Registration number: 03734837

Pioneer Shopfitting Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 9

Pioneer Shopfitting Limited

Company Information

Directors

Mr AJ Piper Mrs NL Morris Miss C Piper

Registered office

9 Spa Road Weymouth Dorset DT3 5EN

Accountants

Ward Goodman Accountancy Services Ltd Chartered Certified Accountants4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Pioneer Shopfitting Limited

(Registration number: 03734837)
Abridged Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	124,840	113,850
Current assets
Stocks		2,500	2,500
Debtors		157,575	498,098
Cash at bank and in hand		224,695	109,746
		384,770	610,344
Prepayments and accrued income		9,085	4,500
Creditors: Amounts falling due within one year		(268,771)	(385,748)
Net current assets		125,084	229,096
Total assets less current liabilities		249,924	342,946
Creditors: Amounts falling due after more than one year		(12,056)	(10,833)
Accruals and deferred income		(6,227)	(69,853)
Net assets		231,641	262,260
Capital and reserves
Called up share capital		10	10
Retained earnings		231,631	262,250
Shareholders' funds		231,641	262,260

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 November 2025 and signed on its behalf by:
 

Pioneer Shopfitting Limited

(Registration number: 03734837)
Abridged Balance Sheet as at 30 April 2025

......................................... Mr AJ Piper Director

Pioneer Shopfitting Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Spa Road
Weymouth
Dorset
DT3 5EN
England

These financial statements were authorised for issue by the Board on 6 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Pioneer Shopfitting Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% on Cost
Electrical test equipment	25% on cost
Tools and equipment	25% on cost
Fixtures and fittings	25% on cost
Motor vehicles	25% on cost
Office equipment	25% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Pioneer Shopfitting Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 6).

Pioneer Shopfitting Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Land and buildings £	Properties under construction  £	Fixtures and fittings £	Plant and machinery £
Cost or valuation
At 1 May 2024	8,529	1,304	37,177	10,299
Additions	-	-	2,735	1,156
Disposals	-	-	-	-
At 30 April 2025	8,529	1,304	39,912	11,455
Depreciation
At 1 May 2024	71	1,304	20,098	5,198
Charge for the year	171	-	5,079	2,046
Eliminated on disposal	-	-	-	-
At 30 April 2025	242	1,304	25,177	7,244
Carrying amount
At 30 April 2025	8,287	-	14,735	4,211
At 30 April 2024	8,458	-	17,079	5,101

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	28,476	108,393	194,178
Additions	1,837	69,900	75,628
Disposals	-	(33,993)	(33,993)
At 30 April 2025	30,313	144,300	235,813
Depreciation
At 1 May 2024	21,126	32,531	80,328
Charge for the year	2,484	28,656	38,436
Eliminated on disposal	-	(7,791)	(7,791)
At 30 April 2025	23,610	53,396	110,973
Carrying amount
At 30 April 2025	6,703	90,904	124,840
At 30 April 2024	7,350	75,862	113,850

Included within the net book value of land and buildings above is £8,287 (2024 - £8,458) in respect of freehold land and buildings.
 

Pioneer Shopfitting Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

5	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £75,458 (2024 - £72,655). At the financial year end, the company had net obligations under hire purchase contracts totalling £20,843 (2024 - £nil), rent commitments totalling £32,267 (2024 - £41,067) and credit card commitments totalling £11,515 (2024 - £10,755).

The company also had bank loan commitments in respect of a government bounce back loan at the financial year end of £10,833 (2024 - £20,833).

Included in the balance sheet are pensions of £633 (2024 - £633). The company operates a money purchase pension scheme on behalf of its directors and employees. The assets of the scheme are held separately in an independently administered fund. At the balance sheet date, unpaid contributions of £633 (2024 - £633) were due to the fund. These are included within creditors.

There were no other financial commitments, contingencies or guarantees made on behalf of directors.