Bounce Back Loan
In a previous year, a bounce back loan was taken. A total of £5,422 is repayable and is shown under the classification of liabilities.
Director's Loan
The Director, Mrs Claire Swannepoel, provided a working capital loan to the company during the year to meet company expenses. The balance outstanding to the Director as at 31st January 2024 was £4,809 (2023 £6,137).
The loans have no prescribed method of repayment and attracts no interest. This amount is included under the classification of Long Term Liabilities.
The Director, Mr Brendan Mastersl, provided a working capital loan to the company during the year to meet company expenses. The balance outstanding to the Director as at 31st January 2024 was £3,515 (2023 £3,515).
The loans have no prescribed method of repayment and attracts no interest. This amount is included under the classification of Short Term Liabilities.