Progressive Systems Limited in Exeter, EX2 8PW

Description

Data updated on: 01-11-2023

Progressive Systems Limited is located at Exeter at Unit 7 Cranmere Court. Anyone can search for this business by the zip code - EX2 8PW. Progressive Systems's incorporation dates back to year 1986. The enterprise is registered under the number 02032689 and its state is active. This company's Standard Industrial Classification Code is 43910 and has the NACE code: Roofing activities. The company's latest annual accounts detail the period up to 2022-06-30 and the most current annual confirmation statement was filed on 2023-06-05.

Andrew S., Luke H., James R. and 3 other directors who might be found below are registered as the firm's directors and have been doing everything they can to make sure everything is working correctly for 4 years.

The companies that control this firm are: Techumbre Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Exeter at Cranmere Court, Lustleigh Close, EX2 8PW, Devon and was registered as a PSC under the registration number 09635862.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-06-30	2020-06-30	2021-06-30	2022-06-30	2023-06-30
Currency

Balance Sheet
Cash Bank On Hand	1 412 400	1 214 476	1 033 976	1 358 467	1 312 451
Current Assets	4 916 352	5 883 008	7 631 692	5 913 829	7 479 930
Debtors	3 479 557	4 644 272	6 580 380	4 522 207	6 141 697
Net Assets Liabilities	1 000 000	1 304 099	1 470 843	1 475 661	1 838 277
Other Debtors		25 565	569 453	219 249	408 349
Property Plant Equipment	370 957	367 417	239 965	362 226	375 344
Total Inventories	24 395	24 260	17 336	33 155	25 782

