Progressive Steps Limited - Accounts to registrar (filleted) - small 18.2
Progressive Steps Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2020 |
| for |
| PROGRESSIVE STEPS LIMITED |
| PROGRESSIVE STEPS LIMITED (REGISTERED NUMBER: 06011508) |
| Contents of the Financial Statements |
| for the year ended 31 December 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PROGRESSIVE STEPS LIMITED |
| Company Information |
| for the year ended 31 December 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Wellington House |
| Aviator Court |
| Clifton Moor |
| York |
| North Yorkshire |
| YO30 4UZ |
| PROGRESSIVE STEPS LIMITED (REGISTERED NUMBER: 06011508) |
| Balance Sheet |
| 31 December 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| PROGRESSIVE STEPS LIMITED (REGISTERED NUMBER: 06011508) |
| Balance Sheet - continued |
| 31 December 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PROGRESSIVE STEPS LIMITED (REGISTERED NUMBER: 06011508) |
| Notes to the Financial Statements |
| for the year ended 31 December 2020 |
| 1. | STATUTORY INFORMATION |
| Progressive Steps Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Leasehold Legal Costs | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Government grants |
| Governments grants are accounted for using the performance model. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| PROGRESSIVE STEPS LIMITED (REGISTERED NUMBER: 06011508) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2020 |
| and 31 December 2020 |
| AMORTISATION |
| At 1 January 2020 |
| Charge for year |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Leasehold | Improvement |
| Freehold | Legal | to |
| property | Costs | property |
| £ | £ | £ |
| COST |
| At 1 January 2020 |
| Additions |
| At 31 December 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for year |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| PROGRESSIVE STEPS LIMITED (REGISTERED NUMBER: 06011508) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2020 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2020 |
| Additions |
| At 31 December 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for year |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Directors' loan accounts | 175,329 | 175,543 |
| S.458 Tax Recoverable | 57,051 | 48,457 |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Payments on account |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Bank Loan | 25,510 | 33,399 |
| Hire Purchase Creditor | 1,875 | 7,500 |
| Bank Overdraft | - | 10,884 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| Debts of £88,779 (2019-£122,758) within creditors are secured by a fixed and floating charge over the company's assets, of these £21,552 are included within creditors are due within one year (2019- £40,889) |
| 9. | FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES |
| The company had outstanding commitments of £252,525 in respect of operating leases at 31 December 2020 (2019- £191,301). |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| There were no advances to the directors during the yer. The outstanding balance at the year end which is payable on demand and classified in debtors, was £175,329 (2019-£175,543) |
| PROGRESSIVE STEPS LIMITED (REGISTERED NUMBER: 06011508) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2020 |
| 11. | RELATED PARTY DISCLOSURES |
| The only related party transactions to disclose relate to the loan referred to above. |