Pegasus Site Support Ltd - Period Ending 2023-03-31

Pegasus Site Support Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 3

Pegasus Site Support Ltd

(Registration number: 08110050)
Balance Sheet as at 31 March 2023

	Note	2023 £		2022 £
Fixed assets
Tangible assets	4		2,274		1,471
Current assets
Debtors	5	357,469		272,844
Cash at bank and in hand		7,020		9,639
		364,489		282,483
Creditors: Amounts falling due within one year	6	(359,920)		(262,473)
Net current assets			4,569		20,010
Net assets			6,843		21,481
Capital and reserves
Called up share capital		100		100
Profit and loss account		6,743		21,381
Total equity			6,843		21,481

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 6 December 2023 and signed on its behalf by:
 

......................................... Mr R.L. Chessman Director

Pegasus Site Support Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Fusion Court
Garforth
Leeds
LS25 2GH
United Kingdom

These financial statements were authorised for issue by the Board on 6 December 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% - 33% Straight line

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Pegasus Site Support Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2023

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2022	17,961	17,961
Additions	2,000	2,000
Disposals	(14,756)	(14,756)
At 31 March 2023	5,205	5,205
Depreciation
At 1 April 2022	16,490	16,490
Charge for the year	1,197	1,197
Eliminated on disposal	(14,756)	(14,756)
At 31 March 2023	2,931	2,931
Carrying amount
At 31 March 2023	2,274	2,274
At 31 March 2022	1,471	1,471

5

Debtors

Current	2023 £	2022 £
Trade debtors	89,997	133,370
Amounts owed by related parties	228,692	64,949
Other debtors	38,780	74,525
	357,469	272,844

6

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Trade creditors	327,488	229,375
Taxation and social security	30,719	32,130
Other creditors	1,713	968
	359,920	262,473