| Progressive Communications Limited |
| Registered Number:11575923 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Progressive Communications Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Progressive Communications Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
2,059
2,745
2
2,059
2,745
| Trade and other receivables |
32,372
54,056
3
171,553
| Cash and cash equivalents |
320,506
374,562
203,925
| Trade and other payables: amounts falling due within one year |
(127,914)
(291,946)
4
76,011
82,616
Net current assets
| Total assets less current liabilities |
84,675
78,756
(452)
(541)
| Provisions for liabilities |
84,223
Net assets
78,215
200
200
69,900
69,900
14,123
8,115
84,223
78,215
Shareholders' funds
| For the year ended 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mrs Versha Kumari Carter Director |
| These financial statements were approved and authorised for issue by the Board on 30 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Progressive Communications Limited
Notes to the Financial Statements
Statutory Information
| Progressive Communications Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 11575923. |
| Principal place of business: |
The Pike House
George Street
Nailsworth
Gloucestershire
GL6 0AG
Windyridge
Amberley
Stroud
Gloucestershire
GL5 5AA
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
| Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act |
| 2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation |
| of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Furniture and Fittings
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
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For the year ended 31 December 2024
Progressive Communications Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
5,327
5,327
| Provision for depreciation and impairment |
2,582
Charge for year
686
3,268
2,059
2,745
| 3. Trade and other receivables |
2023
2024
54,056
32,372
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
| Taxation and social security |
31,079
16,794
260,867
111,120
291,946
127,914
| 5. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 3)
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