Company registration number 04718172 (England and Wales)
MIRACLE WORKERS AGENCY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MIRACLE WORKERS AGENCY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MIRACLE WORKERS AGENCY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23,053
32,670
Current assets
Debtors
4
296,947
228,960
Cash at bank and in hand
227,022
237,306
523,969
466,266
Creditors: amounts falling due within one year
5
(139,565)
(153,869)
Net current assets
384,404
312,397
Total assets less current liabilities
407,457
345,067
Creditors: amounts falling due after more than one year
6
(16,596)
(20,269)
Provisions for liabilities
(4,268)
(6,412)
Net assets
386,593
318,386
Capital and reserves
Called up share capital
7
100
100
Capital redemption reserve
1,500
1,500
Profit and loss reserves
384,993
316,786
Total equity
386,593
318,386

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 2 September 2025 and are signed on its behalf by:
Mr D A Warner
Director
Company Registration No. 04718172
MIRACLE WORKERS AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Miracle Workers Agency Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sterling House, Lewis's Lane, Abergavenny, Monmouthshire, NP7 5BA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

For operational reasons some of the company's turnover has been collected by the independent subcontractors used by the company to supply its services. This turnover exactly equals the amount due to subcontractors for the services supplied but has not, to date, been captured by the accounting system and therefore both turnover and subcontractors expense have been understated by equal amounts. This has no effect on the profit of the business.

Revenue from contracts for the provision of home care services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% on cost
Computer equipment
15% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

MIRACLE WORKERS AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
11
MIRACLE WORKERS AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
23,230
57,131
35,920
116,281
Additions
-
0
2,340
-
0
2,340
At 31 March 2025
23,230
59,471
35,920
118,621
Depreciation and impairment
At 1 April 2024
20,234
52,905
10,472
83,611
Depreciation charged in the year
1,730
1,251
8,976
11,957
At 31 March 2025
21,964
54,156
19,448
95,568
Carrying amount
At 31 March 2025
1,266
5,315
16,472
23,053
At 31 March 2024
2,996
4,226
25,448
32,670
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
33,287
33,979
Other debtors
231,058
163,539
Prepayments and accrued income
32,602
31,442
296,947
228,960
5
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under hire purchase
3,672
3,672
Trade creditors
29,369
34,479
Corporation tax
31,374
31,930
Other taxation and social security
12,065
11,631
Other creditors
2,311
12,085
Accruals and deferred income
60,774
60,072
139,565
153,869

Included in creditors due within one year is secured debt from hire purchase contracts of £3,672 (2024: £3,672), secured over the company's motor vehicle.

MIRACLE WORKERS AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
16,596
20,269

Included in creditors due after one year is secured debt from hire purchase contracts of £16,596 (2024: £20,269), secured over the company's motor vehicle.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
80
80
80
80
Ordinary B of £1 each
5
5
5
5
Ordinary C of £1 each
5
5
5
5
Ordinary D of £1 each
5
5
5
5
Ordinary E of £1 each
5
5
5
5
100
100
100
100
8
Pension Commitments

The company operates a defined contribution scheme for the benefit of the employees. The assets of the scheme are administered by trustees in a fund independent from those of the company.

The total contributions paid in the year amounted to £9,484 (202 4: £8,683).

9
Directors' transactions

Dividends totalling £26,000 (2024 - £24,271) were paid in the year in respect of shares held by the company's directors.

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director's Loan
-
78,390
110,214
2,250
(66,972)
123,882
78,390
110,214
2,250
(66,972)
123,882
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