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REGISTERED NUMBER: 10722150 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 December 2021

for

Pegasus Tuition Ltd

Pegasus Tuition Ltd (Registered number: 10722150)






Contents of the Financial Statements
For The Year Ended 31 December 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Pegasus Tuition Ltd

Company Information
For The Year Ended 31 December 2021







DIRECTOR: Mrs Z E R Proctor





REGISTERED OFFICE: Unit 5, ABS Business Park
Viaduct Street
Stanningley
Pudsey
LS28 6AU





REGISTERED NUMBER: 10722150 (England and Wales)





ACCOUNTANTS: Bushells
6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED

Pegasus Tuition Ltd (Registered number: 10722150)

Abridged Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 499 333

CURRENT ASSETS
Debtors 352 1,542
Cash at bank 34,464 33,700
34,816 35,242
CREDITORS
Amounts falling due within one year 10,009 15,804
NET CURRENT ASSETS 24,807 19,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,306

19,771

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,304 19,769
25,306 19,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Pegasus Tuition Ltd (Registered number: 10722150)

Abridged Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 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 director and authorised for issue on 31 August 2022 and were signed by:





Mrs Z E R Proctor - Director


Pegasus Tuition Ltd (Registered number: 10722150)

Notes to the Financial Statements
For The Year Ended 31 December 2021

1. STATUTORY INFORMATION

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

Turnover
Turnover represents amounts receivable for services performed in the period, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pegasus Tuition Ltd (Registered number: 10722150)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Government grants
Capital grants and other contributions received towards the cost of tangible fixed assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset. Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate. Revenue grants which do not relate to specific expenditure are recognised on receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021 500
Additions 499
At 31 December 2021 999
DEPRECIATION
At 1 January 2021 167
Charge for year 333
At 31 December 2021 500
NET BOOK VALUE
At 31 December 2021 499
At 31 December 2020 333

5. OTHER FINANCIAL COMMITMENTS

At 31 December 2021 the company has outstanding commitments under operating leases of £44,980 (2020 - £49,500).