Pegasus Electrical and Building Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07776072

Pegasus Electrical and Building Services Limited

Filleted Unaudited Financial Statements

30 September 2025

Pegasus Electrical and Building Services Limited

Financial Statements

Year ended 30 September 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 7

Pegasus Electrical and Building Services Limited

Balance Sheet

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	13,413	12,908

Current assets

Stocks		659	550
Debtors	6	45,280	39,896
Cash at bank and in hand		28,218	20,893
		--------	--------
		74,157	61,339

Creditors: amounts falling due within one year	7	64,094	54,980
		--------	--------
Net current assets		10,063	6,359
		--------	--------
Total assets less current liabilities		23,476	19,267

Creditors: amounts falling due after more than one year	8	–	282

Provisions

Taxation including deferred tax	2,884	2,453
	--------	--------
Net assets	20,592	16,532
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	20,492	16,432
	--------	--------
Shareholders funds	20,592	16,532
	--------	--------

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 profit & loss has not been delivered.

For the year ending 30 September 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 .

Pegasus Electrical and Building Services Limited

Balance Sheet (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 16 January 2026 , and are signed on behalf of the board by:

Mrs S J Bradley

Director

Company registration number: 07776072

Pegasus Electrical and Building Services Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is September Cottage, Bowers Bent, Standon, Staffordshire, ST21 6SG. The company registration number is 07776072 .

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. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

Revenue recognition

Turnover comprises the value of sales (exclusive of VAT and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when goods are despatched, which is the same day on which goods are delivered and hence the point at which the risks and rewards of ownership pass to the buyer. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

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 material 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.

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:

Tools and equipment	-	15% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	25% straight line

Depreciation is calculated from the month of acquistion and no depreciation is charged in the year of disposal.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost represents the purchase invoice price, and net realisable value is the estimated proceeds from the sale of stock items, less all future costs to completion, costs to be incurred in marketing, selling and distributing.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Tools & equipment	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 October 2024	6,336	5,078	21,405	7,016	39,835
Additions	2,246	–	–	2,363	4,609
Disposals	–	–	–	( 540)	( 540)
	-------	-------	--------	-------	--------
At 30 September 2025	8,582	5,078	21,405	8,839	43,904
	-------	-------	--------	-------	--------
Depreciation
At 1 October 2024	4,613	2,478	14,805	5,031	26,927
Charge for the year	591	520	1,650	1,344	4,105
Disposals	–	–	–	( 541)	( 541)
	-------	-------	--------	-------	--------
At 30 September 2025	5,204	2,998	16,455	5,834	30,491
	-------	-------	--------	-------	--------
Carrying amount
At 30 September 2025	3,378	2,080	4,950	3,005	13,413
	-------	-------	--------	-------	--------
At 30 September 2024	1,723	2,600	6,600	1,985	12,908
	-------	-------	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	43,005	37,778
Other debtors	2,275	2,118
	--------	--------
	45,280	39,896
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	2,704
Trade creditors	8,740	8,908
Corporation tax	16,277	9,335
Social security and other taxes	11,064	14,336
Other creditors	28,013	19,697
	--------	--------
	64,094	54,980
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	282
	----	----

The bank loan in favour of Barclays Bank Plc is unsecured.