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REGISTERED NUMBER: 09800155 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pegasus Aviation & Marine Limited

Pegasus Aviation & Marine Limited (Registered number: 09800155)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pegasus Aviation & Marine Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss S V Dodsworth
Mr J D Fisher





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 09800155 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

Pegasus Aviation & Marine Limited (Registered number: 09800155)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 455 209

CURRENT ASSETS
Debtors 6 111,476 91,576
Cash at bank 5,369 3,708
116,845 95,284
CREDITORS
Amounts falling due within one year 7 117,132 95,431
NET CURRENT LIABILITIES (287 ) (147 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168

62

PROVISIONS FOR LIABILITIES 86 40
NET ASSETS 82 22

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 72 12
SHAREHOLDERS' FUNDS 82 22

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Aviation & Marine Limited (Registered number: 09800155)

Statement of Financial Position - continued
31 March 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 3 March 2025 and were signed on its behalf by:




Mr J D Fisher - Director



Miss S V Dodsworth - Director


Pegasus Aviation & Marine Limited (Registered number: 09800155)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Pegasus Aviation & Marine 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Pegasus Aviation & Marine Limited (Registered number: 09800155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 10,407
Additions 556
At 31 March 2024 10,963
DEPRECIATION
At 1 April 2023 10,198
Charge for year 310
At 31 March 2024 10,508
NET BOOK VALUE
At 31 March 2024 455
At 31 March 2023 209

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 27,333 86,236
Amounts owed by group undertakings 1,835 1,348
Other debtors 82,308 3,992
111,476 91,576

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 115,132 93,432
Other creditors 2,000 1,999
117,132 95,431

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 0.10 10 10

Pegasus Aviation & Marine Limited (Registered number: 09800155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. RESERVES
Retained
earnings
£   

At 1 April 2023 12
Profit for the year 231,160
Dividends (231,100 )
At 31 March 2024 72

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Miss S V Dodsworth and Mr J D Fisher
Balance outstanding at start of year 3,200 28,471
Amounts advanced 25,558 -
Amounts repaid (3,200 ) (25,271 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,558 3,200