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REGISTERED NUMBER: 08986421 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

PUPIL PROGRESS LIMITED

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PUPIL PROGRESS LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: B Griffin
B I E Grimble





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 08986421 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,625 10,070

CURRENT ASSETS
Debtors 5 551,299 639,930
Cash at bank 269,570 285,957
820,869 925,887
CREDITORS
Amounts falling due within one year 6 1,136,797 697,252
NET CURRENT (LIABILITIES)/ASSETS (315,928 ) 228,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

(287,303

)

238,705

CREDITORS
Amounts falling due after more than one
year

7

890,306

686,932
NET LIABILITIES (1,177,609 ) (448,227 )

CAPITAL AND RESERVES
Called up share capital 5 5
Share premium 782,506 782,506
Retained earnings (1,960,120 ) (1,230,738 )
SHAREHOLDERS' FUNDS (1,177,609 ) (448,227 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





B Griffin - Director


PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Pupil Progress Limited 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.

2. ACCOUNTING POLICIES

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 12 ) .

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 - 17,414 17,414
Additions 1,385 21,785 23,170
At 31 July 2024 1,385 39,199 40,584
DEPRECIATION
At 1 August 2023 - 7,344 7,344
Charge for year 283 4,332 4,615
At 31 July 2024 283 11,676 11,959
NET BOOK VALUE
At 31 July 2024 1,102 27,523 28,625
At 31 July 2023 - 10,070 10,070

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 August 2023 13,079
Reclassification/transfer (10,330 )
At 31 July 2024 2,749
DEPRECIATION
At 1 August 2023 5,822
Charge for year 794
Reclassification/transfer (5,461 )
At 31 July 2024 1,155
NET BOOK VALUE
At 31 July 2024 1,594
At 31 July 2023 7,257

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 305,334 195,062
Amounts recoverable on contract 30,842 177,964
Other debtors 16,522 -
Tax 1,229 2,160
Prepayments 46,969 2,475
400,896 377,661

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts recoverable on contract 150,403 262,269

Aggregate amounts 551,299 639,930

Within debtors falling due within one year there is a provision for amounts recoverable on contracts totalling £30,842 (2023: £177,964). This relates to services contracted to be provided within the next accounting period that has yet to be invoiced for.

Separately, within debtors falling due after more than one year there is also a provision for amounts recoverable on contracts totalling £150,403 (2023: £262,269). This relates to services contracted to be provided by the company in more than one accounting periods time that has yet to be invoiced for.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Other loans (see note 8) 120,077 -
Hire purchase contracts 916 1,825
Trade creditors 90,659 157
Tax 26,462 -
Social security and other taxes 4,723 16,279
Pensions payable 6,112 5,436
VAT 90,140 102,897
Wage control 4,240 98
Directors' loan accounts 1,737 722
Deferred income 721,709 381,874
Accrued expenses 29,180 -
Deferred services contracted 30,842 177,964
1,136,797 697,252

Within creditors falling due within one year there is deferred income totalling £721,709 (2023: £381,874). This relates to income received where the corresponding service will be provided within the next period.

Separately, within creditors due within one year there is also a provision for deferred services contracted totalling £30,842 (2023: £177,964). This relates to services contracted to be provided within the next period that has yet to be invoiced for.

Additionally, within creditors falling due within one year, there is a provision for 12 monthly corporation tax repayments of £2,205, totalling £26,462 a year. This is in relation to the repayment of R&D tax credits claimed in 2021 and 2022 in error. No interest is being charged by HMRC with the total amount to be repaid over 5 years being £132,310.

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 9,167 19,167
Other loans (see note 8) - 112,077
Hire purchase contracts - 916
Tax 101,438 -
Deferred income 629,298 292,503
Deferred services contracted 150,403 262,269
890,306 686,932

Within creditors falling due after more than one year there is deferred income totalling £629,298 (2023: £292,503). This relates to income received where the corresponding service will be provided in more than one accounting periods time.

Separately, within creditors due after more than one year there is also a provision for deferred services contracted totalling £150,403 (2023: £262,269). This relates to services contracted to be provided in more than one accounting periods time that has yet to be invoiced for.

Additionally, within creditors falling due after more than one year, there is a provision for 46 monthly corporation tax repayments of £2,205, totalling £101,438. This is in relation to the repayment of R&D tax credits claimed in 2021 and 2022 in error. No interest is being charged by HMRC with the total amount to be repaid over 5 years being £132,310.

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000
Other loans 120,077 -
130,077 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,167 10,000
Other loans - 1-2 years - 112,077
9,167 122,077

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,167

Due to the adverse affects of the coronavirus, the company received a bounce back loan during the 2021 period of £50,000, with interest charged at 2.5% per annum.

Interest and capital repayments are due over 60 consecutive months with repayments totalling £53,176 inclusive of £3,176 of interest.

PUPIL PROGRESS LIMITED (REGISTERED NUMBER: 08986421)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. RELATED PARTY DISCLOSURES

In the period ended July 2022, a person with significant control provided an unsecured loan of £100,000 at 8% annual interest for 3 years. A total of £124,110, including £ £24,110 of interest is due for repayment upon its maturity date of 31 January 2025.

At the period end, a total of £20,077 (2023: £12,077) of interest had accrued and the combined balance stood at £120,077 (2023: £112,077).

The parties traded on normal commercial terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Griffin.