REGISTERED NUMBER: 03109611 (England and Wales)

Progressive Britain Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

R J Liddle

K Carberry

M T Goudie

E Wallace

S J Thomas

T M Paul

A M Langleben

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

03109611 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

3,000

4,000

Tangible assets

5

2,495

190

5,495

4,190

Current assets

Debtors

6

97,314

118,515

Cash at bank

96,156

42,819

193,470

161,334

Creditors

Amounts falling due within one year

7

64,731

67,312

Net current assets

128,739

94,022

Total assets less current liabilities

134,234

98,212

Reserves

Retained earnings

8

134,234

98,212

134,234

98,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

A M Langleben - Director

1.	Statutory information

Progressive Britain Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4.	Intangible fixed assets

Computer

software

£

Cost

At 1 January 2024

and 31 December 2024

5,000

Amortisation

At 1 January 2024

1,000

Amortisation for year

1,000

At 31 December 2024

2,000

Net book value

At 31 December 2024

3,000

At 31 December 2023

4,000

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 January 2024

10,177

Additions

3,188

Disposals

(8,497

)

At 31 December 2024

4,868

Depreciation

At 1 January 2024

9,987

Charge for year

402

Eliminated on disposal

(8,016

)

At 31 December 2024

2,373

Net book value

At 31 December 2024

2,495

At 31 December 2023

190

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

77,158

100,903

Other debtors

20,156

17,612

97,314

118,515

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

14,332

16,723

Taxation and social security

39,792

27,607

Other creditors

10,607

22,982

64,731

67,312

8.

Reserves

Retained

earnings

£

At 1 January 2024

98,212

Profit for the year

36,022

At 31 December 2024

134,234

9.	Related party disclosures

At the balance sheet date, the company owed £nil (2023 - £3,973) to connected companies.

At the balance sheet date, the company was owed £720 (2023 - £nil) from connected companies.