Company registration number 01486877 (England and Wales)
PROPRESS LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
PROPRESS LTD
COMPANY INFORMATION
Director
T Oliver
Secretary
Company number
01486877
Registered office
Create Business Hub
5 Rayleigh Road
Shenfield
Brentwood
Essex
England
CM13 1AB
Accountants
Xeinadin South East Limited
Create Business Hub
5 Rayleigh Road
Shenfield
Brentwood
Essex
England
CM13 1AB
PROPRESS LTD
CONTENTS
Page
Director's report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 9
PROPRESS LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The director presents his annual report and financial statements for the year ended 30 June 2025.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

T Oliver
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
T Oliver
Director
5 March 2026
PROPRESS LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF PROPRESS LTD
- 2 -

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2025.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

Xeinadin South East Limited
Create Business Hub
5 Rayleigh Road
Shenfield
Brentwood
Essex
CM13 1AB
England
5 March 2026
PROPRESS LTD
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
35,371
19,212
Tangible assets
5
49,108
45,529
84,479
64,741
Current assets
Stocks
6
383,731
424,826
Debtors
7
411,105
370,805
Cash at bank and in hand
194,780
278,445
989,616
1,074,076
Creditors: amounts falling due within one year
8
(185,213)
(220,334)
Net current assets
804,403
853,742
Total assets less current liabilities
888,882
918,483
Creditors: amounts falling due after more than one year
9
(14,903)
(57,924)
Net assets
873,979
860,559
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
863,979
850,559
Total equity
873,979
860,559

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

T he member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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 and signed by the director and authorised for issue on 5 March 2026
T Oliver
Director
Company registration number 01486877 (England and Wales)
PROPRESS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

Propress 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.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1991, is being amortised evenly over its estimated useful life of ten years.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
being amortised evenly over their estimated useful life of nil years
Development costs
being amortised evenly over their estimated useful life of nil years
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

PROPRESS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvement to property
10% on cost
Plant and machinery
25% on cost and 25% on reducing balance
Fixtures and fittings
25% on cost and 25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
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.

1.9
Leases
As lessee

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PROPRESS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
8
3
Impairments

Impairment tests have been carried out where appropriate and the following impairment losses have been recognised in profit or loss:

2025
2024
Notes
£
£
In respect of:
Fixed asset investments
-
322,470
Recognised in:
Amounts written off investments
-
322,470

The impairment losses in respect of financial assets are recognised in other gains and losses in the profit and loss account.

PROPRESS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
4
Intangible fixed assets
Goodwill
Patents & licences
Development costs
Total
£
£
£
£
Cost
At 1 July 2024
11,300
24,957
75,969
112,226
Additions
-
0
-
0
24,424
24,424
At 30 June 2025
11,300
24,957
100,393
136,650
Amortisation and impairment
At 1 July 2024
11,300
17,073
64,641
93,014
Amortisation charged for the year
-
0
1,431
6,834
8,265
At 30 June 2025
11,300
18,504
71,475
101,279
Carrying amount
At 30 June 2025
-
0
6,453
28,918
35,371
At 30 June 2024
-
0
7,884
11,328
19,212
5
Tangible fixed assets
Improvement to property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2024
32,912
275,009
71,171
69,796
448,888
Additions
-
0
19,861
2,529
-
0
22,390
Disposals
-
0
(5,913)
-
0
(13,533)
(19,446)
At 30 June 2025
32,912
288,957
73,700
56,263
451,832
Depreciation and impairment
At 1 July 2024
32,912
294,654
67,237
8,556
403,359
Depreciation charged in the year
-
0
6,250
2,836
8,910
17,996
Eliminated in respect of disposals
-
0
(5,859)
-
0
(12,772)
(18,631)
Depreciation reclassification
-
0
(24,840)
-
0
24,840
-
0
At 30 June 2025
32,912
270,205
70,073
29,534
402,724
Carrying amount
At 30 June 2025
-
0
18,752
3,627
26,729
49,108
At 30 June 2024
-
0
(19,645)
3,934
61,240
45,529
PROPRESS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
6
Stocks
2025
2024
£
£
Stocks
383,731
424,826
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
322,305
280,473
Other debtors
11,044
10,650
Prepayments and accrued income
77,756
79,682
411,105
370,805
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10
35,010
35,000
Obligations under finance leases
7,916
7,870
Trade creditors
101,710
148,464
Taxation and social security
31,995
17,922
Other creditors
6,023
6,711
Accruals and deferred income
2,559
4,367
185,213
220,334
9
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
10
-
0
35,000
Obligations under finance leases
14,903
22,924
14,903
57,924
PROPRESS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
10
Loans and overdrafts
2025
2024
£
£
Bank loans
35,000
70,000
Bank overdrafts
10
-
0
35,010
70,000
Payable within one year
35,010
35,000
Payable after one year
-
0
35,000

