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REGISTERED NUMBER: 13134975 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Protective Care Group Limited

Protective Care Group Limited (Registered number: 13134975)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Protective Care Group Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D I Dacre
Miss L M Narracott





SECRETARY: C Marshall





REGISTERED OFFICE: Meadow Barn, Elkstone Studios
Unit 4
Elkstone
Cheltenham
Gloucestershire
GL53 9PQ





REGISTERED NUMBER: 13134975 (England and Wales)





ACCOUNTANTS: Ayres Accounting Limited
13 Heron Drive
Witney
Oxfordshire
OX28 6NP

Protective Care Group Limited (Registered number: 13134975)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 530,179 174,328

CURRENT ASSETS
Debtors 5 1,131,288 710,968
Cash at bank 1,225,561 780,029
2,356,849 1,490,997
CREDITORS
Amounts falling due within one year 6 1,076,267 812,138
NET CURRENT ASSETS 1,280,582 678,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,810,761

853,187

CREDITORS
Amounts falling due after more than
one year

7

(20,851

)

-

PROVISIONS FOR LIABILITIES (38,966 ) (15,636 )
NET ASSETS 1,750,944 837,551

Protective Care Group Limited (Registered number: 13134975)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 4,500 4,500
Retained earnings 1,736,444 823,051
1,750,944 837,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:




Miss L M Narracott - Director



D I Dacre - Director


Protective Care Group Limited (Registered number: 13134975)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Protective Care Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 consideration received or receivable and represents services in relation to specialist care for children in need, stated net of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

Fixtures and Fittings - Reducing balance basis at 15% per annum
Motor Vehicles - Reducing balance basis at 25% per annum
Computer Equipment - Reducing balance basis at 20% per annum

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the statement of income and retained earnings, and included within administrative expenses.

Protective Care Group Limited (Registered number: 13134975)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. 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, loans to related parties and investments in non-puttable ordinary shares.

Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, 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 assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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

Protective Care Group Limited (Registered number: 13134975)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the statement of income and retained earnings.

If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the statement of income and retained earnings.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 16 ) .

Protective Care Group Limited (Registered number: 13134975)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 187,805
Additions 455,531
At 30 April 2024 643,336
DEPRECIATION
At 1 May 2023 13,477
Charge for year 99,680
At 30 April 2024 113,157
NET BOOK VALUE
At 30 April 2024 530,179
At 30 April 2023 174,328

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,010,163 648,884
Other debtors 121,125 62,084
1,131,288 710,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 46,476 -
Trade creditors 59,822 42,260
Taxation and social security 943,140 567,378
Other creditors 26,829 202,500
1,076,267 812,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 20,851 -

Protective Care Group Limited (Registered number: 13134975)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £213,380.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Miss L M Narracott
Balance outstanding at start of year 18 -
Amounts advanced - 109,580
Amounts repaid (18 ) (109,562 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 18

Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.