Pegasus Fire & Security Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08315580

Pegasus Fire & Security Ltd

Filleted Unaudited Financial Statements

28 February 2025

Pegasus Fire & Security Ltd

Directors' Report

Year ended 28 February 2025

The directors present their report and the unaudited financial statements of the company for the year ended 28 February 2025 .

Directors

The directors who served the company during the year were as follows:

Mr M Graham
Mr I W Walker
Mr R K Adams
Mr M R Adams

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 10 November 2025 and signed on behalf of the board by:

Mr M Graham	Mr R K Adams
Director	Director

Mr M R Adams
Director

Registered office:

Suite 1

Third Floor

Churchill House

Regent Road

Stoke-on-Trent

England

ST1 3JJ

Pegasus Fire & Security Ltd

Statement of Financial Position

28 February 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	–	3,667

Current assets

Debtors	7	147,627	173,934
Cash at bank and in hand		44	531
		---------	---------
		147,671	174,465

Creditors: amounts falling due within one year	8	40,137	95,613
		---------	---------
Net current assets		107,534	78,852
		---------	--------
Total assets less current liabilities		107,534	82,519

Creditors: amounts falling due after more than one year
Bank loans and overdrafts	2,000	12,225

Provisions

Taxation including deferred tax	–	697
	---------	--------
Net assets	105,534	69,597
	---------	--------

Pegasus Fire & Security Ltd

Statement of Financial Position (continued)

28 February 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	105,532	69,595
	---------	--------
Shareholders funds	105,534	69,597
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 10 November 2025 , and are signed on behalf of the board by:

Mr M Graham	Mr R K Adams
Director	Director

Mr M R Adams
Director

Company registration number: 08315580

Pegasus Fire & Security Ltd

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, Third Floor, Churchill House, Regent Road, Stoke-on-Trent, ST1 3JJ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance
Equipment	-	33% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Dividends

A dividend of £100,000 was declared and paid to the holding company after the year end.

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 March 2024	7,149	759	6,980	14,888
Disposals	( 7,149)	( 759)	( 6,980)	( 14,888)
	-------	----	-------	--------
At 28 February 2025	–	–	–	–
	-------	----	-------	--------
Depreciation
At 1 March 2024	4,093	599	19,288	23,980
Disposals	( 4,093)	( 599)	( 19,288)	( 23,980)
	-------	----	--------	--------
At 28 February 2025	–	–	–	–
	-------	----	--------	--------
Carrying amount
At 28 February 2025	–	–	–	–
	-------	----	--------	--------
At 29 February 2024	3,056	160	( 12,308)	(9,092)
	-------	----	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	140,188	165,578
Other debtors	7,439	8,356
	---------	---------
	147,627	173,934
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,500	10,271
Trade creditors	171	66,677
Corporation tax	2,396	491
Social security and other taxes	16,858	7,912
Inter-company loan - Fifteen Communications Ltd	8,462	8,462
Other creditors	1,750	1,800
	--------	--------
	40,137	95,613
	--------	--------

9. Related party transactions

Fifteen Holdings Ltd Fifteen Holdings Ltd, a company controlled by the 4 directors in this company, has a 100% shareholder in Pegasus Fire & Security Ltd . At the year end, the company was owed £22,458 from Fifteen Holdings Ltd in relation to goods and services provided. Fifteen Group Ltd The company provided services of £43,500 to Fifteen Group. Fifteen Group Ltd is a wholly owned subsidiary of Fifteen Holdings Ltd. At the year end, the company was owed £119,058 from Fifteen Group Ltd in relation to goods and services provided.

10. Controlling party

The Company is 100% subsidiary of 15 Holdings Ltd whose registered Office is Suite 1 Third Floor Churchill House Regent Road Stoke-on-Trent ST1 3JJ