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Company Registration No. 02858273 (England and Wales)
PROGRESSIVE SOLUTIONS LIMITED Unaudited accounts for the year ended 30 September 2024
PROGRESSIVE SOLUTIONS LIMITED Unaudited accounts Contents
Page
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PROGRESSIVE SOLUTIONS LIMITED Company Information for the year ended 30 September 2024
Director
Ingrid Julia Cockings
Secretary
Ingrid Cockings
Company Number
02858273 (England and Wales)
Registered Office
57 ELY STREET STRATFORD-UPON-AVON WARKS CV376LN ENGLAND
Accountants
FILAN Accountants Ltd 57 Ely Street Stratford upon Avon CV37 6LN
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PROGRESSIVE SOLUTIONS LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
199 
687 
Investment property
599,900 
585,000 
600,099 
585,687 
Current assets
Debtors
958 
536 
Cash at bank and in hand
4,367 
3,237 
5,325 
3,773 
Creditors: amounts falling due within one year
(378,109)
(384,652)
Net current liabilities
(372,784)
(380,879)
Net assets
227,315 
204,808 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
227,215 
204,708 
Shareholders' funds
227,315 
204,808 
For the year ending 30 September 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 director acknowledges her 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 and authorised for issue on 4 February 2025 and were signed on its behalf by
Ingrid Julia Cockings Director Company Registration No. 02858273
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PROGRESSIVE SOLUTIONS LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
PROGRESSIVE SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02858273. The registered office is 57 ELY STREET, STRATFORD-UPON-AVON, WARKS, CV376LN, 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 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 as modified by the revaluation of certain assets.
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.3% Straight Line
Computer equipment
33.3% Straight Line
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.
Deferred taxation
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.
Presentation currency
The accounts are presented in £ sterling.
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PROGRESSIVE SOLUTIONS LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
1,814 
1,208 
3,022 
Additions
- 
298 
298 
At 30 September 2024
1,814 
1,506 
3,320 
Depreciation
At 1 October 2023
1,414 
921 
2,335 
Charge for the year
400 
386 
786 
At 30 September 2024
1,814 
1,307 
3,121 
Net book value
At 30 September 2024
- 
199 
199 
At 30 September 2023
400 
287 
687 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
585,000 
Net gain from fair value adjustments
14,900 
At 30 September 2024
599,900 
The properties were valued in August 2024 The director is of the opinion that the properties have not increased since that date.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
958 
536 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,072 
796 
Other creditors
153,018 
153,018 
Loans from directors
219,267 
228,902 
Accruals
2,752 
1,936 
378,109 
384,652 
8
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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