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Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Primary Care Providers Limited

Primary Care Providers Limited (Registered number: 04753592)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Primary Care Providers Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M A Mills
Mrs C A Mills





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 04753592 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

Primary Care Providers Limited (Registered number: 04753592)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221,518 223,594
Investments 5 400,000 400,000
621,518 623,594

CURRENT ASSETS
Debtors 6 867,658 871,186
Cash at bank and in hand 102,682 50,898
970,340 922,084
CREDITORS
Amounts falling due within one year 7 5,939,238 6,154,912
NET CURRENT LIABILITIES (4,968,898 ) (5,232,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,347,380

)

(4,609,234

)

CAPITAL AND RESERVES
Called up share capital 384,846 384,846
Retained earnings (4,732,226 ) (4,994,080 )
SHAREHOLDERS' FUNDS (4,347,380 ) (4,609,234 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




M A Mills - Director


Primary Care Providers Limited (Registered number: 04753592)

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

1. STATUTORY INFORMATION

Primary Care Providers 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.

Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 50 years
Plant and machinery etc - 25% on reducing balance, Straight line over 50 years and Straight line over 3 years

Basic financial instruments
A financial asset held as an equity instrument is recognised initially at the transaction price (including transaction costs).

At the end of each reporting period, unlisted equity investments are recorded at fair value, where appropriate, or at cost less impairment if their fair value cannot be reliably measured. Objective evidence of the impairment of financial assets is assessed at each period end and any impairment loss recognised in the profit or loss immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and the best estimate of the cash flows expected to be derived from the asset (including sales proceeds if sold) at the balance sheet date.

Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the financial instrument.

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.


Primary Care Providers Limited (Registered number: 04753592)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Computer
property property equipment
£    £    £   
COST
At 1 July 2023 199,345 49,645 9,379
Additions - - 3,393
At 30 June 2024 199,345 49,645 12,772
DEPRECIATION
At 1 July 2023 20,489 7,654 9,379
Charge for year 2,658 993 1,131
At 30 June 2024 23,147 8,647 10,510
NET BOOK VALUE
At 30 June 2024 176,198 40,998 2,262
At 30 June 2023 178,856 41,991 -

Primary Care Providers Limited (Registered number: 04753592)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Plant &
fittings machinery Totals
£    £    £   
COST
At 1 July 2023 955 18,926 278,250
Additions - - 3,393
At 30 June 2024 955 18,926 281,643
DEPRECIATION
At 1 July 2023 828 16,306 54,656
Charge for year 32 655 5,469
At 30 June 2024 860 16,961 60,125
NET BOOK VALUE
At 30 June 2024 95 1,965 221,518
At 30 June 2023 127 2,620 223,594

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 400,000
NET BOOK VALUE
At 30 June 2024 400,000
At 30 June 2023 400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 792 792
Amounts owed by group undertakings 858,000 858,000
Prepayments 8,866 7,607
Accrued income - 4,787
867,658 871,186

Primary Care Providers Limited (Registered number: 04753592)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 901 645
Social security and other taxes 3,801 3,287
Other creditors 507 4,554
Directors' current accounts 5,295,518 5,545,518
Accrued expenses 635,466 597,863
Deferred income 3,045 3,045
5,939,238 6,154,912