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REGISTERED NUMBER: 04896594 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Platinum Care Services Limited

Platinum Care Services Limited (Registered number: 04896594)






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


Platinum Care Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Dr G S Takhar





REGISTERED OFFICE: 11 Glenthorne Road
Hammersmith
London
W6 0LH





REGISTERED NUMBER: 04896594 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

Platinum Care Services Limited (Registered number: 04896594)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,694 8,094

CURRENT ASSETS
Debtors 5 847,206 690,594
Cash at bank and in hand 5,050 8,461
852,256 699,055
CREDITORS
Amounts falling due within one year 6 822,220 682,163
NET CURRENT ASSETS 30,036 16,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,730

24,986

ACCRUALS AND DEFERRED INCOME 8,462 -
NET ASSETS 25,268 24,986

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,266 24,984
SHAREHOLDERS' FUNDS 25,268 24,986

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 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 14 March 2025 and were signed by:




Dr G S Takhar - Director


Platinum Care Services Limited (Registered number: 04896594)

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

1. STATUTORY INFORMATION

Platinum Care Services 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 represents the invoiced value of services provided to customers. Income is recognised as services are performed.

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 - 25% on cost
Motor vehicles - 25% on cost

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.

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 22 (2023 - 21 ) .

Platinum Care Services Limited (Registered number: 04896594)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 15,872 12,469 20,350 48,691
DEPRECIATION
At 1 July 2023 12,477 8,969 19,151 40,597
Charge for year 1,697 1,504 1,199 4,400
At 30 June 2024 14,174 10,473 20,350 44,997
NET BOOK VALUE
At 30 June 2024 1,698 1,996 - 3,694
At 30 June 2023 3,395 3,500 1,199 8,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 54,759 57,523
Amounts owed by group undertakings 784,075 535,217
Other debtors 1,923 8,378
Tax recoverable - 79,805
Accrued Income 6,449 9,671
847,206 690,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 320 1,015
Amounts owed to group undertakings 757,630 628,610
Tax 9,678 -
Social security and other taxes 10,282 8,632
Other creditors 41,910 41,626
Accrued expenses 2,400 2,280
822,220 682,163

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 379,176 359,640

8. SECURED DEBTS

Bank of Scotland has a fixed and floating legal charges, as well as a debenture, created on 17th August 2007.

Platinum Care Services Limited (Registered number: 04896594)

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

9. OTHER FINANCIAL COMMITMENTS

The company is party to a legal charge and a debenture over certain of its assets for the bank debts due from its parent company.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Kenley Limited a foreign company registered in Isle Of Man.