Bounce Back Loan
During the year, the business took a Bounce Back Loan due to the uncertainty of the economic climate. A total of £4,296 remains repayable and is shown under the classification of liabilities.
Director's Loan
The Director, Mr Michael Bunday provided a working capital loan to the company during the year to meet company expenses. The balance outstanding to the Director as at 31st August 2024 was £768 (2023 £684). The loan has no prescribed method of repayment and attracts no interest. This amount is included under the classification of Long Term Liabilities.