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REGISTERED NUMBER: 03761061 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Progressive Financial Planning Limited

Progressive Financial Planning Limited (Registered number: 03761061)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Progressive Financial Planning Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr I K Runcie
Mr D R Brown





SECRETARY: Mr I K Runcie





REGISTERED OFFICE: 4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB





REGISTERED NUMBER: 03761061 (England and Wales)

Progressive Financial Planning Limited (Registered number: 03761061)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,388 9,851

CURRENT ASSETS
Work in progress 25,843 21,533
Debtors 5 10,416 17,812
Cash at bank 418,875 190,561
455,134 229,906
CREDITORS
Amounts falling due within one year 6 (152,178 ) (115,503 )
NET CURRENT ASSETS 302,956 114,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,344

124,254

PROVISIONS FOR LIABILITIES (1,847 ) (2,462 )
NET ASSETS 308,497 121,792

CAPITAL AND RESERVES
Called up share capital 20,200 20,500
Retained earnings 288,297 101,292
SHAREHOLDERS' FUNDS 308,497 121,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





Mr I K Runcie - Director


Progressive Financial Planning Limited (Registered number: 03761061)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Progressive Financial Planning 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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on a normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

Pensions
The company makes contributions on behalf of the directors to a personal pension scheme and the pension charge represents the amounts paid by the company to the fund in respect of the period.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

Progressive Financial Planning Limited (Registered number: 03761061)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 47,907 31,133 79,040
DEPRECIATION
At 1 April 2024 47,907 21,282 69,189
Charge for year - 2,463 2,463
At 31 March 2025 47,907 23,745 71,652
NET BOOK VALUE
At 31 March 2025 - 7,388 7,388
At 31 March 2024 - 9,851 9,851

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 6,729 12,909
Other debtors 3,687 4,903
10,416 17,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 236 550
Taxation and social security 142,127 106,172
Other creditors 9,815 8,781
152,178 115,503