During the year the company had the following related party transactions:
Contained within intercompany loans is the following amounts due (to)/from Suitor Autofix Ltd:
Rapid Car Hire (NI) Ltd: £25,464 (2022: £26,964)
Moneyrea Recovery Ltd: £13,748 (2022: £12,748)
Suitor Autos Ltd : £82,069 (2022: £102,771)
The amounts due from Rapid Car Hire (NI) Ltd and the amount due to Moneyrea Recovery Ltd are unsecured, interest free and repayable on demand.
The amount due from Suitor Autos Ltd is interest free secured by way of a floating charge over the assets of the company.
During the year Suitor Autofix Ltd invoiced Suitor Autos Ltd, Moneyrea Recovery Ltd and Rapid Car Hire (NI) Ltd for goods and services under normal market conditions. Amounts included in trade debtors are as follows: Rapid Car Hire (NI) Ltd: £76,988, Moneyrea Recovery Ltd: £1,204 and Suitor Autos Ltd: £35,392.
Suitor Autofix Ltd, Suitor Autos Ltd, Moneyrea Recovery Ltd and Rapid Car Hire (NI) Ltd are companies under common control.