in accordance with Rule 187 ofthe Insohency England & Wales) Rules 2016 and Sections 924, 1048 and 192 of the sohency et 1986, LIQO3 Notice of progress report in voluntary winding up a Companies House For further information, please refer to our quidance at wwunn.govk/companieshouse a Company details TTT Company number fo [5 [5 [4fofo[sl7 Company name in full Danoli Solutions Ltd [> Filing in this form Please complete in typescript rin bold black capitals Liquidator’s name Full forename(s) Jamie Sumame Playford i Liquidator’s address Building namelnumber Lawrence House. meet 5 St Andrews Hill Post town Norwich ‘County/Region Fostade INfR[2[ [+ falol Country a Liquidator’s name Full forename(s) Sumame [Other iquidator Use this section to tll us about ‘another iquidato, 1s | Liquidator’s address © Building nameinumber Street Post town County/Region Postcode FETT TT rt Country fe other liquidator Use this section to tell us about another quidator. 04/17 Version 1.0LIQ03 Notice of progress report in voluntary winding up Period of progress report From date aie lol 2 Io fe [is To date als lol? [2 lo [a [4 Progress report The progress report is attached Sign and date Liquidator’ signature [sm « b~ x 04/17 Version 1.0LIQ03 Notice of progress report in voluntary wi 19 UP P [Presenter information [portant information You do not have to give any contact information, but i you do it will help Companies House i there is a query on the form. The contact information you give will be visible to searchers of the public record * Jamie Playford All information on this form will appear on the public record. Ed rere to send “r= | eading Business Services Ltd Lawrence House 5 St Andrews Hill Norwich hee Infale (fafa fol 01603 552028 /| Checkli We may return forms completed incorrectly or with information missing, Please make sure you have remembered the following: 1 The company name and number match the information held on the public Register. You have attached the required documents. 1D You have signed the form. You may return this form to any Companies House address, however for expediency we advise you to return it to the address below: ‘The Registrar of Companies, Companies House, Crown Way, Cardi, Wales, CF14 3UZ. Dx 33050 Card 7 | Further information For further information please see the guidance notes on the website at wiv gov.uk/companieshouse or email [email protected] This form is available in an alternative format. Please visit the forms page on the website at www.gov.uk/companieshouse “This form ha bee provided fe of eharge by Companies House 04/17 Version 1.0Statement of Affairs £ 50.00 NIL 81.49 Uncertain (187.33) (729.72) (18,174.17) (1,130.42) (9,083.61) (15,172.76) (66,270.11) (1,035.36) (1.00) (101,622.99) Note: Danoli Solutions Ltd (In Liquidation) Liquidator's Summary of Receipts & Payments From 26/07/2023 To 25/07/2024 £ ASSET REALISATIONS Computer Equipment NIL Fixtures and Fittings NIL Book Debts NL Other Debtor NIL. NIL PREFERENTIAL CREDITORS 3 Employees’ Preferential Claims NIL Pension Schemes NIL NIL SECONDARY PREFERENTIAL CREDITORS HMRC NIL NIL UNSECURED CREDITORS HM Revenue & Customs - PAYE/NIC NIL HM Revenue & Customs - CT NIL 3 Employees’ Unsecured Claims NIL Banks/Finance Companies NIL Trade Creditors NIL NIL DISTRIBUTIONS Ordinary Shareholders NIL NIL NIL REPRESENTED BY From 26/07/2023 To 25/07/2024 £ NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL, NIL, The above figures do not include VAT. Where the entity was not VAT registered, VAT payable is shown as a separate entry in VAT Irrecoverable. Page t of IPS SOL Ver. 2012.10 Jamie Playford Liquidatorfl Leading DANOLI SOLUTIONS LTD - IN LIQUIDATION Liquidator’s Progress Report For the period 26 July 2023 to 25 July 2024Contents Introduction Progress. Investigations 1 2. 3 4, Costs and Expenses 5. Outcome for Creditors, 6. Further Information, 7. Conclusion Appendices ‘Appendix 1 - Statutory Information Appendix 2- Liquidator’s Receipts & Payments Account Appondix 3 - Breakdown of the Liquidator's time costs for the period of this report1. Introduction The purpose of this report is to detail the acts and dealings of the Liquidator and it should be read in conjunction with previous reports to creditors. | was appointed Liquidator of the Company on 26 July 2023, Since 1 January 2021, | have been licensed to act as an Insolvency Practitioner in the UK by the Institute of Chartered Accountants in England and Wales and prior to that date | was licensed by the Insolvency Practitioners Association, | can confirm that there has been no change in office-holder since the date ofthe liquidation, Statutory information regarding the Company is provided at Appendix 1 2. Progress Administration ‘There are certain administrative tasks which | am required to undertake whilst acting as Liquidator of the Company These actions contribute to the efficient running of the estate and are required by statute and regulation. There is no direct financial benefit for creditors “These include reviewing the circumstances of the case to determine the appropriate strategy, regular reviews of the case and dealing with any post appointment tax matters and HMRC correspondence, In