Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-222023-09-0122falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09856996 2023-09-01 2024-08-31 09856996 2022-09-01 2023-08-31 09856996 2024-08-31 09856996 2023-08-31 09856996 c:Director2 2023-09-01 2024-08-31 09856996 d:PlantMachinery 2023-09-01 2024-08-31 09856996 d:PlantMachinery 2024-08-31 09856996 d:PlantMachinery 2023-08-31 09856996 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09856996 d:CurrentFinancialInstruments 2024-08-31 09856996 d:CurrentFinancialInstruments 2023-08-31 09856996 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 09856996 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09856996 d:ShareCapital 2024-08-31 09856996 d:ShareCapital 2023-08-31 09856996 d:RetainedEarningsAccumulatedLosses 2024-08-31 09856996 d:RetainedEarningsAccumulatedLosses 2023-08-31 09856996 c:FRS102 2023-09-01 2024-08-31 09856996 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09856996 c:FullAccounts 2023-09-01 2024-08-31 09856996 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09856996 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 09856996









The Progress Hub Limited







Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 August 2024

 
The Progress Hub Limited
Registered number: 09856996

Statement of Financial Position
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
265
406

  
265
406

Current assets
  

Debtors: amounts falling due within one year
 5 
4,167
-

Cash at bank and in hand
  
2,531
8,174

  
6,698
8,174

Creditors: amounts falling due within one year
 6 
(6,871)
(7,743)

Net current (liabilities)/assets
  
 
 
(173)
 
 
431

Total assets less current liabilities
  
92
837

  

Net assets
  
92
837


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
90
835

  
92
837


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

S J Hausaman-Roberts
Director

Date: 22 May 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
The Progress Hub Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 August 2024

1.


General information

The Progress Hub Limited is a members' limited liability company registered in England and Wales, company number 09856996. The registered office is 2 Broadoaks Road, Sale M33 7SR. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The following paragraphs set out the basis of which the directors have reached their conclusion.
The Company has net current liabilities of £173 (2023: net assets of £431), and net assets of £92 (2023: £837) at 31 August 2024.
The Company currently meets its working capital requirements through its cash balances, therefore the directors believe they have sufficient facilities to trade through the next 12 month period. 
The directors believe it is appropriate to prepare the accounts to 31 August 2024 on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
The Progress Hub Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on
notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
The Progress Hub Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
25,074
37,463

Cost of defined contribution scheme
14,000
12,000

39,074
49,463


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
The Progress Hub Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 August 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 September 2023
406



At 31 August 2024

406



Depreciation


Charge for the year on owned assets
141



At 31 August 2024

141



Net book value



At 31 August 2024
265



At 31 August 2023
406


5.


Debtors

2024
2023
£
£


Other debtors
2,000
-

Prepayments and accrued income
2,167
-

4,167
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
3,846
2,080

Other creditors
3,025
2,500

Accruals and deferred income
-
3,163

6,871
7,743


Page 5

 
The Progress Hub Limited
 
 
 
Notes to the Financial Statements
For the year ended 31 August 2024

7.


Related party transactions

At the year end, the two directors owed the company £2,000 (2023: £nil). The amounts, which are
interest free, are unsecured and repayable on demand.

 
Page 6