During the year the company made advances totalling £55,154 (2024: £62,000) to the directors Mr and Mrs Richardson. Mr and Mrs Richardson repaid £128,562 (2023: £64,562) during the year. The balance outstanding as at 31 January 2025 was £nil (2024: £55,720). Interest is charged at HMRC official rates per annum and is calculated on a monthly basis. Interest of £512 (2024: £709) was charged on the outstanding balance during the
year.
The maximum overdrawn balance during the year was £45,812 (2024: £55,720).
During the year the company made advances totalling £35,674 (2024: £62,000) to the directors Mr and Mrs Bailey. Mr and Mrs Bailey repaid £91,299 (2024: £64,562) during the year. The balance outstanding as at 31 January 2025 was £nil (2024: £55,575). Interest is charged at HMRC official rates per annum and is calculated on a monthly basis. Interest of £479 (2024: £782) was charged on the outstanding balance during the year.
The maximum overdrawn balance during the year was £26,656 (2024: £55,575).
During the year the company made sub contractor payments of £18,150 (2024: £49,000) to S R Construction (South West) Limited. Mr and Mrs Richardson are the shareholders of this company, and Mr Richardson the sole director.