Mr J G Bathurst is a related party by virtue of his directorship of and shareholding in the company. Mr J G Bathurst has provided a short term interest free loan to the company. The amount outstanding at 31 December 2024 was £67,500 (2023: £nil).
Mr J G Middlemiss is a related party by virtue of his directorship of and shareholding in the company. Mr J G Middlemiss has provided a short term interest free loan to the company. The amount outstanding at 31 December 2024 was £62,500 (2023: £nil).
Mrs C Bathurst is a related party by virtue of her directorship of and shareholding in the company. Mrs C Bathurst has provided a short term interest free loan to the company. The amount outstanding at 31 December 2024 was £60,000 (2023: £nil).
Mrs D Middlemiss is a related party by virtue of her directorship of and shareholding in the company. Mrs D Middlemiss has provided a short term interest free loan to the company. The amount outstanding at 31 December 2024 was £60,000 (2023: £nil).
Boardtek Limited is a wholly owned subsidiary of East Durham Boards Limited.
During the year, the companies traded together on an arm's length basis and East Durham Boards Limited recharged expenses to Boardtek Limited. The total net sales and recharged expenses to Boardtek Limited in the year were £208,162 (2023: £968,680) and the total net purchases and recharged expenses from Boardtek Limited were £1,049,145 (2023: £559,815).
At the year end, East Durham Boards Limited owed Boardtek Limited the sum of £127,448 (2023: £24,900). Boardtek Limited owed East Durham Boards Limited the sum of £19,144 (2023: £1,815).
Boardtek Limited has provided a cross company guarantee over the Barclays Bank borrowings to East Durham Boards Limited. This contains a fixed and floating charge covering all the property or undertaking of Boardtek Limited.