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REGISTERED NUMBER: 03109611 (England and Wales)















Financial Statements for the Year Ended 31 December 2018

for

PROGRESS LIMITED

PROGRESS LIMITED (REGISTERED NUMBER: 03109611)

Contents of the Financial Statements
for the Year Ended 31 December 2018










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


PROGRESS LIMITED

Company Information
for the Year Ended 31 December 2018







Directors: Lord R J Liddle
M T Prosser
N Yeowell





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Business address: 3rd Floor
11 Tufton Street
London
SW1P 3QB





Registered number: 03109611 (England and Wales)





Auditors: Haines Watts (Westbury) LLP
Chartered Accountants and Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

PROGRESS LIMITED (REGISTERED NUMBER: 03109611)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,622 -

Current assets
Debtors 5 27,798 39,334
Cash at bank 111,450 137,331
139,248 176,665
Creditors
Amounts falling due within one year 6 10,391 43,871
Net current assets 128,857 132,794
Total assets less current liabilities 135,479 132,794

Reserves
Income and expenditure account 135,479 132,794
135,479 132,794

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 on 18 December 2019 and were signed on its behalf
by:





N Yeowell - Director


PROGRESS LIMITED (REGISTERED NUMBER: 03109611)

Notes to the Financial Statements
for the Year Ended 31 December 2018


1. Statutory information

Progress Limited is a private company, limited by guarantee , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is 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.

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 10 (2017 - 9 ) .

PROGRESS LIMITED (REGISTERED NUMBER: 03109611)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018


4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2018 43,033
Additions 8,179
At 31 December 2018 51,212
Depreciation
At 1 January 2018 43,033
Charge for year 1,557
At 31 December 2018 44,590
Net book value
At 31 December 2018 6,622

5. Debtors: amounts falling due within one year
2018 2017
£    £   
Trade debtors 8,339 22,728
Other debtors 19,459 16,606
27,798 39,334

6. Creditors: amounts falling due within one year
2018 2017
£    £   
Trade creditors 596 9,831
Taxation and social security - 14,916
Other creditors 9,795 19,124
10,391 43,871

7. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Mr Keith Graham (Senior Statutory Auditor)
for and on behalf of Haines Watts (Westbury) LLP

8. Control

The company is under the control of R Liddle, M Prosser, N Yeowell.