PEGASUS STAFF SERVICES LIMITED

PEGASUS STAFF SERVICES LIMITED - Company Information

2022-04-012023-03-312023-03-31false04693784PEGASUS STAFF SERVICES LIMITED2024-03-2778200iso4217:GBPxbrli:pure046937842022-04-01046937842023-03-31046937842022-04-012023-03-31046937842021-04-01046937842022-03-31046937842021-04-012022-03-3104693784bus:SmallEntities2022-04-012023-03-3104693784bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3104693784bus:AbridgedAccounts2022-04-012023-03-3104693784bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104693784core:WithinOneYear2023-03-3104693784core:AfterOneYear2023-03-3104693784core:WithinOneYear2022-03-3104693784core:AfterOneYear2022-03-3104693784core:ShareCapital2023-03-3104693784core:SharePremium2023-03-3104693784core:RevaluationReserve2023-03-3104693784core:OtherReservesSubtotal2023-03-3104693784core:RetainedEarningsAccumulatedLosses2023-03-3104693784core:ShareCapital2022-03-3104693784core:SharePremium2022-03-3104693784core:RevaluationReserve2022-03-3104693784core:OtherReservesSubtotal2022-03-3104693784core:RetainedEarningsAccumulatedLosses2022-03-3104693784core:LandBuildings2023-03-3104693784core:PlantMachinery2023-03-3104693784core:Vehicles2023-03-3104693784core:FurnitureFittings2023-03-3104693784core:OfficeEquipment2023-03-3104693784core:NetGoodwill2023-03-3104693784core:IntangibleAssetsOtherThanGoodwill2023-03-3104693784core:ListedExchangeTraded2023-03-3104693784core:UnlistedNon-exchangeTraded2023-03-3104693784core:LandBuildings2022-03-3104693784core:PlantMachinery2022-03-3104693784core:Vehicles2022-03-3104693784core:FurnitureFittings2022-03-3104693784core:OfficeEquipment2022-03-3104693784core:NetGoodwill2022-03-3104693784core:IntangibleAssetsOtherThanGoodwill2022-03-3104693784core:ListedExchangeTraded2022-03-3104693784core:UnlistedNon-exchangeTraded2022-03-3104693784core:LandBuildings2022-04-012023-03-3104693784core:PlantMachinery2022-04-012023-03-3104693784core:Vehicles2022-04-012023-03-3104693784core:FurnitureFittings2022-04-012023-03-3104693784core:OfficeEquipment2022-04-012023-03-3104693784core:NetGoodwill2022-04-012023-03-3104693784core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104693784core:ListedExchangeTraded2022-04-012023-03-3104693784core:UnlistedNon-exchangeTraded2022-04-012023-03-3104693784core:MoreThanFiveYears2022-04-012023-03-3104693784core:Non-currentFinancialInstruments2023-03-3104693784core:Non-currentFinancialInstruments2022-03-3104693784dpl:CostSales2022-04-012023-03-3104693784dpl:DistributionCosts2022-04-012023-03-3104693784core:LandBuildings2022-04-012023-03-3104693784core:PlantMachinery2022-04-012023-03-3104693784core:Vehicles2022-04-012023-03-3104693784core:FurnitureFittings2022-04-012023-03-3104693784core:OfficeEquipment2022-04-012023-03-3104693784dpl:AdministrativeExpenses2022-04-012023-03-3104693784core:NetGoodwill2022-04-012023-03-3104693784core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104693784dpl:GroupUndertakings2022-04-012023-03-3104693784dpl:ParticipatingInterests2022-04-012023-03-3104693784dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104693784core:ListedExchangeTraded2022-04-012023-03-3104693784dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104693784core:UnlistedNon-exchangeTraded2022-04-012023-03-3104693784dpl:CostSales2021-04-012022-03-3104693784dpl:DistributionCosts2021-04-012022-03-3104693784core:LandBuildings2021-04-012022-03-3104693784core:PlantMachinery2021-04-012022-03-3104693784core:Vehicles2021-04-012022-03-3104693784core:FurnitureFittings2021-04-012022-03-3104693784core:OfficeEquipment2021-04-012022-03-3104693784dpl:AdministrativeExpenses2021-04-012022-03-3104693784core:NetGoodwill2021-04-012022-03-3104693784core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3104693784dpl:GroupUndertakings2021-04-012022-03-3104693784dpl:ParticipatingInterests2021-04-012022-03-3104693784dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3104693784core:ListedExchangeTraded2021-04-012022-03-3104693784dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3104693784core:UnlistedNon-exchangeTraded2021-04-012022-03-3104693784core:NetGoodwill2023-03-3104693784core:IntangibleAssetsOtherThanGoodwill2023-03-3104693784core:LandBuildings2023-03-3104693784core:PlantMachinery2023-03-3104693784core:Vehicles2023-03-3104693784core:FurnitureFittings2023-03-3104693784core:OfficeEquipment2023-03-3104693784core:AfterOneYear2023-03-3104693784core:WithinOneYear2023-03-3104693784core:ListedExchangeTraded2023-03-3104693784core:UnlistedNon-exchangeTraded2023-03-3104693784core:ShareCapital2023-03-3104693784core:SharePremium2023-03-3104693784core:RevaluationReserve2023-03-3104693784core:OtherReservesSubtotal2023-03-3104693784core:RetainedEarningsAccumulatedLosses2023-03-3104693784core:NetGoodwill2022-03-3104693784core:IntangibleAssetsOtherThanGoodwill2022-03-3104693784core:LandBuildings2022-03-3104693784core:PlantMachinery2022-03-3104693784core:Vehicles2022-03-3104693784core:FurnitureFittings2022-03-3104693784core:OfficeEquipment2022-03-3104693784core:AfterOneYear2022-03-3104693784core:WithinOneYear2022-03-3104693784core:L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Registered Number
04693784
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

