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Company Registration No. 12257807 (England and Wales)
Place Of Progress Ltd Unaudited accounts for the year ended 31 October 2024
Place Of Progress Ltd Unaudited accounts Contents
Page
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Place Of Progress Ltd Company Information for the year ended 31 October 2024
Director
Bianca Andrew
Company Number
12257807 (England and Wales)
Registered Office
International House 64 Nile Street London, N1 7SR United Kingdom
Accountants
Cranleys Chartered Accountants Winton House Winton Square Basingstoke Hampshire RG21 8EN
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Place Of Progress Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,545 
12,657 
Current assets
Debtors
451,144 
442,594 
Cash at bank and in hand
1,017 
69,221 
452,161 
511,815 
Creditors: amounts falling due within one year
(71,277)
(144,410)
Net current assets
380,884 
367,405 
Total assets less current liabilities
396,429 
380,062 
Creditors: amounts falling due after more than one year
(26,730)
(12,883)
Net assets
369,699 
367,179 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
369,698 
367,178 
Shareholders' funds
369,699 
367,179 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2025 and were signed on its behalf by
Bianca Andrew Director Company Registration No. 12257807
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Place Of Progress Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Place Of Progress Ltd is a private company, limited by shares, registered in England and Wales, registration number 12257807. The registered office is International House, 64 Nile Street, London,, N1 7SR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% reducing balance
Motor vehicles
33% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
2,154 
35,944 
38,098 
Additions
7,616 
- 
7,616 
At 31 October 2024
9,770 
35,944 
45,714 
Depreciation
At 1 November 2023
1,196 
24,245 
25,441 
Charge for the year
867 
3,861 
4,728 
At 31 October 2024
2,063 
28,106 
30,169 
Net book value
At 31 October 2024
7,707 
7,838 
15,545 
At 31 October 2023
958 
11,699 
12,657 
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Place Of Progress Ltd Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
82,999 
64,945 
Accrued income and prepayments
4,512 
334 
Other debtors
363,633 
377,315 
451,144 
442,594 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,114 
- 
VAT
- 
58,838 
Trade creditors
21,797 
19,276 
Taxes and social security
33,216 
66,296 
Other creditors
5,000 
- 
Deferred income
4,150 
- 
71,277 
144,410 
The creditors due within one year includes bank overdrafts of £7,144 as at the reporting date. The remaining amount relates to trade creditors, taxes, and other short-term liabilities falling due within one year.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,730 
12,883 
Creditors due after more than one year include a Funding Circle loan with an outstanding balance of £24,124.75 as at 31 October 2024, with a fixed annual interest rate of 17.30%. The remaining balance relates to a Bounce Back Loan, which had an outstanding amount of £2,604.80 as at 31 October 2024.
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Bianca Andrew
28,766 
- 
1,500 
27,266 
28,766 
- 
1,500 
27,266 
9
Transactions with related parties
The related party is Bianca Andrew by virtue of shareholding and directorship.
10
Controlling party
The ultimate controlling party is Bianca Andrew by virtue of shareholding and directorship.
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Place Of Progress Ltd Notes to the Accounts for the year ended 31 October 2024
11
Average number of employees
During the year the average number of employees was 20 (2023: 17).
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