PROGEN INTERNATIONAL LIMITED - Filleted accounts

Registered number

03861017

PROGEN INTERNATIONAL LIMITED

Filleted Accounts

31 October 2025

PROGEN INTERNATIONAL LIMITED
Registered number:		03861017
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,158,387			1,214,469
Investments	4		40,000			40,000
			1,198,387			1,254,469

Current assets
Stocks		42,981			43,367
Debtors	5	805,062			614,390
Cash at bank and in hand		962,005			820,405
		1,810,048			1,478,162

Creditors: amounts falling due within one year	6	(515,167)			(432,911)

Net current assets			1,294,881			1,045,251

Total assets less current liabilities			2,493,268			2,299,720

Creditors: amounts falling due after more than one year	7		(99,689)			(90,870)

Provisions for liabilities			(117,053)			(115,183)


Net assets			2,276,526			2,093,667

Capital and reserves
Called up share capital			2			2
Profit and loss account			2,276,524			2,093,665

Shareholders' funds			2,276,526			2,093,667

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr K Y Munshi
Director
Approved by the board on 28 July 2026

PROGEN INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			0%
	Plant and machinery			15% reducing balance
	Motor vehicles			Over 15 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					9		9


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 November 2024	579,342		1,742,846		81,308		2,403,496
	Additions	-		39,413		-		39,413
	At 31 October 2025	579,342		1,782,259		81,308		2,442,909

	Depreciation
	At 1 November 2024	-		1,172,765		16,262		1,189,027
	Charge for the year	-		90,074		5,421		95,495
	At 31 October 2025	-		1,262,839		21,683		1,284,522

	Net book value
	At 31 October 2025	579,342		519,420		59,625		1,158,387
	At 31 October 2024	579,342		570,081		65,046		1,214,469


4	Investments

Other
investments
£
	Cost
	At 1 November 2024							40,000

	At 31 October 2025							40,000


5	Debtors					2025		2024
£							£

	Trade debtors					591,353		419,109
	Prokym Ltd					201,061		196,381
	Other taxes (VAT)					12,648		(1,100)
						805,062		614,390


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					2,046		610
	Trade creditors					297,282		230,093
	Taxation and social security costs					162,722		140,018
	PAYE					444		444
	Private loans					8,000		8,000
	Accruals					44,673		53,746
						515,167		432,911


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Directors loan account					99,689		90,870


8	Controlling party

	In the opinion of the directors, the ultimate controlling parties of the company are Mr K Y Munshi and Mr A Bharucha.


9	Other information

	PROGEN INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	2a Newhouse Road
	Huncoat Ind. Estate
	Accrington
	Lancashire
	BB5 6NT