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Registered Number: 12408392
England and Wales

 

 

 

PROGRESS SPORTS MANAGEMENT LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

Progress Sports Management Ltd
Contents Page
For the year ended 31 January 2025
Directors Gary Gibbs
Martin Munday
Registered Number 12408392
Registered Office Kemp House
152-160 City Road
London
EC1V 2NX
Accountants OMB Tax Limited
Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
1
  2025   2024
    £ £   £ £
Current assets 2      2   
Creditors: amount falling due within one year (8,836)     (6,505)  
Net current assets   (8,834)     (6,503)
Total assets less current liabilities   (8,834)     (6,503)
Net assets   (8,834)     (6,503)
 

         
Capital and reserves   (8,834)     (6,503)
 
NOTES TO THE ACCOUNTS

General Information
Progress Sports Management Ltd is a private company, limited by shares, registered in England and Wales, under 12408392, at Kemp House, 152-160 City Road, London, EC1V 2NX.   The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
2.

Average number of employees

Average number of employees during the year was 2 (2024 : 0).


For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 October 2025 and were signed on its behalf by:


--------------------------------
Gary Gibbs
Director
2