Abbreviated Company Accounts - PEGASUS GLAZING AND WINDOW FIXING LIMITED

PEGASUS GLAZING AND WINDOW FIXING LIMITED - Company Information

05308690 PEGASUS GLAZING AND WINDOW FIXING LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 05308690 2015-05-01 2016-04-30 05308690 2016-04-30 05308690 2015-04-30 05308690 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 05308690 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 05308690

PEGASUS GLAZING AND WINDOW FIXING LIMITED

Abbreviated Accounts

30 April 2016

PEGASUS GLAZING AND WINDOW FIXING LIMITED Registered Number 05308690

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	6,875	7,625
Tangible assets	3	3,135	4,181
		10,010	11,806
Current assets
Stocks		2,701	2,750
Debtors		33,240	59,812
		35,941	62,562
Creditors: amounts falling due within one year		(39,209)	(46,206)
Net current assets (liabilities)		(3,268)	16,356
Total assets less current liabilities		6,742	28,162
Total net assets (liabilities)		6,742	28,162
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		6,740	28,160
Shareholders' funds		6,742	28,162

For the year ending 30 April 2016 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 25 January 2017

And signed on their behalf by:
A N Davies, Director

PEGASUS GLAZING AND WINDOW FIXING LIMITED Registered Number 05308690

Notes to the Abbreviated Accounts for the period ended 30 April 2016

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
Represents the net value of goods sold and services supplied, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 25% on reducing balance
Motor Vehicles - 25% on reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of 20 years.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

2Intangible fixed assets

	£
Cost
At 1 May 2015	15,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	15,000
Amortisation
At 1 May 2015	7,375
Charge for the year	750
On disposals	-
At 30 April 2016	8,125
Net book values
At 30 April 2016	6,875
At 30 April 2015	7,625

3Tangible fixed assets

	£
Cost
At 1 May 2015	9,780
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	9,780
Depreciation
At 1 May 2015	5,599
Charge for the year	1,046
On disposals	-
At 30 April 2016	6,645
Net book values
At 30 April 2016	3,135
At 30 April 2015	4,181

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2