The following related party transactions were undertaken during the year:
There were no transactions relating to the estate of a deceased close family member. At the year end the balance payable was £10,000 (2023: £10,000).
A director and shareholder, introduced £312 (2023: £312). At the year end the balance owed to the director was £130 (2023 balance owed to the company: £182).
Director's and shareholders, withdrew £Nil (2023: withdrew £120,000) and introduced £624 (2023: £95,624). At the year end the balance receivable was £44,383 (2023: £45,007).
During the year, the company loaned £3,000 to a close family member and shareholder and was repaid £Nil (2023: loaned £4,854 and was repaid £Nil). At the year end the balance receivable was £71,812 (2022: £68,812).
A company under common control, had expenses paid for totalling £1,390 (2023: repaid amounts totalling £Nil). At the year end the balance receivable was £288,021 (2023: £286,630).
No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.