the period ofthis report, | have also filed the relevant notices following my appointment including with the London Gazette and Companies House and circulated notice of my appointment to the relevant partes including creditors ‘and other stakeholders. | have also obtained a specific bond as required by statute Assets Actions taken in relation to assots may have a direct financial benefit for creditors by way ofa distribution to creditors after settlement of properly incurred costs. ‘According to the Statement of Affairs lodged in these proceedings, the assets of the Company had an estimated value of £131.49, The progress of realisation of the Company's assets for the period of this report is detalled below. Computer Equipment The Statement of Affairs listed Computer Equipment with an estimated to realise value of £50.00, Due to the nominal value of this asset, | have decided to write off the same. This is because the costs associated with realising the Computer Equipment are likely to outweigh the sale proceeds, itis therefore not considered ‘commercial to pursue this asset, Fixtures and Fittings The Statement of Affairs listed fixtures and fitings with a book value of £253.00 and a nil estimated to realise value, ‘The Director has stated that the fixtures and fitings relates to CCTV which was faulty and has therefore beon written down to anil value and abandoned. The value of this asset is nominal and itis therefore not considered ‘commercial to continue with pursuit of the same, The fixtures and fitings have therefore been written off Book Debts The Statement of Affairs listed Book Debts with an estimated to realise value of £81.49, During the period of the Liquidation | have writen to the relevant debtor to request repayment of the funds ‘owing to the company. The debtor responded to my request disputing part of this debt, stating that some of the funds had been paid prior to my appointment. | was able to evidence this from the Company's bank statements. ‘As the remaining debtis of a nominal amount, itis not considered commercial to continue with pursuit of the same and | have therefore written off this assetOther Debtor The Statement of Affairs listed Other Debtors with a book value of 867,702.21 and an uncertain estimated to realise value. | corresponded with the Company's accounts in respect of this asset to ascertain further information. It was determined the other debtor listed on the Company's last accounts related to a Directors Loan Account DLA’) of which £67,702.21 is remaining | conducted a review of the Company's bank statements and queried payments of interest with the director. Part of the transactions queried were allocated to the Directors Loan Account therefore bringing the balance of the DLA to £85,816.69, | have written to the Director to request repayment of this balance and remain in correspondence at this time. No recoveries have been made in respect of this asset to date, 3. Investigations ‘Actions taken in relation to investigations will only have a direct financial benefit for creditors if actions or assets ‘are identified for realisation into the estate. The Liquidator has a statutory and regulatory duty to complete investigations into the conduct and affairs of the Company and its directors, An initial investigation into the Company's affairs was undertaken to establish whether there were any potential asset recoveries or conduct matters that justified further investigation. ‘These investigations included reviewing the changes in the Company's assets and liabilities in the period from its last accounts for the financial period ending 31 August 2021 to the date of Liquidation and a review of the Company's bank statements, | have also considered the Company's use of Covid support schemes and its entitlement to the same My initial investigations have identified some matters of interest which warrant further explanation by the Diractor of the Company. These queries relate to transactions with the Company's director, unknown parties and large and round sum transactions in the period leading up to liquidation, ‘As detailed above, | have queried these transactions with the Director and folowing the Directors response, | have allocated some of these transactions to the Directors Loan Account. There are still some transactions which [Tam continuing to query with the Director. It is currently uncertain whether the queries identified will result in realisations, however the relevant action will be taken on receipt of further information in respect of the same. ‘A report on the conduct of any individuals, who have been directors of the Company in the three years prior to the insolvency, is required to be submitted to the Secretary of State within three months of my appointment. | confirm that this has been submitted, however the content ofthis report is confidential 4. Costs and Expenses A Receipts & Payments Account for the period covered by this report and the liquidation in its entirety is ‘enclosed at Appendix 2. Receipts relating to asset realisations have been detalled in the progress section above, Information in relation to the costs and expenses of the liquidation are detailed