Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31false152021-04-01false13trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11374200 2021-04-01 2022-03-31 11374200 2020-04-01 2021-03-31 11374200 2022-03-31 11374200 2021-03-31 11374200 2020-04-01 11374200 2 2020-04-01 2021-03-31 11374200 d:Director1 2021-04-01 2022-03-31 11374200 e:Buildings e:LongLeaseholdAssets 2021-04-01 2022-03-31 11374200 e:Buildings e:LongLeaseholdAssets 2022-03-31 11374200 e:Buildings e:LongLeaseholdAssets 2021-03-31 11374200 e:FurnitureFittings 2021-04-01 2022-03-31 11374200 e:FurnitureFittings 2022-03-31 11374200 e:FurnitureFittings 2021-03-31 11374200 e:FurnitureFittings e:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 11374200 e:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 11374200 e:PatentsTrademarksLicencesConcessionsSimilar 2021-04-01 2022-03-31 11374200 e:Goodwill 2021-04-01 2022-03-31 11374200 e:Goodwill 2022-03-31 11374200 e:Goodwill 2021-03-31 11374200 e:OtherResidualIntangibleAssets 2021-04-01 2022-03-31 11374200 e:OtherResidualIntangibleAssets 2022-03-31 11374200 e:OtherResidualIntangibleAssets 2021-03-31 11374200 e:CurrentFinancialInstruments 2022-03-31 11374200 e:CurrentFinancialInstruments 2021-03-31 11374200 e:Non-currentFinancialInstruments 2022-03-31 11374200 e:Non-currentFinancialInstruments 2021-03-31 11374200 e:CurrentFinancialInstruments e:WithinOneYear 2022-03-31 11374200 e:CurrentFinancialInstruments e:WithinOneYear 2021-03-31 11374200 e:Non-currentFinancialInstruments e:AfterOneYear 2022-03-31 11374200 e:Non-currentFinancialInstruments e:AfterOneYear 2021-03-31 11374200 e:ShareCapital 2022-03-31 11374200 e:ShareCapital 2021-03-31 11374200 e:ShareCapital 2020-04-01 11374200 e:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 11374200 e:RetainedEarningsAccumulatedLosses 2022-03-31 11374200 e:RetainedEarningsAccumulatedLosses 2020-04-01 2021-03-31 11374200 e:RetainedEarningsAccumulatedLosses 2021-03-31 11374200 e:RetainedEarningsAccumulatedLosses 2020-04-01 11374200 e:RetainedEarningsAccumulatedLosses 2 2020-04-01 2021-03-31 11374200 d:OrdinaryShareClass1 2021-04-01 2022-03-31 11374200 d:OrdinaryShareClass1 2022-03-31 11374200 d:OrdinaryShareClass1 2021-03-31 11374200 d:OrdinaryShareClass2 2021-04-01 2022-03-31 11374200 d:OrdinaryShareClass2 2022-03-31 11374200 d:OrdinaryShareClass2 2021-03-31 11374200 d:FRS102 2021-04-01 2022-03-31 11374200 d:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 11374200 d:FullAccounts 2021-04-01 2022-03-31 11374200 d:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 11374200 e:EntityControlledByKeyManagementPersonnel1 2021-04-01 2022-03-31 11374200 e:EntityControlledByKeyManagementPersonnel1 2020-04-01 2021-03-31 11374200 e:EntityControlledByKeyManagementPersonnel1 2022-03-31 11374200 e:EntityControlledByKeyManagementPersonnel1 2021-03-31 11374200 e:EntityControlledByKeyManagementPersonnel2 2021-04-01 2022-03-31 11374200 e:EntityControlledByKeyManagementPersonnel2 2020-04-01 2021-03-31 11374200 e:EntityControlledByKeyManagementPersonnel2 2022-03-31 11374200 e:EntityControlledByKeyManagementPersonnel2 2021-03-31 11374200 e:EntityControlledByKeyManagementPersonnel3 2021-04-01 2022-03-31 11374200 e:EntityControlledByKeyManagementPersonnel3 2020-04-01 2021-03-31 11374200 e:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-04-01 2022-03-31 11374200 e:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2020-04-01 2021-03-31 11374200 e:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-31 11374200 e:WithinOneYear 2022-03-31 11374200 e:WithinOneYear 2021-03-31 11374200 e:BetweenOneFiveYears 2022-03-31 11374200 e:BetweenOneFiveYears 2021-03-31 11374200 4 2021-04-01 2022-03-31 11374200 e:Goodwill e:OwnedIntangibleAssets 2021-04-01 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11374200









