Company Registration No. 08962243 (England and Wales)
Pegasus Lift Truck Training Ltd
Unaudited accounts
for the year ended 31 May 2023
Pegasus Lift Truck Training Ltd
Unaudited accounts
Contents
Pegasus Lift Truck Training Ltd
Company Information
for the year ended 31 May 2023
Directors
Giuseppe Girardi
Dawn Girardi
Company Number
08962243 (England and Wales)
Registered Office
15 MALLARD CLOSE
HIGHAM FERRERS
RUSHDEN
NN10 8JG
ENGLAND
Accountants
Kate Brown
The Annexe, Rectory Farm
Cranford Road
Great Addington, Kettering
Northants
NN14 4BQ
Pegasus Lift Truck Training Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
3,397
4,871
Cash at bank and in hand
127,414
119,942
Creditors: amounts falling due within one year
(25,591)
(55,459)
Net current assets
153,268
117,339
Net assets
156,665
122,210
Called up share capital
100
100
Profit and loss account
156,565
122,110
Shareholders' funds
156,665
122,210
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by
Dawn Girardi
Director
Company Registration No. 08962243
Pegasus Lift Truck Training Ltd
Notes to the Accounts
for the year ended 31 May 2023
Pegasus Lift Truck Training Ltd is a private company, limited by shares, registered in England and Wales, registration number 08962243. The registered office is 15 MALLARD CLOSE, HIGHAM FERRERS, RUSHDEN, NN10 8JG, ENGLAND.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33% reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pegasus Lift Truck Training Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
9,877
2,219
12,096
At 31 May 2023
9,877
2,219
12,096
At 1 June 2022
5,750
1,475
7,225
Charge for the year
1,362
112
1,474
At 31 May 2023
7,112
1,587
8,699
At 31 May 2023
2,765
632
3,397
At 31 May 2022
4,127
744
4,871
Amounts falling due within one year
Trade debtors
51,445
52,856
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,054
31,337
Taxes and social security
25,899
23,943
Loans from directors
331
246
7
Average number of employees
During the year the average number of employees was 4 (2022: 3).