Trevor Franks and Neil Ratcliffe are related parties by virtue of their directorships of and shareholdings in the company.
The following transactions took place during the year between Trevor Franks and the company:
Amounts due to the related party as at 1 July 2023 : £11,658
Payments to related party : (£61,814)
Amounts received from related party : £54,871
Amounts due to the related party as at 30 June 2024 : £4,715
The following transactions took place during the year between Neil Ratcliffe and the company:
Amounts due to the related party as at 1 July 2023 : £8,538
Payments to related party : (£61,814)
Amounts received from related party : £54,872
Amounts due to the related party as at 30 June 2024 : £1,596
During the year, Mr Neil Ratcliffe and Mr Trevor Franks received equity dividends on ordinary shares in the sum of £80,000. (2022 : £20,000).