REGISTERED NUMBER: NI644881 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PEGASUS COMMERCIAL INTERIORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J McGarry

SECRETARY:

J McGarry

REGISTERED OFFICE:

3 Thornhill Manor Kingway

Dunmurry

Belfast

Co. Antrim

BT17 9RB

REGISTERED NUMBER:

NI644881 (Northern Ireland)

ACCOUNTANTS:

MG White & Co Chartered Accountants

Harlow Enterprise Hub

Kao Hockham Builidng

Harlow

Essex

CM20 2NQ

FIXED ASSETS

Intangible assets

4

10,000

15,000

Tangible assets

5

32,570

23,797

42,570

38,797

CURRENT ASSETS

Debtors

6

66,371

46,756

Cash at bank and in hand

284,332

304,039

350,703

350,795

CREDITORS

Amounts falling due within one year

7

36,984

42,991

NET CURRENT ASSETS

313,719

307,804

TOTAL ASSETS LESS CURRENT LIABILITIES

356,289

346,601

CREDITORS

Amounts falling due after more than one year

8

-

2,157

NET ASSETS

356,289

344,444

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

356,189

344,344

SHAREHOLDERS' FUNDS

356,289

344,444

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 November 2025 and were signed by:

Mrs J McGarry - Director

1.	STATUTORY INFORMATION

Pegasus Commercial Interiors Ltd is a private company, limited by shares , registered in Northern Ireland. 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

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.

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 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

35,000

Amortisation for year

5,000

At 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

10,000

At 31 March 2024

15,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

15,727

-

33,434

4,822

53,983

Additions

-

20,150

-

-

20,150

At 31 March 2025

15,727

20,150

33,434

4,822

74,133

DEPRECIATION

At 1 April 2024

7,226

-

20,288

2,672

30,186

Charge for year

2,125

5,038

3,286

928

11,377

At 31 March 2025

9,351

5,038

23,574

3,600

41,563

NET BOOK VALUE

At 31 March 2025

6,376

15,112

9,860

1,222

32,570

At 31 March 2024

8,501

-

13,146

2,150

23,797

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

65,592

46,756

Prepayments

779

-

66,371

46,756

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

3,236

3,236

Trade creditors

8,975

10,495

Tax

4,109

12,191

Social security and other taxes

2,116

684

VAT

11,406

8,679

Directors' current accounts

4,942

6,406

Accruals and deferred income

2,200

1,300

36,984

42,991

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

2,157

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2024

344,344

Profit for the year

21,845

Dividends

(10,000

)

At 31 March 2025

356,189