PEGASUS WAREHOUSING & FULFILMENT LTD

Registered number

09438566

Filleted Accounts

31 March 2025

PEGASUS WAREHOUSING & FULFILMENT LTD
Registered number:		09438566
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		141,690			188,394

Current assets
Debtors	4	423,669			512,985
Cash at bank and in hand		54,966			322,119
		478,635			835,104

Creditors: amounts falling due within one year	5	(776,991)			(782,797)

Net current (liabilities)/assets			(298,356)			52,307

Total assets less current liabilities			(156,666)			240,701

Creditors: amounts falling due after more than one year	6		-			(19,126)



Net (liabilities)/assets			(156,666)			221,575

Capital and reserves
Called up share capital			100			100
Profit and loss account			(156,766)			221,475

Shareholders' funds			(156,666)			221,575

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Andrew Taylor
Director
Approved by the board on 18 September 2025

PEGASUS WAREHOUSING & FULFILMENT LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			10% Straight Line
	Plant and machinery			25% Reducing Balance
	Equipment			25% Reducing Balance
	Fixtures, fittings, tools and equipment			10% Reducing balance
	Vehicles			25% Reducing Balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					49		42


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	25,600		99,729		120,395		245,724
	Additions	-		13,404		-		13,404
	Disposals	-		-		(31,705)		(31,705)
	At 31 March 2025	25,600		113,133		88,690		227,423

	Depreciation
	At 1 April 2024	6,511		21,158		29,661		57,330
	Charge for the year	2,831		20,103		5,469		28,403
	At 31 March 2025	9,342		41,261		35,130		85,733

	Net book value
	At 31 March 2025	16,258		71,872		53,560		141,690
	At 31 March 2024	19,089		78,571		90,734		188,394


4	Debtors					2025		2024
£							£

	Trade debtors					366,229		439,301
	Other debtors					57,440		73,684
						423,669		512,985


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					16,730		27,221
	Trade creditors					240,218		197,192
	Taxation and social security costs					191,493		289,420
	Provision for Liabilities					42,327		42,327
	Factorising					182,877		-
	Other creditors					103,346		226,637
						776,991		782,797


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Other creditors					-		19,126


7	Other information

	PEGASUS WAREHOUSING & FULFILMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Orme Business Centre
	Greenacres Road
	Lees
	Oldham
	OL4 3NS