Scandal-hit Apostle Accounting set to fold
Police inquiries are underway into Apostle Accounting’s recent tax dealings as its owner continues to plead innocence.
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In a separate article today on the Economic Crime & Corporate Transparency Act coming into force, it is at long last good to see an intent that Companies House might actually become more than just a collection point for accounts. I have on several occasions asked Companies House to explain how they can simply accept accounts without any checks being made on fundamental issues such as "Why doesn't the Balance Sheet balance ?", "Why are Directors listed in the accounts when the filing record does not show them ever being appointed ?"How can the share capital in the accounts be more than in a confirmation statement filed 6 months later without any other documentation having been filed?" It shouldn't take a genius to look at the filed accounts for Apostle and compare 2022 with the 2021 figures. In 2021 the accounts as filed show creditors being added to current assets ! - look at the notes for debtors and creditors and disclosures are all over the place. Add to that the capital has reduced by over £700k - presumably in dividends extracted . Then we see Ms Goodchild in April 2023 become the Director of LSHE Holdings Ltd which swaps out the shares in Apostle for 100 shares in LSHE. No red flags on any of this within a public agency. Having had to previously pick up the pieces from clients of firms like this & having dealt with Code of Practice 9 investigations resulting from shocking & wrong advice given to company directors and individuals the answer just for once lies in better regulation of those involved in giving advice. In two cases which I have had to deal with, HMRC have subsequently withdrawn 64-8 authorisations from firms involved. Why do we have a system whereby solicitors are subject to the Law Society & The SRA but literally anyone can call themselves an accountant, trade from their spare bedroom and be answerable to no-one unless they get caught?
Apostle Accounting Ltd's October 2022 balance sheet shows a MINUS 28k NBV for motor vehicles! Says it all about that company.
Oh yes!
I'd looked at the accounts but only a cursory glance at the balance sheet; Once you look a little further those accounts are dire!!
The serious fraud squad (if it still exists) or similar should be all over this. The folk that got repayments went along with it. £21k repayment means £47k of spurious expenses that the taxpayer should have never claimed or chose not to question. Deserve all they get.
bbc got the numbers wrong, for all the data that the guy collected it was approx 800 people and between them they are being demanded by hmrc to pay approx £3.5m, the evidence of at very least professional negligence is stacking up, and I am told Ersou are still looking into all of it, these people have learnt a very expensive lesson on trust and their taxes