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REGISTERED NUMBER: 07642271 (England and Wales)















PIONEER DIGITAL SOLUTIONS LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Income and Retained Earnings 10

Statement of Financial Position 11

Notes to the Financial Statements 12


PIONEER DIGITAL SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: C Appleyard
P Childerhouse
M Childerhouse
Mrs N R Gould





REGISTERED OFFICE: Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 07642271 (England and Wales)





AUDITORS: Clarke Nicklin LLP
Chartered Accountants and
Statutory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2024


The directors present their strategic report for the year ended 31 August 2024.

Pioneer Digital Solutions Limited specializes in supplying Audio Visual Solutions, Electrical and Infrastructure Services to the QSR (Quick Service Restaurants), Sports Stadia, Ministry of Defence, Corporate, automotive, and NHS sectors.

REVIEW OF BUSINESS
The 2023/2024 fiscal year was a key year for Pioneer Digital Solutions, with a key focus on strategic execution for future expansion. The company achieved growth on the previous financial year, despite a year marked by economic uncertainty, talent shortages, and rising supply chain costs.

We have expanded our Sales Team, resulting in 42 new clients, a 74.2% increase over the previous year, and enabled the business to expand into uncharted verticals. With the increase in new clients, our focus shifted towards upskilling our current staff and strategically expanding divisions to deliver this growth.

This performance reflects our commitment to innovation, operational discipline, and customer-centric growth.
By focusing on these areas, Pioneer Digital Solutions is well-positioned to achieve its strategic goals in YE25. Regular performance reviews and agile adjustments will ensure sustained success.

PRINCIPAL RISKS AND UNCERTAINTIES
The management of the business and sectors served are subject to a number of risks but the directors are confident that the current operational and management systems that the company adopts is adequate to identify and manage any arising issues.

FINANCIAL RISK MANAGEMENT

The company is exposed to a number of financial risks including the effect of credit risk and exchange rate movements.

The company's credit risk is primarily attributable to its trade debtors. Credit risk is managed by way of assessing and continuously monitoring customers credit ratings and managing credit terms provided to customers accordingly.

The company is exposed to currency exchange movement when purchasing equipment for projects. This is managed by the way of fixing pricing with suppliers when providing quotes to customers.

LIQUIDITY RISK

The company regularly forecast cash flow to ensure that sufficient funds are available for operational requirements.


PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2024

KEY PERFORMANCE INDICATORS
2024 2023
£    £   

Revenue 12,055 11,926
Profit before tax 1,089 1,560
Staff retention 95% 81%
New clients 42 24
Improve sustainability
Reduce fuel costs 93 106
Reduce electricity costs 25 27
Gross profit margin 28.2% 28.1%


ON BEHALF OF THE BOARD:





C Appleyard - Director


29 August 2025

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2024


The directors present their report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of electrical equipment installation and maintenance.

DIVIDENDS
The total distribution of dividends in the period ended 31 August 2024 was £425,178 (2023: £432,773).

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

C Appleyard
P Childerhouse
M Childerhouse
Mrs N R Gould

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2024


AUDITORS
The auditors, Clarke Nicklin LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





C Appleyard - Director


29 August 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PIONEER DIGITAL SOLUTIONS LIMITED


Qualified opinion
We have audited the financial statements of Pioneer Digital Solutions Limited (the 'company') for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion, the financial statements give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice and in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion
The Company’s inventories include stock and work-in-progress (WIP). We were not present at the stock count at the year-end (or at an alternative date) and were unable to satisfy ourselves by alternative means concerning inventory quantities. Furthermore, the information provided in respect of WIP was limited, and we were unable to obtain sufficient appropriate audit evidence to support the amounts recorded. Consequently, we were unable to determine whether any adjustment might be necessary in respect of inventories, cost of sales, and the elements of the Statement of Financial Position and Statement of Comprehensive Income that are affected by these matters.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs UK)) and applicable law. Our responsibilities under those standards are further described int he Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements int he UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PIONEER DIGITAL SOLUTIONS LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

Arising solely from the limitation on the scope of our work relating to inventories, referred to above:
- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and
- we were unable to determine whether adequate accounting records have been kept.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- returns adequate for our audit have not been received from branches not visited by us; or
- certain disclosures of directors' remuneration specified by law are not made.


