Name: Ravi Rayarel

Name: RCS LONDON PROCUREMENT LTD

Date of Birth: 18 / 6 / 1978

Date Order Starts: 16 / 4 / 2024

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 07648929

Last Known Address: Flat 326,, Holly Court,, Greenroof Way,, , LONDON,, SE10 0BP

Conduct: From 07 December 2012, Mr Rayarel failed to ensure that RCS complied with its statutory obligations to file VAT, Corporation Tax (‘CT’) and PAYE/NIC returns and/or make payments as and when due to HM Revenue & Customs ('HMRC'). As a consequence, he caused RCS to trade to the detriment of HMRC from at least 07 June 2014, when VAT for April 2014 fell due and outstanding CT had not been paid, to its liquidation on 07 May 2020, resulting in at least £54,134 being due to HMRC. In that: • RCS submitted 2 CT returns, for its first year to 25 May 2012, of £1,926, which should have been settled by 26 February 2013, and to 31 May 2012, for £32; • HMRC raised assessments for the following years, May 2013 to May 2017, totalling £25,357; • No payments were made to CT throughout RCS’s trading; • RCS registered for VAT on 01 July 2011; • HMRC’s ledger shows that VAT returns were filed and paid for the quarters January 2012 to July 2012, which was the last return submitted; • Assessments were raised for subsequent periods and these were paid to January 2014; • The last payment made to VAT was on 05 August 2015 which was allocated to periods up to April 2014 and to April 2015; • At the liquidation date a balance remained outstanding for the quarter to April 2014, which should have been settled by 07 June 2014; • Assessed VAT of £11,146 remained unpaid at the liquidation date; o However, based on income shown in the bank statements, estimated VAT of £347,434 was due from 12 December 2016 to the liquidation date; o HMRC’s assessments for the quarters January 2017 to the liquidation totalled £9,136; • According to HMRC’s records RCS’s PAYE scheme was closed in April 2014 and no returns had been filed; o However, the report to creditors states that RCS had 4 employees, including Mr Rayarel; and o Bank statements record payments to individuals from December 2016 totalling £421,569. Comparative Treatment • The statement of affairs shows one trade creditor for £13,772, which last received a payment in November 2019; • The debt to HMRC was shown as £350,000 on the statement of affairs and HMRC’s claim states at least £54,134 is due. The last payment to HMRC was in August 2015. • Bank statements show total payments of £2,542,337 from 12 December 2016, of which: o Mr Rayarel received £93,100 o Cash withdrawals were £59,752 o Payments which appear to be personal totalled £204,902. 

This information is correct as at 11 / 4 / 2024

Name: RCS LONDON PROCUREMENT LTD

Date of Birth: 24 / 1 / 1979

Date Order Starts: 16 / 4 / 2024

Disqualification Length: 2 Years 6 Month(s)

CRO Number: 07648929

Last Known Address: Flat 326,, Holly Court,, Greenroof Way,, , LONDON,, SE10 0BP

Conduct: From 07 December 2012, Mrs Rayarel failed to ensure that RCS complied with its statutory obligations to file VAT, Corporation Tax (‘CT’) and PAYE/NIC returns and/or make payments as and when due to HM Revenue & Customs ('HMRC'). As a consequence, she caused or allowed RCS to trade to the detriment of HMRC from at least 07 June 2014, when VAT for April 2014 fell due and outstanding CT had not been paid, to her resignation on 09 May 2017, resulting in at least £24,759 being due to HMRC. In that: • RCS submitted 2 CT returns, for its first year to 25 May 2012, of £1,926, which should have been settled by 26 February 2013, and to 31 May 2012, for £32; • HMRC raised assessments for the following years, May 2013 to May 2016, totalling £20,200; • No payments were made to CT prior to Mrs Rayarel’s resignation; • RCS registered for VAT on 01 July 2011; • HMRC’s ledger shows that VAT returns were filed and paid for the quarters January 2012 to July 2012, which was the last return submitted; • Assessments were raised for subsequent periods and these were paid to January 2014; • The last payment made to VAT was on 05 August 2015 which was allocated to periods up to April 2014 and to April 2015; • At the liquidation date a balance remained outstanding for the quarter to April 2014, which should have been settled by 07 June 2014; • Assessed VAT of £2,601 was unpaid for the quarters to April 2017 at the liquidation date; • According to HMRC’s records RCS’s PAYE scheme was closed in April 2014 and no returns had been filed; o However, the report to creditors states that RCS had 4 employees, including a co-director. Comparative Treatment • The statement of affairs shows one trade creditor for £13,772, which last received a payment in November 2019; • Between 07 June 2014 and the date of Mrs Rayarel’s resignation on 09 May 2017, HMRC’s liabilities had increased by at least £24,759. During this period, £1,210 was paid to HMRC and the last payment to HMRC was in August 2015. 

This information is correct as at 11 / 4 / 2024

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