Progressive Precast Erection Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05298621

Progressive Precast Erection Limited

Filleted Unaudited Financial Statements

30 September 2025

Progressive Precast Erection Limited

Financial Statements

Year ended 30 September 2025

Contents	Page

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Progressive Precast Erection Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Progressive Precast Erection Limited

Year ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Progressive Precast Erection Limited for the year ended 30 September 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Progressive Precast Erection Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Progressive Precast Erection Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Progressive Precast Erection Limited and its director for our work or for this report.

It is your duty to ensure that Progressive Precast Erection Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Progressive Precast Erection Limited. You consider that Progressive Precast Erection Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Progressive Precast Erection Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WALTER HUNTER & CO LIMITED Chartered accountants

24 Bridge Street Newport South Wales NP20 4SF

1 December 2025

Progressive Precast Erection Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		–	26,507

Current assets

Debtors	6	70,649	501,341
Cash at bank and in hand		434,164	595,803
		---------	------------
		504,813	1,097,144

Creditors: amounts falling due within one year	7	–		380,185
		---------		------------
Net current assets			504,813	716,959
			---------	---------
Total assets less current liabilities			504,813	743,466
			---------	---------
Net assets			504,813	743,466
			---------	---------

Capital and reserves

Called up share capital	744	744
Share premium account	23,872	23,872
Capital redemption reserve	303	303
Profit and loss account	479,894	718,547
	---------	---------
Shareholders funds	504,813	743,466
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Progressive Precast Erection Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 1 December 2025 , and are signed on behalf of the board by:

Mr M Mills
Director

Company registration number: 05298621

Progressive Precast Erection Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Bridge Street, Newport, NP20 4SF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The key estimate made by the company is the extent to which a project is complete at the year end. This is explained further in Revenue Recognition below.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Income tax

The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	20%-25% pa straightline
Motor vehicles	-	25% pa straightline
Office equipment	-	33.3% pa straightline

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 18 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 October 2024	53,777	60,267	6,750	120,794
Disposals	( 53,777)	( 60,267)	( 6,750)	( 120,794)
	--------	--------	-------	---------
At 30 September 2025	–	–	–	–
	--------	--------	-------	---------
Depreciation
At 1 October 2024	42,011	45,580	6,696	94,287
Charge for the year	2,342	2,813	53	5,208
Disposals	( 44,353)	( 48,393)	( 6,749)	( 99,495)
	--------	--------	-------	---------
At 30 September 2025	–	–	–	–
	--------	--------	-------	---------
Carrying amount
At 30 September 2025	–	–	–	–
	--------	--------	-------	---------
At 30 September 2024	11,766	14,687	54	26,507
	--------	--------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	469,027
Other debtors	70,649	32,314
	--------	---------
	70,649	501,341
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	53,842
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	71,511
Corporation tax	–	144,153
Social security and other taxes	–	29,143
Other creditors	–	81,536
	----	---------
	–	380,185
	----	---------

8. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.