below. Pre-Appointment Costs It was agreed with the board of directors prior to my appointment that my pre-appointment fee in this matter for assisting with the preparation of the Statement of AMfairs and the deemed consent procedure to place the Company into liquidation by fixed at £3,000.00 plus VAT. | received the sum of £3,600,00 from the Company prior to my appointment and drew my pre-appointment fee The fixed fee is considered to be fair and reasonable as it provides creditors with certainty as to the level of the {ee to be charged for this work. Further, the Liquidator considers that the fee is commensurate with the amount of ‘work required to carty out these actvties in their professional experience.Liquidator’s Remuneration Creditors have not yet agreed the basis of my post appointment remuneration, My time costs for the period 26 July 2023 to 25 July 2024 total £10,136.00 represented by 28.90 hours at an ‘average hourly rate of £350.69. A breakdown of these time costs is enclosed at Appendix 3. | confirm that no fees have been drawn to date in respect of these time costs, Liquidator’s Expenses My category 1 expenses paid for the period up to the end of this report are detailed below. None of these costs have been recovered to date. Nature of Expenses Provided by Incurred this, Tneurred to date period £ £ Statutory Advertsing Courts Advertising 199.60 199.60 Specific Bond Marsh 240.00 240.00 Land Registry Fees HM Land Registry 9.00 9.00 Agents ERA Solutions 300.00 300.00 Total 748.60 748.60 Agents & Valuers ERA Solutions Lid were instructed as agents to assist with employee claims and completing the relevant documents in this matter. Their costs have been agreed on a fixed fee of £300.00 plus VAT and these costs have been paid in full 5. Outcome for Creditors The following table shows the claims disclosed on the Statement of Affairs, the claims received to date, and the current projected dividend ‘Statement of Claims Dividend paid to Projected Affairs received date further dividend £ £ pie pie Fixed Charge NIL NIL NIL NIL Preferential 887.05 NIL NIL Uncertain Secondary Preferential 18,174.17 NIL NIL Uncertain Floating Charge NIL NIL NIL NIL Unsecured 82,692.26 64,242.53, NIL Uncertain Total 101,753.48 64,242.53 To date, the level of realisations in this case has been sufficient to caver only the costs and expenses of liquidation. it is currently uncertain whether there will be a distribution to any class of creditor as my investigations and collection of the DLA are ongoing.6. Further Information ‘As a creditor, you have a tight to request further information with regard to any aspect ofthis report orto challenge my fees and expenses. If you require further information, please do nat hesitate to contact me. If you require any further information, please make a request in writing within 21 days of recelpt of this report. | shall provide this information within 14 days of the request unless its considered that: 4. The time and costs involved in preparing the information would be excessive: or 2. Disclosure would be prejudicial to the conduct of the liquidation or might be expected to lead to violence against any person, If you are not satisfied with my response, you have the right to request further information from me with regard to my remuneration and expenses, with either the permission of the Court or with a collective request from 5% in value of unsecured creditors. This request must be made within eight weeks of receipt ofthis report Further, creditors have the right to apply to Court to challenge the amount of, or the basis of, my remuneration and ‘expenses, with either the permission of the Court or with a collective request from 10% in value of unsecured ‘creditors. This application must be made within eight weeks of receipt of this report, The officeholder can be contacted by writing to Leading, Lawrence House, 5 St Andrews Hill, Norwich, NR2 1AD ‘or by emailing mail@leading uk.com. 7. Conclusion ‘As set out in further detail throughout this report, | am currently unable to conclude the liquidation as the following matters are outstanding: ‘+ Lam continuing to pursue the Directors Loan Account, ‘© Lam querying transactions of interest with the Director ‘= Lam also continuing to meet my post-appointment taxation obligations, ‘The next report will either be to conclude the liquidation or willbe issued within two months of the next anniversary. I you have any queries, please contact Sam Smith at tis office. Jamie Playford u 20 September 2024@ Leading Statutory Information Client Information Name: DANOLI SOLUTIONS LTD Previous Names: : Registered Address: Lawrence House, 5 St Andrews Hil, Norwich, Norfolk, NR2 TAD. Former Registered Address: '56 New Court Way, Ormskirk, Lancashire, L39 2YT ‘Trading Names: E Trading Address: ‘56 New Court Way, Ormskirk, Lancashire, L30 2YT Principal Trading Activ Repair of computers and peripheral equipment Company Information (where relevant): Registered Number (05540037 Date of Incorporation: 18 August 2005 Court Information (where relevant): ‘Court : ‘Court Number: zi Appointment Details “Type of insolvency on Name of Officeholders) Jamie Playford ‘Address of