The following related party transactions were undertaken during the year:
A director introduced amounts totalling £Nil (2023: £6,537) and withdrew amounts totalling £5,658 (2023: £nil). A dividend was paid to the director totalling £Nil (2023: £Nil). At the balance sheet date the amount payable to the director was £878 (2023: £6,537).
A director introduced amounts totalling £Nil (2023: £10,000) and withdrew amounts totalling £12,434 (2023: £6,500). A dividend was paid to the director totalling £10,000 (2023: £2,000). At the balance sheet date the amount payable to the director was £3,066 (2023: £5,500).
During the period, a connected company provided advances of £10,000 (2023: £13,552) and received repayments of £10,000 (2023: £3,000). At the balance sheet date the amounts owed to the company totalled £10,552 (2023: £10,552).
Dividends were paid to the directors in respect of their shareholdings totalling £20,000 (2023: £2,000).
The aggregate remuneration paid to key management personnel for the year was £13,200 (2023: £14,300).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.