In accordance with
Rules 6.2, 6.3 & 6,5 of            [ | Q    0   ?
the Insolvency (England
&Wiales)
    Rules 2016 204 Notice of statement of affairs                   Companies House
Insalvency
         Act 1986,




                                                                  For further information, please
                                                                  refer to our guidance at
                                                                  www.gov.uk/companieshouse




                               Company details

company umber              | o[ 4[ of 8| of 6 2/7                 > Filling in this form
                                                                     Please complete in typescript or in
Company name in full |K Drake Electrical Limited                     bold black capitals.


                               |
                               Liquidator’s name
Full forename(s)                   Daniel
Surname                            Ormerod

                               Liquidator's address
Building namefnumber | Leonard Curtis House

Street                         | Elms Square
                               | Bury New Road
Post town                          Whitefield
County/Region                      Greater Manchester

roroe
Country
                          [wa [5[ [7 [TIAL
                               Liquidator’s name ©

Full forenamets)                   Richard                        Ose     his eeton         tel! us about
Surname                            Pinder                           another liquidator,

5 |                            Liquidator’s address ©

bulking ranehunber|[ {Elms
Street
                      LeonardSquare
                                Curtis House                      oCanother liquidator.
                                                                              a sab
                           [ Bury New Road
Post town                  | Whitefield
County/Region              | Greater Manchester
Postcode                   | M f4[5]                [7[tfal   |
Country                    |           .

                                                                  04/17 Version 1.0
                         LIQO2
                         Notice of statement of affairs




                         Date of statement of affairs
Date
                         Poa                Pol?            P2iofepa
                         Statement of affairs
                          | attach:
                                 Statement of affairs by the liquidator under section 95(1A) of the
                                 Insolvency Act 1986
                                 Statement of affairs by a director under section 99(1) of the Insolvency
                                 Act 1986

                         [ |     Statement of concurrence


                         Sign and date
Liquidator's signature   Signature                                     ol


                          a        ee
Signature date
                         Faro Foly f2forate




                                                                                                            04/17 Version 1.0
    LIQO2
    Notice of statement of affairs




    an Presenter information                                         |    Important information
     You do not have to give any contact information, but if          All information on this form will appear on the
     you do it will help Companies House if there is a query          public record.
     on the form. The contact information you give wilt be
     visible to searchers of the public record,
| Contact name      Chirag    Patel                                       Where to send
     comearyam? | eonard Curtis                                       You may return this form to any Companies House
                                                                      address, however for expediency we advise you ta
                                                                      return it to the address below:
|“                  Leonard Curtis House                              The Registrar of Companies, Companies House,
|                   Elms Square, Bury New Road                        Crown Way, Cardiff, Wales, CF14 3UZ,
                                                                      DX 33050 Cardiff.
|                   Whitefield
     me"            Greater Manchester
    County/Region

[*                  ui[4 [5° | [7{tfal                           [   i | Further information
    Country


|
                                                                     For further information please see the guidance notes
                                                                     on the website at www.gov.uk/companieshause
    Telephone                                                        or email enquiries@companieshouse.gov.uk
                    0161 413 0930
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        information held on the public Register.
        You have attached the required documents.
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    This form has been provided free of charge by Companies House,                        04/17 Version   1.0
 Rule 6.2-OVL




 Statement of Affairs
 Statement as to affairs of
 K DRAKE ELECTRICAL LIMITED
 on 4 July 2024 being a date not more than 14 days before the date of
                                                                      tha resolution for
 winding up




Statementof truth

| believe that the facts stated in this Statement of Affairs are true. | unders
for contempt of court may be brought against anyone who makes, or causes
                                                                               tand
                                                                              that proceedings
                                                                           to be made, a false
Statement in a document verifiedby a statement of truth without an honest
                                                                          beliefin its truth.



