REGISTERED NUMBER: 12371453 (England and Wales)

In Progress Limited

Unaudited Financial Statements

for the Period 1 January 2024 to 30 April 2025

Page

Company Information

1

Statement of Comprehensive Income

2

Statement of Financial Position

3

Statement of Changes in Equity

4

Notes to the Financial Statements

5

DIRECTOR:

N Griffiths

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

12371453 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Starling Bank

3rd Floor

2 Finsbury Avenue

London

EC2M 2PP

TURNOVER

-

-

Administrative expenses

2,643

2,173

OPERATING LOSS and

LOSS BEFORE TAXATION

(2,643

)

(2,173

)

Tax on loss

5

(13

)

(14

)

LOSS FOR THE FINANCIAL PERIOD

(2,630

)

(2,159

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE LOSS FOR THE PERIOD

(2,630

)

(2,159

)

FIXED ASSETS

Tangible assets

6

154

223

CURRENT ASSETS

Debtors

7

-

289

Cash at bank and in hand

225

799

225

1,088

CREDITORS

Amounts falling due within one year

8

6,216

4,505

NET CURRENT LIABILITIES

(5,991

)

(3,417

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,837

)

(3,194

)

PROVISIONS FOR LIABILITIES

9

29

42

NET LIABILITIES

(5,866

)

(3,236

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(5,966

)

(3,336

)

SHAREHOLDERS' FUNDS

(5,866

)

(3,236

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

N Griffiths - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

(1,177

)

(1,077

)

Changes in equity

Total comprehensive loss

-

(2,159

)

(2,159

)

Balance at 31 December 2023

100

(3,336

)

(3,236

)

Changes in equity

Total comprehensive loss

-

(2,630

)

(2,630

)

Balance at 30 April 2025

100

(5,966

)

(5,866

)

1.	STATUTORY INFORMATION

In Progress Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company’s directors.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period 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 statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

Period

1.1.24

to

Year Ended

30.4.25

31.12.23

£

£

Director's remuneration

-

-

5.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the period was as follows:

Period

1.1.24

to

Year Ended

30.4.25

31.12.23

£

£

Deferred tax

(13

)

(14

)

Tax on loss

(13

)

(14

)

Reconciliation of total tax credit included in profit and loss

The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1.1.24

to

Year Ended

30.4.25

31.12.23

£

£

Loss before tax

(2,643

)

(2,173

)

Loss multiplied by the standard rate of corporation tax in the UK of 19% (2023 - 19%)

(502

)

(413

)

Effects of:

Utilisation of tax losses

489

399

Total tax credit

(13

)

(14

)

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 30 April 2025

714

DEPRECIATION

At 1 January 2024

491

Charge for period

69

At 30 April 2025

560

NET BOOK VALUE

At 30 April 2025

154

At 31 December 2023

223

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.12.23

£

£

VAT

-

289

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.12.23

£

£

Corporation Tax

64

64

Directors' current accounts

4,172

3,091

Accruals and deferred income

1,980

1,350

6,216

4,505

9.	PROVISIONS FOR LIABILITIES

30.4.25

31.12.23

£

£

Deferred tax

29

42

Deferred

tax

£

Balance at 1 January 2024

42

Utilised during period

(13

)

Balance at 30 April 2025

29

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

31.12.23

value:

£

£

95

'A' Ordinary

£1

95

95

5

'B' Ordinary

£1

5

5

100

100

All classes of shares rank pari passu in all respects.

11.

RESERVES

Retained

earnings

£

At 1 January 2024

(3,336

)

Deficit for the period

(2,630

)

At 30 April 2025

(5,966

)

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Griffiths.

The company was controlled throughout the period by it's director Neil Griffiths by virtue of the fact that he owns over 75% of the issued share capital.