Pegasus Waste Management Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03279206 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2016

for

Pegasus Waste Management Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr JW Merrylees

Mrs S J Norris

SECRETARY:

Mrs S J Norris

REGISTERED OFFICE:

Unit 4, The Alpha Centre

Armstrong Way

Yate

Bristol

BS37 5NG

REGISTERED NUMBER:

03279206 (England and Wales)

ACCOUNTANTS:

The P I Partnership

Suite 2

Bath Brewery

Tollbridge Road

Bath

Somerset

BA1 7DE

FIXED ASSETS

Tangible assets

4

457,903

445,858

CURRENT ASSETS

Stocks

10,800

9,550

Debtors

145,534

131,913

Prepayments and accrued income

21,756

-

Cash at bank and in hand

151,027

249,094

329,117

390,557

CREDITORS

Amounts falling due within one year

(78,680

)

(130,728

)

NET CURRENT ASSETS

250,437

259,829

TOTAL ASSETS LESS CURRENT LIABILITIES

708,340

705,687

PROVISIONS FOR LIABILITIES

(19,089

)

-

NET ASSETS

689,251

705,687

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

689,249

705,685

SHAREHOLDERS' FUNDS

689,251

705,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 July 2017 and were signed on its behalf by:

Mr JW Merrylees - Director

Mrs S J Norris - Director

1.	STATUTORY INFORMATION

Pegasus Waste Management Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2015

542,035

Additions

61,379

Disposals

(24,298

)

At 30 November 2016

579,116

DEPRECIATION

At 1 December 2015

96,177

Charge for year

25,036

At 30 November 2016

121,213

NET BOOK VALUE

At 30 November 2016

457,903

At 30 November 2015

445,858

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2016 and

30 November 2015:

30.11.16

30.11.15

£

£

Mr JW Merrylees

Balance outstanding at start of year

2,277

-

Amounts advanced

-

2,277

Amounts repaid

(2,277

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,277