Registered number
08814514
Pioneer Supplies Ltd
Filleted Accounts
31 December 2024
Pioneer Supplies Ltd
Registered number: 08814514
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 120,475 116,103
Current assets
Stocks 2,529,273 2,178,723
Debtors 4 17,657 413
Cash at bank and in hand 926,672 1,535,496
3,473,602 3,714,632
Creditors: amounts falling due within one year 5 (3,400,889) (3,331,895)
Net current assets 72,713 382,737
Total assets less current liabilities 193,188 498,840
Creditors: amounts falling due after more than one year 6 (119,444) (261,111)
Net assets 73,744 237,729
Capital and reserves
Called up share capital 200 200
Profit and loss account 73,544 237,529
Shareholders' funds 73,744 237,729
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.
Mrs M Elliman
Director
Approved by the board on 9 June 2025
Pioneer Supplies Ltd
Notes to the Accounts
for the year ended 31 December 2024
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:
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment 25% Reducing Balance
Motor vehicles 25% 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 72,255 67,111 13,450 152,816
Additions 24,495 2,818 - 27,313
At 31 December 2024 96,750 69,929 13,450 180,129
Depreciation
At 1 January 2024 7,226 22,815 6,672 36,713
Charge for the year 9,675 11,572 1,694 22,941
At 31 December 2024 16,901 34,387 8,366 59,654
Net book value
At 31 December 2024 79,849 35,542 5,084 120,475
At 31 December 2023 65,029 44,296 6,778 116,103
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 16 -
Other debtors 17,641 413
17,657 413
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 141,667 141,667
Trade creditors 514 236,993
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,245,007 1,761,389
Taxation and social security costs 1,019,831 1,156,329
Directors loan account (50,157) 10,681
Other creditors 44,027 24,836
3,400,889 3,331,895
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 119,444 261,111
7 Related party transactions
Intercompany loan balance of £2,184,467 (2023: £1,761,389) due to Koka Holdings Ltd, a company having a directors in common with the company.

Intercompany loan balance of £10,000 (2023: £0) due to Atlas Trading South West Ltd, a company having a directors in common with the company.

No transactions with related parties, other than disclosed above or elsewhere in the financial statements, were undertaken such as are required to be disclosed under FRS 102.
8 Other information
Pioneer Supplies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit A2, Tancok's Business Park Four Cross Avenue
Willand
Cullompton
Devon
EX15 2FB
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