REGISTERED NUMBER: 05379053 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

Progressive Technology Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Ellis

Mrs E V Ellis

SECRETARY:

Mrs E V Ellis

REGISTERED OFFICE:

1 Burrells Meadow

Beeston

Kings Lynn

PE32 2TL

REGISTERED NUMBER:

05379053 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

8,103

10,559

CURRENT ASSETS

Debtors

5

1,120

581

Cash at bank

37,723

47,942

38,843

48,523

CREDITORS

Amounts falling due within one year

6

46,064

54,909

NET CURRENT LIABILITIES

(7,221

)

(6,386

)

TOTAL ASSETS LESS CURRENT LIABILITIES

882

4,173

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

880

4,171

SHAREHOLDERS' FUNDS

882

4,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 17 June 2026 and were signed on its behalf by:

D Ellis - Director

1.	STATUTORY INFORMATION

Progressive Technology Systems 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, and is recognised when the company obtains the right to invoice for work completed.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Taxation

Taxation for the period comprises current tax, 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.

Deferred tax

Deferred tax is not recognised in respect of timing differences that have originated but not reversed at the balance sheet date since the amount is not considered immaterial.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

6,137

21,795

11,149

39,081

DEPRECIATION

At 1 April 2025

5,586

14,899

8,037

28,522

Charge for year

110

1,724

622

2,456

At 31 March 2026

5,696

16,623

8,659

30,978

NET BOOK VALUE

At 31 March 2026

441

5,172

2,490

8,103

At 31 March 2025

551

6,896

3,112

10,559

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

240

120

Other debtors

880

461

1,120

581

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

666

1,167

Taxation and social security

9,151

10,598

Other creditors

36,247

43,144

46,064

54,909