Mr Gary Clay has control over a majority of shares in the company, and is deemed to be the controlling party for the purposes of the Financial Reporting Standard No. 102a.
The amount owed to Mr Gary Clay on his directors loan account at 31 March 2024 was £7,226. (2023 £7,111).
Mr Gary Clay is also a director of Clay Developments (Huddersfield) Limited. The amount owed to Clay Construction (Huddersfield) Limited by way of Inter company loan account was £1,382,286 (2023 £1,594,364).
Mr Gary Clay is also a trustee and beneficiary of Clay Construction 1998 Pension Scheme. The Pension Scheme owns the property from which the company trades. During the year the company paid rent to the scheme £11,500 (2023 £11,500). The company also has a loan from the pension scheme.
The amount payable within 1 year was £153,040. (2023 £151,115).
The amount payable after more than 1 year was £77,495. ( 2023 £230,535).
Interest is charged at an annual rate of 1.5%.