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REGISTERED NUMBER: 08986421 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

PUPIL PROGRESS LIMITED

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PUPIL PROGRESS LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: B Griffin





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 08986421 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,070 9,733

CURRENT ASSETS
Debtors 5 639,930 170,587
Cash at bank 285,957 133,158
925,887 303,745
CREDITORS
Amounts falling due within one year 6 697,252 115,172
NET CURRENT ASSETS 228,635 188,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,705

198,306

CREDITORS
Amounts falling due after more than one
year

7

(686,932

)

(134,153

)

PROVISIONS FOR LIABILITIES 9 - (985 )
NET (LIABILITIES)/ASSETS (448,227 ) 63,168

CAPITAL AND RESERVES
Called up share capital 5 4
Share premium 782,506 622,501
Retained earnings (1,230,738 ) (559,337 )
SHAREHOLDERS' FUNDS (448,227 ) 63,168

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

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

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

Balance Sheet - continued
31 July 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2024 and were signed by:





B Griffin - Director


PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

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

1. STATUTORY INFORMATION

Pupil 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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2022 - 7 ) .

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022 13,909
Additions 3,505
At 31 July 2023 17,414
DEPRECIATION
At 1 August 2022 4,176
Charge for year 3,168
At 31 July 2023 7,344
NET BOOK VALUE
At 31 July 2023 10,070
At 31 July 2022 9,733

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 August 2022 10,330
Additions 2,749
At 31 July 2023 13,079
DEPRECIATION
At 1 August 2022 3,489
Charge for year 2,333
At 31 July 2023 5,822
NET BOOK VALUE
At 31 July 2023 7,257
At 31 July 2022 6,841

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 195,062 70,711
Amounts recoverable on contract 177,964 -
Other debtors - 94,346
Tax 2,160 2,160
Prepayments 2,475 3,370
377,661 170,587

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

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

5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Amounts recoverable on contract 262,269 -

Aggregate amounts 639,930 170,587

Within debtors falling due within one year there is a provision for amounts recoverable on contracts totalling (£177,964). This relates to services contracted to be provided within the next accounting period that has yet to be invoiced for.

Separately, within debtors falling due after more than one year there is also a provision for amounts recoverable on contracts totalling (£262,269). This relates to services contracted to be provided by the company in more than one accounting periods time that has yet to be invoiced for.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Hire purchase contracts 1,825 3,638
Trade creditors 157 533
Social security and other taxes 16,279 13,740
Pensions payable 5,436 4,676
VAT 102,897 25,112
Wage control 98 8
Directors' loan accounts 722 19,073
Deferred income 381,874 38,392
Deferred services contracted 177,964 -
697,252 115,172

Within creditors falling due within one year there is deferred income totalling £381,874. This relates to income received where the corresponding service will be provided within the next period.

Separately, within creditors due within one year there is also a provision for deferred services contracted totalling £177,964. This relates to services contracted to be provided within the next period that has yet to be invoiced for.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 19,167 29,167
Other loans (see note 8) 112,077 104,077
Hire purchase contracts 916 909
Deferred income 292,503 -
Deferred services contracted 262,269 -
686,932 134,153

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Within creditors falling due after more than one year there is deferred income totalling £292,503. This relates to income received where the corresponding service will be provided in more than one accounting periods time.

Separately, within creditors due after more than one year there is also a provision for deferred services contracted totalling (£262,269). This relates to services contracted to be provided in more than one accounting periods time that has yet to be invoiced for.

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000
Other loans - 1-2 years 112,077 -
122,077 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,167 19,167
Other loans - 2-5 years - 104,077
9,167 123,244

Due to the adverse affects of the coronavirus, the company received a bounce back loan during the 2021 period of £50,000, with interest charged at 2.5% per annum.

Interest and capital repayments are due over 60 consecutive months with repayments totalling £53,176 inclusive of £3,176 of interest.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 985

Deferred
tax
£   
Balance at 1 August 2022 985
Accelerated capital allowances (985 )
Balance at 31 July 2023 -

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

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

10. RELATED PARTY DISCLOSURES

In the prior period, a person with significant control provided an unsecured loan of £100,000 at 8% annual interest for 3 years. A total of £124,110, including £ £24,110 of interest is due for repayment upon its maturity date of 31 January 2025.

At the period end, a total of £12,077 (2022: £4,077) of interest had accrued and the combined balance stood at £112,077 (2022: £104,077).

The parties traded on normal commercial terms.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Griffin.