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Company No: 12872957 (England and Wales)

PROGRESS TEACHING LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

PROGRESS TEACHING LIMITED

UNAUDITED FINANCIAL STATEMENTS

For the financial year ended 31 December 2023

Contents

PROGRESS TEACHING LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
PROGRESS TEACHING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS D J Flitterman (Resigned 29 February 2024)
J B Howard
P J Hughes
B Husbands (Appointed 29 February 2024)
S Needham (Appointed 29 February 2024)
J Watson (Resigned 29 February 2024)
REGISTERED OFFICE 86-90 Paul Street
London
EC2A 4NE
England
United Kingdom
COMPANY NUMBER 12872957 (England and Wales)
ACCOUNTANT Evelyn Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
PROGRESS TEACHING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
PROGRESS TEACHING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

For the financial year ended 31 December 2023
2023 2022
£ £
Fixed assets 14,405 92,770
Current assets 169,364 132,783
Prepayments and accrued income 1,255 -
Creditors: amounts falling due within one year ( 102,515) ( 50,396)
Net current assets 68,104 82,387
Total assets less current liabilities 82,509 175,157
Creditors: amounts falling due after more than one year ( 1,561,736) ( 995,736)
Accruals and deferred income ( 318,558) ( 335,411)
Net liabilities ( 1,797,785) ( 1,155,990)
Capital and reserves ( 1,797,785) ( 1,155,990)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Progress Teaching Limited (registered number: 12872957) were approved and authorised for issue by the Board of Directors on 19 September 2024 and were signed on its behalf by:

J B Howard
Director
PROGRESS TEACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
PROGRESS TEACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the For the financial year ended 31 December 2023

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 12872957). The address of its registered office is 86-90 Paul Street, London, EC2A 4NE, England, United Kingdom.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the financial year, including directors 9 9

3. Directors’ benefits: advances, credit and guarantees

Advances

During the year directors made loans to the company totalling £39,712. No interest is charged on this balance and it is repayable on demand. The total balance owed to directors at the start of the period was £3,157 and at the end of the period was £42,869.

Further advances of £566,000 were made by the directors to the Company. The balance accrues interest at a rate of 1.5% per annum and is repayable on demand and unsecured. The total balance owed to directors at the start of the period was £657,014 and at the end of the period was £1,155,990.