Officehoider(s) Leading, Lawrence House, 6 St Andrews Hill Norwich, NR2 10D Date of Appointment: 26 July 2023 IP Number(s): 9735, ‘Authorising Bod ICAEW. ‘Your Right to Opt Out from Receiving Documents ‘As a creditor, you have a right to elect to opt out from receiving documents relating to this insolvency {rom the Officeholder. However, even if you do choose to opt out there are certain documents that you will stil receive: these being 5 ‘Any notices which the Insolvency Act 1986 requires to be delivered to all creditors without expressly excluding opted-out creditors; . ‘Any nolices of a change in the Otficeholder or the contact details for the Officeholder; and . Any notices relating to distributions, intended distributions and notices required to be given by court order. Please also note that: . (Opting-out will not affect your entitlement to receive dividends, should any be paid to creditors; . Uniess the Insolvency Rules provide otherwise, opting-out will not affect any right you may have to vole in a decision procedure or participate in a deemed consent procedure, although you will not receive notice of it: and . ‘Should you elect to opt-out of receiving any future documents, you will be treated as having opted out with respect fo any consecutive insolvency proceedings. If you wish to elect to opt out from receiving documents, please state so on the enclosed proof of debt form. Should you subsequently wish to cease being an opted-out creditor, please inform my office in wiringJurisdiction ‘The insalvent is based in the United Kingdom. The proceedings flowing from the appointment will be COMI proceedings. Data Protection Information about the way that we will use, and store personal data on insolvency appointments can be ound at the link below. Ifyou are unable to download this, please contact us and a hard copy will be provided to you free of charge. hitps:eading.shortem Jiforvacy Creditors Rights ‘A.copy of ‘A Creditors Guide to Officeholder Fees’ may be found at the link below. Please visit the link and. select the document that relates to CVL hitps:leading shortomlif3FeeGuides ‘Should you wish to lodge a claim in these proceedings, please complete and retum the proof of debt orm which can be found at the link below hitps leading shortom lilProof-of-Debt Retention of Title It you believe that you have delivered goods to the Company on sale or return, or without a retention of title clause you must contact this office within five business days ofthis letter to ensure that any such assets are hold in trust pending review of your ciaim to tte. | cannot be held responsible for any failure to bring this to my attention after the period, Ethical Issues and Complaints | am required to advise you that | am bound by the Insolvency Code of Ethics on all insolvency matters ‘and must remain independent at all times. We give high priority to client service and are keen to ensure that the quality ofthis is maintained. I at any time you would lke to discuss how the firm's service to you could be improved, or if you are dissalistied with any element of the service you are receiving, please contact me as soon 2s possible so that | may discuss our complaints policy with you. ‘A copy of our complaints policy can be found at the folowing link: hitps:leading.shortom,iiComplaints-Policy Investigations Where an entity is insolvent, | am required to undertake certain investigations into the period of trade prior to insolvency which may establish the cause of insolvency and may raise questions which require further information. To assist me in this, if you feel you have any information that is relevant to my investigations, please complete the creditors’ questionnaire avaliable at the link below. This does not ‘apply to Members’ Voluntary Liquidations. hitps:leading.shortom liCreditor-Questionnaire Charge-out Rates and Disbursement Policy ‘A.copy of this fms charge-out rate and disbursement policy may be found at hitps:/leading shortom.1USIP9 Hard copies of any of the documents referred to above will be provided free of charge upon request to my office,Statement of Affairs £ 50.00 NIL 81.49 Uncertain (157.33) (729.72) (18,174.17) (1,130.42) (9,083.61) (15,172.76) (66,270.11) (4,035.36) (1.00) (101,622.99) Note: Danoli Solutions Ltd (In Liquidation) Liquidator's Summary of Receipts & Payments From 26/07/2023 To 25/07/2024 £ ASSET REALISATIONS ‘Computer Equipment NIL Fixtures and Fittings NIL Book Debts NIL Other Debtor NIL NIL PREFERENTIAL CREDITORS 3 Employees’ Preferential Claims NIL Pension Schemes NIL NIL ‘SECONDARY PREFERENTIAL CREDITORS HMRC NIL NIL UNSECURED CREDITORS HM Revenue & Customs - PAYE/NIC NIL HM Revenue & Customs - CT NIL 3 Employees’ Unsecured Claims NIL Banks/Finance Companies NIL Trade Creditors NIL NIL DISTRIBUTIONS Ordinary Shareholders NIL NIL NIL REPRESENTED BY From 26/07/2023 To 25/07/2024 £ NIL. NIL NIL. NIL NIL NIL. NIL NIL NIL NIL. NIL. NIL. NIL NIL. NIL NIL NIL NIL NIL NIL The above figures do not include VAT. Where the entity was not VAT registered, VAT payable is shown as a separate entry in VAT Irrecoverable. Page tof 1 IPS SOL Ver. 2012.20 ‘Jamie Playford LiquidatorTime Entry - SIP9 Time & Cost Summary eee