Other Financial Data
Audit Fees Expenses	14 200	14 600	15 000	16 500	22 800
Accumulated Amortisation Impairment Intangible Assets	1 419	8 234	15 050	21 866	28 682
Accumulated Depreciation Impairment Property Plant Equipment	486 876	543 642	657 990	668 423	636 325
Additional Provisions Increase From New Provisions Recognised			27 858
Additions Other Than Through Business Combinations Intangible Assets					2 875
Additions Other Than Through Business Combinations Property Plant Equipment		209 202	52 480	302 781	202 166
Administration Support Average Number Employees	24	21	22	22	21
Administrative Expenses	1 974 024	2 131 754	2 465 399	2 435 334	2 902 331
Amortisation Expense Intangible Assets	1 419	6 815	6 816	6 816	6 816
Amounts Owed By Related Parties	1 092 704	1 092 704	1 092 704	1 161 418	1 161 418
Applicable Tax Rate	19	19	19	19	21
Average Number Employees During Period	43	47	44	44	51
Balances Amounts Owed By Related Parties	11 119	38 803	17 762	27 920	17 133
Balances Amounts Owed To Related Parties	35 487
Bank Borrowings			570 000	450 000	330 000
Cost Sales	13 826 850	11 916 708	13 775 870	15 327 773	13 004 656
Creditors	101 146	124 365	642 805	598 061	467 499
Current Tax For Period	432 000	41 000	54 000	91 000	225 000
Deferred Tax Asset Debtors		18 000	41 000	16 000	37 000
Deferred Tax Assets		18 000	41 000	16 000	37 000
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws			-9 914	5 973	-3 347
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	5 000	-23 000	-23 000	25 000	-21 000
Deferred Tax Liabilities	5 000
Depreciation Expense Property Plant Equipment	142 260	164 161	158 042	153 054	178 676
Disposals Decrease In Depreciation Impairment Property Plant Equipment		-107 395	-43 694	-142 621	-210 774
Disposals Property Plant Equipment		-155 976	-65 584	-170 087	-221 146
Dividend Per Share Interim	12 473	3 736		3 289	4 013
Dividends Paid	1 895 824	567 861		500 000	610 000
Dividends Paid On Shares Interim	1 895 824	567 861		500 000	610 000
Finance Lease Liabilities Present Value Total	123 083	113 564	92 782	108 751	143 159
Finance Lease Payments Owing Minimum Gross	224 229	237 929	165 587	256 812	280 658
Fixed Assets	403 591	393 236	258 968	374 413	383 590
Future Minimum Lease Payments Under Non-cancellable Operating Leases	39 844	556 629	493 605	465 789	381 368
Gain Loss On Disposals Property Plant Equipment	2 798	10 169	1 777	58 551	13 586
Gross Amount Due From Customers For Construction Contract Work As Asset	1 036 045	2 389 435	2 983 205	1 501 479	2 889 763
Gross Amount Due To Customers For Construction Contract Work As Liability	205 041	230 242	86 868	35 775	356 128
Gross Profit Loss	4 307 494	2 861 996	2 494 636	3 031 990	3 956 000
Income From Related Parties	240 632	339 481	259 677	618 519	284 550
Increase Decrease In Current Tax From Adjustment For Prior Periods	-478	-104 784	-628	-73	-144 927
Increase Decrease In Existing Provisions		39 271		-1 042
Increase From Amortisation Charge For Year Intangible Assets		6 815	6 816	6 816	6 816
Increase From Depreciation Charge For Year Property Plant Equipment		164 161	158 042	153 054	178 676
Intangible Assets	32 634	25 819	19 003	12 187	8 246
Intangible Assets Gross Cost	34 053	34 053	34 053	34 053	36 928
Interest Expense On Financial Liabilities Fair Value Through Profit Or Loss	3 230	3 955	14 352	23 013	21 697
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	10 850	15 005	16 524	14 721	13 800
Interest Payable Similar Charges Finance Costs	14 080	18 960	30 876	37 734	35 497
Minimum Operating Lease Payments Recognised As Expense	60 837	62 355	91 681	114 158	112 152
Net Current Assets Liabilities	958 116	1 335 060	2 182 370	2 025 957	2 248 834
Number Shares Issued Fully Paid	152	152	152	152	152
Operating Profit Loss	2 343 614	802 480	227 659	658 301	1 063 518
Other Creditors	278 281	265 078	261 172	315 604	272 958
Other Departments Average Number Employees	4	9	9	9	9
Other Interest Receivable Similar Income Finance Income	2 812	1 656	61	178	3 668
Other Operating Income Format1	10 144	72 238	198 422	61 645	9 849
Other Payables Accrued Expenses	242 517	190 729	174 090	238 266	301 900
Other Remaining Operating Income	1 044
Other Revenue	3 025	2 526	3 307	3 655	4 263
Par Value Share		1	1	1	1
Payments To Related Parties	220 231	103 204	264 900	126 606	47 335
Pension Costs Defined Contribution Plan	23 296	22 904	31 612	25 756	34 014
Prepayments	298 354	117 738	205 857	288 627	220 028
Production Average Number Employees	7	7	6	8	9
Profit Loss	1 895 824	871 960	166 744	504 818	972 616
Profit Loss On Ordinary Activities Before Tax	2 332 346	785 176	196 844	620 745	1 031 689
Property Plant Equipment Gross Cost	857 833	911 059	897 955	1 030 649	1 011 669
Provisions	260 561	299 832	327 690	326 648	326 648
Provisions For Liabilities Balance Sheet Subtotal	260 561	299 832	327 690	326 648	326 648
Redundancy Costs			28 000
Research Development Expense Recognised In Profit Or Loss					5 250
Revenue From Sale Goods	18 131 319	14 776 178	16 267 199	18 356 108	16 956 393
Selling Average Number Employees	8	10	7	5	12
Social Security Costs	130 045	136 353	151 040	163 858	173 200
Staff Costs Employee Benefits Expense	1 349 580	1 445 916	1 469 226	1 540 695	1 870 033
Taxation Social Security Payable	126 705	94 780	95 199	98 359	125 184
Tax Expense Credit Applicable Tax Rate	443 146	149 183	37 400	117 942	211 496
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit		-129 100
Tax Increase Decrease From Effect Capital Allowances Depreciation			-1 075	-9 293	-1 852
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	1 040	4 700	4 236	403	652
Tax Increase Decrease From Other Short-term Timing Differences	-7 664	-6 783	81	975	-2 949
Tax Tax Credit On Profit Or Loss On Ordinary Activities	436 522	-86 784	30 100	115 927	59 073
Total Assets Less Current Liabilities	1 361 707	1 728 296	2 441 338	2 400 370	2 632 424
Total Borrowings		124 365	642 805	598 061	330 000
Trade Creditors Trade Payables	2 550 609	3 322 136	4 655 211	2 880 117	3 830 823
Trade Debtors Trade Receivables	1 052 454	1 000 830	1 688 161	1 335 434	1 425 139
Turnover Revenue	18 134 344	14 778 704	16 270 506	18 359 763	16 960 656
Wages Salaries	1 196 239	1 286 659	1 258 574	1 351 081	1 662 819
Work In Progress	24 395	24 260	17 336	33 155	25 782
Company Contributions To Money Purchase Plans Directors	21 514	20 406	25 906	19 906	27 114
Director Remuneration	225 018	250 108	476 471	528 311	569 883
Number Directors Accruing Benefits Under Money Purchase Scheme			2	1	3
Number Directors Who Received Or Were Entitled To Receive Shares Under Long Term Incentive Schemes	2	2	2