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REGISTERED NUMBER: 13380403 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

PIONEER VEHICLE SOLUTIONS LTD

PIONEER VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 13380403)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIONEER VEHICLE SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: Mr A I Marsh





REGISTERED OFFICE: Unit 18 Garonor Way
Royal Portbury Dock
Bristol
BS20 7XE





REGISTERED NUMBER: 13380403 (England and Wales)





ACCOUNTANTS: Aspen Waite Ltd
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

PIONEER VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 13380403)

BALANCE SHEET
31ST MAY 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 80,048 46,642

CURRENT ASSETS
Debtors 5 185,063 53,882
Cash at bank 53,361 16,844
238,424 70,726
CREDITORS
Amounts falling due within one year 6 (156,228 ) (63,045 )
NET CURRENT ASSETS 82,196 7,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,244

54,323

CREDITORS
Amounts falling due after more than one year 7 (24,391 ) -
NET ASSETS 137,853 54,323

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 137,851 54,321
137,853 54,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PIONEER VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 13380403)

BALANCE SHEET - continued
31ST MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 27th February 2025 and were signed by:





Mr A I Marsh - Director


PIONEER VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 13380403)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Pioneer Vehicle Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 50% on cost, 33% on cost, 25% on cost, 20% on cost and 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

TAXATION
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PIONEER VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 13380403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2023 57,731 6,307 - 2,618 66,656
Additions 42,015 - 14,950 174 57,139
Disposals - - (14,950 ) - (14,950 )
At 31st May 2024 99,746 6,307 - 2,792 108,845
DEPRECIATION
At 1st June 2023 16,802 2,270 - 942 20,014
Charge for year 7,637 808 - 338 8,783
At 31st May 2024 24,439 3,078 - 1,280 28,797
NET BOOK VALUE
At 31st May 2024 75,307 3,229 - 1,512 80,048
At 31st May 2023 40,929 4,037 - 1,676 46,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 138,174 50,056
Other debtors 25,884 -
Prepayments 21,005 3,826
185,063 53,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts 4,428 -
Trade creditors 87,431 17,705
Corporation tax 23,417 -
VAT 28,029 11,598
Other creditors 10,756 10,756
Directors' current accounts 58 21,083
Accruals and deferred income 2,109 1,903
156,228 63,045

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts 24,391 -