company to continue trading whilst withdrawing funds for the benefit of himself. As a result the company became unable to meet its financial commitments to HM Revenue & Customs (“HMRC”) as and when they became due at the latest from 01 January 2017. CT

  • In the financial year ending 31 March 2016 the company owed HMRC CT in the sum of £21,408 which, despite being due and payable by 01 January 2017 remained wholly unpaid at liquidation.
  • In the financial year ending 31 March 2017 the company owed HMRC CT in the sum of £20,417 which, despite being due and payable by 01 January 2018 remained wholly unpaid at liquidation.
  • Accounts filed by the company to 31 March 2017 disclose payment of his dividend in the sum of £104,462; CT liabilities remained outstanding to HMRC in the sum of £21,408 on 01 January 2017.
  • The company’s bank statements for the period 06 April 2017 to liquidation discloses payments totalling £175,491, which includes drawings by him in the sum of £130,687 and 7 transactions totalling £30,025 transferred to unconfirmed accounts, while CT liabilities remained outstanding to HMRC in the sum of £41,825.20 on 01 January 2018.
  • At liquidation the company had total liabilities of £54,532. HMRC are the company’s largest creditor in the sum of £54,500 which included £12,675 Value Added Tax and CT of £41,825. 

    This information is correct as at 31 / 5 / 2019



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