10 Director's advances, credit and guarantees
During the financial year ended 31 March 2024, the company entered into transactions with directors in respect of advances and credits, as detailed below: Advances provided to directors during the year amounted to £116,698. Credits extended to directors during the year totalled £67,507. As at 31 March 2024, the directors' loan account was overdrawn by £49,191. This balance was fully repaid on 30 April 2024. All advances, credits, and repayments were conducted in accordance with section 413 of the Companies Act 2006. Appropriate documentation and agreements were maintained, and transactions were on commercial terms. Disclosure The company confirms that there were no breaches of the Companies Act 2006 or other applicable regulations in respect of directors' advances and credits.