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REGISTERED NUMBER: 08924556 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Premium Care Solutions Limited

Premium Care Solutions Limited (Registered number: 08924556)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Premium Care Solutions Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr A S Dehal
Mrs J Garcha
Mr P S Garcha





REGISTERED OFFICE: 5 Acorn Close
Barton Seagrave
Northamptonshire
NN15 6BW





REGISTERED NUMBER: 08924556 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Premium Care Solutions Limited (Registered number: 08924556)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 10,500
Tangible assets 5 60,287 75,359
69,287 85,859

CURRENT ASSETS
Debtors 6 1,025,685 1,320,443
Cash at bank and in hand 1,968,461 1,344,146
2,994,146 2,664,589
CREDITORS
Amounts falling due within one year 7 880,563 905,057
NET CURRENT ASSETS 2,113,583 1,759,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,182,870

1,845,391

PROVISIONS FOR LIABILITIES 15,072 18,840
NET ASSETS 2,167,798 1,826,551

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,167,698 1,826,451
SHAREHOLDERS' FUNDS 2,167,798 1,826,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Premium Care Solutions Limited (Registered number: 08924556)

Balance Sheet - continued
31 March 2024


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 19 December 2024 and were signed on its behalf by:





Mr A S Dehal - Director


Premium Care Solutions Limited (Registered number: 08924556)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Premium Care Solutions 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 principal place of business is 63 Headlands, Kettering, Northants, NN15 7EU.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 Section 1A") and with the Companies Act 2006. The financial statements have been prepared under the historical cost basis.

The financial statements are presented in Sterling (£) and cover the period to the 31 March each year.

Turnover
Turnover represents the invoiced amount of services provided, excluding value added tax, and is recognised upon evidence of the date the service is provided. The turnover and pre-tax profit is wholly attributable to the operating activities of the company.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

Premium Care Solutions Limited (Registered number: 08924556)

Notes to the Financial Statements - continued
for the year ended 31 March 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at undiscounted cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at undiscounted cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 316 (2023 - 297 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 15,000
AMORTISATION
At 1 April 2023 4,500
Charge for year 1,500
At 31 March 2024 6,000
NET BOOK VALUE
At 31 March 2024 9,000
At 31 March 2023 10,500

Premium Care Solutions Limited (Registered number: 08924556)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 175,228
DEPRECIATION
At 1 April 2023 99,869
Charge for year 15,072
At 31 March 2024 114,941
NET BOOK VALUE
At 31 March 2024 60,287
At 31 March 2023 75,359

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,002,909 1,192,206
Other debtors 22,776 128,237
1,025,685 1,320,443

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,433 5,997
Taxation and social security 715,744 863,636
Other creditors 154,386 35,424
880,563 905,057

Premium Care Solutions Limited (Registered number: 08924556)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. FINANCIAL INSTRUMENTS

The company does not have significant exposure to liquidity, cash flow and interest rate risks due to the nature of its trade. Exposure to foreign currency, credit and market risks arise in the normal course of the company's business. These risks are limited by the company's financial management policies and practices described below.

Foreign currency risk
The company has no exposure to foreign currency risk due to all customers being invoiced in Sterling.

Credit risk
The company has exposure to credit risks predominately emanating from its customers. The company's exposure and it's customers credit worthiness is monitored so that any potential problems are detected at an early stage. Regular billing helps to ensure that the exposure to credit risk is minimised.

Market risk
There is a market risk associated with the fluctuation in demand for the care services provided by the company. Most of this is mitigated by monitoring the markets to ensure that overheads and costs are tailored to the demand for the services offered.

The company holds no derivative financial instruments at the year end.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr A S Dehal
Balance outstanding at start of year - (1,236 )
Amounts advanced - 1,236
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs J Garcha
Balance outstanding at start of year - (71 )
Amounts advanced - 71
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Premium Care Solutions Limited (Registered number: 08924556)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. RELATED PARTY DISCLOSURES

During the year, the company paid rents totalling £24,000 (2023: £24,000) to Headlands Care LLP, a limited liability partnership in which a director of Premium Care Solutions Limited is a member. There was a balance of £6,000 (2023: £6,000) owed to the limited liability partnership in respect of this at the balance sheet date.

12. ULTIMATE CONTROLLING PARTY

Ultimate control rests with AD & JG Holdings Limited, whose principal place of business is 5 Acorn Close, Barton Seagrave, Kettering, England, NN15 6BW.