Full name: Kevin Stephen Drake




Dated: 4 July 2024
 K DRAKE ELECTRICAL LIMITED

                                                                                  APPENDIX A
                   SUMMARY OF THE DIRECTOR'S STATEMENT OF AFFAIRS AS AT 4 JULY 2024

                                                                              Book Value                  Estimated ta Realise
                                                           Note           g                 £               £                       £
  Assets Specifically Piedgead
  None                                                                        Nil                                Nit
  lass: Amount due to fnaitce company                                         Nil                                Nil
  Surplus / (Shortfall) cfAud,                                                Nil                               Nit

  Assats Not Speeliically Pledged
  Motor Vehicle, Stock and Computer Equipment                 2           3,278                             4,600
                                                                      -                         3,275                                   4,600
  Praterential Creditors
  Employee Claims / ERA 2006 Claims (est.)                                                         Nil                                     Nil
  Estimated Surplus / Deficlancy                                                            3,275.                                      4,600
 Secondary Preferential Creditors
 ‘HM Revenue & Customs - Employees’ Nt (est.)              Aig                               Nil                                        Nil
  HM      Ravenue & Gustoms - PAYE (est)                                                (5,642)                                    (6,542)
  HM Rovenue & Customs - VAT (est,)                                                 (23,887)                                      (23,087)
  Estimated Surplus / Daliclency                                                       (26,254)                           _ (24,828)
  Not Property available for Prescribed Part                                                       Nil                                     Nil
  Leas: Prescribed Part                                                                         (N/a}                                   (Nia)
  Available for Floating Charge Creditor                                                        Nl                                         Nil
  Shortfall b/twd,                                                                              {N/a)                                   (Nia).
  Surplus / (Shortfall) Awd.                                                             Nil                                      ND
 Add: Preacribed Part                                                                 (Nia)                            ______.          (Nia)
                                                                                    ns
 Available tor Ordinary Unsecured Creditors                                                                                                Nil
 Ordinary Unsecured creditors
 Employee Claims / ERA 2006 Claims {est,)                                 Nit                                  Nil
                                                           Ww




 H M Ravenue & Cusioms - Corp Tax (est,)                                  Nil                                  Nil
                                                           mat wm




 HM Revenue & Custos — Employers' NI (ast.)                               Nil                                  Nii
                                                             @




 Director's Loan Account fest.)                                     (67,641)                             (67,641)
 Bounce Back Loan {ast.)                                             (4,990)                              (4,990)
 Trade and Expense Creditors (est.)
                                                                    (8,798)                               (8,795)
                                                           ao




 Total Ordinary Unsecured Creditors                                                      (81,426)                           (84,426)
 Estimated Deficiency as regards Creditors                                              (107,680)                             (105,385)
 Issued and Called Up Share Capital                                                               (1)                                (4)
 Eatimated Deficlancy as regards Members                                                (107,681)                                (106,356)




                                   f

Signed:
              a
           aicesscacsrsesssessnesseuscrasscsavesesvvoses            Date: 4 July 2024
           Kevin Stephan Drake
DRAKE ELECTRICAL LIMITED

                                                                                                       APPENDIX B
                                          NOTES TO THE STATEMENT OF AFFAIRS
 All book values have been taken from the Company's latest financial information, provided by the director, the
 Company's professional advisors, or from valuations obtained from independent valuation agents. It should
 be noted that no provision has been made for the costs of preparation of the same, the costs of convaning the
 decision of creditors and preparation of the statement of affairs, agents’ costs or the costs and expenses of
 the Liquidation. The vatuation agents that have been instructed In this matter ara Cerberus Asset Management
 ("CAM") who ate RICS qualified,
 1,           Assets Specifically Pledged
              There are no assets specifically pledged.
              Assets Not Specifically Pledged
              Motor Vehicle, Stock and Computer Equipment
              The assets mantioned in the Statement of Affairs consist of a Motor Vehicle, Stock and Camputer
              Equipment. The book value has been extracted from a valuation report carried out by Cerberus.
              Cerberus confirmed that due to the ow demand and depradiation of the asset, an offer received from
              Mr K Drake trading as K Drake Electrical Services, of £4,600 for all assets exceeds likely net
              realisations which could be achieved from any other method of sale and therefore recommendad that
              the offer be accepted, The propesed Joint Liquidators intend         to complete   the sale upon   their
              appointment. A turther update will be provided in due course,
              Employee Claims / ERA'2006 Clalms (est)
              Where applicable, employees will be entitled to make claims (subject to certain limits) under the
              Employment Rights Act 2006 (ERA'2006   from
                                                       ) the government department known as the Redundancy
              Payments Service (“RPS”).      The Employee claims may include arrears of pay, holiday pay,
              compensation in lieu of notice and redundancy. Where applicable, the RPS will make payments
          directly to the employees and then the RES will then lodge a claim against the Company in respect of
          the payments it has made. Unless otherwise stated, Employee Claims / ERA'2006 have been
          estimated for the purposes of the statement of affairs and aré not considered as agreed amounts.
          Where applicable, a detailed list of these amounts has been provided at Appendix E. The values
              shown should not be regarded 4s agreed armounts.

