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REGISTERED NUMBER: 09555011 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Pegasus Support Services Limited

Pegasus Support Services Limited (Registered number: 09555011)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pegasus Support Services Limited

Company Information
for the Year Ended 31 October 2022







DIRECTOR: G Middleton





REGISTERED OFFICE: Swan House
9 Queens Road
Brentwood
Essex
CM14 4HE





REGISTERED NUMBER: 09555011 (England and Wales)





ACCOUNTANTS: Tiffin Green
Swan House
9 Queens Road
Brentwood
Essex
CM14 4HE

Pegasus Support Services Limited (Registered number: 09555011)

Statement of Financial Position
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,388 19,828

CURRENT ASSETS
Debtors 5 84,790 112,292
Cash at bank 1,699 4,463
86,489 116,755
CREDITORS
Amounts falling due within one year 6 205,900 157,431
NET CURRENT LIABILITIES (119,411 ) (40,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(101,023

)

(20,848

)

CREDITORS
Amounts falling due after more than one
year

7

(31,226

)

(41,913

)

PROVISIONS FOR LIABILITIES (2,247 ) -
NET LIABILITIES (134,496 ) (62,761 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (134,498 ) (62,763 )
(134,496 ) (62,761 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

Pegasus Support Services Limited (Registered number: 09555011)

Statement of Financial Position - continued
31 October 2022


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

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 18 January 2024 and were signed by:





G Middleton - Director


Pegasus Support Services Limited (Registered number: 09555011)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Pegasus Support 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
Although the company has a deficit of assets over liabilities, the director will continue to support the business and considers the business to be a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Pegasus Support Services Limited (Registered number: 09555011)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2021 - 51 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021 41,281
Additions 16,657
Disposals (27,601 )
At 31 October 2022 30,337
DEPRECIATION
At 1 November 2021 21,453
Charge for year 6,129
Eliminated on disposal (15,633 )
At 31 October 2022 11,949
NET BOOK VALUE
At 31 October 2022 18,388
At 31 October 2021 19,828

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 41,917 68,360
Other debtors 42,873 43,932
84,790 112,292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 7,000 7,000
Hire purchase contracts 4,653 3,376
Trade creditors 28,956 18,630
Taxation and social security 97,806 73,093
Other creditors 67,485 55,332
205,900 157,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans 21,756 28,172
Hire purchase contracts 9,470 13,741
31,226 41,913

Pegasus Support Services Limited (Registered number: 09555011)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22 31.10.21
£    £   
G Middleton
Balance outstanding at start of year 33,156 43,396
Amounts advanced 22,017 6,700
Amounts repaid (23,076 ) (16,940 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,097 33,156