Abbreviated Company Accounts - PEGASUS SYSTEMS (RAIL) LIMITED

PEGASUS SYSTEMS (RAIL) LIMITED - Company Information

07163876 PEGASUS SYSTEMS (RAIL) LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 07163876 2014-08-01 2015-07-31 07163876 2015-07-31 07163876 2014-07-31 07163876 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 07163876 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 07163876

PEGASUS SYSTEMS (RAIL) LIMITED

Abbreviated Accounts

31 July 2015

PEGASUS SYSTEMS (RAIL) LIMITED Registered Number 07163876

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	22,559	26,153
		22,559	26,153
Current assets
Debtors		60,453	11,109
Cash at bank and in hand		38,124	8,809
		98,577	19,918
Creditors: amounts falling due within one year		(66,863)	(23,700)
Net current assets (liabilities)		31,714	(3,782)
Total assets less current liabilities		54,273	22,371
Total net assets (liabilities)		54,273	22,371
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		54,271	22,369
Shareholders' funds		54,273	22,371

For the year ending 31 July 2015 the company was entitled to exemption 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 directors acknowledge 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.

Approved by the Board on 27 April 2016

And signed on their behalf by:
Junior Max Johnson, Director

PEGASUS SYSTEMS (RAIL) LIMITED Registered Number 07163876

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities. The revenue is recognised for the services as the services are performed.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follow:
Leasehold properties – Straight line over the life of the lease

Other accounting policies
Going Concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances.

2Tangible fixed assets

	£
Cost
At 1 August 2014	35,937
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	35,937
Depreciation
At 1 August 2014	9,784
Charge for the year	3,594
On disposals	-
At 31 July 2015	13,378
Net book values
At 31 July 2015	22,559
At 31 July 2014	26,153

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2