Case details for ZORAN BABIC

Name: ZORAN BABIC

Name: ZODEC REFURBISHMENTS LIMITED

Date of Birth: 3 / 10 / 1957

Date Order Starts: 13 / 4 / 2020

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 08034785

Last Known Address: Flat B, 111 Flood Street,, , , , LONDON,, SW3 5TD

Conduct: Since at least 7 July 2014 until 13 February 2018, the date of liquidation, Zoran Babic failed to ensure that Zodec submitted and made payments as required for VAT and CIS meaning Zodec traded to the detriment of HM Revenue and Customs (hereinafter referred to as HMRC) so that as at liquidation, Zodec had an outstanding liability of at least £190,027.55 in respect of VAT and £43,704.82 in respect of CIS. VAT ? Zodec submitted late returns for the periods 11/13 to 08/17 totalling £110,192.32; ? Zodec submitted the return for 11/17 on time for £37,174.09; ? During this period ten payments were made totalling £21,034.00 these were never sufficient to clear the liability in full. The last payment was made on 19 July 2017; ? Due to failure to pay in full on time, surcharges of £15,476.09 were raised for the periods 08/14 to 11/17 inclusive; ? As at the date of liquidation the outstanding VAT liability was £190,027.55 PAYE and CIS ? Returns submitted for 2016/2017 months 1 to 12 show the outstanding CIS is £18,574.17. No payments were made towards this liability ? The outstanding CIS for 2017/18 months 1, 2 & 4 to 11 is £13,930.65 ? The outstanding PAYE for 2013/14 months 7 to 12 is £597.40 ? The outstanding PAYE for 2014/15 months 1 to 12 is £1,200.00 ? On 13 November 2017 a payment of £1,581.25 was made towards 17/18 PAYE leaving an outstanding balance of £133.60 ? Interest and charges total £14,066.85As at the date of liquidation the outstanding PAYE & CIS liability was £45,638.42 Comparative Treatment • Between 18 January 2017 (date of first bank transaction) and 13 February 2018 statements show that, excluding contra entries, £ 1,460,034.76 went out of the bank account as detailed below: • Payments appearing to be made to Mr Babic/for Mr Babic’s direct totalled £138,212.14; • Payments in cash, unknown parties and interest/charges total £197,284.08; • Payments to staff total £157,839.00; • Trade suppliers received £946,699.54; while • HMRC received £20,000.00. 

This information is correct as at 13 / 5 / 2020


Name: Dragana Babic

Name: ZODEC REFURBISHMENTS LTD

Date of Birth: 16 / 4 / 1955

Date Order Starts: 13 / 4 / 2020

Disqualification Length: 2 Years 6 Month(s)

CRO Number: 08034785

Last Known Address: Flat B, 111 Flood Street,, , , , LONDON, SW3 5TD

Conduct: Since at least 8 June 2017, date Dragana Babic was appointed director, until 13 February 2018, the date of liquidation, Dragana Babic caused Zodec to trade to the detriment of HM Revenue and Customs (hereinafter referred to as HMRC) by failing to ensure that Zodec submitted and made payments as required for VAT and CIS so that as at liquidation, Zodec had an outstanding liability of at least £190,027.55 in respect of VAT and £43,704.82 in respect of CIS. VAT ? Zodec submitted a late return for the period 08/17 for £21,706.11; ? Zodec submitted the return for 11/17 on time for £37,174.09; ? A payment of £4,000.00 was made on 19 June 2017. The last payment was made on 19 July 2017. These were applied to earlier periods and were not sufficient to clear the liability in full.; ? Due to failure to pay in full on time, surcharges of £8,832.02 were raised for the periods 08/17 and 11/17; ? As at the date of liquidation the outstanding VAT liability incurred whilst Mrs Babic was a director totalled £67,712.22. PAYE and CIS ? The outstanding CIS for 17/18 months 4 to 11 is £10,834.95 ? The outstanding PAYE FOR 17/18 MONTHS 2,4,5,6 IS £133.60 ? Interest and charges total £11,202.60 ? On 13 November 2017 a payment of £1,581.25 was made towards 17/18 PAYE leaving an outstanding balance of £133.60 ? As at the date of liquidation the outstanding PAYE & CIS liability incurred whilst Mrs Babic was a director totalled £22,171.15 Comparative Treatment • Between 8 June 2017 (date Mrs Babic was appointed director) and 13 February 2018 statements show that, excluding contra entries, £791,472.10 went out of the bank account as detailed below: • Payments to/for the benefit of you totalled £70,311.82; • Payments in cash, unknown parties and interest/charges total £102,440.48; • Payments to staff total £79,501.00; • Trade suppliers received £531,297.85 while • HMRC received £4,000.00 

This information is correct as at 13 / 5 / 2020



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