          Secondary Preferential Creditors

          With respect to insolvencies commencing on or after 1 December 2020, HMRC will rank ahead of
          floating charge holders and unsecured creditors in respect of certain unpaid taxee that the relevant
          company collects on behalf of HMRC,         These taxes are known as Priority Taxes and Include:
          .          VAT:
          ‘          PAYE (Including student loan repayments):
          *          Construction Industry Scheme deductions; and
          ’         Employees’ NI contributions.
          The liabilities to HMRC in respect of taxes that have secondary preferential status have been
          estimated by the Company's professional advisors as follows:
          °          VAT ~ £23,987
          .          PAYE/Employees NI- £5,542
          These values should not be considered to be agreed.
          HMRC will remain an ordinary unsecured creditor in respect of taxes that HMRC collects directly
          (8.9. Corporation fax and amployers' national insurance contributions).     (See note 6 below).




Signed:   .. fame atvossivuiayvansavciteaerisnensen             Date: 4 uly 2024
          Kavin Stephen Drake
 K DRAKE ELECTRICAL LIMITED

                                                                                                           APPENDIX B
                                NOTES TO THE STATEMENT OF AFFAIRS (Gantinuved}
 §,        Prescribed Part

           The   Insolvency     Act 1986 provides      that, where    4 company      has created a floating charge   after
           15 September 2003, a prescribed part of the company’s net property must be made available to the
           unsecured creditors and nat be distributed to the floating charge holder except in so far as it exceeds
           the amount required for the satisfaction of unsecured claims, The net property represents the assets
           available after the costs and expenses of the Insolvency procedure and the discharge of preferential
           creditors’ claima in full. No provision has been Inciuded within the estimalad statement of affairs
           regarding the costs and expenses of the insolvency procedure,

          The mathod of calculating the preseribed partis given below:

          Where the net property does nol excaed £10,000 (ihe prescribed minimum) Il may be considered that
          the cast of making a distribution is disproportionate to the benefits and no prescribed part is requirad
          to be set aside.

          Where the net property exceeds £10,000 the prescribed part is calculated at a value of 60% of the first
          £40,000 plus a furlher 20% of the net property which exceeds £10,000, Up to. a maximum prescribed
          part of £800,000 where the first ranking floating charge was created on or after 6 April 2020 (£600,000
          if created before then),

          Ae there are no creditors holding a floating charge in this matter, there is no requirement io set aside
          & proscribed part find.

6,        HM Revenue & Customs — PAYE / Employers’ Nl and Corporation Tax
          The iiability to HMRC has been extracted from the Gompany’s books & racords as provided by the
          Company's advisors. The outstanding liabllities are in respect of the following periods:

          PAYE / Employers’ NIC ~ £6,542
          Corporation Tax — Nil

7.        Director's Loan Account

          Oetails of the director's loan accounts have been extracted from the Company's books and racorde as
          provided by the Company's advisors. A detailed list of these amounts has been provided at Appendix
          E. The valies shown should not be regarded as agreed amounts.

8.        Bourice Back Loan

          Datails of the Company's consumer creditors have been extracted from the Campany's baoks and
          records as provided by the Company's advisors, Where applicable, a detailed list of these amounts
          has been provided at Appendix &. The values shown should not be ragardad as agreed amounts.

