Pegasus Traditional Restorations Limited,Ltd - AccountsLtd - Accounts

PEGASUS TRADITIONAL RESTORATIONS LIMITED - Company Information

Print Friendly Version

Pegasus Traditional Restorations Limited

Registered Number:11498665

For the year ended 31 August 2020

England and Wales

Unaudited Financial Statements

For the year ended 31 August 2020

Pegasus Traditional Restorations Limited

Contents Page

Statement of Financial Position

2 to 4

Notes to the Financial Statements

Registered Number :

11498665

As at 31 August 2020

Pegasus Traditional Restorations Limited

Statement of Financial Position

2019

2020

Notes

Fixed assets

Intangible assets

104,000

117,000

Property, plant and equipment

4,480

5,600

108,480

122,600

Current assets

Trade and other receivables

12,160

9,757

19,627

Cash and cash equivalents

9,757

31,787

Trade and other payables: amounts falling due within one

year

(23,058)

(18,821)

8,729

(9,064)

Net current liabilities

Total assets less current liabilities

99,416

131,329

Trade and other payables: amounts falling due after more

than one year

(119,500)

(134,800)

(35,384)

Net assets/liabilities

11,829

Capital and reserves

Called up share capital

Retained earnings

(35,385)

11,828

(35,384)

11,829

Shareholders' funds

For the year ended 31 August 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr. Jason Lee Worrall Director

These financial statements were approved and authorised for issue by the Board on 30 June 2021 and were signed by:

The notes form part of these financial statements

1 of 4

For the year ended 31 August 2020

Pegasus Traditional Restorations Limited

Notes to the Financial Statements

Statutory Information

Pegasus Traditional Restorations Limited is a private limited company, limited by shares, domiciled in England and

Wales, registration number 11498665.

Registered address:

White House Farm

Blakes Lane

Guarlford, Malvern

Worcestershire

WR13 6NZ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 September 2019

130,000

At 31 August 2020

130,000

Amortisation

At 01 September 2019

13,000

Charge for year

At 31 August 2020

26,000

Net book value

At 31 August 2020

104,000

At 31 August 2019

117,000

2 of 4

For the year ended 31 August 2020

Pegasus Traditional Restorations Limited

Notes to the Financial Statements Continued

3. Property, plant and equipment

Motor Vehicles

Cost or

valuation

At 01 September 2019

7,000

At 31 August 2020

7,000

Provision for depreciation and impairment

At 01 September 2019

1,400

Charge for year

1,120

At 31 August 2020

2,520

At 31 August 2020

Net book value

4,480

At 31 August 2019

5,600

4. Trade and other receivables

2019

2020

Trade debtors

700

12,160

Other debtors

9,057

12,160

9,757

5. Trade and other payables: amounts falling due within one year

2019

2020

Bank loans and overdraft

6,540

6,000

Trade creditors

3,632

Taxation and social security

6,876

6,634

Other creditors

1,773

10,424

18,821

23,058

6. Trade and other payables: amounts falling due after more than one year

2019

2020

Bank loans and overdraft

134,800

119,500

3 of 4

For the year ended 31 August 2020

Pegasus Traditional Restorations Limited

Notes to the Financial Statements Continued

7. Related party transactions

During the Accounting Period the company entered intop the following related party transactions:

Pegasus Joinery & Design Limited #12084986 Active company,

Pegasus Building Projects Limited #11110565 Active company ,

Pegasus Traditional Joinery Limited #08773945 dissolved 21/01/2020,

Pegasus Restorations Limited #09209431 dissolved 03/11/2020.

The above companies had Jason Worrall as a Director in common.

8. Directors advances and guarantees

Going Concern

The company's major debtor is the director, and hence the continuity of the business as a going concern is

dependent on the director's ability to repay her financial obligations to the company.

10. Average number of persons employed

During the year the average number of employees was 3 (2019 : 3)

4 of 4