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Unaudited Financial Statements |
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for the Period 1 July 2020 to 30 November 2020 |
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for |
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Pegasus (World-Wide) Ltd |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 July 2020 to 30 November 2020 |
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for |
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Pegasus (World-Wide) Ltd |
Pegasus (World-Wide) Ltd (Registered number: 04435323) |
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Contents of the Financial Statements |
for the Period 1 July 2020 to 30 November 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Pegasus (World-Wide) Ltd |
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Company Information |
for the Period 1 July 2020 to 30 November 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2 Dudrich House |
Princes Lane |
London |
N10 3LU |
Pegasus (World-Wide) Ltd (Registered number: 04435323) |
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Balance Sheet |
30 November 2020 |
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30.11.20 | 30.6.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
Pegasus (World-Wide) Ltd (Registered number: 04435323) |
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Balance Sheet - continued |
30 November 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
and were signed on its behalf by: |
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Pegasus (World-Wide) Ltd (Registered number: 04435323) |
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Notes to the Financial Statements |
for the Period 1 July 2020 to 30 November 2020 |
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1. | STATUTORY INFORMATION |
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Pegasus (World-Wide) Ltd is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and |
trade discounts. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to |
write off the cost less estimated residual value of each asset over its expected useful life, as follows. |
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Plant and machinery 15% pa |
Fixtures, fittings & equipment 15% pa |
Motor vehicles 25% pa |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 period end and that are |
expected to apply to the reversal of the timing difference. |
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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. |
Pegasus (World-Wide) Ltd (Registered number: 04435323) |
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Notes to the Financial Statements - continued |
for the Period 1 July 2020 to 30 November 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Foreign currencies |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of |
exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate |
ruling at the date of the transaction. All differences are taken to profit and loss account.balance sheet |
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Pensions |
The company operates a defined contribution scheme for the benefit of its Director. Contributions payable |
are charged to the profit and loss account in the year they are payable. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2020 |
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Disposals | ( |
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At 30 November 2020 |
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DEPRECIATION |
At 1 July 2020 |
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Charge for period |
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At 30 November 2020 |
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NET BOOK VALUE |
At 30 November 2020 |
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At 30 June 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.20 | 30.6.20 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.20 | 30.6.20 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Pegasus (World-Wide) Ltd (Registered number: 04435323) |
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Notes to the Financial Statements - continued |
for the Period 1 July 2020 to 30 November 2020 |
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7. | PROVISIONS FOR LIABILITIES |
30.11.20 | 30.6.20 |
£ | £ |
Deferred tax | - | 1,700 |
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Deferred |
tax |
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Balance at 1 July 2020 |
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Release in year | (1,700 | ) |
Balance at 30 November 2020 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.20 | 30.6.20 |
value: | £ | £ |
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Ordinary | 2 | 2 | 2 |
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9. | FINANCIAL COMMITMENTS |
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At 30 November 2020 the company was committed to making the following payments under |
non-cancellable operating leases in the period to 30 November 2020. |
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2020 2019 |
£ £ |
Operating leases which expire: |
Within one year 4,000 13,775 |
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10. | POST BALANCE SHEET EVENTS |
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The company had taken the decision to cease trading. The company has sold all of its plant and |
machinery and is in the process of settling all remaining liabilities. It is anticipated the company will enter |
in a members voluntary winding up by 31 December 2020. |