07874374falsethe manufacture of windows and conservatories2021-01-012021-12-31http://www.companieshouse.gov.uk/2020-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2020-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2020-12-31http://www.companieshouse.gov.uk/cd:Director12021-01-012021-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2020-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2021-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2021-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2021-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12021-01-012021-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2021-01-012021-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2021-01-012021-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2021-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2020-12-31http://www.companieshouse.gov.uk/2021-01-012021-12-31http://www.companieshouse.gov.uk/2020-12-31http://www.companieshouse.gov.uk/cd:FRS1022021-01-012021-12-31http://www.companieshouse.gov.uk/2021-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2021-01-012021-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2021-01-012021-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07874374

Progroup Trade Frames Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2021

Prepared By:
Poplar Accountancy Limited
The Poplars
32 Main Street
Haconby, Bourne
Lincolnshire
PE10 0UU

Progroup Trade Frames Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2021
DIRECTORS
Simon Braid
REGISTERED OFFICE
Halifax Drive
Northfields Industrial Estate
Market Deeping
Lincolnshire
PE6 8AH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07874374
ACCOUNTANTS
Poplar Accountancy Limited
The Poplars
32 Main Street
Haconby, Bourne
Lincolnshire
PE10 0UU

Progroup Trade Frames Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2021
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Progroup Trade Frames Ltd

BALANCE SHEET AT 31/12/2021
20212020
Notes££
FIXED ASSETS
Tangible assets22,6163,414
CURRENT ASSETS
Stock151,19397,926
Debtors4226,995230,679
Cash at bank and in hand551,608712,298
929,7961,040,903
CREDITORS: Amounts falling due within one year5879,259980,666
NET CURRENT ASSETS50,53760,237
TOTAL ASSETS LESS CURRENT LIABILITIES53,15363,651
CAPITAL AND RESERVES
Called up share capital710,00010,000
Profit and loss account43,15353,651
SHAREHOLDERS' FUNDS53,15363,651
For the year ending 31/12/2021 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/06/2022 and signed on their behalf by
.............................
Simon Braid
Director

Progroup Trade Frames Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Progroup Trade Frames Ltd

2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/01/202111,50019,21530,715
Additions945-945
At 31/12/202112,44519,21531,660
Depreciation
At 01/01/20218,08619,21527,301
For the year1,743-1,743
At 31/12/20219,82919,21529,044
Net Book Amounts
At 31/12/20212,616-2,616
At 31/12/20203,414-3,414
3. STOCK 20212020
££
Stock comprises:
Stock151,19397,926
151,19397,926
4. DEBTORS 20212020
££
Amounts falling due within one year
Trade debtors58,90060,584
Amounts due from group companies168,095168,095
Prepayments-2,000
226,995230,679

Progroup Trade Frames Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
UK corporation tax4,34016,125
VAT7,38411,237
PAYE control4,2484,814
Directors current account51,25220,983
Trade creditors811,235926,707
Accruals800800
879,259980,666
At the year end date the company owed £771,673 to Progroup Corporation Limited, a company registered in England and 100% owned by the director. The creditor is included within trade creditors.
6. EMPLOYEES
20212020
No.No.
Average number of employees55
7. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
100 Ordinary shares of £100 each1000010000
10,00010,000
8. RELATED PARTY TRANSACTIONS
During the year the company was charged £115,000 for general management charges and use of machinery and assets by Progroup Corporation Limited, a company registered in England and 100% owned by the director.