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Company Registration No. 05237824 (England and Wales)
Progressive Contracts Limited Unaudited accounts for the year ended 31 March 2024
Progressive Contracts Limited Unaudited accounts Contents
Page
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Progressive Contracts Limited Company Information for the year ended 31 March 2024
Directors
Denise Gardner Dean Osborn
Secretary
Dean Osborn
Company Number
05237824 (England and Wales)
Registered Office
UNITS 1-4 SHERWOOD YARD MAIDSTONE ROAD WROTHAM HEATH SEVENOAKS KENT TN15 7SW ENGLAND
Accountants
Bannister Accounting 28 Herbert Road Bexleyheath Kent DA7 4QF
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Progressive Contracts Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,982 
3,448 
Current assets
Debtors
21,903 
23,650 
Cash at bank and in hand
10,587 
21,846 
32,490 
45,496 
Creditors: amounts falling due within one year
2,987 
(1,012)
Net current assets
35,477 
44,484 
Total assets less current liabilities
42,459 
47,932 
Creditors: amounts falling due after more than one year
(55,149)
(69,825)
Provisions for liabilities
Deferred tax
(187)
(187)
Net liabilities
(12,877)
(22,080)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(12,881)
(22,084)
Shareholders' funds
(12,877)
(22,080)
For the year ending 31 March 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 31 January 2025 and were signed on its behalf by
Dean Osborn Director Company Registration No. 05237824
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Progressive Contracts Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Progressive Contracts Limited is a private company, limited by shares, registered in England and Wales, registration number 05237824. The registered office is UNITS 1-4 SHERWOOD YARD, MAIDSTONE ROAD WROTHAM HEATH, SEVENOAKS, KENT, TN15 7SW, 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.
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:
Motor vehicles
25% over 4 years
Fixtures & fittings
25% over 4 years
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
5,000 
1,415 
167 
6,582 
Additions
5,250 
- 
- 
5,250 
At 31 March 2024
10,250 
1,415 
167 
11,832 
Depreciation
At 1 April 2023
2,223 
869 
42 
3,134 
Charge for the year
1,538 
136 
42 
1,716 
At 31 March 2024
3,761 
1,005 
84 
4,850 
Net book value
At 31 March 2024
6,489 
410 
83 
6,982 
At 31 March 2023
2,777 
546 
125 
3,448 
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Progressive Contracts Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,053 
1,795 
Trade debtors
9,117 
10,938 
Other debtors
10,733 
10,917 
21,903 
23,650 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(4,300)
(300)
Other creditors
1,313 
1,312 
(2,987)
1,012 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
55,149 
61,825 
Accruals
- 
8,000 
55,149 
69,825 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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