Pioneer Bathrooms Ltd 31/03/2025 iXBRL

Company registration number: 07121775

Pioneer Bathrooms Ltd

Unaudited filleted financial statements

31 March 2025

Pioneer Bathrooms Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Pioneer Bathrooms Ltd

Directors and other information


	Director
		H Halai


	Company number	07121775


	Registered office	9 Dennis Lane
		Stanmore
		Middlesex
		HA7 4JR


	Accountants	Passer & Co
		20 Sunningdale Close
		Stanmore
		HA7 3QL

Pioneer Bathrooms Ltd

Report to the director on the preparation of the

unaudited statutory financial statements of Pioneer Bathrooms Ltd

Year ended 31 March 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2025 which comprise the statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Passer & Co

20 Sunningdale Close

Stanmore

HA7 3QL

11 December 2025

Pioneer Bathrooms Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		800
Tangible assets	6	1,503		2,255
		_______		_______
			1,503		3,055

Current assets
Debtors	7	5,504,306		4,612,587
Cash at bank and in hand		483,696		-
		_______		_______
		5,988,002		4,612,587
Creditors: amounts falling due
within one year	8	( 2,319,466)		( 851,985)
		_______		_______
Net current assets			3,668,536		3,760,602
			_______		_______
Total assets less current liabilities			3,670,039		3,763,657

			_______		_______
Net assets			3,670,039		3,763,657
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			3,670,037		3,763,655
			_______		_______
Shareholders funds			3,670,039		3,763,657
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 11 December 2025 , and are signed on behalf of the board by:

H Halai

Director

Company registration number: 07121775

Pioneer Bathrooms Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 9 Dennis Lane, Stanmore, Middlesex, HA7 4JR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	114,000	114,000
	_______	_______
Amortisation
At 1 April 2024	111,600	113,200
Charge for the year	-	800
	_______	_______
At 31 March 2025	111,600	114,000
	_______	_______
Carrying amount
At 31 March 2025	2,400	-
	_______	_______
At 31 March 2024	2,400	800
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	31,734	31,734
	_______	_______
Depreciation
At 1 April 2024	29,479	29,479
Charge for the year	752	752
	_______	_______
At 31 March 2025	30,231	30,231
	_______	_______
Carrying amount
At 31 March 2025	1,503	1,503
	_______	_______
At 31 March 2024	2,255	2,255
	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	-	175,277
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,595,647	3,623,151
Other debtors	1,908,659	814,159
	_______	_______
	5,504,306	4,612,587
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	-	( 544,793)
Trade creditors	1,961,725	991,264
Corporation tax	33,657	68,066
Social security and other taxes	322,053	244,720
Other creditors	2,031	92,728
	_______	_______
	2,319,466	851,985
	_______	_______

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
KNY Stanmore Ltd	-	-	-	175,000
KNY Investment Ltd	-	( 52,000)	-	2,136,932
Pacific Court Ltd	-	-	-	1,311,219
	_______	_______	_______	_______

The above are loan to companies controlled by Mr Halai, the Director. The loans are interest free and carry on fixed repayment date.