The figure is a smallish amount and the Director actually died several years ago. It's just never been dealt with and doesn't make any sense for it still to be there.
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Never buy black socks from a normal shop. They shaft you every time.
It is only a small amount (£500) that has sat in the accounts for 11 years (he died about 6 years ago). The original loan was from 18 years ago and all but £500 was repaid to him. The books were kept manually back then and the Directors loan was always shown in the Final Accounts as a total amount for three Directors (Grandfather, Father & Son). The shares he had were distributed to his grandsons (both Directors). It has only been recently when finding out how the total on the Directors Loan Account was made up that this figure has appeared.
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Never buy black socks from a normal shop. They shaft you every time.
