PEGASUS HYDRAULICS LIMITED

Unaudited Financial Statements

for the Year Ended 31st January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Prescott

Ms G Bradshaw

SECRETARY:

P Prescott

REGISTERED OFFICE:

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

REGISTERED NUMBER:

05239367 (England and Wales)

FIXED ASSETS

Tangible assets

4

11,043

12,046

CURRENT ASSETS

Stocks

160,514

158,499

Debtors

5

705,748

646,584

Cash at bank and in hand

871,278

915,588

1,737,540

1,720,671

CREDITORS

Amounts falling due within one year

6

926,660

896,688

NET CURRENT ASSETS

810,880

823,983

TOTAL ASSETS LESS CURRENT LIABILITIES

821,923

836,029

CREDITORS

Amounts falling due after more than one year

7

17,129

83,548

NET ASSETS

804,794

752,481

CAPITAL AND RESERVES

Called up share capital

109

109

Capital redemption reserve

91

91

Retained earnings

804,594

752,281

SHAREHOLDERS' FUNDS

804,794

752,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

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 31st October 2025 and were signed on its behalf by:

P Prescott - Director

1.	STATUTORY INFORMATION

Pegasus Hydraulics 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

- The useful economic lives and residual values of tangible fixed assets.

- The value of closing stock.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st February 2024

13,369

19,543

9,750

53,641

96,303

Additions

-

591

-

2,427

3,018

At 31st January 2025

13,369

20,134

9,750

56,068

99,321

DEPRECIATION

At 1st February 2024

12,306

16,219

2,438

53,294

84,257

Charge for year

266

979

1,830

946

4,021

At 31st January 2025

12,572

17,198

4,268

54,240

88,278

NET BOOK VALUE

At 31st January 2025

797

2,936

5,482

1,828

11,043

At 31st January 2024

1,063

3,324

7,312

347

12,046

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

609,295

546,431

Other debtors

96,453

100,153

705,748

646,584

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

519,639

493,782

Taxation and social security

334,296

334,862

Other creditors

72,725

68,044

926,660

896,688

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

17,129

83,548

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2025 and 31st January 2024:

2025

2024

£

£

P Prescott

Balance outstanding at start of year

74,899

68,451

Amounts advanced

85,917

74,899

Amounts repaid

(88,119

)

(68,451

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

72,697

74,899

The above loan is interest free and repayable on demand.