| The Director, Damiano La Rocca has loaned the company £15,500 (2021 £15,500). The amount is included within "Other Creditors". No interest is payable under this arrangement.
The company received a £24,000 bounce back loan. The remaining balance is allocated as follows:
- £13,585 (2022 £18,600) included within "Bank borrowings and overdrafts" plus the balance of
- £5,430 (2022 £5,400) included in "Bank borrowings and overdrafts" under Creditors due within one year.
Interest is charged at 2.5 per cent. Capital repayments commenced in July 2023 (postponed from Jan 2023) and the loan will be fully repaid by 6th May 2027 at approximately £1,000 per month.
The company received a £50,000 loan from the Postcode Innovation Trust of which £12,461 is included in "Other creditors" due after one year. The balance of £8,899 is included in "Other creditors" due within one year. |