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Company Registration No. 10627693 (England and Wales)
Platinum Community Care Limited Unaudited accounts for the year ended 28 February 2023
Platinum Community Care Limited Company Information for the year ended 28 February 2023
Directors
Anthea Owen Claire Steward
Company Number
10627693 (England and Wales)
Registered Office
Units 1 & 3 The Old Mining College Queen Street Chasetown Burntwood, Staffordshire WS7 4QH
Accountants
Debbie Howard 12 Plantation Drive Sutton Coldfield West Midlands B75 7JQ
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Platinum Community Care Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,046 
2,172 
Current assets
Debtors
27,481 
34,387 
Cash at bank and in hand
559 
10,931 
28,040 
45,318 
Creditors: amounts falling due within one year
(22,686)
(31,982)
Net current assets
5,354 
13,336 
Total assets less current liabilities
6,400 
15,508 
Creditors: amounts falling due after more than one year
(9,310)
(13,282)
Provisions for liabilities
Deferred tax
(199)
(413)
Net (liabilities)/assets
(3,109)
1,813 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,209)
1,713 
Shareholders' funds
(3,109)
1,813 
For the year ending 28 February 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
Anthea Owen Director Company Registration No. 10627693
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Platinum Community Care Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Platinum Community Care Limited is a private company, limited by shares, registered in England and Wales, registration number 10627693. The registered office is Units 1 & 3 The Old Mining College, Queen Street , Chasetown, Burntwood, Staffordshire, WS7 4QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% p.a.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Platinum Community Care Limited Notes to the Accounts for the year ended 28 February 2023
Government grants
Government grants are recognised in the profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate, In the case of the Job Retention Scheme grant income, the income is recognised in the period to which the underlying furloughed staff costs relate to. The payroll liability has been incurred by the entity, and it has therefore met the conditions to claim for that payroll accounting period.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
4,507 
At 28 February 2023
4,507 
Depreciation
At 1 March 2022
2,335 
Charge for the year
1,126 
At 28 February 2023
3,461 
Net book value
At 28 February 2023
1,046 
At 28 February 2022
2,172 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
27,142 
34,387 
Other debtors
339 
- 
27,481 
34,387 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,972 
3,874 
Trade creditors
192 
343 
Taxes and social security
7,463 
12,085 
Other creditors
9,014 
8,100 
Loans from directors
45 
5,580 
Accruals
2,000 
2,000 
22,686 
31,982 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,310 
13,282 
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Platinum Community Care Limited Notes to the Accounts for the year ended 28 February 2023
8
Average number of employees
During the year the average number of employees was 16 (2022: 15).
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