Pegasus Glazing And Window Fixing Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05308690 (England and Wales)

PEGASUS GLAZING AND WINDOW FIXING

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2018

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

A N Davies

T E Davies

SECRETARY:

Mrs L Davies

REGISTERED OFFICE:

Broad House

The Broadway

Old Hatfield

Hertfordshire

AL9 5BG

REGISTERED NUMBER:

05308690 (England and Wales)

ACCOUNTANTS:

Keelings Limited

Chartered Tax Advisers and

Chartered Certified Accountants

Broad House

1 The Broadway

Old Hatfield

Herts

AL9 5BG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Pegasus Glazing And Window Fixing Limited for the year ended 30th April 2018 which comprise the Statement of

Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Pegasus Glazing And Window Fixing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pegasus Glazing And Window Fixing Limited and state those matters that we have agreed to state to the Board of Directors of Pegasus Glazing And Window Fixing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pegasus Glazing And Window Fixing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pegasus Glazing And Window Fixing Limited. You consider that Pegasus Glazing And Window Fixing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pegasus Glazing And Window Fixing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Keelings Limited

Chartered Tax Advisers and

Chartered Certified Accountants

Broad House

1 The Broadway

Old Hatfield

Herts

AL9 5BG

24th January 2019

FIXED ASSETS

Intangible assets

4

5,375

6,125

Tangible assets

5

5,399

7,198

10,774

13,323

CURRENT ASSETS

Stocks

927

1,121

Debtors

29,238

38,231

Cash at bank

23,100

17,122

53,265

56,474

CREDITORS

Amounts falling due within one year

47,981

48,288

NET CURRENT ASSETS

5,284

8,186

TOTAL ASSETS LESS CURRENT LIABILITIES

16,058

21,509

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

16,056

21,507

16,058

21,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2018 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 30th April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 24th January 2019 and were signed on its behalf by:

A N Davies - Director

1.	STATUTORY INFORMATION

Pegasus Glazing And Window Fixing 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 2005, 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

-

25% on reducing balance

Motor vehicles

-

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.

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 have been enacted or substantively

enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2017

and 30th April 2018

15,000

AMORTISATION

At 1st May 2017

8,875

Amortisation for year

750

At 30th April 2018

9,625

NET BOOK VALUE

At 30th April 2018

5,375

At 30th April 2017

6,125

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2017

and 30th April 2018

8,697

DEPRECIATION

At 1st May 2017

1,499

Charge for year

1,799

At 30th April 2018

3,298

NET BOOK VALUE

At 30th April 2018

5,399

At 30th April 2017

7,198