A Menezes
The above is a related party by virtue of being a shareholder in the company.
During the year, the shareholder drew monies against her loan account.
At the balance sheet date, the related party was owed £3,000 (2023: £5,000) by the company.
Dividends voted in the year were £9,000 (2023: £15,000)
M Menezes
The above is a related party by virtue of being the director in the company.
During the year, the related party drew monies against his loan account.
At the balance sheet date, the related party was owed £340 (2023: £28) by the company.
Dividends voted in the year were £53,000 (2023: £38,000)
No interest has been charged on the loan during the period.