Progressive Systems (UK) Limited

Registered number

02732191

Filleted Accounts

31 July 2026

Progressive Systems (UK) Limited
Registered number:		02732191
Balance Sheet
as at 31 July 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		14,575			18,440

Current assets
Stocks		22,412			20,000
Debtors	4	173,792			169,491
Cash at bank and in hand		42,753			34,255
		238,957			223,746

Creditors: amounts falling due within one year	5	(106,551)			(90,799)

Net current assets			132,406			132,947

Total assets less current liabilities			146,981			151,387

Creditors: amounts falling due after more than one year	6		(520)			(771)



Net assets			146,461			150,616

Capital and reserves
Called up share capital			100			100
Profit and loss account			146,361			150,516

Shareholders' funds			146,461			150,616

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.




Mrs L F Stewart
Director
Approved by the board on 31 October 2026

Progressive Systems (UK) Limited
Notes to the Accounts
for the year ended 31 July 2026


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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Land and buildings			over 10 years
	Plant and machinery			over 4 years
	Fixtures, fittings, tools and equipment			over 4 years

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					4		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2025	29,510		16,358		32,108		77,976
	At 31 July 2026	29,510		16,358		32,108		77,976

	Depreciation
	At 1 August 2025	11,985		16,133		31,418		59,536
	Charge for the year	2,949		225		691		3,865
	At 31 July 2026	14,934		16,358		32,109		63,401

	Net book value
	At 31 July 2026	14,576		-		(1)		14,575
	At 31 July 2025	17,525		225		690		18,440


4	Debtors					2026		2025
£							£

	Trade debtors					22,104		17,853
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					151,688		151,638
						173,792		169,491


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					34,824		23,343
	Taxation and social security costs					31,497		45,589
	Other creditors					40,230		21,867
						106,551		90,799


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Directors loan account					520		771


7	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					12,000		9,200


8	Controlling party

	The company is controlled by the director.


9	Other information

	Progressive Systems (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5 Hope Mill Business Centre
	Hope Mill Lane
	Brimscombe
	Stroud
	Glos