Pegasus Staff Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04693784 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Pegasus Staff Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Colder

SECRETARY:

Midlands Secretarial Services Limited

REGISTERED OFFICE:

29C The Derwent Business Centre

Clark Street

Derby

DE1 2BU

REGISTERED NUMBER:

04693784 (England and Wales)

ACCOUNTANTS:

Hunter Jones Alton

36 Bridge Street

Belper

Derbyshire

DE56 1AX

FIXED ASSETS

Intangible assets

4

7,500

9,000

Tangible assets

5

13,578

15,284

21,078

24,284

CURRENT ASSETS

Debtors

6

676,706

607,577

Cash at bank

20,414

15,666

697,120

623,243

CREDITORS

Amounts falling due within one year

7

630,496

585,243

NET CURRENT ASSETS

66,624

38,000

TOTAL ASSETS LESS CURRENT LIABILITIES

87,702

62,284

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

87,700

62,282

SHAREHOLDERS' FUNDS

87,702

62,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 20 December 2018 and were signed by:

C Colder - Director

1.	STATUTORY INFORMATION

Pegasus Staff Services Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

30,000

AMORTISATION

At 1 April 2017

21,000

Charge for year

1,500

At 31 March 2018

22,500

NET BOOK VALUE

At 31 March 2018

7,500

At 31 March 2017

9,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

47,145

Additions

2,820

At 31 March 2018

49,965

DEPRECIATION

At 1 April 2017

31,861

Charge for year

4,526

At 31 March 2018

36,387

NET BOOK VALUE

At 31 March 2018

13,578

At 31 March 2017

15,284

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

676,706

607,577

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

4,382

8,691

Taxation and social security

49,938

52,077

Other creditors

576,176

524,475

630,496

585,243