REGISTERED NUMBER: 04529518 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Premier Care (Midlands) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K J Blunden

P A Coleman-Taylor

REGISTERED OFFICE:

46 Holbrook Lane

Coventry

West Midlands

CV6 4AB

REGISTERED NUMBER:

04529518 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Intangible assets

4

32,393

43,191

Tangible assets

5

30,086

28,277

62,479

71,468

CURRENT ASSETS

Stocks

8,241

46,276

Debtors

6

527,821

475,153

Cash at bank and in hand

150,987

27,977

687,049

549,406

CREDITORS

Amounts falling due within one year

7

627,654

569,122

NET CURRENT ASSETS/(LIABILITIES)

59,395

(19,716

)

TOTAL ASSETS LESS CURRENT LIABILITIES

121,874

51,752

CREDITORS

Amounts falling due after more than one year

8

-

47,555

NET ASSETS

121,874

4,197

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

121,774

4,097

121,874

4,197

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 17 September 2025 and were signed on its behalf by:

P A Coleman-Taylor - Director

K J Blunden - Director

1.	STATUTORY INFORMATION

Premier Care (Midlands) 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 192 (2023 - 210 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

111,154

AMORTISATION

At 1 January 2024

67,963

Amortisation for year

10,798

At 31 December 2024

78,761

NET BOOK VALUE

At 31 December 2024

32,393

At 31 December 2023

43,191

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

12,505

23,927

41,560

92,255

170,247

Additions

-

-

6,745

4,274

11,019

At 31 December 2024

12,505

23,927

48,305

96,529

181,266

DEPRECIATION

At 1 January 2024

8,729

20,048

35,011

78,182

141,970

Charge for year

944

582

2,761

4,923

9,210

At 31 December 2024

9,673

20,630

37,772

83,105

151,180

NET BOOK VALUE

At 31 December 2024

2,832

3,297

10,533

13,424

30,086

At 31 December 2023

3,776

3,879

6,549

14,073

28,277

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

4,910

37,189

42,099

Reclassification/transfer

(4,910

)

(37,189

)

(42,099

)

At 31 December 2024

-

-

-

DEPRECIATION

At 1 January 2024

3,874

32,993

36,867

Reclassification/transfer

(3,874

)

(32,993

)

(36,867

)

At 31 December 2024

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

1,036

4,196

5,232

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

156,447

175,874

Other debtors

371,374

299,279

527,821

475,153

The company has entered into an agreement whereby trade debtors have been discounted with a finance company (on a full resource basis), in return for which it receives advances against a proportion of the sums due. The value of debtors subject to invoice discounting as at December 2024 is £156,447 (2023: £175,874).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

47,554

58,076

Hire purchase contracts

-

6,774

Trade creditors

21,694

32,581

Amounts owed to group undertakings

49,353

50,582

Taxation and social security

143,793

110,863

Other creditors

365,260

310,246

627,654

569,122

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

47,555

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

P A Coleman-Taylor

Balance outstanding at start of year

207,485

196,294

Amounts advanced

126,473

185,941

Amounts repaid

(59,525

)

(174,750

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

274,433

207,485

K J Blunden

Balance outstanding at start of year

-

-

Amounts advanced

10,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,000

-

The above loan to the director P Coleman-Taylor from the company is charged interest at the HMRC official rate and has no set terms of repayment.

The above loan to the director K Blunden from the company is interest free and has no set terms of repayment.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs P Coleman-Taylor by virture of her majority shareholding in the parent company Synergie Management Limited.