IRIS Accounts Production v24.1.0.578 08554623 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false 454 132 230 586 766 82 454 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085546232023-06-30085546232024-06-30085546232023-07-012024-06-30085546232022-06-30085546232022-07-012023-06-30085546232023-06-3008554623ns15:EnglandWales2023-07-012024-06-3008554623ns14:PoundSterling2023-07-012024-06-3008554623ns10:Director12023-07-012024-06-3008554623ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008554623ns10:SmallEntities2023-07-012024-06-3008554623ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008554623ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008554623ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008554623ns10:FullAccounts2023-07-012024-06-300855462342ns10:Director22023-06-300855462342ns10:Director22022-06-300855462342ns10:Director22023-07-012024-06-300855462342ns10:Director22022-07-012023-06-300855462342ns10:Director22024-06-300855462342ns10:Director22023-06-3008554623ns10:Director22023-07-012024-06-3008554623ns10:CompanySecretary12023-07-012024-06-3008554623ns10:RegisteredOffice2023-07-012024-06-3008554623ns5:CurrentFinancialInstruments2024-06-3008554623ns5:CurrentFinancialInstruments2023-06-3008554623ns5:ShareCapital2024-06-3008554623ns5:ShareCapital2023-06-3008554623ns5:RetainedEarningsAccumulatedLosses2024-06-3008554623ns5:RetainedEarningsAccumulatedLosses2023-06-3008554623ns5:PlantMachinery2023-07-012024-06-3008554623ns5:LandBuildings2023-06-3008554623ns5:PlantMachinery2023-06-3008554623ns5:LandBuildings2023-07-012024-06-3008554623ns5:LandBuildings2024-06-3008554623ns5:PlantMachinery2024-06-3008554623ns5:LandBuildings2023-06-3008554623ns5:PlantMachinery2023-06-3008554623ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3008554623ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30085546231ns10:Director12023-06-30085546231ns10:Director12022-06-30085546231ns10:Director12023-07-012024-06-30085546231ns10:Director12022-07-012023-06-30085546231ns10:Director12024-06-30085546231ns10:Director12023-06-30
REGISTERED NUMBER: 08554623 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PROGRESSIVE DIGITAL LTD

PROGRESSIVE DIGITAL LTD (REGISTERED NUMBER: 08554623)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROGRESSIVE DIGITAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M KRUGER
B C KRUGER





SECRETARY:





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 08554623 (England and Wales)





ACCOUNTANTS: Adept Accounting
The Grange
Church Lane
Budbrooke
Warwick
CV35 8QL

PROGRESSIVE DIGITAL LTD (REGISTERED NUMBER: 08554623)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,686 4,351

CURRENT ASSETS
Debtors 5 7,013 25,659
Cash in hand 70,539 55,058
77,552 80,717
CREDITORS
Amounts falling due within one year 6 13,783 17,276
NET CURRENT ASSETS 63,769 63,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,455

67,792

PROVISIONS FOR LIABILITIES 774 620
NET ASSETS 67,681 67,172

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,581 67,072
SHAREHOLDERS' FUNDS 67,681 67,172

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

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

PROGRESSIVE DIGITAL LTD (REGISTERED NUMBER: 08554623)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2024 and were signed on its behalf by:





B C KRUGER - Director


PROGRESSIVE DIGITAL LTD (REGISTERED NUMBER: 08554623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

PROGRESSIVE DIGITAL 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 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

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 2 (2023 - 2 ) .

PROGRESSIVE DIGITAL LTD (REGISTERED NUMBER: 08554623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 4,599 12,921 17,520
Additions - 1,897 1,897
At 30 June 2024 4,599 14,818 19,417
DEPRECIATION
At 1 July 2023 3,509 9,660 13,169
Charge for year 273 1,289 1,562
At 30 June 2024 3,782 10,949 14,731
NET BOOK VALUE
At 30 June 2024 817 3,869 4,686
At 30 June 2023 1,090 3,261 4,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 7,013 25,205
Other debtors - 454
7,013 25,659

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 13,026 16,276
Other creditors 757 1,000
13,783 17,276

PROGRESSIVE DIGITAL LTD (REGISTERED NUMBER: 08554623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
B C KRUGER and M KRUGER
Balance outstanding at start of year 454 132
Amounts advanced 230 586
Amounts repaid (766 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (82 ) 454

8. ULTIMATE CONTROLLING PARTY

The controlling party is B C KRUGER.

The ultimate controlling party is B C KRUGER.