PROGRESSIVE ENERGIES LIMITED

PROGRESSIVE ENERGIES LIMITED

PROGRESSIVE ENERGIES LIMITED - Company Information

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PROGRESSIVE ENERGIES LIMITED

Company Registration Number:
07596186 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

PROGRESSIVE ENERGIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

PROGRESSIVE ENERGIES LIMITED

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 1,562,364 1,659,252
Total fixed assets: 1,562,364 1,659,252
Current assets
Debtors:   145,835 145,881
Cash at bank and in hand: 135,677 155,961
Total current assets: 281,512 301,842
Creditors: amounts falling due within one year:   (797,582) (1,260,775)
Net current assets (liabilities): (516,070) (958,933)
Total assets less current liabilities: 1,046,294 700,319
Total net assets (liabilities): 1,046,294 700,319
Capital and reserves
Called up share capital: 10,000 10,000
Share premium account: 570,000 570,000
Profit and loss account: 466,294 120,319
Shareholders funds: 1,046,294 700,319

The notes form part of these financial statements

PROGRESSIVE ENERGIES LIMITED

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2021
and signed on behalf of the board by:

Name: R Sloper
Status: Director

The notes form part of these financial statements

PROGRESSIVE ENERGIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROGRESSIVE ENERGIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 0 0

PROGRESSIVE ENERGIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Tangible Assets

Total
Cost £
At 01 January 2020 2,422,189
At 31 December 2020 2,422,189
Depreciation
At 01 January 2020 762,937
Charge for year 96,888
At 31 December 2020 859,825
Net book value
At 31 December 2020 1,562,364
At 31 December 2019 1,659,252