Profad Care Agency Limited 09636223 Providing Care for the elderly and disabled in their own home false 1 January 2024 09636223 2024-01-01 2024-12-31 09636223 2023-12-31 09636223 2024-12-31 09636223 2023-01-01 2023-12-31 09636223 2022-12-31 09636223 2023-12-31 09636223 frs102-bus:FRS102 2024-01-01 2024-12-31 09636223 frs102-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09636223 frs102-bus:FullAccounts 2024-01-01 2024-12-31 09636223 frs102-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09636223 frs102-core:CurrentFinancialInstruments 2024-12-31 09636223 frs102-core:CurrentFinancialInstruments 2023-12-31 09636223 frs102-core:Non-currentFinancialInstruments 2024-12-31 09636223 frs102-core:Non-currentFinancialInstruments 2023-12-31 09636223 frs102-core:ShareCapital 2024-12-31 09636223 frs102-core:ShareCapital 2023-12-31 09636223 frs102-core:RetainedEarningsAccumulatedLosses 2024-12-31 09636223 frs102-core:RetainedEarningsAccumulatedLosses 2023-12-31 09636223 frs102-bus:Director1 2024-01-01 2024-12-31 09636223 frs102-core:ComputerEquipment 2024-01-01 2024-12-31 09636223 frs102-core:FurnitureFittings 2024-01-01 2024-12-31 09636223 frs102-core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 09636223 frs102-core:Vehicles 2024-01-01 2024-12-31 09636223 frs102-core:OwnedAssets 2024-01-01 2024-12-31 09636223 frs102-core:OwnedAssets 2023-01-01 2023-12-31 09636223 frs102-core:ComputerEquipment 2023-12-31 09636223 frs102-core:FurnitureFittings 2023-12-31 09636223 frs102-core:OtherPropertyPlantEquipment 2023-12-31 09636223 frs102-core:Vehicles 2023-12-31 09636223 frs102-core:ComputerEquipment 2024-12-31 09636223 frs102-core:FurnitureFittings 2024-12-31 09636223 frs102-core:OtherPropertyPlantEquipment 2024-12-31 09636223 frs102-core:Vehicles 2024-12-31 09636223 frs102-core:ComputerEquipment 2023-12-31 09636223 frs102-core:FurnitureFittings 2023-12-31 09636223 frs102-core:OtherPropertyPlantEquipment 2023-12-31 09636223 frs102-core:Vehicles 2023-12-31 09636223 frs102-core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
09636223
Profad Care Agency Limited
Unaudited Accounts
for the year ended
31 December 2024
Profad Care Agency Limited
Balance Sheet
as at 31 December 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 4 404,785 383,981
404,785 383,981
Current assets
Stocks 5 22,000 18,300
Debtors 6 433,000 290,000
Cash at bank and in hand 277,317 242,317
732,317 550,617
Prepayments and accrued income: 213,413 225,000
Creditors: amounts falling due within one year 7 (42,703) (19,816)
Net current assets / (liabilities) 903,027 755,801
Total assets less current liabilities 1,307,812 1,139,782
Creditors: amounts falling due after more than one year 8 (355,500) (300,585)
Provisions for liabilities (65,000) (90,510)
Total net assets (liabilities) 887,312 748,687
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 787,312 648,687
Shareholders' funds 887,312 748,687

Profad Care Agency Limited
Balance Sheet
as at 31 December 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2024 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mr D Adeniyi

Director


Approved by the board on 7 April 2025

Company Number: 09636223 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Unit 3&5
1, Bethwin Road
London
SE5 0SH
England

Profad Care Agency Limited
Notes to the Accounts
for the year ended 31 December 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 20% Reducing Balance
Fixtures & fittings 20% Reducing Balance
Other 20% Reducing Balance
Vehicles 20% Reducing Balance
2. Profit or loss

Profit before tax is stated after charging the following:

2024

2023
£ £
Depreciation - owned assets 0 95,000
Directors' remuneration 14,000 14,000

3. Employees
2024 2023
Average number of employees during the period 270 255

Other employment information

The company have employee iof both International Workers that on sponsorship visa and local staff that not on sponsored visa


4. Tangible fixed assets
Computer equipment Fixtures & fittings Other Vehicles Total
Cost or valuation £ £ £ £ £
At 1 January 2024 304,105 337,055 13,000 80,880 735,040
Additions 44,000 59,000 3,500 15,500 122,000
At 31 December 2024 348,105 396,055 16,500 96,380 857,040
Depreciation
At 1 January 2024 135,324 169,033 6,186 40,516 351,059
Charge for the period 42,556 45,404 2,063 11,173 101,196
At 31 December 2024 177,880 214,437 8,249 51,689 452,255
Net book value
At 31 December 2024 170,225 181,618 8,251 44,691 404,785
At 31 December 2023 168,781 168,022 6,814 40,364 383,981

The company Fixtures are fittings are mostly Assets that has no second hand value, this may be as a result usage or the class of the assets like office partitions and detachable furniture and fittings


5. Stocks
2024 2023
£ £
Finished goods 22,000 18,300
22,000 18,300

Other stocks information

Stocks are mainly the inventories of stationeries and PPE regularly use for our day to day services


6. Debtors
2024 2023
£ £
Trade debtors 368,000 205,000
Other debtors 65,000 85,000
433,000 290,000

Of the above, the following are due in more than one year

£ £
Trade debtors 368,000 205,000
Other debtors 65,000 85,000
433,000 290,000

Other Debtors are staff who we borrow money from the company


7. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation & social security 42,703 19,816
42,703 19,816

8. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 0 85,000
Trade creditors 5,500 0
Other 350,000 215,585
355,500 300,585

Other Loans are Long and medium term institution we borrow money from to finance the business growth and expansion,
They are Funding Circle, Flexime and others,


9. Dividends
2024 2023
£ £
Total dividend payment 80,000 75,000