Pegasus Traditional Joinery Limited,Ltd - Accounts

Pegasus Traditional Joinery Limited,Ltd - Accounts

PEGASUS TRADITIONAL JOINERY LIMITED - Company Information

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2014-12-01 true false Private Limited Company 08773945 2015-11-30 08773945 2014-12-01 2015-11-30 08773945 2014-11-30 08773945 2013-11-13 2014-11-30 08773945 uk-bus:Director1 2014-12-01 2015-11-30 iso4217:GBP
Pegasus Traditional Joinery Limited
For the year ended 30 November 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08773945
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Contents Page
Pegasus Traditional Joinery Limited
For the year ended 30 November 2015
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Pegasus Traditional Joinery Limited
Accountants' Report
For the year ended 30 November 2015
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of Pegasus Traditional Joinery Limited for the year ended 30 November 2015 which comprise the
Profit and Loss Account, Statement of Recognised Gains and Losses, the Balance Sheet and the related
notes from the company's accounting records and from information and explanations you have given us.
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and
other professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Pegasus Traditional Joinery Limited, as a body, in
accordance with the terms of our engagement letter dated 16 July 2015. Our work has been undertaken solely
to prepare for your approval the accounts of Pegasus Traditional Joinery Limited and state those matters that
we have agreed to state to the Board of Directors of Pegasus Traditional Joinery Limited, as a body, in this
report in accordance with the requirements of the Association of Chartered Certified Accountants and as
detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept
or assume responsibility to anyone other than Pegasus Traditional Joinery Limited and its Board of Directors
as a body for our work or for this report.
It is your duty to ensure that Pegasus Traditional Joinery Limited has kept adequate accounting records and to
prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of
Pegasus Traditional Joinery Limited. You consider that Pegasus Traditional Joinery Limited is exempt from the
statutory audit requirement for the year.
Duffy Regan & Co
Chartered Certified Accountants
9, Malvern Road
Worcester
Worcestershire
WR2 4LE
11 November 2016
Dated:
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Abbreviated Balance Sheet
Pegasus Traditional Joinery Limited
As at 30 November 2015
08773945
Registered Number :
£
£
2015
Notes
2014
Current assets
Stocks
33,724
56,795
Debtors
2
41,761
27,615
Cash at bank and in hand
57
841
84,467
76,326
Creditors: amounts falling due within one year
(500)
(23,735)
75,826
60,732
Net current assets
Total assets less current liabilities
60,732
75,826
Creditors: amounts falling due after more than one year
(114,279)
(114,279)
(53,547)
Net liabilities
(38,453)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(53,549)
(38,455)
(53,547)
(38,453)
Shareholders funds
For the year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 19 October 2016
Mr. Peter Noel Harris Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Pegasus Traditional Joinery Limited
For the year ended 30 November 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stocks and work in progress
Work In Progress represents income pre year end not invoiced until post year end.
Debtors include an amount of £2369 (2014: £34864) falling due after more than one year
2 Debtors:
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