Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falseNo description of principal activity2024-01-01false1112truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09988592 2024-01-01 2024-12-31 09988592 2023-01-01 2023-12-31 09988592 2024-12-31 09988592 2023-12-31 09988592 c:Director1 2024-01-01 2024-12-31 09988592 c:Director3 2024-01-01 2024-12-31 09988592 c:RegisteredOffice 2024-01-01 2024-12-31 09988592 d:PlantMachinery 2024-01-01 2024-12-31 09988592 d:PlantMachinery 2024-12-31 09988592 d:PlantMachinery 2023-12-31 09988592 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09988592 d:ComputerEquipment 2024-01-01 2024-12-31 09988592 d:ComputerEquipment 2024-12-31 09988592 d:ComputerEquipment 2023-12-31 09988592 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09988592 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09988592 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 09988592 d:ComputerSoftware 2024-12-31 09988592 d:ComputerSoftware 2023-12-31 09988592 d:CurrentFinancialInstruments 2024-12-31 09988592 d:CurrentFinancialInstruments 2023-12-31 09988592 d:Non-currentFinancialInstruments 2024-12-31 09988592 d:Non-currentFinancialInstruments 2023-12-31 09988592 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09988592 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09988592 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09988592 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09988592 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09988592 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09988592 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 09988592 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09988592 d:ShareCapital 2024-12-31 09988592 d:ShareCapital 2023-12-31 09988592 d:SharePremium 2024-01-01 2024-12-31 09988592 d:SharePremium 2024-12-31 09988592 d:SharePremium 2023-12-31 09988592 d:OtherMiscellaneousReserve 2024-01-01 2024-12-31 09988592 d:OtherMiscellaneousReserve 2024-12-31 09988592 d:OtherMiscellaneousReserve 2023-12-31 09988592 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09988592 d:RetainedEarningsAccumulatedLosses 2024-12-31 09988592 d:RetainedEarningsAccumulatedLosses 2023-12-31 09988592 c:OrdinaryShareClass1 2024-01-01 2024-12-31 09988592 c:OrdinaryShareClass1 2024-12-31 09988592 c:FRS102 2024-01-01 2024-12-31 09988592 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09988592 c:FullAccounts 2024-01-01 2024-12-31 09988592 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09988592 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 09988592 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 09988592 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 09988592 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 09988592 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 09988592 2 2024-01-01 2024-12-31 09988592 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 09988592 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09988592









OLLY'S OLIVES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
OLLY'S OLIVES LIMITED
 
 
COMPANY INFORMATION


Directors
O T Hiscocks 
S Hiscocks 




Registered number
09988592



Registered office
66 Hazledene Road
London

United Kingdom

W4 3JB




Accountants
Donald Reid Limited

1010 Eskdale Road

Winnersh

Wokingham

England

RG41 5TS





 
OLLY'S OLIVES LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 15

 
OLLY'S OLIVES LIMITED
REGISTERED NUMBER: 09988592

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,906
1,958

Tangible assets
 5 
1,781
23,866

  
4,687
25,824

Current assets
  

Stocks
 6 
290,089
368,899

Debtors: amounts falling due within one year
 7 
574,457
446,188

Cash at bank and in hand
 8 
608,124
436,044

  
1,472,670
1,251,131

Creditors: amounts falling due within one year
 9 
(596,166)
(591,244)

Net current assets
  
 
 
876,504
 
 
659,887

Total assets less current liabilities
  
881,191
685,711

Creditors: amounts falling due after more than one year
 10 
(22,439)
(79,721)

  

Net assets
  
858,752
605,990


Capital and reserves
  

Called up share capital 
 13 
209
201

Share premium account
 14 
3,046,566
2,611,594

Other reserves
 14 
19,368
18,445

Profit and loss account
 14 
(2,207,391)
(2,024,250)

  
858,752
605,990


Page 1

 
OLLY'S OLIVES LIMITED
REGISTERED NUMBER: 09988592
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2025.




