Pegasus Computer Software Ltd,Ltd - AccountsLtd - Accounts

Pegasus Computer Software Ltd,Ltd - AccountsLtd - Accounts

PEGASUS COMPUTER SOFTWARE LTD. - Company Information

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2020-01-01 SC192302 2020-12-31 SC192302 2020-01-01 2020-12-31 SC192302 2019-12-31 SC192302 2019-01-01 2019-12-31 SC192302 uk-core:WithinOneYear 2019-12-31 SC192302 uk-core:WithinOneYear 2020-12-31 SC192302 uk-core:ShareCapital 2020-12-31 SC192302 uk-core:ShareCapital 2019-12-31 SC192302 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 SC192302 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 SC192302 uk-bus:Director1 2020-01-01 2020-12-31 SC192302 uk-core:PlantMachinery 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure SC192302 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 SC192302 uk-bus:FRS102 2020-01-01 2020-12-31 SC192302 uk-bus:FullAccounts 2020-01-01 2020-12-31 SC192302 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
Pegasus Computer Software Ltd
Registered Number:SC192302
For the year ended 31 December 2020
Scotland
Unaudited Financial Statements
2
For the year ended 31 December 2020
Pegasus Computer Software Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC192302
As at 31 December 2020
Pegasus Computer Software Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
-
1,119
2
-
1,119
Current assets
Trade and other receivables
4,214
-
3
11,884
Cash and cash equivalents
1,584
1,584
16,098
Trade and other payables: amounts falling due within one
year
(10,443)
(500)
4
5,655
1,084
Net current assets
Total assets less current liabilities
1,084
6,774
1,084
Net assets
6,774
Capital and reserves
Called up share capital
-
3
Retained earnings
1,084
6,771
1,084
6,774
Shareholders' funds
For the year ended 31 December 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 December 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.
Colin Johnston Director
These financial statements were approved and authorised for issue by the Board on 10 December 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2020
Pegasus Computer Software Ltd
Notes to the Financial Statements
Statutory Information
Pegasus Computer Software Ltd is a private limited company, limited by shares, domiciled in Scotland,
registration number SC192302.
Registered address:
6 Glen Isla Quadrant
Glen Noble
Cleland
Motherwell
ML1 5SR
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.
Revenue recognition
Turnover comprises the invoiced value of services supplied by the company, net of value added tax.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 January 2020
14,909
At 31 December 2020
14,909
Provision for depreciation and impairment
At 01 January 2020
13,790
Charge for year
1,119
At 31 December 2020
14,909
At 31 December 2020
Net book value
-
At 31 December 2019
1,119
2 of 3
5
For the year ended 31 December 2020
Pegasus Computer Software Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2019
2020
£
£
Other debtors
-
4,214
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Taxation and social security
-
9,468
Other creditors
500
975
500
10,443
5. Average number of persons employed
During the year the average number of employees was 1 (2019 : 1)
3 of 3