Progressive Britain Ltd - Accounts to registrar (filleted) - small 18.2

Progressive Britain Ltd - Accounts to registrar (filleted) - small 18.2

PROGRESSIVE BRITAIN LTD - Company Information

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PROGRESSIVE BRITAIN LTD

Financial Statements

for the Year Ended 31 December 2020






PROGRESSIVE BRITAIN LTD (REGISTERED NUMBER: 03109611)

Contents of the Financial Statements
for the year ended 31 December 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROGRESSIVE BRITAIN LTD

Company Information
for the year ended 31 December 2020







Directors: M T Prosser
R J Liddle
N Yeowell
K Carberry
M T Goudie
E Wallace





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





Registered number: 03109611 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA
Page 1
PROGRESSIVE BRITAIN LTD (REGISTERED NUMBER: 03109611)

Balance Sheet
31 December 2020

2020 2019
Notes £ £ £ £
Fixed assets
Tangible assets 4 3,350 4,986

Current assets
Debtors 5 7,286 9,549
Cash at bank 50,731 20,681
58,017 30,230
Creditors
Amounts falling due within one year 6 22,456 25,178
Net current assets 35,561 5,052
Total assets less current liabilities 38,911 10,038

Reserves
Retained earnings 7 38,911 10,038
38,911 10,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 and authorised for issue on 26 November 2021 and were signed on its behalf by:





N Yeowell - Director


The notes form part of these financial statements

Page 2
PROGRESSIVE BRITAIN LTD (REGISTERED NUMBER: 03109611)

Notes to the Financial Statements
for the year ended 31 December 2020


1. Statutory information

Progressive Britain Ltd 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.
Fixtures and fittings - 20% on cost

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 2 (2019 - 7 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 January 2020
and 31 December 2020 50,962
Depreciation
At 1 January 2020 45,976
Charge for year 1,636
At 31 December 2020 47,612
Net book value
At 31 December 2020 3,350
At 31 December 2019 4,986

5. Debtors: amounts falling due within one year
2020 2019
£ £
Trade debtors - 534
Other debtors 7,286 9,015
7,286 9,549

Page 3
PROGRESSIVE BRITAIN LTD (REGISTERED NUMBER: 03109611)

Notes to the Financial Statements - continued
for the year ended 31 December 2020


6. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 1,831 6,197
Taxation and social security 9,256 5,616
Other creditors 11,369 13,365
22,456 25,178

7. Reserves
Retained
earnings
£

At 1 January 2020 10,038
Profit for the year 28,873
At 31 December 2020 38,911

8. Related party disclosures

During the year political donations totalling £7,500 were made to related persons.

Page 4