Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 02225651 Mr Philip Joyner Mr Luke Joyner Mr Robert Newell Mr Robert Vokes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02225651 2023-02-28 02225651 2024-02-29 02225651 2023-03-01 2024-02-29 02225651 frs-core:CurrentFinancialInstruments 2024-02-29 02225651 frs-core:Non-currentFinancialInstruments 2024-02-29 02225651 frs-core:ComputerEquipment 2023-03-01 2024-02-29 02225651 frs-core:FurnitureFittings 2024-02-29 02225651 frs-core:FurnitureFittings 2023-03-01 2024-02-29 02225651 frs-core:FurnitureFittings 2023-02-28 02225651 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 02225651 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 02225651 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 02225651 frs-core:MotorVehicles 2024-02-29 02225651 frs-core:MotorVehicles 2023-03-01 2024-02-29 02225651 frs-core:MotorVehicles 2023-02-28 02225651 frs-core:PlantMachinery 2024-02-29 02225651 frs-core:PlantMachinery 2023-03-01 2024-02-29 02225651 frs-core:PlantMachinery 2023-02-28 02225651 frs-core:WithinOneYear 2024-02-29 02225651 frs-core:CapitalRedemptionReserve 2024-02-29 02225651 frs-core:ShareCapital 2024-02-29 02225651 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 02225651 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 02225651 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 02225651 frs-bus:SmallEntities 2023-03-01 2024-02-29 02225651 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 02225651 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 02225651 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 02225651 frs-bus:OrdinaryShareClass1 2024-02-29 02225651 frs-core:DeferredTaxation 2023-03-01 2024-02-29 02225651 frs-core:DeferredTaxation 2023-02-28 02225651 frs-core:DeferredTaxation 2024-02-29 02225651 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 02225651 frs-bus:Director1 2023-03-01 2024-02-29 02225651 frs-bus:Director2 2023-03-01 2024-02-29 02225651 frs-bus:Director3 2023-03-01 2024-02-29 02225651 frs-bus:Director4 2023-03-01 2024-02-29 02225651 frs-countries:EnglandWales 2023-03-01 2024-02-29 02225651 2022-02-28 02225651 2023-02-28 02225651 2022-03-01 2023-02-28 02225651 frs-core:CurrentFinancialInstruments 2023-02-28 02225651 frs-core:Non-currentFinancialInstruments 2023-02-28 02225651 frs-core:BetweenOneFiveYears 2023-02-28 02225651 frs-core:MotorVehicles 2022-03-01 2023-02-28 02225651 frs-core:WithinOneYear 2023-02-28 02225651 frs-core:CapitalRedemptionReserve 2023-02-28 02225651 frs-core:ShareCapital 2023-02-28 02225651 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 02225651 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28 02225651 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28
Registered number: 02225651
Joyner P. A. (Cymru) Limited
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02225651
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 172,295 146,244
Investment Properties 5 217,000 217,000
389,295 363,244
CURRENT ASSETS
Debtors 6 2,010,656 1,743,349
Cash at bank and in hand 1,285,221 758,562
3,295,877 2,501,911
Creditors: Amounts Falling Due Within One Year 7 (1,716,390 ) (1,285,021 )
NET CURRENT ASSETS (LIABILITIES) 1,579,487 1,216,890
TOTAL ASSETS LESS CURRENT LIABILITIES 1,968,782 1,580,134
Creditors: Amounts Falling Due After More Than One Year 8 - (5,635 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,134 ) (37,788 )
NET ASSETS 1,917,648 1,536,711
CAPITAL AND RESERVES
Called up share capital 12 10,650 13,200
Capital redemption reserve 14,350 11,800
Fair Value Reserve 41,992 41,992
Profit and Loss Account 1,850,656 1,469,719
SHAREHOLDERS' FUNDS 1,917,648 1,536,711
Page 1
Page 2
For the year ending 29 February 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Luke Joyner
Director
23 August 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Joyner P. A. (Cymru) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02225651 . The registered office is 1 Commercial Court, 8 Commercial Lane, Risca, Newport, NP11 6AN.
