Progress Health Partnerships Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08233647 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2022

for

PROGRESS HEALTH PARTNERSHIPS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr M Parker

Registered office:

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

Registered number:

08233647 (England and Wales)

Accountants:

NRB

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Tangible assets

4

26,372

24,371

CURRENT ASSETS

Debtors

5

35,277

26,158

Cash at bank

94,000

95,343

129,277

121,501

CREDITORS

Amounts falling due within one year

6

114,349

96,411

NET CURRENT ASSETS

14,928

25,090

TOTAL ASSETS LESS CURRENT LIABILITIES

41,300

49,461

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

41,200

49,361

SHAREHOLDERS' FUNDS

41,300

49,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 May 2023 and were signed by:

Mr M Parker - Director

1.	STATUTORY INFORMATION

Progress Health Partnerships Limited is a private company, limited by shares , 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.

Modular Building

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.3% on cost

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.

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 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Modular

and

Computer

Building

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2021

20,875

4,816

13,028

38,719

Additions

-

3,706

2,721

6,427

At 30 September 2022

20,875

8,522

15,749

45,146

DEPRECIATION

At 1 October 2021

1,340

2,940

10,068

14,348

Charge for year

1,953

559

1,914

4,426

At 30 September 2022

3,293

3,499

11,982

18,774

NET BOOK VALUE

At 30 September 2022

17,582

5,023

3,767

26,372

At 30 September 2021

19,535

1,876

2,960

24,371

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade debtors

35,277

-

Other debtors

-

26,158

35,277

26,158

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade creditors

307

-

Taxation and social security

17,503

2,050

Other creditors

96,539

94,361

114,349

96,411

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.22

30.9.21

value:

£

£

38

Ordinary A

£1

38

38

38

Ordinary B

£1

38

38

12

Ordinary C

£1

12

12

12

Ordinary D

£1

12

12

100

100