The following advances and credits to directors R Swain and T Swain subsisted during the period ended 31 August 2021 and 31 August 2022:
Period ended 31 August 2022
R Swain
Balance at 01/09/2021: £5,866 owed to the director.
£2,231 was repaid to the director in the year.
Balance at 31/08/2022: £3,635 owed to the director.
T Swain
Balance at 01/09/2021: £90,957 owed to the director.
£4,212 was repaid by the company in the year.
Balance at 31/08/2022: £86,745 owed to the director.
Period ended 31 August 2023
R Swain
Balance at 01/09/2022: £3,635 owed to the director.
£3,635 was repaid to the director in the year and £19,893 was loaned to the director.
Balance at 31/08/2023: £19,893 owed to the company.
T Swain
Balance at 01/09/2022: £86,745 owed to the director.
£12,010 was repaid to the company in the year.
Balance at 31/08/2023: £74,735 owed to the director.
The above loans are unsecured, interest free and repayable on demand.