4,        Trade and Expense Creditors

          Delails of the Company's trade and expense creditors have been extracted from the Company's books
          and records as provided by the Company's advisors. A detailed fist of these amounts has been
          provided at Appendix E, The values shown should not be regarded as agreed amounts,




                        fo
Signed:   LA        o   aie      cenesuenisnee eaten                 Date:
                                                                       4 July 2024
          Kevin Stephen Draka
 K DRAKE ELECTRICAL LIMITED

 10.       Disclosure of names, addresses and liability

          The director is required under Section 99 of the Insolvency Act 1986, Rule 6.3 of the Insolvenny
          (England and Wales) Rules 2016 ("IR2018") and Rule 6.14(7) IR2016 to make out a statement of
          affairs delailing the Company's assets and llabllities (including employee related flabililles} and to
          defjiver the statement ta the Company's creditors (including employees).

          The IR2016 set out detailed requirements regarding the statement of affairs and its contents, These
          rules tequire disclosure of the names, postal addresses of, and amounts due to, all creditors
          {including employees) lo be appended to the statement of affairs which is circulated to creditors. The
          inclusion of this Information is a requirement of insolvency law.

          The IR2016 also requires the Liquidator to remove the schedules of employees and any consumer
          creditors from the slatement of affairs, which is delivered ta Companies House. These details are
          therefare not placed in the public domain.




Signed:      AA     wr nersrissnsctsseacsonecsesenseces    Date: 4 duty 2024
          Kevin Stephen Drake
 K DRAKE ELECTRICAL LIMITED

                                                                                                                        APPENDIX D

                                                                    SCHEDULE OF SHAREHOLDERS



                                                                                                               Amount     = Total
                                                                                                               Called       Amount
                                                                                Share       Nominal   Number   Up per       Called
  Shareholder Nama & Address                                                    Type        Value     Held     Share        Up
  Kevin Stephen Drake                                                           Ordinary    £4        1
                                                                                                               £4          2|
  1 Stud Farm Bungalow
  Off Norbury Orive
  Mansfield, Notts
  NG18 4Hx




Signad:   .... TRPAEUFOEE DARA ESN ES UT INDI RE RSTUO MAR OAE SD ESA DAD         Date: 4 July 2024
          Kevin Staphen Drake
 K DRAKE ELECTRICAL LIMITED

                                                                                                 APPENDIX E


                                                         SCHEDULES OF CREDITORS



 SEE ATTACHED              List

 ei        Secured Creditors — Nia

 Ez        Consumer Creditors (Amounts Pald In Advance Of The Supply Of Goads Or Services) ~ N/a

 E3        Employes And Former Employee Creditors ~ Néa

 E4        Ordinary Unseaured Creditors (Including Hire Purchase, Chattel Leasing, Conditional Sale
           Agreements And Ratentlon Of Title Creditors) « See Attached




Signed:        pte STaDDAT TPT) love eene va veaneevcuta
                                                      sner            Date: 4 July 2024
          Kevin Stephen Drake
 K Drake Electrical Limited                                                                 Company Number; 04080627
 STATEMENT OF AFFAIRS AS AT 4 July 2024
 8 - Company Creditors


 Code      Name & Address                     Amountof       Details of any security held    Date security      —- Valua of
                                                debt £               by creditor                  given          security £

C0007     HMRC YAT                              £23,987.00
          BIS Neweaslle
          Bx9 19k

C0002     HMEG PAYE                              £5,042.00
          Employers Oijica
          FT Operations Noth East England
          HM Revernue&Customs:
          BXS 1BX
COUGS     Kevin Stephen: Drake                  £30,000.00
          1 Stud Farm Bungalow
          Oil Norbury Drive
          Mansilekt
          NGO14 4HX
Coo07     Seuls King & Ge                        £2,300,00
          1? Brunts Straat
          Mansfield
          Nottingham
          NG18 1AX
CONS      HSEC Bank Pie - Overdtalt             £6,900.44
          Customer Credit Services
          PO Box 6277
          Coventry
          CV3 GIS
Co0098    HSBC Bank Pe ~ BBL                    £4,985,63
          Customer Gradit Sanices
         PG Gox 6277
         Coverity
         ONG 9/8

GOOIO    HSC Bank Fle - Cradit Card               £504.06
         Customer Credit Services
         PO Box 6277
         Coventry
         CVv3 ds

         TOTAL CREDITORS! CLAIM                £73,313.43




                                                Page 1 of 7

         ke              .    ered carta
                                       edie
                                                                                            Date: 4 July 2024
         Kavi Staphe    Drake
