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REGISTERED NUMBER: 02285557 (England and Wales)














PROGRESSIVE TRAINING LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






PROGRESSIVE TRAINING LTD. (REGISTERED NUMBER: 02285557)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PROGRESSIVE TRAINING LTD.

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTORS: A L Alltimes
Mrs A Alltimes





SECRETARY: Mrs A Alltimes





REGISTERED OFFICE: 3, The Old Brewhouse
49-51 Brewhouse Hill
Wheathampstead
Hertfordshire
AL4 8AN





REGISTERED NUMBER: 02285557 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
2 Victoria Road
Harpenden
Hertfordshire
AL5 4EA

PROGRESSIVE TRAINING LTD. (REGISTERED NUMBER: 02285557)

STATEMENT OF FINANCIAL POSITION
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 68,888 70,403

CURRENT ASSETS
Debtors 6 3,414 13,987
Cash at bank 28,339 23,976
31,753 37,963
CREDITORS
Amounts falling due within one year 7 12,335 24,930
NET CURRENT ASSETS 19,418 13,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,306

83,436

CAPITAL AND RESERVES
Called up, paid and allotted share capital 600 600
Capital redemption reserve 400 400
Retained earnings 87,306 82,436
SHAREHOLDERS' FUNDS 88,306 83,436

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 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 6 September 2022 and were signed on its behalf by:




Mrs A Alltimes - Director


PROGRESSIVE TRAINING LTD. (REGISTERED NUMBER: 02285557)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Progressive Training 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 Pound Sterling, rounded to the nearest pound.

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.

Income recognition
Income is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Taxation
Current taxation represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements . 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal or timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Government grants
Government grants are recognised in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

PROGRESSIVE TRAINING LTD. (REGISTERED NUMBER: 02285557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2021
and 31 December 2021 102,000 4,846 9,904 3,200 119,950
DEPRECIATION
At 1 January 2021 32,630 4,846 8,871 3,200 49,547
Charge for year 1,360 - 155 - 1,515
At 31 December 2021 33,990 4,846 9,026 3,200 51,062
NET BOOK VALUE
At 31 December 2021 68,010 - 878 - 68,888
At 31 December 2020 69,370 - 1,033 - 70,403

Included in land and buildings is land at cost of £34,000 (2020 - £34,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 561 1,968
Other debtors 2,853 12,019
3,414 13,987

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 3,178 7,024
Taxation and social security 2,608 4,124
Other creditors 6,549 13,782
12,335 24,930

8. COVID-19

During the previous and current accounting periods the world was dramatically affected by the Covid-19 pandemic. The directors have reviewed the company's position at the balance sheet date and up to the date of signing these accounts and has concluded that there are no material post balance sheet event adjustments required to the carrying amounts of the company's assets and liabilities as a result of the pandemic. They also do not consider that there will be any material financial effect from the pandemic that will impact on the company's ability to continue as a going concern for a period of 12 months from the date of approval of these accounts.