REGISTERED NUMBER: 02587336 (England and Wales)

PROGRESSIVE BUILDING SERVICES LIMITED

Financial Statements

For The Year Ended 31 March 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J P Addley

Mrs L M O'Connell

D V Timlin

B D East

REGISTERED OFFICE:

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

REGISTERED NUMBER:

02587336 (England and Wales)

AUDITORS:

Hilden Park Accountants Limited

Chartered Accountants

& Statutory Auditors

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

CURRENT ASSETS

Debtors

800,922

1,563,576

CREDITORS

Amounts falling due within one year

2,585,354

2,164,969

NET CURRENT LIABILITIES

(1,784,432

)

(601,393

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,784,432

)

(601,393

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,784,434

)

(601,395

)

SHAREHOLDERS' FUNDS

(1,784,432

)

(601,393

)

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 December 2025 and were signed on its behalf by:

J P Addley - Director

1.	STATUTORY INFORMATION

Progressive Building Services 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.	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 modified by the inclusion of certain fair values as required by FRS 102.

The financial statements are presented in pounds sterling and rounded to the nearest pound.

Turnover - services, measured by costs incurred

Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of building services. Turnover from the rendering of building services is recognised according to the stage of completion of the contract. The stage of completion of a building contract if measured by comparing the costs incurred for work performed to date to the total estimated costs of completing the contract. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Taxation

Taxation for the year comprises current 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 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.

Leased assets

All leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Going concern

The directors have reviewed the financial performance of the company and consequently, due to challenging economic conditions across the construction sector arising from inflation and interest rates have made the decision to liquidate the company in the subsequent year. As such the financial statements have been prepared on a basis other than that of the going concern basis. No provision has been made for future costs of terminating the company unless such costs were committed at the reporting date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	SECURED DEBTS

The bank holds a debenture in its standard form dated 17 March 2006 incorporating a fixed and floating charge over the assets of the Progressive Group. There is no liability in these company accounts to which this charge relates.

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Matthews BSc FCA (Senior Statutory Auditor)

for and on behalf of Hilden Park Accountants Limited

6.	CONTINGENT LIABILITIES

The Company may be held jointly liable with other group companies for any amounts due under an Omnibus Guarantee and Set-Off Agreement dated 17 March 2006. There is no liability in these company accounts to which this Set-Off Agreement applies.

7.	PARENT UNDERTAKING

The Progressive Group Limited is the parent by virtue of its 100% ownership of Progressive Building Services Limited. The group draw up consolidated accounts for the year ended 31 March 2025, which can be obtained from the registered office:

Hilden Park House

79 Tonbridge Road

Hildenborough

Kent

TN11 9BH