The presentation currency of the financial statements is the Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover, which is stated net of Value Added Tax, represents the value of services provided to third parties including long-term contract work in progress where turnover represents sales value of work done in the year including amounts not invoiced.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses
Depreciation is provided at following annual rates in order to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25%-33% reducing balance
Fixtures & Fittings 25%-33% on cost
Computer Equipment 33% on cost
2.4. Investment Properties
Investment properties are included in the Balance sheet at their fair value in accordance with the Financial Reporting Standard 102 and are not depreciated.
The fair value of the investment properties are considered annually by the directors in the light of known movements and trends in the property market and taking account of the directors knowledge and experience of the market place for such properties. Periodically the directors consult with professional advisors to confirm that their views are in line with those of the industry.
Any aggregate surplus or deficit arising on revaluation is recognised in the profit and loss account and allocated to a fair value reserve.
Page 3
Page 4
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter with a full charge on the year of acquisition.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.6. Financial Instruments
Financial liabilities and equity instruments are classified and accounted for according to the substance of contractual arrangements, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
2.8. Pensions
The company operates a defined pension contribution scheme. The assets of the scheme are held separately from those of the company. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Long-term contracts
Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
Page 4
Page 5
3. Average Number of Employees
The average number of employees, including directors, during the year was 25 (2023: 27)
25 27
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2023 23,950 12,552 321,065 28,756 386,323
Additions - - 87,500 970 88,470
Disposals - - (38,682 ) - (38,682 )
As at 29 February 2024 23,950 12,552 369,883 29,726 436,111
Depreciation
As at 1 March 2023 23,950 12,552 177,399 26,178 240,079
Provided during the period - - 59,487 1,740 61,227
Disposals - - (37,490 ) - (37,490 )
As at 29 February 2024 23,950 12,552 199,396 27,918 263,816
Net Book Value
As at 29 February 2024 - - 170,487 1,808 172,295
As at 1 March 2023 - - 143,666 2,578 146,244
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 11,917 15,494
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 217,000
In the opinion of the directors, the fair value of the investment properties was £217,000 as at 29 February 2024 (2023: £217,000).
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 895,147 421,478
Other debtors 1,115,509 1,321,871
2,010,656 1,743,349
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,635 8,825
Trade creditors 456,926 484,913
Other creditors 769,717 575,887
Taxation and social security 484,112 215,396
1,716,390 1,285,021
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 5,635
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,635 14,460
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,299 9,838
Later than one year and not later than five years - 6,299
6,299 16,137
Less: Finance charges allocated to future periods 664 1,677
5,635 14,460
Page 6
Page 7
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 March 2023 37,788 37,788
Deferred taxation 13,346 13,346
Balance at 29 February 2024 51,134 51,134
The provision for deferred taxation is made up of accelerated capital allowances and changes in the fair value of investment properties.
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10,650 Ordinary Shares of £ 1.000 each 10,650 13,200
Shares disposed during the period: £
2,550 Ordinary Shares of £ 1.000 each (2,550)
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 23,000 23,000
Later than one year and not later than five years - 23,000
23,000 46,000
14. Related Party Transactions
P A Joyner, L M Joyner & R Vokes are directors of Joyner P.A Limited.
During the year Joyner P.A (Cymru) Limited invoiced Joyner P.A Limited £140,303 (2023: £66,845) and were invoiced £243,179 (2023: £209,054) for materials, labour and administrative expenses.

As at 29 February 2024, £102,486 (2023: £101,691) was owed by and £34,257 (2023: £102,752) was owed to Joyner P.A Limited.
During the year £23,000 (2023: £23,000) in rent was paid to the Joyner P.A Limited Executive Pension Scheme. P A Joyner and L M Joyner are trustees and beneficiaries of the pension scheme.
Mr L M Joyner and Mrs K J Joyner jointly own the company by virtue of their shareholdings.
On 31st July 2023, the company agreed to purchase 2,350 Ordinary shares from Mrs S Joyner, a previous director and shareholder. The total price paid for these shares amounted to £221,113.
Page 7