Company Registration No. 07031253 (England and Wales)
PEGASUS WELDING SERVICES LIMITED
Unaudited accounts
for the year ended 30 September 2023
PEGASUS WELDING SERVICES LIMITED
Unaudited accounts
Contents
PEGASUS WELDING SERVICES LIMITED
Company Information
for the year ended 30 September 2023
Company Number
07031253 (England and Wales)
Registered Office
4 Walbury Close
Lincoln
LN5 9TN
United Kingdom
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
PEGASUS WELDING SERVICES LIMITED
Statement of financial position
as at 30 September 2023
Tangible assets
11,187
7,713
Cash at bank and in hand
91,358
46,768
Creditors: amounts falling due within one year
(16,675)
(10,042)
Net current assets
78,528
50,299
Total assets less current liabilities
89,715
58,012
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
87,578
56,535
Shareholders' funds
88,578
57,535
For the year ending 30 September 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2024 and were signed on its behalf by
Gary Durant
Director
Company Registration No. 07031253
PEGASUS WELDING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2023
PEGASUS WELDING SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07031253. The registered office is 4 Walbury Close, Lincoln, LN5 9TN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
PEGASUS WELDING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2022
5,692
6,212
-
770
12,674
Additions
1,700
-
4,250
1,250
7,200
At 30 September 2023
7,392
6,212
4,250
2,020
19,874
At 1 October 2022
1,838
2,717
-
406
4,961
Charge for the year
1,388
873
1,062
403
3,726
At 30 September 2023
3,226
3,590
1,062
809
8,687
At 30 September 2023
4,166
2,622
3,188
1,211
11,187
At 30 September 2022
3,854
3,495
-
364
7,713
Amounts falling due within one year
Trade debtors
3,845
13,573
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,088
1,907
Taxes and social security
6,725
2,064
Loans from directors
4,987
2,300
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Operating lease commitments
2023
2022
At 30 September 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
9,000
Later than one year and not later than five years
-
27,000
PEGASUS WELDING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2023
Mr G Durant holds 100% of the ordinary voting shares of the company
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).