Bounce Back Loan
Prior to this year, the business took a Bounce Back Loan due to the uncertainty of the economic climate. A total of £4,171.26 is repayable as of the year end and is shown under the classification of liabilities.
Director's Loan
The Director, Miss Rachel Lewis-Mayhew 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 £4,294.84 (2023 £1,050.93). The loan has no prescribed method of repayment and attracts no interest. This amount is included under the classification of Liabilities.