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REGISTERED NUMBER: 10120637 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Pegasus Imports & Exports Limited

Pegasus Imports & Exports Limited (Registered number: 10120637)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pegasus Imports & Exports Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr K Tassopoulos





REGISTERED OFFICE: Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR





REGISTERED NUMBER: 10120637 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Pegasus Imports & Exports Limited (Registered number: 10120637)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Stocks - 100
Debtors 4 160 487
Cash at bank and in hand 91 1,566
251 2,153
CREDITORS
Amounts falling due within one year 5 45,769 45,085
NET CURRENT LIABILITIES (45,518 ) (42,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,518

)

(42,932

)

CAPITAL AND RESERVES
Called up share capital 6 500 500
Retained earnings (46,018 ) (43,432 )
SHAREHOLDERS' FUNDS (45,518 ) (42,932 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Imports & Exports Limited (Registered number: 10120637)

Balance Sheet - continued
30 April 2024


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 30 September 2024 and were signed by:





Mr K Tassopoulos - Director


Pegasus Imports & Exports Limited (Registered number: 10120637)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Pegasus Imports & Exports 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.

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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 401
VAT 160 86
160 487

Pegasus Imports & Exports Limited (Registered number: 10120637)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Directors' loan accounts 44,609 44,232
Accrued expenses 1,160 853
45,769 45,085

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
500 Ordinary £1 500 500

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K Tassopoulos.