Company Registration No. 07031253 (England and Wales)
PEGASUS WELDING SERVICES LIMITED
Unaudited accounts
for the year ended 30 September 2025
PEGASUS WELDING SERVICES LIMITED
Unaudited accounts
Contents
PEGASUS WELDING SERVICES LIMITED
Company Information
for the year ended 30 September 2025
Company Number
07031253 (England and Wales)
Registered Office
4 Walbury Close
Lincoln
LN5 9TN
United Kingdom
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
PEGASUS WELDING SERVICES LIMITED
Statement of financial position
as at 30 September 2025
Tangible assets
18,949
25,266
Cash at bank and in hand
100,771
89,759
Creditors: amounts falling due within one year
(22,125)
(10,563)
Net current assets
87,540
79,196
Total assets less current liabilities
106,489
104,462
Provisions for liabilities
Deferred tax
(3,812)
(3,812)
Net assets
102,677
100,650
Called up share capital
1,000
1,000
Profit and loss account
101,677
99,650
Shareholders' funds
102,677
100,650
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 April 2026 and were signed on its behalf by
Gary Durant
Director
Company Registration No. 07031253
PEGASUS WELDING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2025
PEGASUS WELDING SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07031253. The registered office is 4 Walbury Close, Lincoln, LN5 9TN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
PEGASUS WELDING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2024
7,392
28,712
4,250
2,020
42,374
At 30 September 2025
7,392
28,712
4,250
2,020
42,374
At 1 October 2024
4,267
9,870
1,859
1,112
17,108
Charge for the year
781
4,711
598
227
6,317
At 30 September 2025
5,048
14,581
2,457
1,339
23,425
At 30 September 2025
2,344
14,131
1,793
681
18,949
At 30 September 2024
3,125
18,842
2,391
908
25,266
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,094
1,838
Taxes and social security
8,994
4,191
Loans from directors
918
34
7
Deferred taxation
2025
2024
Accelerated capital allowances
3,812
3,812
Provision at start of year
3,812
1,137
Charged to the profit and loss account
-
2,675
Provision at end of year
3,812
3,812
A deferredtaxation reserve has been created of some £3,812 due to acclerated capital allowances.
This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
PEGASUS WELDING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2025
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Mr G Durant holds 100% of the ordinary voting shares of the company
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).