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REGISTERED NUMBER: 12773295 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2021 to 29 July 2022

for

Pegasus Catering Birmingham Ltd

Pegasus Catering Birmingham Ltd (Registered number: 12773295)






Contents of the Financial Statements
for the Period 1 August 2021 to 29 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pegasus Catering Birmingham Ltd

Company Information
for the Period 1 August 2021 to 29 July 2022







DIRECTOR: M S Kalyan





REGISTERED OFFICE: 41, South Street
Palfrey
Walsall
West Midlands
WS1 4HE





REGISTERED NUMBER: 12773295 (England and Wales)





ACCOUNTANTS: Sohals Accountants Limited
16 Binley Road
Coventry
West Midlands
CV3 1HZ

Pegasus Catering Birmingham Ltd (Registered number: 12773295)

Balance Sheet
29 July 2022

29.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,000 31,500
Tangible assets 5 179,023 38,464
207,023 69,964

CURRENT ASSETS
Stocks 2,695 1,936
Debtors 6 30,000 5,624
Prepayments and accrued income 798 629
Cash at bank and in hand 3,883 47,724
37,376 55,913
CREDITORS
Amounts falling due within one year 7 163,509 45,701
NET CURRENT (LIABILITIES)/ASSETS (126,133 ) 10,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,890

80,176

CREDITORS
Amounts falling due after more than
one year

8

(65,557

)

-

PROVISIONS FOR LIABILITIES (7,308 ) (7,308 )
NET ASSETS 8,025 72,868

Pegasus Catering Birmingham Ltd (Registered number: 12773295)

Balance Sheet - continued
29 July 2022

29.7.22 31.7.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8,023 72,866
SHAREHOLDERS' FUNDS 8,025 72,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 July 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 April 2024 and were signed by:





M S Kalyan - Director


Pegasus Catering Birmingham Ltd (Registered number: 12773295)

Notes to the Financial Statements
for the Period 1 August 2021 to 29 July 2022

1. STATUTORY INFORMATION

Pegasus Catering Birmingham 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.

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.

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 2020, is being amortised evenly over its estimated useful life of ten 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.

Lease are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period 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.


Pegasus Catering Birmingham Ltd (Registered number: 12773295)

Notes to the Financial Statements - continued
for the Period 1 August 2021 to 29 July 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2021
and 29 July 2022 25,000 10,000 35,000
AMORTISATION
At 1 August 2021 2,500 1,000 3,500
Charge for period 2,500 1,000 3,500
At 29 July 2022 5,000 2,000 7,000
NET BOOK VALUE
At 29 July 2022 20,000 8,000 28,000
At 31 July 2021 22,500 9,000 31,500

Pegasus Catering Birmingham Ltd (Registered number: 12773295)

Notes to the Financial Statements - continued
for the Period 1 August 2021 to 29 July 2022

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2021 - 46,133 46,133
Additions 32,143 142,127 174,270
At 29 July 2022 32,143 188,260 220,403
DEPRECIATION
At 1 August 2021 - 7,669 7,669
Charge for period 4,822 28,889 33,711
At 29 July 2022 4,822 36,558 41,380
NET BOOK VALUE
At 29 July 2022 27,321 151,702 179,023
At 31 July 2021 - 38,464 38,464

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.22 31.7.21
£    £   
Amounts owed by associates 30,000 -
Other debtors - 5,624
30,000 5,624

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.22 31.7.21
£    £   
Hire purchase contracts 46,275 -
Trade creditors 34,015 -
Amounts owed to associates 39,517 -
Taxation and social security 2,611 23,349
Other creditors 41,091 22,352
163,509 45,701

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.7.22 31.7.21
£    £   
Hire purchase contracts 65,557 -