PEGASUS STAFF SERVICES LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Director	COLDER, Christopher


Company Secretary	MIDLANDS SECRETARIAL SERVICES LIMITED


Registered Address	29c The Derwent Business Centre
	Clarke Street
	Derby
	DE1 2BU


Registered Number	04693784 (England and Wales)

PEGASUS STAFF SERVICES LIMITED

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Intangible assets	3		-		1,500
Tangible assets	4		5,349		7,132
			5,349		8,632
Current assets
Debtors		447,916		607,198
Cash at bank and on hand		93,583		285,583
		541,499		892,781
Creditors amounts falling due within one year	6	(469,603)		(663,750)
Net current assets (liabilities)			71,896		229,031
Total assets less current liabilities			77,245		237,663
Creditors amounts falling due after one year	7		(67,803)		(223,967)
Provisions for liabilities			(1,016)		(1,640)
Net assets			8,426		12,056
Capital and reserves
Called up share capital			2		2
Profit and loss account			8,424		12,054
Shareholders' funds			8,426		12,056

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 27 March 2024, and are signed on its behalf by:

COLDER, Christopher
Director
Registered Company No. 04693784

PEGASUS STAFF SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	25
	Office Equipment	25

2.	Average number of employees


		2023		2022
	Average number of employees during the year	15		15

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 22	30,000
	At 31 March 23	30,000
	Amortisation and impairment
	At 01 April 22	28,500
	Charge for year	1,500
	At 31 March 23	30,000
	Net book value
	At 31 March 23	-
	At 31 March 22	1,500

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 22	53,153
	At 31 March 23	53,153
	Depreciation and impairment
	At 01 April 22	46,021
	Charge for year	1,783
	At 31 March 23	47,804
	Net book value
	At 31 March 23	5,349
	At 31 March 22	7,132

5.	Debtors: amounts due within one year

	2023	2022
	£	£
Trade debtors / trade receivables	440,162	602,541
Other debtors	7,754	4,657
Total	447,916	607,198

6.	Creditors: amounts due within one year

	2023	2022
	£	£
Trade creditors / trade payables	25,838	12,665
Taxation and social security	62,909	88,319
Other creditors	380,856	562,766
Total	469,603	663,750

7.	Creditors: amounts due after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	67,803	223,967
Total	67,803	223,967