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Company Registration No. 04509942 (England and Wales)
PRIMARY HOMECARE LIMITED Unaudited accounts for the year ended 31 March 2023
PRIMARY HOMECARE LIMITED Unaudited accounts Contents
Page
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PRIMARY HOMECARE LIMITED Company Information for the year ended 31 March 2023
Directors
P A Dorai A M Fairburn D Fairburn
Company Number
04509942 (England and Wales)
Registered Office
UNIT 5A, LOWER FARM PARK NORWICH ROAD BARHAM IPSWICH SUFFOLK IP6 0NU UNITED KINGDOM
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PRIMARY HOMECARE LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,065 
30,787 
Current assets
Debtors
99,388 
98,238 
Cash at bank and in hand
107,256 
252,889 
206,644 
351,127 
Creditors: amounts falling due within one year
(116,161)
(157,988)
Net current assets
90,483 
193,139 
Net assets
119,548 
223,926 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
119,448 
223,826 
Shareholders' funds
119,548 
223,926 
For the year ending 31 March 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 17 November 2023 and were signed on its behalf by
P A Dorai Director Company Registration No. 04509942
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PRIMARY HOMECARE LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
PRIMARY HOMECARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04509942. The registered office is UNIT 5A, LOWER FARM PARK NORWICH ROAD, BARHAM, IPSWICH, SUFFOLK, IP6 0NU, UNITED KINGDOM.
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.
Going concern
The Directors have considered the Company's position at the time of signing of the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation the Company will have adequate resources to continue in operation existence for the foreseeable future and there therefore continue to adopt the going concern basis of the accounting in preparing thee financial statements.
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.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Interest income
Interest income is recognised in the profit or loss using the effective interest method.
Finance Costs
Finance costs are charged to the profit or loss over the terms 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 proceeded of the associated capital instrument.
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PRIMARY HOMECARE LIMITED Notes to the Accounts for the year ended 31 March 2023
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.
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:
Land & buildings
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable within 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 know amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transactions costs, and are measure subsequently at amortised cost using the effective interest method.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in ordinary shares.
Dividends
Equity dividends are recognised when they become legally payable. Interim dividends are recognised when paid. Final dividends are recognised when approved by the shareholders.
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PRIMARY HOMECARE LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
1,996 
44,308 
24,531 
40,421 
111,256 
Additions
- 
6,950 
- 
3,684 
10,634 
Disposals
- 
(2,900)
- 
- 
(2,900)
At 31 March 2023
1,996 
48,358 
24,531 
44,105 
118,990 
Depreciation
At 1 April 2022
749 
31,066 
20,079 
28,575 
80,469 
Charge for the year
312 
4,288 
1,113 
3,885 
9,598 
On disposals
- 
(142)
- 
- 
(142)
At 31 March 2023
1,061 
35,212 
21,192 
32,460 
89,925 
Net book value
At 31 March 2023
935 
13,146 
3,339 
11,645 
29,065 
At 31 March 2022
1,247 
13,242 
4,452 
11,846 
30,787 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
46,521 
31,116 
Amounts due from group undertakings etc.
- 
5,771 
Accrued income and prepayments
44,050 
50,372 
Other debtors
8,817 
10,979 
99,388 
98,238 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
7,360 
2,516 
Taxes and social security
13,035 
39,370 
Other creditors
4,660 
10,154 
Accruals
91,106 
105,948 
116,161 
157,988 
7
Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently managed fund. The pension cost represents the contributions payable by the Company to the fund and amounted to £16,793 (2022: £25,326). Total contributions totalling £2,602 (2022: £3,516) were payable to the fund at the year end and are included within other creditors.
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PRIMARY HOMECARE LIMITED Notes to the Accounts for the year ended 31 March 2023
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
840 
840 
Later than one year and not later than five years
1,680 
2,520 
2,520 
3,360 
9
Transactions with related parties
At the year end, the Directors owed the Company £3,137 (2022: £10,551). This is included within other debtors at the reporting date.
10
Average number of employees
During the year the average number of employees was 80 (2022: 110).
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