Abbreviated Company Accounts - PEGASUS SYSTEMS (RAIL) LIMITED

PEGASUS SYSTEMS (RAIL) LIMITED - Company Information

07163876 PEGASUS SYSTEMS (RAIL) LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 07163876 2013-08-01 2014-07-31 07163876 2014-07-31 07163876 2013-07-31 07163876 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 07163876 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 07163876

PEGASUS SYSTEMS (RAIL) LIMITED

Abbreviated Accounts

31 July 2014

PEGASUS SYSTEMS (RAIL) LIMITED Registered Number 07163876

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	26,153	29,747
		26,153	29,747
Current assets
Debtors		11,109	12,063
Cash at bank and in hand		8,809	14,728
		19,918	26,791
Creditors: amounts falling due within one year		(23,700)	(51,570)
Net current assets (liabilities)		(3,782)	(24,779)
Total assets less current liabilities		22,371	4,968
Total net assets (liabilities)		22,371	4,968
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		22,369	4,966
Shareholders' funds		22,371	4,968

For the year ending 31 July 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 April 2015

And signed on their behalf by:
Errol George Johnson, Director

PEGASUS SYSTEMS (RAIL) LIMITED Registered Number 07163876

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities. Revenue is recognised for the services as the services are performed.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follow:
Leasehold properties – Straight line of the life of the lease

Other accounting policies
Going Concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances.

2Tangible fixed assets

	£
Cost
At 1 August 2013	35,937
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	35,937
Depreciation
At 1 August 2013	6,190
Charge for the year	3,594
On disposals	-
At 31 July 2014	9,784
Net book values
At 31 July 2014	26,153
At 31 July 2013	29,747

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2