Progen Stainless Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 05705911

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		819		112

			819		112
CURRENT ASSETS
Debtors	5	234		919
Cash at bank and in hand		375		725

		609		1,644
Creditors: Amounts Falling Due Within One Year	6	(187,912 )		(171,602 )

NET CURRENT ASSETS (LIABILITIES)			(187,303 )		(169,958 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(186,484 )		(169,846 )

NET LIABILITIES			(186,484 )		(169,846 )

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			(186,485 )		(169,847 )

SHAREHOLDERS' FUNDS			(186,484)		(169,846)

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

A Mansfield

Director

4th November 2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Progen Stainless Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05705911 . The registered office is Studio 2 Waterside Court Third Avenue, Centrum One Hundred, Burton-On-Trent, Staffs, DE14 2WQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The director has prepared the financial statements on a going concern basis. Whilst the company has had reduced activity, the director is confident that, with continued support, the company will trade for the foreseeable future. As such he has concluded that it is appropriate to prepare the financial statements on this basis.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on reducing balance
Computer Equipment	33% on cost

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 March 2025	1,280	1,458	2,738
Additions	-	1,107	1,107
Disposals	-	(533 )	(533 )

As at 28 February 2026	1,280	2,032	3,312

Depreciation
As at 1 March 2025	1,168	1,458	2,626
Provided during the period	31	369	400
Disposals	-	(533 )	(533 )

As at 28 February 2026	1,199	1,294	2,493

Net Book Value
As at 28 February 2026	81	738	819

As at 1 March 2025	112	-	112

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	234	919

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Progen Stainless Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	824	56
Other creditors	187,088	171,546

	187,912	171,602

7. Related Party Transactions

The company owes the director £186,583 (2025: £171,076). The director is not expecting the loan to be repaid in the forseeable future.

8. Ultimate Controlling Party

The company's ultimate controlling party is A Mansfield by virtue of his ownership of the issued share capital in the company.

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