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Company Registration No. 05237824 (England and Wales)
Progressive Contracts Limited Unaudited accounts for the year ended 31 March 2025
Progressive Contracts Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Progressive Contracts Limited Company Information for the year ended 31 March 2025
Directors
Denise Gardner Dean Osborn
Secretary
Dean Osborn
Company Number
05237824 (England and Wales)
Registered Office
UNITS 1-4 SHERWOOD YARD MAIDSTONE ROAD WROTHAM HEATH SEVENOAKS KENT TN15 7SW ENGLAND
Accountants
Bannister Accounting 28 Herbert Road Bexleyheath Kent DA7 4QF
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Progressive Contracts Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,241 
6,982 
Current assets
Debtors
5
57,414 
21,903 
Cash at bank and in hand
16,289 
10,587 
73,703 
32,490 
Creditors: amounts falling due within one year
6
1,188 
2,987 
Net current assets
74,891 
35,477 
Total assets less current liabilities
79,132 
42,459 
Creditors: amounts falling due after more than one year
7
(50,602)
(55,149)
Provisions for liabilities
Deferred tax
- 
(187)
Net assets/(liabilities)
28,530 
(12,877)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
28,526 
(12,881)
Shareholders' funds
28,530 
(12,877)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2025 and were signed on its behalf by
Dean Osborn Director Company Registration No. 05237824
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Progressive Contracts Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Progressive Contracts Limited is a private company, limited by shares, registered in England and Wales, registration number 05237824. The registered office is UNITS 1-4 SHERWOOD YARD, MAIDSTONE ROAD WROTHAM HEATH, SEVENOAKS, KENT, TN15 7SW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% over 4 years
Fixtures & fittings
25% over 4 years
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
10,250 
1,415 
167 
11,832 
At 31 March 2025
10,250 
1,415 
167 
11,832 
Depreciation
At 1 April 2024
3,761 
1,005 
84 
4,850 
Charge for the year
2,563 
136 
42 
2,741 
At 31 March 2025
6,324 
1,141 
126 
7,591 
Net book value
At 31 March 2025
3,926 
274 
41 
4,241 
At 31 March 2024
6,489 
410 
83 
6,982 
- 5 -
Progressive Contracts Limited Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
2,106 
2,053 
Trade debtors
13,117 
9,117 
Other debtors
42,191 
10,733 
57,414 
21,903 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
1,684 
- 
Taxes and social security
(4,186)
(4,300)
Other creditors
1,314 
1,313 
(1,188)
(2,987)
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
50,602 
55,149 
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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