Registered number
08142369
Progression Solutions Education Consultancy Limited
Filleted Accounts
For the year ended 5 April 2023
Progression Solutions Education Consultancy Limited
Registered number: 08142369
Balance Sheet
as at 5 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,034 1,379
Current assets
Debtors 4 - 2,568
Cash at bank and in hand 43,792 54,691
43,792 57,259
Creditors: amounts falling due within one year 5 (13,618) (14,618)
Net current assets 30,174 42,641
Total assets less current liabilities 31,208 44,020
Provisions for liabilities (196) (262)
Net assets 31,012 43,758
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,912 43,658
Shareholders' funds 31,012 43,758
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 30 January 2024
B Simber
Director
Progression Solutions Education Consultancy Limited
Notes to the Accounts
for the year ended 5 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 25% per annum reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to employee pension plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures Fittings and equipment
£
Cost
At 6 April 2022 3,783
Additions -
Disposals -
At 5 April 2023 3,783
Depreciation
At 6 April 2022 2,404
Charge for the year 345
At 5 April 2023 2,749
Net book value
At 5 April 2023 1,034
At 5 April 2022 1,379
4 Debtors 2023 2022
£ £
Trade debtors - 2,475
Other debtors - 93
- 2,568
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 217 -
Other creditors 13,401 14,618
13,618 14,618
6 Other information
Progression Solutions Education Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is 1 Falcon Avenue, Bromley, Kent BR1 2EH.
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