Pegasus Traditional Joinery Limited,Ltd - AccountsLtd - Accounts

Pegasus Traditional Joinery Limited,Ltd - AccountsLtd - Accounts

PEGASUS TRADITIONAL JOINERY LIMITED - Company Information

Print Friendly Version

2016-12-01 08773945 2017-11-30 08773945 2016-12-01 2017-11-30 08773945 2016-11-30 08773945 2015-12-01 2016-11-30 08773945 uk-core:WithinOneYear 2016-11-30 08773945 uk-core:WithinOneYear 2017-11-30 08773945 uk-core:AfterOneYear 2016-11-30 08773945 uk-core:AfterOneYear 2017-11-30 08773945 uk-core:ShareCapital 2017-11-30 08773945 uk-core:ShareCapital 2016-11-30 08773945 uk-core:RetainedEarningsAccumulatedLosses 2017-11-30 08773945 uk-core:RetainedEarningsAccumulatedLosses 2016-11-30 08773945 uk-bus:Director1 2016-12-01 2017-11-30 08773945 uk-core:WithinOneYear 2017-11-30 08773945 uk-core:WithinOneYear 2016-11-30 iso4217:GBP 08773945 uk-bus:AuditExemptWithAccountantsReport 2016-12-01 2017-11-30 08773945 uk-bus:FRS102 2016-12-01 2017-11-30 08773945 uk-bus:FullAccounts 2016-12-01 2017-11-30 08773945 uk-bus:PrivateLimitedCompanyLtd 2016-12-01 2017-11-30
Pegasus Traditional Joinery Limited
Registered Number:08773945
For the year ended 30 November 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2017
Pegasus Traditional Joinery Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 November 2017
Pegasus Traditional Joinery Limited
Statement of Financial Position
Registered Number :
08773945
£
£
2016
2017
Notes
Current assets
Inventories
44,150
37,386
3
Trade and other receivables
48,227
56,222
4
86
Cash and cash equivalents
-
93,608
92,463
Trade and other payables: amounts falling due within one
year
(8,088)
(28,314)
5
84,375
65,294
Net current assets
Total assets less current liabilities
65,294
84,375
Trade and other payables: amounts falling due after more
than one year
(179,345)
(87,490)
6
(22,196)
Net liabilities
(94,970)
Capital and reserves
Called up share capital
2
2
Retained earnings
(22,198)
(94,972)
(22,196)
(94,970)
Shareholders' funds
For the year ended 30 November 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr. Peter Noel Harris Director
These financial statements were approved and authorised for issue by the Board on 13 April 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 November 2017
Pegasus Traditional Joinery Limited
Notes to the Financial Statements
Statutory Information
Pegasus Traditional Joinery Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 08773945.
Registered address:
C/O L&A Agency Services
42-44 Prospect Place
Bromley
Kent
BR2 9HN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention
as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Inventories
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 costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3. Inventories
2016
2017
£
£
Stocks
37,386
44,150
4. Trade and other receivables
2016
2017
£
£
Trade debtors
8,320
10,939
Amounts owed by group undertakings and participating interests
47,902
37,288
48,227
56,222
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
47,902
37,288
2 of 3
5
For the year ended 30 November 2017
Pegasus Traditional Joinery Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
13,527
-
Other creditors
14,787
8,088
28,314
8,088
6. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
87,490
179,345
7. Related party transactions
During the year the company entered into transactions with Pegasus Building Conservation Limited, Pegasus
Restorations Limited, Pegasus Building Renovations Limited, Hilbirio Properties Limited and Pegasus Building
Solutions Limited.
All companies have Mr Peter Noel Harris as director in common.
3 of 3