Abbreviated Company Accounts - PIONEER RAIL SERVICES LIMITED

Abbreviated Company Accounts - PIONEER RAIL SERVICES LIMITED

PIONEER RAIL SERVICES LIMITED - Company Information

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Registered Number 08996621

PIONEER RAIL SERVICES LIMITED

Abbreviated Accounts

30 April 2016

PIONEER RAIL SERVICES LIMITED Registered Number 08996621

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 403 507
Investments 3 100 -
503 507
Current assets
Debtors 56,055 7,089
Cash at bank and in hand 88,328 82,088
144,383 89,177
Creditors: amounts falling due within one year (13,005) (22,467)
Net current assets (liabilities) 131,378 66,710
Total assets less current liabilities 131,881 67,217
Provisions for liabilities (80) (101)
Total net assets (liabilities) 131,801 67,116
Capital and reserves
Called up share capital 4 110 10
Profit and loss account 131,691 67,106
Shareholders' funds 131,801 67,116
  • For the year ending 30 April 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 January 2017

And signed on their behalf by:
Michael Arthur Gordon Jacob, Director

PIONEER RAIL SERVICES LIMITED Registered Number 08996621

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% straight line

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value,

Group accounts
The company is entitled to the exemption under section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Tangible fixed assets
£
Cost
At 1 May 2015 579
Additions 50
Disposals -
Revaluations -
Transfers -
At 30 April 2016 629
Depreciation
At 1 May 2015 72
Charge for the year 154
On disposals -
At 30 April 2016 226
Net book values
At 30 April 2016 403
At 30 April 2015 507

3Fixed assets Investments
Investment details
Subsidiary undertaking 2016 - 100 2015 - 0

Holdings of 20% or more
The company holds 20% or more of the share capital of the following companies:

Company
Subsidiary undertaking - Pioneer Diesels limited

Country of registration or incorporation - England & Wales

Nature of business - preservation and hie of diesel locomotives

Shares held Class - Ordinary

% - 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Pioneer Diesels Limited
Capital and reserves - (80,911)
Loss for the year - (41,120)

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
110 Ordinary shares of £1 each (10 shares for 2015) 110 10