Pegasus Interiors (UK) Ltd - Filleted accounts

Registered number

06545793

Pegasus Interiors (UK) Ltd

Unaudited Filleted Accounts

31 December 2025

Pegasus Interiors (UK) Ltd
Registered number:		06545793
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		34,651			14,573

Current assets
Stocks		112,000			74,000
Debtors	4	99,133			167,318
Cash at bank and in hand		49,189			39,623
		260,322			280,941

Creditors: amounts falling due within one year	5	(137,473)			(110,579)

Net current assets			122,849			170,362

Total assets less current liabilities			157,500			184,935

Creditors: amounts falling due after more than one year	6		(12,463)			(2,498)

Provisions for liabilities			(5,600)			(394)


Net assets			139,437			182,043

Capital and reserves
Called up share capital			100			100
Profit and loss account			139,337			181,943

Shareholders' funds			139,437			182,043

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr R N Shore
Director
Approved by the board on 17 May 2026

Pegasus Interiors (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings			10% on cost
	Motor vehicles			25% reducing balance
	Plant and machinery			15% reducing balance
	Fixtures, fittings, tools and equipment			15% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	15,500		13,002		42,121		70,623
	Additions	-		1,400		27,376		28,776
	At 31 December 2025	15,500		14,402		69,497		99,399

	Depreciation
	At 1 January 2025	1,550		12,379		42,121		56,050
	Charge for the year	1,550		304		6,844		8,698
	At 31 December 2025	3,100		12,683		48,965		64,748

	Net book value
	At 31 December 2025	12,400		1,719		20,532		34,651
	At 31 December 2024	13,950		623		-		14,573


4	Debtors					2025		2024
£							£

	Trade debtors					65,996		106,031
	VAT Recoverable					23,420		15,742
	Director's Account					-		32,867
	Other debtors					9,717		12,678
						99,133		167,318


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					2,649		6,389
	Obligations under finance lease and hire purchase contracts					5,707		-
	Trade creditors					112,273		85,837
	Taxation and social security costs					11,215		16,403
	Other creditors					5,629		1,950
						137,473		110,579


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		2,498
	Obligations under finance lease and hire purchase contracts					12,463		-
						12,463		2,498


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr R N Shore
	unsecured and interest free	32,867		-		(32,867)		-

		32,867		-		(32,867)		-


8	Related party transactions

	Included in Other creditors is an amount of £3,230 owed to the directors, interest free and unsecured.


9	Other information

	Pegasus Interiors (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5 Dodington Spring Codrington
	Chipping Sodbury
	Bristol
	BS37 6RX