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REGISTERED NUMBER: 12371453 (England and Wales)















In Progress Limited

Unaudited Financial Statements for the Year Ended 31 December 2021






In Progress Limited (Registered number: 12371453)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


In Progress Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: N Griffiths



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 12371453 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Starling Bank
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP

In Progress Limited (Registered number: 12371453)

Abridged Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 398 531

CURRENT ASSETS
Debtors 6 124 1,315
Cash at bank and in hand 6,541 2,883
6,665 4,198
CREDITORS
Amounts falling due within one year 6,258 3,719
NET CURRENT ASSETS 407 479
TOTAL ASSETS LESS CURRENT
LIABILITIES

805

1,010

PROVISIONS FOR LIABILITIES 7 76 101
NET ASSETS 729 909

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 629 809
SHAREHOLDERS' FUNDS 729 909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In Progress Limited (Registered number: 12371453)

Abridged Statement of Financial Position - continued
31 December 2021


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2022 and were signed by:





N Griffiths - Director


In Progress Limited (Registered number: 12371453)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

In Progress 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

In Progress Limited (Registered number: 12371453)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021
and 31 December 2021 714
DEPRECIATION
At 1 January 2021 183
Charge for year 133
At 31 December 2021 316
NET BOOK VALUE
At 31 December 2021 398
At 31 December 2020 531

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Trade debtors - 1,200

7. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax 76 101

Deferred
tax
£   
Balance at 1 January 2021 101
Utilised during year (25 )
Balance at 31 December 2021 76

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
95 'A' Ordinary £1 95 95
5 'B' Ordinary £1 5 5
100 100

All classes of shares rank pari passu in all respects.

In Progress Limited (Registered number: 12371453)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Griffiths.

The company was controlled throughout the period by it's director Neil Griffiths by virtue of the fact that he owns over 75% of the issued share capital.