Director's Loan
The Director, Mr Usman Butt, provided a working capital loan to the company during the year to meet company expenses. The balance outstanding to the Director as at 31st July 2024 was £65,613 (2023 £66,107). The loan has no prescribed method of repayment and attracts no interest. This amount is included under the classification of Current Liabilities.
Intra Company Loans
The Company has received short term loan facilities from a company controlled by close relationship Director. The amount outstanding as at 31/07/2024 was £44,917.