IGNITION LAW SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
IGNITION LAW SERVICES LIMITED
REGISTERED NUMBER:11374200

BALANCE SHEET
AS AT 31 MARCH 2022

As restated
2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
975,286
1,125,361

Tangible assets
 5 
34,413
40,057

  
1,009,699
1,165,418

Current assets
  

Work in progress
  
211,569
55,634

Debtors: amounts falling due within one year
 6 
863,621
720,921

Cash at bank and in hand
  
143,395
212,679

  
1,218,585
989,234

Creditors: amounts falling due within one year
 7 
(675,935)
(886,447)

Net current assets
  
 
 
542,650
 
 
102,787

Total assets less current liabilities
  
1,552,349
1,268,205

Creditors: amounts falling due after more than one year
 8 
(33,333)
(50,000)

Provisions for liabilities
  

Deferred tax
  
(5,714)
-

Net assets
  
 
 
1,513,302
 
 
1,218,205


Capital and reserves
  

Called up share capital 
 9 
10
10

Profit and loss account
  
1,513,292
1,218,195

  
1,513,302
1,218,205


Page 1

 
IGNITION LAW SERVICES LIMITED
REGISTERED NUMBER:11374200
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A J McPherson
Director

Date: 7 September 2022

The notes on pages 4 to 14 form part of these financial statements.

Page 2

 
IGNITION LAW SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2020 (as restated)
10
1,276,526
1,276,536



Profit for the year
-
22,898
22,898

Dividends paid during the year
-
(3,846)
(3,846)

Purchase of own shares
-
(77,383)
(77,383)



At 1 April 2021 (as restated)
10
1,218,195
1,218,205



Profit for the year
-
596,852
596,852

Dividends paid during the year
-
(301,755)
(301,755)


At 31 March 2022
10
1,513,292
1,513,302


The notes on pages 4 to 14 form part of these financial statements.

Page 3

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Ignition Law Services Limited is a private company, limited by shares, incorporated in England and Wales. The company number is 11374200 and the registered office is 1 Sans Walk, London, EC1R 0LT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements are prepared in accordance with FRS 102 “The Financial Reporting
Standard applicable in the UK and Republic of Ireland” as applied in the context of the small entities
regime.
The accounts have been prepared under the going concern basis. 
The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.3

Revenue

Legal and advisory services revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Legal and advisory services revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Legal and advisory services revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Please see note 4 and 12 for further information. 

Page 6

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Domain names
-
7
years
Goodwill
-
10
years

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
3 years
Fixtures and fittings
-
1.75-3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Stocks

Work in progress at the year end relates to the cost of unbilled time for legal services. Work in progress is valued at the lower of cost and net realisable value being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. 

Page 7

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.18

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Page 8

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.19

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2022
        2021
            No.
            No.







Employees
15
13


4.


Intangible assets




Domain names
Goodwill
Total

£
£
£



Cost


At 1 April 2021
538
1,500,000
1,500,538



At 31 March 2022

538
1,500,000
1,500,538



Amortisation


At 1 April 2021
177
375,000
375,177


Charge for the year on owned assets
75
150,000
150,075



At 31 March 2022

252
525,000
525,252



Net book value



At 31 March 2022
286
975,000
975,286



At 31 March 2021
361
1,125,000
1,125,361



Page 9

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2021
9,898
51,975
61,873


Additions
-
19,995
19,995


Disposals
(9,898)
-
(9,898)



At 31 March 2022

-
71,970
71,970



Depreciation


At 1 April 2021
147
21,669
21,816


Charge for the year on owned assets
3,299
15,888
19,187


Disposals
(3,446)
-
(3,446)



At 31 March 2022

-
37,557
37,557



Net book value



At 31 March 2022
-
34,413
34,413



At 31 March 2021
9,751
30,306
40,057

Page 10

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


Debtors

As restated
2022
2021
£
£


Trade debtors
728,225
588,095

Other debtors
130,631
132,826

Tax recoverable
4,765
-

863,621
720,921



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
26,052
23,170

Trade creditors
243,793
260,325

Taxation and social security
366,837
568,463

Other creditors
39,253
34,489

675,935
886,447


Included within 'Bank loans' is a loan advanced to the company from its director. At year end, the company owed the director £16,052 (2021 - £16,052) via a Director's Loan ISA which is unsecured, repayable on demand and subject to interest at 14% per annum. Interest of £2,247 (2021 - £770) was paid to the director during the year.

