IRIS Accounts Production v23.3.1.45 04180755 director 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041807552022-03-31041807552023-03-31041807552022-04-012023-03-31041807552021-03-31041807552021-04-012022-03-31041807552022-03-3104180755ns10:Originalns15:EnglandWales2022-04-012023-03-3104180755ns14:PoundSterlingns10:Original2022-04-012023-03-3104180755ns10:Originalns10:Director12022-04-012023-03-3104180755ns10:Original2022-04-012023-03-3104180755ns10:Original2023-03-3104180755ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104180755ns10:Originalns10:SmallEntities2022-04-012023-03-3104180755ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104180755ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104180755ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104180755ns10:Originalns10:FullAccounts2022-04-012023-03-3104180755ns10:Original12022-04-012023-03-3104180755ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3104180755ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104180755ns10:Original2022-03-3104180755ns10:Originalns5:CurrentFinancialInstruments2023-03-3104180755ns10:Originalns5:CurrentFinancialInstruments2022-03-3104180755ns5:ShareCapitalns10:Original2023-03-3104180755ns5:ShareCapitalns10:Original2022-03-3104180755ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104180755ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104180755ns10:Originalns5:NetGoodwill2022-04-012023-03-3104180755ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3104180755ns10:Originalns5:ComputerEquipment2022-04-012023-03-3104180755ns10:Original2021-04-012022-03-3104180755ns10:Originalns5:NetGoodwill2022-03-3104180755ns10:Originalns5:NetGoodwill2023-03-3104180755ns10:Originalns5:NetGoodwill2022-03-3104180755ns10:Originalns5:ComputerEquipment2022-03-3104180755ns10:Originalns5:ComputerEquipment2023-03-3104180755ns10:Originalns5:ComputerEquipment2022-03-3104180755ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104180755ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104180755ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-03-3104180755ns10:Originalns5:DeferredTaxation2022-03-3104180755ns10:Originalns5:DeferredTaxation2022-04-012023-03-3104180755ns10:Originalns5:DeferredTaxation2023-03-3104180755ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 04180755 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

FOR

PREMIER CARE NETWORK LIMITED

PREMIER CARE NETWORK LIMITED (REGISTERED NUMBER: 04180755)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER CARE NETWORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr M S Gibby





REGISTERED OFFICE: 33 Station Road
Bexhill on Sea
East Sussex
TN40 1RG





REGISTERED NUMBER: 04180755 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

PREMIER CARE NETWORK LIMITED (REGISTERED NUMBER: 04180755)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 111 631
111 631

CURRENT ASSETS
Debtors 7 333,090 243,312
Cash at bank 18,840 21,874
351,930 265,186
CREDITORS
Amounts falling due within one year 8 258,222 263,441
NET CURRENT ASSETS 93,708 1,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,819

2,376

PROVISIONS FOR LIABILITIES 9 28 -
NET ASSETS 93,791 2,376

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 93,691 2,276
SHAREHOLDERS' FUNDS 93,791 2,376

PREMIER CARE NETWORK LIMITED (REGISTERED NUMBER: 04180755)

BALANCE SHEET - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:





Mr M S Gibby - Director


PREMIER CARE NETWORK LIMITED (REGISTERED NUMBER: 04180755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Premier Care Network Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoiced amounts for agency staff supplied to customers in the normal course of business. It is stated exclusive of value added tax and sales of fixed assets.

Goodwill
Amortisation is calculated as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - Straight line basis over 10 years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance

All fixed assets are initially recorded at cost.

Government grants
The entity has adopted the use of the accruals model in respect of grants received.

Any grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in ‘Other income’, in the period to which it relates.

PREMIER CARE NETWORK LIMITED (REGISTERED NUMBER: 04180755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


PREMIER CARE NETWORK LIMITED (REGISTERED NUMBER: 04180755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2022 - 68 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 150,000
AMORTISATION
At 1 April 2022
and 31 March 2023 150,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

PREMIER CARE NETWORK LIMITED (REGISTERED NUMBER: 04180755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2022 15,614
Disposals (13,871 )
At 31 March 2023 1,743
DEPRECIATION
At 1 April 2022 14,983
Charge for year 19
Eliminated on disposal (13,370 )
At 31 March 2023 1,632
NET BOOK VALUE
At 31 March 2023 111
At 31 March 2022 631

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 226,130 159,652
Amounts owed by group undertakings 105,466 80,583
Deferred tax asset - 1,566
Prepayments and accrued income 1,494 1,511
333,090 243,312

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 107,762 76,026
Trade creditors 3,260 4,665
Corporation Tax 8,848 3,263
PAYE and NIC 33,957 59,944
VAT 40,022 22,022
Other creditors 5,215 22,955
Director's current account 52,357 69,857
Accruals and deferred income 6,801 4,709
258,222 263,441

PREMIER CARE NETWORK LIMITED (REGISTERED NUMBER: 04180755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax
Accelerated capital allowances 28

Deferred
tax
£   
Balance at 1 April 2022 (1,566 )
Provided during year 1,594
Balance at 31 March 2023 28

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100