Director's Loan
The Director, Mr James Parry, provided a working capital loan to the company during the year to meet company expenses. The balance outstanding to the Director as at 31st October 2024 was £6,352.26 (£5,278.68 2023). The loan has no prescribed method of repayment and attracts no interest. This amount is included under the classification of Current Liabilities.
Bounce Back Loan
During the year, the entity received a government backed Bounce Back Loan with an amount outstanding of £7,623.94. This amount is included under the classification of Long Term Liabilities.