Directors Loan Account: These loans are free of interest and repayable on demand. The amount is included within other creditors.
Amount due to the related party: 2023: £64,847 (2022: £111,268).
Sachdev Properties Ltd: Loan account
A company in which the director Mr P Sachdev is also a director and a shareholder.
These loans are free of interest and repayable on demand. The amount is included within other debtors.
Amount due from the related party: 2023: £18,770 (2022: £4,813).
Lily's Indian Vegetarian Deli Ltd: Loan account
A company in which the directors Mr P Sachdev and Mr R Sachdev are also shareholders and directors.
These loans are free of interest and repayable on demand. The amount is included within other debtors
Amount due from the related party: 2023: £44,996 (2022: £91,885).
Amount of Sales during the year: 2023: £196,076 (2022: £181,561).
Lily's Deli Ancoats Ltd: Loan account
A company in which the directors Mr P Sachdev and Mr R Sachdev are also shareholders and directors.
These loans are free of interest and repayable on demand. The amount is included within other debtors
Amount due from the related party: 2023: £113,232 (2022: £112,376)
Amount of Sales during the year: 2023: £86,430 (2022: £97,614)
Shareholders Loan account:
These loans are free of interest and repayable on demand. The amount is included within other creditors.
Amount due from the related party: 2023: £898,923 (2022: £707,610).