The following advances and credits to director M Kirkwood subsisted during the year ended 31 March 2023 and the year ended 31 March 2024:
Year ended 31 March 2023
Balance at 01/04/2022: £74,853 owed to the company,
£75,000 was paid to the company on 30/09/2022.
£112,276 was loaned to the director in the year.
Balance at 31/03/2023: £112,276 owed to the company.
Year ended 31 March 2024
Balance at 01/04/2023: £112,276 owed to the company.
£44,880 was repaid to the company in the year.
Balance at 31/03/2024: £67,396 owed to the company.
The above loan is unsecured, interest free and repayable on demand