IRIS Accounts Production v24.3.0.553 11194540 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111945402023-02-28111945402024-02-29111945402023-03-012024-02-29111945402022-02-28111945402022-03-012023-02-28111945402023-02-2811194540ns15:EnglandWales2023-03-012024-02-2911194540ns14:PoundSterling2023-03-012024-02-2911194540ns10:Director12023-03-012024-02-2911194540ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911194540ns10:SmallEntities2023-03-012024-02-2911194540ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911194540ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911194540ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911194540ns10:FullAccounts2023-03-012024-02-2911194540ns10:Director22023-03-012024-02-2911194540ns10:Director32023-03-012024-02-2911194540ns10:CompanySecretary12023-03-012024-02-2911194540ns10:RegisteredOffice2023-03-012024-02-2911194540ns5:CurrentFinancialInstruments2024-02-2911194540ns5:CurrentFinancialInstruments2023-02-2811194540ns5:Non-currentFinancialInstruments2024-02-2911194540ns5:Non-currentFinancialInstruments2023-02-2811194540ns5:ShareCapital2024-02-2911194540ns5:ShareCapital2023-02-2811194540ns5:RetainedEarningsAccumulatedLosses2024-02-2911194540ns5:RetainedEarningsAccumulatedLosses2023-02-2811194540ns5:PlantMachinery2023-02-2811194540ns5:PlantMachinery2023-03-012024-02-2911194540ns5:PlantMachinery2024-02-2911194540ns5:PlantMachinery2023-02-2811194540ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2911194540ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 11194540 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Pegasus Marine (East Anglia) Limited

Pegasus Marine (East Anglia) Limited (Registered number: 11194540)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pegasus Marine (East Anglia) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D Greeves
D G Ross
C Furdui





SECRETARY:





REGISTERED OFFICE: The Bircham Centre
The Market Place
Reepham
Norwich
NR10 4JJ





REGISTERED NUMBER: 11194540 (England and Wales)





ACCOUNTANTS: Boldero & Co.
The Bircham Centre
The Market Place
Reepham
Norwich
Norfolk
NR10 4JJ

Pegasus Marine (East Anglia) Limited (Registered number: 11194540)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,201 2,935

CURRENT ASSETS
Debtors 5 616 427
Cash in hand 76 2,008
692 2,435
CREDITORS
Amounts falling due within one year 6 10,934 15,528
NET CURRENT LIABILITIES (10,242 ) (13,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,041

)

(10,158

)

CREDITORS
Amounts falling due after more than one
year

7

12,776

16,356
NET LIABILITIES (20,817 ) (26,514 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,917 ) (26,614 )
(20,817 ) (26,514 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Marine (East Anglia) Limited (Registered number: 11194540)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





D Greeves - Director


Pegasus Marine (East Anglia) Limited (Registered number: 11194540)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Pegasus Marine (East Anglia) 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.

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

Taxation
Taxation for the year 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Pegasus Marine (East Anglia) Limited (Registered number: 11194540)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 6,686
DEPRECIATION
At 1 March 2023 3,751
Charge for year 734
At 29 February 2024 4,485
NET BOOK VALUE
At 29 February 2024 2,201
At 28 February 2023 2,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 616 427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 884 149
Taxation and social security 540 6,229
Other creditors 9,510 9,150
10,934 15,528

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 12,776 16,356