The bank loan and hire purchases are secured on the assets concerned.

2025-06-30 2024-07-01 false false false 05 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity T Oliver 01486877 2024-07-01 2025-06-30 01486877 bus:Director1 2024-07-01 2025-06-30 01486877 bus:RegisteredOffice 2024-07-01 2025-06-30 01486877 2025-06-30 01486877 2024-06-30 01486877 core:Goodwill 2025-06-30 01486877 core:PatentsTrademarksLicencesConcessionsSimilar 2025-06-30 01486877 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-06-30 01486877 core:Goodwill 2024-06-30 01486877 core:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 01486877 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 01486877 core:LeaseholdImprovements 2025-06-30 01486877 core:PlantMachinery 2025-06-30 01486877 core:FurnitureFittings 2025-06-30 01486877 core:MotorVehicles 2025-06-30 01486877 core:LeaseholdImprovements 2024-06-30 01486877 core:PlantMachinery 2024-06-30 01486877 core:FurnitureFittings 2024-06-30 01486877 core:MotorVehicles 2024-06-30 01486877 core:WithinOneYear 2025-06-30 01486877 core:WithinOneYear 2024-06-30 01486877 core:AfterOneYear 2025-06-30 01486877 core:AfterOneYear 2024-06-30 01486877 core:CurrentFinancialInstruments 2025-06-30 01486877 core:CurrentFinancialInstruments 2024-06-30 01486877 core:Non-currentFinancialInstruments 2025-06-30 01486877 core:Non-currentFinancialInstruments 2024-06-30 01486877 core:ShareCapital 2025-06-30 01486877 core:ShareCapital 2024-06-30 01486877 core:RetainedEarningsAccumulatedLosses 2025-06-30 01486877 core:RetainedEarningsAccumulatedLosses 2024-06-30 01486877 core:Goodwill 2024-07-01 2025-06-30 01486877 core:IntangibleAssetsOtherThanGoodwill 2024-07-01 2025-06-30 01486877 core:PatentsTrademarksLicencesConcessionsSimilar 2024-07-01 2025-06-30 01486877 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-01 2025-06-30 01486877 core:LeaseholdImprovements 2024-07-01 2025-06-30 01486877 core:PlantMachinery 2024-07-01 2025-06-30 01486877 core:FurnitureFittings 2024-07-01 2025-06-30 01486877 core:MotorVehicles 2024-07-01 2025-06-30 01486877 2023-07-01 2024-06-30 01486877 core:Goodwill 2024-06-30 01486877 core:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 01486877 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 01486877 2024-06-30 01486877 core:Goodwill core:ExternallyAcquiredIntangibleAssets 2024-07-01 2025-06-30 01486877 core:PatentsTrademarksLicencesConcessionsSimilar core:ExternallyAcquiredIntangibleAssets 2024-07-01 2025-06-30 01486877 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:ExternallyAcquiredIntangibleAssets 2024-07-01 2025-06-30 01486877 core:ExternallyAcquiredIntangibleAssets 2024-07-01 2025-06-30 01486877 core:LeaseholdImprovements 2024-06-30 01486877 core:PlantMachinery 2024-06-30 01486877 core:FurnitureFittings 2024-06-30 01486877 core:MotorVehicles 2024-06-30 01486877 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 01486877 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 01486877 bus:FRS102 2024-07-01 2025-06-30 01486877 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 01486877 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP