Abbreviated Company Accounts - PEGASUS COMPUTER SOFTWARE LTD.

PEGASUS COMPUTER SOFTWARE LTD. - Company Information

Registered Number SC192302

PEGASUS COMPUTER SOFTWARE LTD.

Abbreviated Accounts

31 December 2015

PEGASUS COMPUTER SOFTWARE LTD. Registered Number SC192302

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,626	2,168
		1,626	2,168
Current assets
Cash at bank and in hand		26,418	29,625
		26,418	29,625
Creditors: amounts falling due within one year		(21,302)	(22,337)
Net current assets (liabilities)		5,116	7,288
Total assets less current liabilities		6,742	9,456
Total net assets (liabilities)		6,742	9,456
Capital and reserves
Called up share capital		3	3
Profit and loss account		6,739	9,453
Shareholders' funds		6,742	9,456

For the year ending 31 December 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 29 September 2016

And signed on their behalf by:
Colin Johnston, Director

PEGASUS COMPUTER SOFTWARE LTD. Registered Number SC192302

Notes to the Abbreviated Accounts for the period ended 31 December 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 January 2015.

Turnover policy
Turnover represents sales to external third parties at invoiced amounts excluding value added tax.

Tangible assets depreciation policy
Tangible fixed assets
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

2Tangible fixed assets

	£
Cost
At 1 January 2015	12,997
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	12,997
Depreciation
At 1 January 2015	10,829
Charge for the year	542
On disposals	-
At 31 December 2015	11,371
Net book values
At 31 December 2015	1,626
At 31 December 2014	2,168