Progression Solutions Education Consultancy Limited

Registered number

08142369

Filleted Accounts

For the year ended 5 April 2024

Progression Solutions Education Consultancy Limited
Registered number:		08142369
Balance Sheet
as at 5 April 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		775			1,034

Current assets
Cash at bank and in hand		43,284			43,792

Creditors: amounts falling due within one year	4	(14,810)			(13,618)

Net current assets			28,474			30,174

Total assets less current liabilities			29,249			31,208

Provisions for liabilities			(147)			(196)

Net assets			29,102			31,012

Capital and reserves
Called up share capital			100			100
Profit and loss account			29,002			30,912

Shareholders' funds			29,102			31,012

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 12 February 2025




B Simber
Director

Progression Solutions Education Consultancy Limited
Notes to the Accounts
for the year ended 5 April 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and equipment	25% per annum reducing balance


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to employee pension plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		2		2



3	Tangible fixed assets
					Fixtures Fittings and equipment
£
	Cost
	At 6 April 2023				3,783
	Additions				-
	Disposals				-
	At 5 April 2024				3,783

	Depreciation
	At 6 April 2023				2,749
	Charge for the year				259
	At 5 April 2024				3,008

	Net book value
	At 5 April 2024				775
	At 5 April 2023				1,034



4	Creditors: amounts falling due within one year		2024		2023
£				£

	Taxation and social security costs		247		217
	Other creditors		14,563		13,401
			14,810		13,618


5	Other information

	Progression Solutions Education Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is 1 Falcon Avenue, Bromley, Kent BR1 2EH.