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PIONEER DIGITAL SOLUTIONS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Procedures to identify risks:
- enquiring of management concerning the company's procedures relating to: identifying, evaluating and
complying with laws and regulations and whether they were aware of any instances of noncompliance;
detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected
or alleged fraud;
- discussing among the engagement team regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud
in the following areas: timing of recognition of sales and purchases and their related stock movements,
posting of unusual journals; and
- obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing
on those laws and regulations that had a direct effect on the financial statements or that had a
fundamental effect on the operations of the company. The key laws and regulations we considered in this
context included UK Companies Act, employment law, health and safety, pensions legislation and tax
legislation.

The procedures to respond to risks identified included:
- reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with relevant laws and regulations discussed above;
- enquiring of management, concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud;
- reviewing correspondence with HMRC;
- testing the timing and matching of income and expense transactions relating to stock movements either
side of the year end; and
- in addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments; assessing whether the judgements made in making accounting
estimates are indicative of a potential bias; and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulation that are not closely related to events and transactions reflected in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detection one resulting from an error, as fraud may involve deliberate concealment, by for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Other matters which we are required to address.
The prior period financial statements were not audited.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PIONEER DIGITAL SOLUTIONS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Graham Travis FCA (Senior Statutory Auditor)
for and on behalf of Clarke Nicklin LLP
Chartered Accountants and
Statutory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

29 August 2025

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Notes £    £   

TURNOVER 12,055,793 11,926,157

Cost of sales 6,953,631 6,593,863
GROSS PROFIT 5,102,162 5,332,294

Administrative expenses 4,089,724 3,772,540
1,012,438 1,559,754

Other operating income 6,810 1,028
OPERATING PROFIT 4 1,019,248 1,560,782


Interest payable and similar expenses 5 1,387 726
PROFIT BEFORE TAXATION 1,017,861 1,560,056

Tax on profit 6 263,437 328,555
PROFIT FOR THE FINANCIAL YEAR 754,424 1,231,501

Retained earnings at beginning of year 3,036,122 2,237,394

Dividends 7 (425,178 ) (432,773 )

RETAINED EARNINGS AT END OF
YEAR

3,365,368

3,036,122

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 282,133 275,442
282,133 275,442

CURRENT ASSETS
Stocks 10 548,713 493,040
Debtors 11 4,602,466 4,556,935
Cash at bank 709,168 830,002
5,860,347 5,879,977
CREDITORS
Amounts falling due within one year 12 2,689,269 3,040,134
NET CURRENT ASSETS 3,171,078 2,839,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,453,211

3,115,285

CREDITORS
Amounts falling due after more than one
year

13

(21,504

)

(11,180

)

PROVISIONS FOR LIABILITIES 16 (66,117 ) (67,761 )
NET ASSETS 3,365,590 3,036,344

CAPITAL AND RESERVES
Called up share capital 17 222 222
Retained earnings 18 3,365,368 3,036,122
SHAREHOLDERS' FUNDS 3,365,590 3,036,344

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





C Appleyard - Director


PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Pioneer Digital Solutions Limited 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard Applicable in the UK and Republic of Ireland" ("FRS 102") and applicable legislation as set out in the Companies Act 2006 and Schedule 1 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008. These financial statements have been prepared under the historical costs convention.

The financial statements are presented in Sterling (£).

Going concern
The directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the group and any potential risk that might impact the group's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements;
Depreciation - The useful life of fixed assets can vary significantly. Estimates are based on historic experience and current expectations of useful life. The size of prior year gains and losses on disposal are also factored in to estimates.

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

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


2. ACCOUNTING POLICIES - continued

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2023 - 66)

2024 2023
£    £   
Directors' remuneration 33,587 33,614
Directors' pension contributions to money purchase schemes 150,175 70,177

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 69,522 78,146
Depreciation - assets on hire purchase contracts 11,750 5,897
Computer software amortisation - 1,920
Auditors' remuneration 22,800 -

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Hire purchase 1,387 726

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 265,081 347,485
Prior year adjustment - (15,454 )
Total current tax 265,081 332,031

Deferred tax (1,644 ) (3,476 )
Tax on profit 263,437 328,555

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

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


6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,017,861 1,560,056
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 21.515%)

