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PHOTON ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 9
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PHOTON ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 10
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PHOTON ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 11
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PHOTON ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Capital redemption reserve
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund, plus an additional administration fee and amounted to £138,324 (2024: £115,709). Contributions totalling £36,949 (2024: £20,521) were payable to the fund at the balance sheet date and are included in other creditors.
15.Transactions with directors
J R Bates:
The balance included in creditors at the year-end due to the director was £223 (2024: £17,563 included in debtors). The loan is interest free and repayable on demand. M H Holmes: The balance included in creditors at the year-end due to the director was £1,389 (2023: £16,396 included in debtors). The loan is interest free and repayable on demand. J Palfreyman: The balance included in debtors at the year-end due from the director was £4,115 (2024: £nil). The loan is interest free and repayable on demand.
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