Premium Home Care Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10026392

Premium Home Care Services Limited

Filleted Unaudited Financial Statements

31 March 2025

Premium Home Care Services Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	18,433	21,473
Tangible assets	6	11,706	15,351
		--------	--------
		30,139	36,824

Current assets

Debtors	7	154,531	146,594
Cash at bank and in hand		664,596	617,642
		---------	---------
		819,127	764,236

Creditors: amounts falling due within one year	8	447,335	402,009
		---------	---------
Net current assets		371,792	362,227
		---------	---------
Total assets less current liabilities		401,931	399,051
		---------	---------
Net assets		401,931	399,051
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	401,831	398,951
	---------	---------
Shareholders funds	401,931	399,051
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Premium Home Care Services Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

Mrs N Chandarana

Director

Company registration number: 10026392

Premium Home Care Services Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 Boston Road, Leicester, LE4 1AA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.

Revenue recognition

Turnover is measured at the fair value of the consideration received and receivable and represents amounts receivable for services rendered. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Franchise agreement	-	6% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	10% straight line
Equipment	-	30% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 80 (2024: 80 ).

5. Intangible assets

	Franchise agreement
	£
Cost
At 1 April 2024 and 31 March 2025	45,600
	--------
Amortisation
At 1 April 2024	24,127
Charge for the year	3,040
	--------
At 31 March 2025	27,167
	--------
Carrying amount
At 31 March 2025	18,433
	--------
At 31 March 2024	21,473
	--------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	27,326	19,584	46,910
Additions	309	–	309
	--------	--------	--------
At 31 March 2025	27,635	19,584	47,219
	--------	--------	--------
Depreciation
At 1 April 2024	14,122	17,437	31,559
Charge for the year	2,748	1,206	3,954
	--------	--------	--------
At 31 March 2025	16,870	18,643	35,513
	--------	--------	--------
Carrying amount
At 31 March 2025	10,765	941	11,706
	--------	--------	--------
At 31 March 2024	13,204	2,147	15,351
	--------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	149,809	143,869
Other debtors	4,722	2,725
	---------	---------
	154,531	146,594
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	13,225	13,476
Corporation tax	44,085	42,611
Social security and other taxes	19,599	15,378
Other creditors	370,426	330,544
	---------	---------
	447,335	402,009
	---------	---------

9. Related party transactions

As at 31 March 2025 the company was provided with interest free loans by related parties amounting to £42,544. (2024: £21,965). The directors were owed £228,257 (£216,679) at 31 March 2025.