254,465

335,646

Effects of:
Expenses not deductible for tax purposes 8,972 11,613
Capital allowances in excess of depreciation - (3,250 )
Adjustments to tax charge in respect of previous periods - (15,454 )
Total tax charge 263,437 328,555

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 425,178 432,773

8. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 September 2023
and 31 August 2024 28,977
AMORTISATION
At 1 September 2023
and 31 August 2024 28,977
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

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


9. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 55,709 116,741 471,452 73,252 717,154
Additions - 679 61,995 25,289 87,963
At 31 August 2024 55,709 117,420 533,447 98,541 805,117
DEPRECIATION
At 1 September 2023 47,955 70,446 281,052 42,259 441,712
Charge for year 1,939 11,684 56,448 11,201 81,272
At 31 August 2024 49,894 82,130 337,500 53,460 522,984
NET BOOK VALUE
At 31 August 2024 5,815 35,290 195,947 45,081 282,133
At 31 August 2023 7,754 46,295 190,400 30,993 275,442

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 29,795
Additions 29,495
At 31 August 2024 59,290
DEPRECIATION
At 1 September 2023 5,897
Charge for year 11,750
At 31 August 2024 17,647
NET BOOK VALUE
At 31 August 2024 41,643
At 31 August 2023 23,898

10. STOCKS
2024 2023
£    £   
Raw material 347,652 289,570
WIP 201,061 203,470
548,713 493,040

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

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


11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,299,760 2,375,692
Amounts owed by group undertakings 897,188 897,188
Other debtors 12,684 11,241
Directors' current accounts 1,026,375 838,190
Tax 343,008 277,702
Prepayments and accrued income 23,451 156,922
4,602,466 4,556,935

Trade debtors are stated after provisions for impairment of £205,166 (2023: £202,026).

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 14) 14,315 8,935
Trade creditors 1,769,073 1,356,680
Amounts owed to group undertakings 250,060 -
Corporation tax 388,469 811,805
Social security and other taxes 50,640 48,777
VAT 148,534 320,607
Other creditors 11,638 9,498
Company credit card 14,255 14,505
Directors' current accounts 2,685 -
Accruals and deferred income 39,600 469,327
2,689,269 3,040,134

Pension contributions unpaid at the year end were £9,721 (2023: £9,066).

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 14) 21,504 11,180

14. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 14,315 8,935
Between one and five years 21,504 11,180
35,819 20,115

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

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


15. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 35,819 20,115

Hire purchase liabilities are secured on the underlying assets.

16. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 66,117 67,761

Deferred
tax
£   
Balance at 1 September 2023 67,761
Credit to Income Statement during year (1,644 )
Balance at 31 August 2024 66,117

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
Value: £ £
186 Ordinary £1 186 186
20 B Ordinary £1 20 20
4 C Ordinary £1 4 4
4 D Ordinary £1 4 4
4 E Ordinary £1 4 4
2 F Ordinary £1 2 2
2 G Ordinary £1 2 2
222 222

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

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


18. RESERVES
Retained
earnings
£   

At 1 September 2023 3,036,122
Profit for the year 754,424
Dividends (425,178 )
At 31 August 2024 3,365,368

19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
C Appleyard
Balance outstanding at start of year 489,212 322,262
Amounts advanced 183,750 253,750
Amounts repaid (96,500 ) (86,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 576,462 489,212

P Childerhouse
Balance outstanding at start of year 343,610 231,760
Amounts advanced 182,750 188,750
Amounts repaid (76,500 ) (76,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 449,860 343,610

M Childerhouse
Balance outstanding at start of year 53 53
Amounts advanced 102,545 86,707
Amounts repaid (102,545 ) (86,707 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53 53

PIONEER DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07642271)

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


19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs N R Gould
Balance outstanding at start of year 5,315 (3,685 )
Amounts advanced 85,624 85,786
Amounts repaid (93,624 ) (76,786 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,685 ) 5,315

Advances to directors include cash payments and personal expenses paid by the group.

Amounts repaid consist of expenses and salaries not taken as cash, as well as cash amounts repaid by the directors.

Directors' loans are interest free and repayable on demand.

20. ULTIMATE CONTROLLING PARTY

Pioneer Holdings Global Limited is the ultimate controlling party.