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REGISTERED NUMBER: 03109611 (England and Wales)















PROGRESSIVE BRITAIN LTD

Unaudited Financial Statements

for the Year Ended 31 December 2023






PROGRESSIVE BRITAIN LTD (REGISTERED NUMBER: 03109611)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROGRESSIVE BRITAIN LTD

Company Information
for the year ended 31 December 2023







Directors: R J Liddle
K Carberry
M T Goudie
E Wallace
S J Thomas
T M Paul
A M Langleben





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 03109611 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

PROGRESSIVE BRITAIN LTD (REGISTERED NUMBER: 03109611)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
Fixed assets
Intangible assets 4 4,000 -
Tangible assets 5 190 460
4,190 460

Current assets
Debtors 6 118,515 42,981
Cash at bank 42,819 34,601
161,334 77,582
Creditors
Amounts falling due within one year 7 (67,312 ) (29,819 )
Net current assets 94,022 47,763
Total assets less current liabilities 98,212 48,223

Reserves
Retained earnings 8 98,212 48,223
98,212 48,223

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

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

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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





A M Langleben - Director


PROGRESSIVE BRITAIN LTD (REGISTERED NUMBER: 03109611)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Progressive Britain Ltd is a private company, limited by guarantee , 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.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 3 ) .

PROGRESSIVE BRITAIN LTD (REGISTERED NUMBER: 03109611)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Intangible fixed assets
Computer
software
£
Cost
Additions 5,000
At 31 December 2023 5,000
Amortisation
Amortisation for year 1,000
At 31 December 2023 1,000
Net book value
At 31 December 2023 4,000

5. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 January 2023 45,285
Disposals (35,108 )
At 31 December 2023 10,177
Depreciation
At 1 January 2023 44,825
Charge for year 101
Eliminated on disposal (34,939 )
At 31 December 2023 9,987
Net book value
At 31 December 2023 190
At 31 December 2022 460

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 100,903 35,298
Other debtors 17,612 7,683
118,515 42,981

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 16,723 2,356
Taxation and social security 27,607 8,127
Other creditors 22,982 19,336
67,312 29,819

PROGRESSIVE BRITAIN LTD (REGISTERED NUMBER: 03109611)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Reserves
Retained
earnings
£

At 1 January 2023 48,223
Profit for the year 49,989
At 31 December 2023 98,212

9. Related party disclosures

During the year political donations totalling £Nil (2022 - £7,500) were made to related companies.

At the balance sheet date, the company owed £3,973 (2022 - £3,636) to connected companies.