PIONEER SIGNS LTD - Accounts

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Registered Number: 08856662

England and Wales

PIONEER SIGNS LTD

Abridged Accounts

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

PIONEER SIGNS LTD
Contents Page
For the year ended 31 March 2021

Statement of financial position	1
Notes to the financial statements	2

PIONEER SIGNS LTD
Statement of Financial Position
As at 31 March 2021

	2021 £	2020 £
Current assets
Stocks	11,000	11,000
Debtors: amounts falling due after one year	0	(40,743)
Cash at bank and in hand	4,556	3,193
	15,556	(26,550)
Creditors: amount falling due within one year	0	(965)
Net current assets	15,556	(27,515)

Total assets less current liabilities	15,556	(27,515)
Creditors: amount falling due after more than one year	(29,111)	0
Net liabilities	(13,555)	(27,515)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(13,655)	(27,615)
Shareholder's funds	(13,555)	(27,515)

For the year ended 31 March 2021 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.
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.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 16 December 2021 and were signed on its behalf by:

--------------------------------
Abid Ali
Director

PIONEER SIGNS LTD
Notes to the Abridged Financial Statements
For the year ended 31 March 2021

General Information

PIONEER SIGNS LTD is a private company, limited by shares, registered in England and Wales, registration number 08856662, registration address Unit 5 Green Lane Industrial Estate , Green Lane, Birmingham, West Midlands, B9 5QP

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2020 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 April 2020	21,200	21,200
Additions	-	-
Disposals	-	-
At 31 March 2021	21,200	21,200
Depreciation
At 01 April 2020	21,200	21,200
Charge for year	-	-
On disposals	-	-
At 31 March 2021	21,200	21,200
Net book values
Closing balance as at 31 March 2021	-	-
Opening balance as at 01 April 2020	-	-

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted, called up and fully paid	2021 £		2020 £
100 Class A shares of £1.00 each	100		100
	100		100