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 2021

for

Pegasus Staff Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

3,000

4,500

Tangible assets

5

5,949

7,932

8,949

12,432

CURRENT ASSETS

Debtors

6

646,297

817,490

Cash at bank

316,976

105,870

963,273

923,360

CREDITORS

Amounts falling due within one year

7

619,019

714,912

NET CURRENT ASSETS

344,254

208,448

TOTAL ASSETS LESS CURRENT LIABILITIES

353,203

220,880

CREDITORS

Amounts falling due after more than one year

8

(250,000

)

-

PROVISIONS FOR LIABILITIES

(1,130

)

-

NET ASSETS

102,073

220,880

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

102,071

220,878

SHAREHOLDERS' FUNDS

102,073

220,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 and authorised for issue on 24 February 2022 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 14 (2020 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

30,000

AMORTISATION

At 1 April 2020

25,500

Charge for year

1,500

At 31 March 2021

27,000

NET BOOK VALUE

At 31 March 2021

3,000

At 31 March 2020

4,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

49,592

DEPRECIATION

At 1 April 2020

41,660

Charge for year

1,983

At 31 March 2021

43,643

NET BOOK VALUE

At 31 March 2021

5,949

At 31 March 2020

7,932

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

637,632

816,951

Other debtors

8,665

539

646,297

817,490

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

3,607

12,968

Taxation and social security

120,621

126,140

Other creditors

494,791

575,804

619,019

714,912

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

250,000

-