Registered number: 04573056 | ||||||||
FOR THE YEAR ENDED 31/12/2021 | ||||||||
Prepared By: | ||||||||
Poplar Accountancy Limited | ||||||||
The Poplars | ||||||||
32 Main Street | ||||||||
Haconby, Bourne | ||||||||
Lincolnshire | ||||||||
PE10 0UU |
Progroup Corporation Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2021 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Lincolnshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04573056 | ||||||||
ACCOUNTANTS | ||||||||
Poplar Accountancy Limited | ||||||||
The Poplars | ||||||||
32 Main Street | ||||||||
Haconby, Bourne | ||||||||
Lincolnshire | ||||||||
PE10 0UU |
Progroup Corporation Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/12/2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Progroup Corporation Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
893,929 | 894,574 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT LIABILITIES | ( | (304,571) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Revaluation reserve | 1c,7 | 46,300 | 46,300 | |||||||
Profit and loss account | 613,807 | 534,435 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Progroup Corporation Limited | ||||||||
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 | ||||||||
Plant and Machinery | straight line 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 7). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. TANGIBLE FIXED ASSETS | |||||||||||
Land And | Plant and | Fixtures | |||||||||
Buildings | Machinery | and Fittings | Motor Cars | Total | |||||||
£ | £ | £ | £ | £ | |||||||
Cost | |||||||||||
At 01/01/2021 | 885,000 | 424,234 | 3,487 | 26,699 | 1,339,420 | ||||||
At 31/12/2021 | 885,000 | 424,234 | 3,487 | 26,699 | 1,339,420 | ||||||
Depreciation | |||||||||||
At 01/01/2021 | - | 424,234 | 3,487 | 25,593 | 453,314 | ||||||
For the year | - | - | - | 276 | 276 | ||||||
At 31/12/2021 | - | 424,234 | 3,487 | 25,869 | 453,590 | ||||||
Net Book Amounts | |||||||||||
At 31/12/2021 | 885,830 | ||||||||||
At 31/12/2020 | 886,106 | ||||||||||
The buildings were professionally revalued in August 2015, at a value of £885,000. This is represented in the financial statements. | |||||||||||
3. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 859,614 | 855,856 | ||||||
Other debtors | 3,614 | 3,614 | ||||||
863,228 | 859,470 | |||||||
Progroup Corporation Limited | ||||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
UK corporation tax | 20,807 | 36,642 | ||||||
VAT | 3,411 | 32,090 | ||||||
PAYE control | 451 | 451 | ||||||
Directors current account | 714,744 | 752,744 | ||||||
Trade creditors | 2,221 | - | ||||||
Other creditors | 206,123 | 206,123 | ||||||
Other creditors - Progroup | 168,095 | 168,095 | ||||||
Accruals | 3,000 | 3,000 | ||||||
1,118,852 | 1,199,145 | |||||||
5. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees | - | |||||
6. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
800 | 800 | |||||||
800 | 800 | |||||||
7. REVALUATION RESERVE | 2021 | 2020 | ||||||
£ | £ | |||||||
Revaluation reserve | 46,300 | 46,300 | ||||||
46,300 | 46,300 | |||||||
8. CONTROLLING PARTY | ||||||||
Simon Braid holds 100% of the issued shares and is the ultimate controller of the company. | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||