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Company Registration No. 04509942 (England and Wales)
PRIMARY HOMECARE LIMITED Unaudited accounts for the year ended 31 March 2024
PRIMARY HOMECARE LIMITED Unaudited accounts Contents
Page
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PRIMARY HOMECARE LIMITED Company Information for the year ended 31 March 2024
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
Accountants
Accountancy Plus & Payroll People Ltd 9 Langley Street Langley Norwich Norfolk NR14 6DE
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PRIMARY HOMECARE LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,159 
29,065 
Current assets
Debtors
163,847 
99,388 
Cash at bank and in hand
198,125 
107,256 
361,972 
206,644 
Creditors: amounts falling due within one year
(153,346)
(116,161)
Net current assets
208,626 
90,483 
Net assets
232,785 
119,548 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
232,685 
119,448 
Shareholders' funds
232,785 
119,548 
For the year ending 31 March 2024 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 31 October 2024 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 2024
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 2024
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 2024
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 2023
1,996 
48,358 
24,531 
44,105 
118,990 
Additions
- 
8,045 
- 
359 
8,404 
Disposals
- 
(10,350)
- 
- 
(10,350)
At 31 March 2024
1,996 
46,053 
24,531 
44,464 
117,044 
Depreciation
At 1 April 2023
1,061 
35,212 
21,192 
32,460 
89,925 
Charge for the year
234 
1,946 
835 
3,001 
6,016 
On disposals
- 
(3,056)
- 
- 
(3,056)
At 31 March 2024
1,295 
34,102 
22,027 
35,461 
92,885 
Net book value
At 31 March 2024
701 
11,951 
2,504 
9,003 
24,159 
At 31 March 2023
935 
13,146 
3,339 
11,645 
29,065 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
67,896 
46,521 
Accrued income and prepayments
87,590 
44,050 
Other debtors
8,361 
8,817 
163,847 
99,388 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
7,838 
7,360 
Taxes and social security
27,313 
13,035 
Other creditors
- 
4,660 
Loans from directors
11,639 
- 
Accruals
106,556 
91,106 
153,346 
116,161 
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 £17,888 (2023: £16,793). Total contributions totalling £1,451 (2023: £2,602) 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 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 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
840 
1,680 
1,680 
2,520 
9
Transactions with related parties
At the year end, the Directors owed the Company £nil (2023: £3,137). This is included within other debtors at the reporting date.
10
Average number of employees
During the year the average number of employees was 62 (2023: 80).
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