2022
2021
£
£

Taxation and social security

PAYE/NI control
27,364
105,367

Corporation tax
190,449
224,596

VAT control
149,024
238,500

366,837
568,463


Page 11

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans due within 1-2 years
10,000
6,667

Bank loans due within 2-5 years
23,333
43,333

33,333
50,000


The Coutts Bounce Back Loan is denominated in sterling with a nominal interest rate of 2.5%, and the final instalment is due on 27 August 2026. The carrying amount at year end is £43,333 (2021 - £50,000).
There was a 12 month capital repayment holiday for the first year of the loan with the UK Government paying the interest for this period. The first capital repayment was on 27 August 2021 and interest started
accruing at 2.5% from this date, which will be paid by Ignition Law Services Limited. This loan is unsecured.


9.


Share capital

2022
Restated 2021
£
£
Allotted, called up and fully paid



100 (2021 -100) Ordinary shares of £0.001- each
0.1
0.1
96 (2021 -96) Ordinary B shares of £0.1 each
9.6
9.6

9.7

9.7

On 21 May 2018, 20 Ordinary shares of £0.001 were issued with a nominal value of £0.001 each for proceeds of £0.02.
On 27 September 2018, 80 Ordinary shares of £0.001 were issued with a nominal value of £0.001 each for proceeds of £0.08.
On 20 June 2019, 96 Ordinary shares of £0.1 were issued with a nominal value of £0.1 each for proceeds of £9.6. 
On 18 May 2020, the company purchased 50 £0.001 Ordinary and 48 £0.1 Ordinary B shares into treasury for proceeds of £77,383.34 paid via distributable reserves. At year end, the company holds 50 (2021 - 50) Ordinary and 48 (2021 - 48) Ordinary B shares in treasury. 


Page 12

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

10.


Prior year adjustment

During the year, the Directors reviewed and considered their accounting policies as well as reviewing prior year transactional data and treatment. 
The Directors identified that share capital issued in prior years had not been accounted for and have restated the prior year share capital to account for shares issued in 2018 and 2019 as detailed in note 11. The effect of this is to increase share capital at 31 March 2021 by £9 and increase other debtors by £9. 
In addition, the Directors have corrected the accounting for the purchase of own shares into Treasury out of distributable reserves in 2021. Previously, the consideration paid of £77,383 was recorded in the Statement of Comprehensive Income. To correct this, the Directors have recognised the purchase by reducing retained earnings by £77,383 with resulting exceptional income of the same amount in the Statement of Comprehensive Income. The overall movement in retained earnings at 31 March 2021 is £Nil. 


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £47,036 (2021 - £79,433). Contributions totalling £6,535 (2021 - £4,929) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 31 March 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
41,500
18,750

Later than 1 year and not later than 5 years
-
41,500

41,500
60,250

Page 13

 
IGNITION LAW SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

13.


Related party transactions

During the year an LLP, in which one of the designated members is a director of this company, recharged £3,000 (2021 - £103,779) to the company. The balance due from the LLP at the balance sheet date was £10,766 (2021 - £7,766). This loan is interest free and repayable on demand. 
 
During the year, services totalling £69,297 (2021 - £3,247 was recharged) were received from a company under common control. The balance due from the company under common control at the balance sheet date was £7,060 (2021 - £16,258). This loan is interest free and repayable on demand. 
 
During the year services totalling £6,305 (2021 - £49,838) were received from a company under common control, and £Nil (2021 - £7,500) of services re-charged to the company under common control. The balance due to the company under common control at the balance sheet date was £Nil (2021 - £6,305). This loan is interest free and repayable on demand. 
 
During the year, the director repaid the company £14,076 (2021 - £Nil). At year end, the director owed the company £Nil (2021 - £14,672). This loan is included within "Other Debtors", is interest free and repayable on demand. 
During the year dividends paid to the director totalled £275,500 (2021 - £3,846). 

 
Page 14