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Registered number: 08814514
Pioneer Supplies Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
TS Partners Ltd
9 High Street
Wellington
Somerset
TA21 8QT
Pioneer Supplies Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Pioneer Supplies Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 08814514

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 101,656 |  | 120,475
|  |  | 101,656 |  | 120,475
CURRENT ASSETS
Stocks | 5 | 2,229,891 |  | 2,529,273 |
Debtors | 6 | 183,740 |  | 67,814 |
Cash at bank and in hand |  | 712,999 |  | 926,672 |
|  | 3,126,630 |  | 3,523,759 |
Creditors: Amounts Falling Due Within One Year | 7 | (3,124,345 ) |  | (3,451,046 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,285 |  | 72,713
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 103,941 |  | 193,188
Creditors: Amounts Falling Due After More Than One Year | 8 |  | - |  | (119,444 )
NET ASSETS |  |  | 103,941 |  | 73,744
CAPITAL AND RESERVES
Called up share capital | 9 |  | 200 |  | 200
Profit and Loss Account |  |  | 103,741 |  | 73,544
SHAREHOLDERS' FUNDS |  |  | 103,941 |  | 73,744

Page 1
Page 2
Pioneer Supplies Ltd
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs Maryna Elliman Director
07/08/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Pioneer Supplies Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Pioneer Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08814514 . The registered office is Unit A2, Tancok's Business Park, Four Cross Avenue, Willand, Cullompton, Devon, EX15 2FB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 10 years
Plant & Machinery | 25% Reducing balance
Motor Vehicles | 25% Reducing balance
Fixtures & Fittings | 25% Reducing balance
Computer Equipment | 25% Reducing balance

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
Pioneer Supplies Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 January 2025 | 96,750 | 30,791 | 13,450 | 21,664
Additions | - | - | - | -
As at 31 December 2025 | 96,750 | 30,791 | 13,450 | 21,664
Depreciation
As at 1 January 2025 | 16,901 | 15,121 | 8,366 | 9,871
Provided during the period | 9,675 | 3,917 | 1,271 | 2,948
As at 31 December 2025 | 26,576 | 19,038 | 9,637 | 12,819
Net Book Value
As at 31 December 2025 | 70,174 | 11,753 | 3,813 | 8,845
As at 1 January 2025 | 79,849 | 15,670 | 5,084 | 11,793

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 January 2025 | 17,473 | 180,128
Additions | 1,349 | 1,349
As at 31 December 2025 | 18,822 | 181,477
Depreciation
As at 1 January 2025 | 9,394 | 59,653
Provided during the period | 2,357 | 20,168
As at 31 December 2025 | 11,751 | 79,821
Net Book Value
As at 31 December 2025 | 7,071 | 101,656
As at 1 January 2025 | 8,079 | 120,475

Page 4
Page 5
Pioneer Supplies Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stocks | 2,229,891 |  | 2,529,273

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 183,740 |  | 67,814

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 514 |  | 514
Bank loans and overdrafts | - |  | 141,667
Amounts owed to group undertakings | 2,412,165 |  | 2,245,007
Other creditors | - |  | 44,027
Taxation and social security | 711,666 |  | 1,019,831
| 3,124,345 |  | 3,451,046

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 119,444

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 January 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mrs Maryna Elliman | 25,078 | 28,800 | 15,737 | - | 38,141
Mr Alexander Elliman | 25,079 | 28,800 | 15,738 | - | 38,141

The above loan is unsecured, interest free and repayable on demand.
Page 5
Page 6
Pioneer Supplies Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
11. Related Party Transactions
The company has taken advantage of the exemption in paragraph 33.1A of FRS 102 not to disclose transactions with other wholly owned members of the group.
During the year the company advanced £95,000 (2024: £nil) to Paco Perfumerias SL Ltd, a company in which Mr Alexander James Elliman, a director of the company, holds a 47.5% interest and of which he is also a director. At the balance sheet date, £95,016 (2024: £16) was due from that company. The loan is unsecured, interest free and repayable on demand. No provision for impairment has been recognised against the balance (2024: £nil) and no amounts were written off during the year.
At the balance sheet date, £nil (2024: £10,000) was due to Atlas Trading South West Ltd, a company having directors in common with the company. During the year the company repaid £10,000, being the balance outstanding at the previous balance sheet date. The balance was unsecured, interest free and repayable on demand.
Other than the transactions disclosed above and those disclosed elsewhere in these financial statements, there were no related party transactions requiring disclosure under FRS 102.
12. Ultimate Controlling Party
The company's immediate parent undertaking is Koka Holdings Ltd, a company incorporated in England and Wales, which holds 100% of the issued share capital of the company.
Throughout the year ended 31 December 2025 the issued share capital of Koka Holdings Ltd was held in equal shares by Mr Alexander James Elliman and Mrs Maryna Elliman, who together exercised joint control over the company. On 1 May 2026, after the balance sheet date, Mr Elliman transferred his entire 50% holding in Koka Holdings Ltd to Mrs Elliman. At the date of approval of these financial statements Mrs Elliman holds 100% of the issued share capital of Koka Holdings Ltd and is the ultimate controlling party.
Page 6