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Company Registration No. 12459382 (England and Wales)
PROGRESSIVE BUILDERS LIMITED Unaudited accounts for the year ended 29 February 2024
PROGRESSIVE BUILDERS LIMITED Unaudited accounts Contents
Page
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PROGRESSIVE BUILDERS LIMITED Company Information for the year ended 29 February 2024
Directors
Zahir Uddin Khan Tanveer Ahmad
Company Number
12459382 (England and Wales)
Registered Office
167 LINKS ROAD LONDON SW17 9EP ENGLAND
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PROGRESSIVE BUILDERS LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
696,870 
696,870 
Debtors
687 
2,508 
Cash at bank and in hand
2,432 
88 
699,989 
699,466 
Creditors: amounts falling due within one year
(695,990)
(697,624)
Net current assets
3,999 
1,842 
Net assets
3,999 
1,842 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,997 
1,840 
Shareholders' funds
3,999 
1,842 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Zahir Uddin Khan Director Company Registration No. 12459382
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PROGRESSIVE BUILDERS LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
PROGRESSIVE BUILDERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12459382. The registered office is 167 LINKS ROAD, LONDON, SW17 9EP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Inventories
2024 
2023 
£ 
£ 
Work in progress
696,870 
696,870 
696,870 
696,870 
Stocks are valued at lower of costs and net realisable value, after making due allowance for obsolete and slow moving items. Stock represents property related costs.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
687 
2,508 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
825 
435 
Other creditors
2,136 
- 
Loans from directors
692,399 
696,589 
Accruals
630 
600 
695,990 
697,624 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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