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REGISTERED NUMBER: 04763109 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Progress Marketing Limited

Progress Marketing Limited (Registered number: 04763109)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Progress Marketing Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs L Lister
Mr J Lister





SECRETARY: Mr J Lister





REGISTERED OFFICE: 24-26
Paul Lane
Flockton Moor
Wakefield
West Yorkshire
WF4 4BP





REGISTERED NUMBER: 04763109 (England and Wales)





ACCOUNTANTS: Wild & Co Chartered Accountants
Windsor House
Cornwall Road
Harrogate
HG1 2PW

Progress Marketing Limited (Registered number: 04763109)

Abridged Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,763 11,508

CURRENT ASSETS
Stocks - 25,600
Debtors 10,033 8,904
Cash at bank 6,542 20,070
16,575 54,574
CREDITORS
Amounts falling due within one year 27,140 65,419
NET CURRENT LIABILITIES (10,565 ) (10,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,198

663

PROVISIONS FOR LIABILITIES 5 358 587
NET ASSETS 840 76

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 740 (24 )
SHAREHOLDERS' FUNDS 840 76

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Progress Marketing Limited (Registered number: 04763109)

Abridged Balance Sheet - continued
31 May 2023


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 Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 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 Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:





Mrs L Lister - Director


Progress Marketing Limited (Registered number: 04763109)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Progress Marketing 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. ACCOUNTING POLICIES

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

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Progress Marketing Limited (Registered number: 04763109)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 36,912
Additions 1,134
Disposals (654 )
At 31 May 2023 37,392
DEPRECIATION
At 1 June 2022 25,404
Charge for year 879
Eliminated on disposal (654 )
At 31 May 2023 25,629
NET BOOK VALUE
At 31 May 2023 11,763
At 31 May 2022 11,508

5. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 358 587

Deferred
tax
£   
Balance at 1 June 2022 587
Credit to Income Statement during year (229 )
Balance at 31 May 2023 358

6. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
NIL Ordinary £1 - 100
90 A & B Ordinary £1 90 -
10 C & D Ordinary £1 10 -
100 100

Progress Marketing Limited (Registered number: 04763109)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
Mrs L Lister
Balance outstanding at start of year (24 ) -
Amounts advanced (117,783 ) (24 )
Amounts repaid 117,807 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (24 )

8. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shareholding.