Pegasus Staff Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04693784 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Pegasus Staff Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Colder

SECRETARY:

Midlands Secretarial Services Limited

REGISTERED OFFICE:

29C The Derwent Business Centre

Clark Street

Derby

DE1 2BU

REGISTERED NUMBER:

04693784 (England and Wales)

ACCOUNTANTS:

Hunter Jones Alton

36 Bridge Street

Belper

Derbyshire

DE56 1AX

FIXED ASSETS

Intangible assets

4

6,000

7,500

Tangible assets

5

10,006

11,463

16,006

18,963

CURRENT ASSETS

Debtors

6

857,829

731,159

Cash at bank

24,936

20,415

882,765

751,574

CREDITORS

Amounts falling due within one year

7

763,438

691,949

NET CURRENT ASSETS

119,327

59,625

TOTAL ASSETS LESS CURRENT LIABILITIES

135,333

78,588

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

135,331

78,586

SHAREHOLDERS' FUNDS

135,333

78,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director on 18 March 2020 and were signed by:

C Colder - Director

1.	STATUTORY INFORMATION

Pegasus Staff Services 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 12 (2018 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

30,000

AMORTISATION

At 1 April 2018

22,500

Charge for year

1,500

At 31 March 2019

24,000

NET BOOK VALUE

At 31 March 2019

6,000

At 31 March 2018

7,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

47,145

Additions

1,878

At 31 March 2019

49,023

DEPRECIATION

At 1 April 2018

35,682

Charge for year

3,335

At 31 March 2019

39,017

NET BOOK VALUE

At 31 March 2019

10,006

At 31 March 2018

11,463

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

857,829

676,706

Other debtors

-

54,453

857,829

731,159

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

11,338

5,988

Taxation and social security

108,288

92,323

Other creditors

643,812

593,638

763,438

691,949