Name: Samuel Thomas  Steel

Name: STEELS OF BEESTON LTD

Date of Birth: 21 / 2 / 1994

Date Order Starts: 18 / 6 / 2025

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 10479912

Last Known Address: 135 Station Road,, , , , Beeston, NG9 2AZ

Conduct: Samuel Steel (“Mr Steel”) caused Steels of Beeston Ltd (“SOB”) to trade to the detriment of His Majesty’s Revenue and Customs (“HMRC”) in respect of Value Added Tax (“VAT”) from 01 December 2019 and in respect of Pay As You Earn (PAYE) from 01 December 2019 until his resignation as a director on 01 March 2022. VAT • Steels for Beeston was incorporated at Companies House on 05 November 2016 and registered for VAT on 01 December 2016. • The first VAT return for the period ending 28 February 2017 was submitted on 06 April 2017 and a full payment of £1132.14 was made on 06 April 2017. • A further 19 returns were made from 30 May 2017 until the date of Mr Steel’s resignation as a director 01 March 2022 with a total liability of £119,815.12. No further VAT payments were made during that period. • An analysis of the company’s VAT ledger dated 13 March 2023 show SOB's liability as £121,936.56 on 14 January 2022, comprising of £110,052.72 in VAT and late payment surcharges totalling £11,883.82. • HMRC VAT Ledgers show SOB's VAT liability as £121,936.56 at the time of Mr Steels resignation 01 March 2022. PAYE/NIC • SOB was incorporated at Companies House on 05 November 2016 and registered for PAYE 20 January 2017. • SOB made their first PAYE payment of £ 1092.92 on 20 January 2017 for the 05 January 2017 period. • SOB submitted PAYE returns for each month from 20 January 2017 until 01 March 2022. The total amount owed from these returns is £165.647.79 and £1087.59 of interest. Of this amount, £12634.70 was deducted due to employment allowance. • A further 35 payments were made from 30 May 2017 until the date of Mr Steel’s resignation as a director 01 March 2022 totalling £48469.15. The last payment dated 23 December 2019 was for £2,620.15. • HMRC PAYE Ledgers show SOB's PAYE liability as £99778.33 at the time of Mr Steels resignation 01 March 2022 Different treatment- • The report to creditors dated 16 March 2023 show at the time of winding up of SOB, HMRC were the sole creditor of the company with a liability of £294,606.13. • Accounts show: - In the year end accounts 30 November 2019 trade creditors were £17,760, VAT liabilities were £70,785 and PAYE liabilities were £32,309. - By the date of resignation 01 March 2022 trader creditors increased slightly to £21,722. VAT liabilities were £112,758 and PAYE liabilities were £94,278. • Bank statements from 11 Dec 2019 to 16 Feb 2023 show: - Debits totalling £894,126.89. - Wages were paid totalling £116,016.98. Other payments were made to suppliers and other parties totalling £778,110.89. • One PAYE payment was made 23 December 2019 of £2,620.15. • No VAT payments were made in this period. 

This information is correct as at 3 / 6 / 2025

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