Profad Care Agency Limited 09636223 Providing Care for the elderly and disabled in their own home false 1 January 2022 09636223 2022-01-01 2022-12-31 09636223 2021-12-31 09636223 2022-12-31 09636223 2021-01-01 2021-12-31 09636223 2020-12-31 09636223 2021-12-31 09636223 frs102-bus:FRS102 2022-01-01 2022-12-31 09636223 frs102-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09636223 frs102-bus:FullAccounts 2022-01-01 2022-12-31 09636223 frs102-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09636223 frs102-core:CurrentFinancialInstruments 2022-12-31 09636223 frs102-core:CurrentFinancialInstruments 2021-12-31 09636223 frs102-core:Non-currentFinancialInstruments 2022-12-31 09636223 frs102-core:Non-currentFinancialInstruments 2021-12-31 09636223 frs102-core:ShareCapital 2022-12-31 09636223 frs102-core:ShareCapital 2021-12-31 09636223 frs102-core:RetainedEarningsAccumulatedLosses 2022-12-31 09636223 frs102-core:RetainedEarningsAccumulatedLosses 2021-12-31 09636223 frs102-bus:Director1 2022-01-01 2022-12-31 09636223 frs102-core:ComputerEquipment 2022-01-01 2022-12-31 09636223 frs102-core:FurnitureFittings 2022-01-01 2022-12-31 09636223 frs102-core:OtherPropertyPlantEquipment 2022-01-01 2022-12-31 09636223 frs102-core:Vehicles 2022-01-01 2022-12-31 09636223 frs102-core:OwnedAssets 2022-01-01 2022-12-31 09636223 frs102-core:OwnedAssets 2021-01-01 2021-12-31 09636223 frs102-core:ComputerEquipment 2021-12-31 09636223 frs102-core:FurnitureFittings 2021-12-31 09636223 frs102-core:OtherPropertyPlantEquipment 2021-12-31 09636223 frs102-core:Vehicles 2021-12-31 09636223 frs102-core:ComputerEquipment 2022-12-31 09636223 frs102-core:FurnitureFittings 2022-12-31 09636223 frs102-core:OtherPropertyPlantEquipment 2022-12-31 09636223 frs102-core:Vehicles 2022-12-31 09636223 frs102-core:ComputerEquipment 2021-12-31 09636223 frs102-core:FurnitureFittings 2021-12-31 09636223 frs102-core:OtherPropertyPlantEquipment 2021-12-31 09636223 frs102-core:Vehicles 2021-12-31 09636223 frs102-core:Non-currentFinancialInstruments 2022-01-01 2022-12-31 09636223 frs102-core:OtherProvisionsContingentLiabilities 2022-12-31 09636223 frs102-core:OtherProvisionsContingentLiabilities 2021-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
09636223
Profad Care Agency Limited
Unaudited Accounts
for the year ended
31 December 2022
Profad Care Agency Limited
Balance Sheet
as at 31 December 2022
Notes
2022
£
2021
£
Fixed assets
Tangible assets 5 393,777 281,721
393,777 281,721
Current assets
Stocks 16,500 9,550
Debtors 6 180,880 156,000
Cash at bank and in hand 210,119 187,340
407,499 352,890
Prepayments and accrued income: 219,059 184,000
Creditors: amounts falling due within one year 7 (94,462) (43,246)
Net current assets / (liabilities) 532,096 493,644
Total assets less current liabilities 925,873 775,365
Creditors: amounts falling due after more than one year 8 (210,000) (260,000)
Provisions for liabilities 9 (97,142) (71,672)
Total net assets (liabilities) 618,731 443,693
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 518,731 343,693
Shareholders' funds 618,731 443,693

Profad Care Agency Limited
Balance Sheet
as at 31 December 2022



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr D Adeniyi

Director


Approved by the board on 20 July 2023

Company Number: 09636223 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Unit 3&5
1, Bethwin Road
London
SE5 0SH
England

Profad Care Agency Limited
Notes to the Accounts
for the year ended 31 December 2022

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 20% Reducing Balance
Fixtures & fittings 20% Reducing Balance
Other 20% Reducing Balance
Vehicles 20% Reducing Balance
2. Profit or loss

Profit before tax is stated after charging the following:

2022

2021
£ £
Depreciation - owned assets 98,444 0
Directors' remuneration 63,000 54,000

3. Taxation
2022 2021
£ £
UK Corporation Tax 9,462 6,246
Tax on profit/(loss) on ordinary activities 9,462 6,246

4. Employees
2022 2021
Average number of employees during the period 250 205

Other employment information

The total employees are Employee for both Directly employed and Agency workers during the period


5. Tangible fixed assets
Computer equipment Fixtures & fittings Other Vehicles Total
Cost or valuation £ £ £ £ £
At 1 January 2022 147,905 235,055 3,500 51,880 438,340
Additions 128,000 49,500 9,500 23,500 210,500
At 31 December 2022 275,905 284,555 13,000 75,380 648,840
Depreciation
At 1 January 2022 47,435 87,645 2,353 19,186 156,619
Charge for the period 45,694 39,382 2,129 11,239 98,444
At 31 December 2022 93,129 127,027 4,482 30,425 255,063
Net book value
At 31 December 2022 182,776 157,528 8,518 44,955 393,777
At 31 December 2021 100,470 147,410 1,147 32,694 281,721

6. Debtors
2022 2021
£ £
Trade debtors 150,250 124,000
Other debtors 30,630 32,000
180,880 156,000

Of the above, the following are due in more than one year

£ £
Trade debtors 150,250 0
Other debtors 30,630 0
180,880 0

7. Creditors: amounts falling due within one year
2022 2021
£ £
Bank Loans & Overdrafts 44,500 25,000
Trade creditors 15,000 0
Taxation & social security 14,962 6,246
Other creditors 20,000 12,000
94,462 43,246

8. Creditors: amounts falling due after one year
2022 2021
£ £
Bank Loans & overdrafts 210,000 260,000
210,000 260,000

These are Mediu term loan from Funding Circle and Fleximini


9. Provisions
2022 2021
£ £
Other 97,142 71,672
97,142 71,672

10. Borrowings
2022 2021
Creditors repayable in more than five years: £ £
Total 0 0