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Company Registration No. 14111119 (England and Wales)
Pioneer Source Limited Unaudited accounts for the year ended 31 May 2025
Pioneer Source Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Pioneer Source Limited Company Information for the year ended 31 May 2025
Directors
Check Man Chow Wai Yee Chow
Company Number
14111119 (England and Wales)
Registered Office
12 Forest Way Hollywood Birmingham West Midlands B47 5JS England
Accountants
William Klien Accountants 20-22 Wenlock Road London N1 7GU
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Pioneer Source Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
402,263
402,263
Current assets
Cash at bank and in hand
11,125
-
Creditors: amounts falling due within one year
5
(416,156)
(411,303)
Net current liabilities
(405,031)
(411,303)
Net liabilities
(2,768)
(9,040)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(2,868)
(9,140)
Shareholders' funds
(2,768)
(9,040)
For the year ending 31 May 2025 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 18 February 2026 and were signed on its behalf by
Check Man Chow Director Company Registration No. 14111119
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Pioneer Source Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Pioneer Source Limited is a private company, limited by shares, registered in England and Wales, registration number 14111119. The registered office is 12 Forest Way, Hollywood, Birmingham, West Midlands, B47 5JS, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 June 2024
402,263
At 31 May 2025
402,263
Depreciation
At 31 May 2025
-
Net book value
At 31 May 2025
402,263
At 31 May 2024
402,263
5
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
416,156
411,303
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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