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Registration number: 12849431

Progreso Consulting Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Progreso Consulting Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Progreso Consulting Ltd

Company Information

Director

Dr Arun Shanti

Registered office

Progreso
167-169 Great Portland Street
London
W1W 5PF

Accountants

Maxcast Accountancy Ltd
33 Rook Way
Horsham
West Sussex
RH12 5FR

 

Progreso Consulting Ltd

(Registration number: 12849431)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

19,062

28,796

Current assets

 

Debtors

5

168,590

110,861

Cash at bank and in hand

 

1,211,422

839,333

 

1,380,012

950,194

Creditors: Amounts falling due within one year

6

(154,038)

(153,112)

Net current assets

 

1,225,974

797,082

Net assets

 

1,245,036

825,878

Capital and reserves

 

Called up share capital

1

1

Retained earnings

1,245,035

825,877

Shareholders' funds

 

1,245,036

825,878

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 May 2025
 

.........................................
Dr Arun Shanti
Director

 

Progreso Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in the UK.

The address of its registered office is:
Progreso
167-169 Great Portland Street
London
W1W 5PF
United Kingdom

These financial statements were authorised for issue by the director on 8 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Progreso Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

3 years straight line

Motor vehicles

5 years straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 5).

 

Progreso Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

7,160

42,865

50,025

Additions

1,838

-

1,838

At 30 September 2024

8,998

42,865

51,863

Depreciation

At 1 October 2023

4,083

17,146

21,229

Charge for the year

2,999

8,573

11,572

At 30 September 2024

7,082

25,719

32,801

Carrying amount

At 30 September 2024

1,916

17,146

19,062

At 30 September 2023

3,077

25,719

28,796

5

Debtors

Current

2024
£

2023
£

Trade debtors

95,450

56,761

Other debtors

73,140

54,100

 

168,590

110,861

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

144,224

146,328

Other creditors

9,814

6,784

154,038

153,112