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REGISTERED NUMBER: 11415831 (England and Wales)


















Progressive Skills Partners Ltd

Unaudited Financial Statements

for the Year Ended 29th June 2024






Progressive Skills Partners Ltd (Registered number: 11415831)






Contents of the Financial Statements
for the Year Ended 29th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Progressive Skills Partners Ltd

Company Information
for the Year Ended 29th June 2024







DIRECTOR: R Grice





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG2 6AB





REGISTERED NUMBER: 11415831 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Progressive Skills Partners Ltd (Registered number: 11415831)

Balance Sheet
29th June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 127 255
127 255

CURRENT ASSETS
Debtors 7 3,953 3,814
Cash at bank and in hand 896 896
4,849 4,710
CREDITORS
Amounts falling due within one year 8 (44,627 ) (33,815 )
NET CURRENT LIABILITIES (39,778 ) (29,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,651

)

(28,850

)

CREDITORS
Amounts falling due after more than one
year

9

(1,755

)

(2,867

)
NET LIABILITIES (41,406 ) (31,717 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (41,407 ) (31,718 )
SHAREHOLDERS' FUNDS (41,406 ) (31,717 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Skills Partners Ltd (Registered number: 11415831)

Balance Sheet - continued
29th 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 director and authorised for issue on 25th March 2025 and were signed by:





R Grice - Director


Progressive Skills Partners Ltd (Registered number: 11415831)

Notes to the Financial Statements
for the Year Ended 29th June 2024

1. STATUTORY INFORMATION

Progressive Skills Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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 - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Progressive Skills Partners Ltd (Registered number: 11415831)

Notes to the Financial Statements - continued
for the Year Ended 29th June 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 30th June 2023
and 29th June 2024 1,634
AMORTISATION
At 30th June 2023
and 29th June 2024 1,634
NET BOOK VALUE
At 29th June 2024 -
At 29th June 2023 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30th June 2023
and 29th June 2024 1,111
DEPRECIATION
At 30th June 2023 856
Charge for year 128
At 29th June 2024 984
NET BOOK VALUE
At 29th June 2024 127
At 29th June 2023 255

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,953 3,814

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,555 1,555
Trade creditors 1,632 698
Other creditors 41,440 31,562
44,627 33,815

Progressive Skills Partners Ltd (Registered number: 11415831)

Notes to the Financial Statements - continued
for the Year Ended 29th June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,755 -
Other creditors - 2,867
1,755 2,867

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1