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REGISTERED NUMBER: 14802501 (England and Wales)















Unaudited Financial Statements

for the Period 14 April 2023 to 30 April 2024

for

Progress Pictures Ltd

Progress Pictures Ltd (Registered number: 14802501)






Contents of the Financial Statements
for the Period 14 April 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Progress Pictures Ltd

Company Information
for the Period 14 April 2023 to 30 April 2024







DIRECTOR: Mr Owen Paul Ward





REGISTERED OFFICE: 2 Fairhurst Road
Liverpool
L33 1AE





REGISTERED NUMBER: 14802501 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

Progress Pictures Ltd (Registered number: 14802501)

Balance Sheet
30 April 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,141

CURRENT ASSETS
Cash at bank 597

CREDITORS
Amounts falling due within one year 5 3,477
NET CURRENT LIABILITIES (2,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,261

CAPITAL AND RESERVES
Called up share capital 4
Retained earnings 3,257
3,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 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.

Progress Pictures Ltd (Registered number: 14802501)

Balance Sheet - continued
30 April 2024


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 2 September 2024 and were signed by:





Mr Owen Paul Ward - Director


Progress Pictures Ltd (Registered number: 14802501)

Notes to the Financial Statements
for the Period 14 April 2023 to 30 April 2024

1. STATUTORY INFORMATION

Progress Pictures Ltd 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 amounts derived from the services provided by the company falling within its ordinary activities, 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.

Taxation
Taxation for the period 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 period 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Progress Pictures Ltd (Registered number: 14802501)

Notes to the Financial Statements - continued
for the Period 14 April 2023 to 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 7,676
At 30 April 2024 7,676
DEPRECIATION
Charge for period 1,535
At 30 April 2024 1,535
NET BOOK VALUE
At 30 April 2024 6,141

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 2,277
Other creditors 1,200
3,477