Pioneer Search Ltd - Filleted accounts

Registered number

07515385

Pioneer Search Ltd

Filleted Accounts

28 February 2026

Pioneer Search Ltd
Registered number:		07515385
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		7,990			13,030

Current assets
Debtors	4	557,601			847,303
Cash at bank and in hand		373,805			607,068
		931,406			1,454,371

Creditors: amounts falling due within one year	5	(651,229)			(870,560)

Net current assets			280,177			583,811

Total assets less current liabilities			288,167			596,841

Creditors: amounts falling due after more than one year	6		-			(2,676)

Provisions for liabilities			(1,518)			(2,476)


Net assets			286,649			591,689

Capital and reserves
Called up share capital			2			2
Profit and loss account			286,647			591,687

Shareholders' funds			286,649			591,689

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.




M J Warburton
Director
Approved by the board on 13 October 2026

Pioneer Search Ltd
Notes to the Accounts
for the year ended 28 February 2026


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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	25% reducing value
	Fixtures, fittings, tools and equipment	over 5 years

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		12		12


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 March 2025				58,734
	Additions				1,390
	Disposals				(30,665)
	At 28 February 2026				29,459

	Depreciation
	At 1 March 2025				45,704
	Charge for the year				2,890
	On disposals				(27,125)
	At 28 February 2026				21,469

	Net book value
	At 28 February 2026				7,990
	At 28 February 2025				13,030


4	Debtors		2026		2025
£				£

	Trade debtors		309,317		442,733
	Accrued income		217,259		354,531
	Other debtors		31,025		50,039
			557,601		847,303


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		237,497		363,357
	Trade creditors		111,429		135,001
	Accruals		170,380		248,616
	VAT creditor		47,141		17,776
	Directors loans		4,666		81
	Taxation and social security costs		78,175		84,417
	Other creditors		1,941		21,312
			651,229		870,560


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		-		2,676


7	Other information

	Pioneer Search Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 307/8,
	164-180 Union Street,
	London
	SE1 0LH