O T Hiscocks
Director

The notes on pages 3 to 15 form part of these financial statements.

Page 2

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Olly's Olives Limited is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The registration number is 09988592. The registered office is 66 Hazledene Road, London, United Kingdom, W4 3JB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 5

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Development expenditure
-
5
years

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The
Page 8

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.17
Financial instruments (continued)

impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 12).

Page 9

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
2,061


Additions
1,492



At 31 December 2024

3,553



Amortisation


At 1 January 2024
103


Charge for the year on owned assets
544



At 31 December 2024

647



Net book value



At 31 December 2024
2,906



At 31 December 2023
1,958



Page 10

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
57,092
8,800
65,892


Additions
6,140
832
6,972


Disposals
(63,232)
-
(63,232)



At 31 December 2024

-
9,632
9,632



Depreciation


At 1 January 2024
35,742
6,284
42,026


Charge for the year on owned assets
9,069
1,567
10,636


Disposals
(44,811)
-
(44,811)



At 31 December 2024

-
7,851
7,851



Net book value



At 31 December 2024
-
1,781
1,781



At 31 December 2023
21,350
2,516
23,866


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
290,089
368,899

290,089
368,899


Page 11

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
485,559
367,183

Other debtors
7,947
57,356

Prepayments and accrued income
73,793
15,048

Tax recoverable
7,158
6,601

574,457
446,188



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
608,124
436,044

608,124
436,044



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,083
9,834

Other loans
40,864
92,000

Trade creditors
436,214
377,293

Corporation tax
557
-

Other taxation and social security
40,484
17,453

Obligations under finance lease and hire purchase contracts
-
2,194

Other creditors
6,388
36,354

Accruals and deferred income
61,576
56,116

596,166
591,244


Page 12

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
22,439
73,386

Net obligations under finance leases and hire purchase contracts
-
6,335

22,439
79,721



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,083
9,834

Other loans
40,864
92,000


50,947
101,834

Amounts falling due 1-2 years

Bank loans
10,338
50,947


10,338
50,947

Amounts falling due 2-5 years

Bank loans
12,101
22,439


12,101
22,439


73,386
175,220


Page 13

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
-
2,194

Between 1-5 years
-
6,335

-
8,529


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,086,638 (2023 - 2,012,076) Ordinary shares of £0.0001 each
209
201


During the year 74,562 Ordinary shares with a nominal value of £0.0001 per share totalling £7.46 were issued for a total consideration of £434,980. 


14.


Reserves

Share premium account

The share premium account records the amount above nominal value received for shares sold, less transaction costs.

Other reserves

Charges relating to share based payments are included in other reserves.

Profit and loss account

The profit and loss account records the cumulative profits or losses of the company since incorporation, less any dividends.

Page 14

 
OLLY'S OLIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

15.


Share-based payments

Olly's Olives Limited has an equity-settled Enterprise Management Incentive Scheme (“EMI”) which is available to UK employees who work for the Company and satisfy the qualifying conditions and the EMI working time requirements.
The company also operates an unapproved options scheme.
The options vest over a period of up to 3 years from grant date. The Black-Scholes valuation method was used to determine the fair-value of the options vested during the year.
A charge of £923 
(2023: £2,768) has been recognised within the profit and loss in relation to the share based payment.


16.


Pension commitments

The Company operates a defined contributions 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 and amounted to £21,736 (2023: £8,868). Contributions totalling £2,024 (2023: £1,778) were payable to the fund at the balance sheet date and are included in other creditors.


17.


Transactions with directors

During the year, the directors received advances of £1,650 (2023: £Nil). Repayments of £19,130 (2023: £Nil) were made by the directors.


18.


Related party transactions

At the year end, included in other debtors due within one year is an amount of £1,650 (2023: £19,130) owed by the directors to the company. The loans are interest free and repayable on demand.

 
Page 15