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REGISTERED NUMBER: 07371205 (England and Wales)






Professional Financial Care Limited

Financial Statements

for the Year Ended 31 December 2023






Professional Financial Care Limited (Registered number: 07371205)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Professional Financial Care Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: N Broumley





REGISTERED OFFICE: Unit 5 Westgate Court
Silkwood Park
Ossett
West Yorkshire
WF5 9TT





REGISTERED NUMBER: 07371205 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Professional Financial Care Limited (Registered number: 07371205)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
CURRENT ASSETS
Debtors 5 162,334 438,227
Cash at bank 4,674 15,082
167,008 453,309
CREDITORS
Amounts falling due within one year 6 47,580 38,108
NET CURRENT ASSETS 119,428 415,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,428

415,201

CREDITORS
Amounts falling due after more than one
year

7

14,024

23,991
NET ASSETS 105,404 391,210

Professional Financial Care Limited (Registered number: 07371205)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £ £

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 105,284 391,090
105,404 391,210

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





N Broumley - Director


Professional Financial Care Limited (Registered number: 07371205)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Professional Financial Care 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, was amortised evenly over its estimated useful life of eight 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Professional Financial Care Limited (Registered number: 07371205)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 240,000
AMORTISATION
At 1 January 2023
and 31 December 2023 240,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 161,584 436,215
Prepayments and accrued income 750 2,012
162,334 438,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,188 10,409
Tax 35,393 24,791
Accruals and deferred income 1,999 2,908
47,580 38,108

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 14,024 23,991