Company Registration No. 8087593 (England and Wales)
Pioneer Lifts Limited
Unaudited accounts
for the year ended 31 May 2026
Pioneer Lifts Limited
Statement of financial position
as at 31 May 2026
Cash at bank and in hand
203,310
80,409
Creditors: amounts falling due within one year
(210,201)
(107,694)
Net current assets
25,939
4,037
Total assets less current liabilities
27,448
4,037
Provisions for liabilities
Called up share capital
24
24
Profit and loss account
27,055
4,013
Shareholders' funds
27,079
4,037
For the year ending 31 May 2026 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 15 October 2026 and were signed on its behalf by
Mr G McIndoe
Director
Company Registration No. 8087593
Pioneer Lifts Limited
Notes to the Accounts
for the year ended 31 May 2026
Pioneer Lifts Limited is a private company, limited by shares, registered in England and Wales, registration number 8087593. The registered office is County House, St Mary's Street, Worcester, Worcestershire, WR1 1HB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are paid to the scheme.
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:
Computer equipment
3 years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Pioneer Lifts Limited
Notes to the Accounts
for the year ended 31 May 2026
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
28,786
28,096
Accrued income and prepayments
4,044
3,226
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
14,523
9,937
Taxes and social security
59,738
8,803
Other creditors
4,092
2,545
Loans from directors
15,514
2,135
Deferred income
72,922
54,061
Allotted, called up and fully paid:
24 Ordinary shares of £1 each
24
24
8
Average number of employees
During the year the average number of employees was 3 (2025: 3).