During the year, sales, purchases and recharges were entered into with connected companies under the common control of the director. These were carried out on an arms length basis.
Included within the trade debtors figures are amounts owed from the following companies under common control:
GT Motoring Solutions Ltd - £27,205 (2023: £9,449)
Sheffield Car Shop Ltd = £36,430 (2023: £20,514)
Included within other debtors is a figure of £55,200 (2023: £55,200) that is owed from Mercia Memories Ltd, a company under common control of the director, for a loan that is repayable after the year end.
Included within other debtors is a figure of £42,700 (2023: £NIL) that is owed from Sheffield Car Shop Ltd, a company under common control of the director, for a loan that is repayable after the year end
Included within other creditors is a figure of £13,000 (2023: £25,000) that is owed to GT Motoring Solutions Ltd, a company under common control of the director, for a loan that is repayable after the year end.
Included within other creditors is a figure of £92,190 (2023: NIL) that is owed to Mercia Memories Ltd in relation to the acquisition of goodwill on the purchase of a business. The company is under common control of the director. There is a split of £15,191 short term and £76,999 long term.