1 January 2024 false No description of principal activity Taxfiler 2024.6 11719928 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11719928 2023-12-31 11719928 2024-01-01 2024-12-31 11719928 business:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11719928 business:FilletedAccounts 2024-01-01 2024-12-31 11719928 2024-12-31 11719928 business:Director1 2024-01-01 2024-12-31 11719928 2023-12-31 11719928 core:WithinOneYear 2024-12-31 11719928 core:WithinOneYear 2023-12-31 11719928 core:AfterOneYear 2024-12-31 11719928 core:AfterOneYear 2023-12-31 11719928 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 11719928 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 11719928 core:PreviouslyStatedAmount 2024-12-31 11719928 core:PreviouslyStatedAmount 2023-12-31 11719928 business:SmallEntities 2024-01-01 2024-12-31 11719928 countries:EnglandWales 2024-01-01 2024-12-31 11719928 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11719928 (England and Wales)
Progressive Motors Ltd Unaudited accounts for the year ended 31 December 2024
Progressive Motors Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Progressive Motors Ltd Company Information for the year ended 31 December 2024
Director
KIRIL NIKOLOV
Company Number
11719928 (England and Wales)
- 3 -
Progressive Motors Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Current assets
Cash at bank and in hand
7,714
8,620
Creditors: amounts falling due within one year
4
(660)
(695)
Net current assets
7,054
7,925
Total assets less current liabilities
7,054
7,925
Creditors: amounts falling due after more than one year
5
(2,588)
(4,533)
Net assets
4,466
3,392
Capital and reserves
Profit and loss account
4,466
3,392
Shareholders' funds
4,466
3,392
For the year ending 31 December 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 his 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 17 September 2025 and were signed on its behalf by
KIRIL NIKOLOV Director Company Registration No. 11719928
- 4 -
Progressive Motors Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Progressive Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 11719928.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
252
284
Other creditors
408
411
660
695
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
2,435
4,533
Loans from directors
153
-
2,588
4,533
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 5 -