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REGISTERED NUMBER: 04032929 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Pegasus Industrial Services Limited

Pegasus Industrial Services Limited (Registered number: 04032929)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pegasus Industrial Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G Rawle





SECRETARY: Miss M Allen





REGISTERED OFFICE: Unit 8, First Avenue
Pensnett Trading Estate
Kingswinford
DY6 7TG





REGISTERED NUMBER: 04032929 (England and Wales)





ACCOUNTANTS: Briants Chartered Accountants
Maritime House
Discovery Quay
Falmouth
Cornwall
TR11 3XA

Pegasus Industrial Services Limited (Registered number: 04032929)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 292,313 224,718
292,313 224,718

CURRENT ASSETS
Stocks 185,000 170,000
Debtors 6 348,529 282,475
Cash at bank and in hand 68,242 154,273
601,771 606,748
CREDITORS
Amounts falling due within one year 7 770,918 576,736
NET CURRENT (LIABILITIES)/ASSETS (169,147 ) 30,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,166

254,730

CREDITORS
Amounts falling due after more than one
year

8

(4,140

)

(73,887

)

PROVISIONS FOR LIABILITIES (55,539 ) (44,604 )
NET ASSETS 63,487 136,239

Pegasus Industrial Services Limited (Registered number: 04032929)

Balance Sheet - continued
31 August 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 63,483 136,235
SHAREHOLDERS' FUNDS 63,487 136,239

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 27 May 2025 and were signed by:





G Rawle - Director


Pegasus Industrial Services Limited (Registered number: 04032929)

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

1. STATUTORY INFORMATION

Pegasus Industrial Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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 - 25% on reducing balance

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 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 Industrial Services Limited (Registered number: 04032929)

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

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 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.

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 year was 14 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 6,236
AMORTISATION
At 1 September 2023
and 31 August 2024 6,236
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Pegasus Industrial Services Limited (Registered number: 04032929)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 732,436
Additions 159,394
Disposals (21,930 )
At 31 August 2024 869,900
DEPRECIATION
At 1 September 2023 507,718
Charge for year 75,901
Eliminated on disposal (6,032 )
At 31 August 2024 577,587
NET BOOK VALUE
At 31 August 2024 292,313
At 31 August 2023 224,718

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 174,861 105,867
Other debtors 173,668 176,608
348,529 282,475

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 47,739 91,439
Hire purchase contracts 31,361 31,361
Trade creditors 501,819 308,745
Taxation and social security 72,994 139,016
Other creditors 117,005 6,175
770,918 576,736

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,140 73,887

Pegasus Industrial Services Limited (Registered number: 04032929)

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

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.