1 June 2023 false Taxfiler 2024.5 8087593business:PrivateLimitedCompanyLtd2023-06-012024-05-31 80875932023-05-31 80875932023-06-012024-05-31 8087593business:AuditExemptWithAccountantsReport2023-06-012024-05-31 8087593business:FilletedAccounts2023-06-012024-05-31 80875932024-05-31 80875932023-05-31 8087593core:WithinOneYear2024-05-31 8087593core:WithinOneYear2023-05-31 8087593core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 8087593core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 8087593core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 8087593core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 8087593core:PreviouslyStatedAmount2024-05-31 8087593core:PreviouslyStatedAmount2023-05-31 8087593business:SmallEntities2023-06-012024-05-31 8087593business:Director12023-06-012024-05-31 8087593countries:EnglandWales2023-06-012024-05-31 8087593business:RegisteredOffice2023-06-012024-05-31 8087593business:OrdinaryShareClass12023-06-012024-05-31 8087593business:OrdinaryShareClass12022-06-012023-05-31 80875932022-06-012023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 8087593 (England and Wales)
Pioneer Lifts Limited Unaudited accounts for the year ended 31 May 2024
Pioneer Lifts Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
24,676 
14,396 
Cash at bank and in hand
160,727 
164,290 
185,403 
178,686 
Creditors: amounts falling due within one year
(124,306)
(172,511)
Net current assets
61,097 
6,175 
Net assets
61,097 
6,175 
Capital and reserves
Called up share capital
24 
24 
Profit and loss account
61,073 
6,151 
Shareholders' funds
61,097 
6,175 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Mr G McIndoe Director Company Registration No. 8087593
- 2 -
Pioneer Lifts Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Pioneer Lifts Limited is a private company, limited by shares, registered in England and Wales, registration number 8087593. The registered office is County House, St Mary's Street, Worcester, Worcestershire, WR1 1HB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are paid to the scheme.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,450 
14,396 
Accrued income and prepayments
3,226 
- 
24,676 
14,396 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
22,403 
17,950 
Trade creditors
19,894 
16,182 
Taxes and social security
31,363 
21,969 
Other creditors
687 
- 
Loans from directors
3,607 
65,101 
Accruals
870 
810 
Deferred income
45,482 
50,499 
124,306 
172,511 
- 3 -
Pioneer Lifts Limited Notes to the Accounts for the year ended 31 May 2024
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
24 Ordinary shares of £1 each
24 
24 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 4 -