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 01684550 Mr Philip Joyner Mr Luke Joyner Mr Robert Vokes Mr David Crispin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01684550 2023-02-28 01684550 2024-02-29 01684550 2023-03-01 2024-02-29 01684550 frs-core:CurrentFinancialInstruments 2024-02-29 01684550 frs-core:ComputerEquipment 2024-02-29 01684550 frs-core:ComputerEquipment 2023-03-01 2024-02-29 01684550 frs-core:ComputerEquipment 2023-02-28 01684550 frs-core:FurnitureFittings 2024-02-29 01684550 frs-core:FurnitureFittings 2023-03-01 2024-02-29 01684550 frs-core:FurnitureFittings 2023-02-28 01684550 frs-core:MotorVehicles 2024-02-29 01684550 frs-core:MotorVehicles 2023-03-01 2024-02-29 01684550 frs-core:MotorVehicles 2023-02-28 01684550 frs-core:PlantMachinery 2024-02-29 01684550 frs-core:PlantMachinery 2023-03-01 2024-02-29 01684550 frs-core:PlantMachinery 2023-02-28 01684550 frs-core:WithinOneYear 2024-02-29 01684550 frs-core:CapitalRedemptionReserve 2024-02-29 01684550 frs-core:SharePremium 2024-02-29 01684550 frs-core:ShareCapital 2024-02-29 01684550 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 01684550 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 01684550 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 01684550 frs-bus:SmallEntities 2023-03-01 2024-02-29 01684550 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 01684550 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 01684550 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 01684550 frs-bus:OrdinaryShareClass1 2024-02-29 01684550 frs-core:DeferredTaxation 2023-03-01 2024-02-29 01684550 frs-core:DeferredTaxation 2023-02-28 01684550 frs-core:DeferredTaxation 2024-02-29 01684550 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 01684550 frs-core:UnlistedNon-exchangeTraded 2024-02-29 01684550 frs-core:UnlistedNon-exchangeTraded 2023-02-28 01684550 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 01684550 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 01684550 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 01684550 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 01684550 frs-bus:Director1 2023-03-01 2024-02-29 01684550 frs-bus:Director2 2023-03-01 2024-02-29 01684550 frs-bus:Director3 2023-03-01 2024-02-29 01684550 frs-bus:Director4 2023-03-01 2024-02-29 01684550 frs-countries:EnglandWales 2023-03-01 2024-02-29 01684550 2022-02-28 01684550 2023-02-28 01684550 2022-03-01 2023-02-28 01684550 frs-core:CurrentFinancialInstruments 2023-02-28 01684550 frs-core:BetweenOneFiveYears 2023-02-28 01684550 frs-core:WithinOneYear 2023-02-28 01684550 frs-core:CapitalRedemptionReserve 2023-02-28 01684550 frs-core:SharePremium 2023-02-28 01684550 frs-core:ShareCapital 2023-02-28 01684550 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 01684550 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28 01684550 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28
Registered number: 01684550
Joyner P. A. 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: 01684550
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 182,754 185,703
Investment Properties 5 506,554 506,554
Investments 6 80,864 80,864
770,172 773,121
CURRENT ASSETS
Debtors 7 1,744,740 1,947,685
Cash at bank and in hand 1,811,487 901,011
3,556,227 2,848,696
Creditors: Amounts Falling Due Within One Year 8 (2,050,423 ) (1,790,035 )
NET CURRENT ASSETS (LIABILITIES) 1,505,804 1,058,661
TOTAL ASSETS LESS CURRENT LIABILITIES 2,275,976 1,831,782
PROVISIONS FOR LIABILITIES
Deferred Taxation (82,383 ) (55,599 )
NET ASSETS 2,193,593 1,776,183
CAPITAL AND RESERVES
Called up share capital 10 10,750 10,750
Share premium account 2,500 2,500
Capital redemption reserve 14,250 14,250
Fair Value Reserve 153,074 153,074
Profit and Loss Account 2,013,019 1,595,609
SHAREHOLDERS' FUNDS 2,193,593 1,776,183
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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. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01684550 . The registered office is 1 Commercial Court, Commercial Street, Pontymister, Newport, NP11 6AW.
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:
Plant & Machinery 25% on cost
Motor Vehicles 25%-33% reducing balance
Fixtures & Fittings 25% 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.
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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 (including fair value adjustments) 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. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Fixed asset investment
Fixed asset investments are stated at cost less accumulated impairment losses.
2.10. 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.
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2.11. 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.
3. Average Number of Employees
The average number of employees, including directors, during the year was 22 (2023: 21)
22 21
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 16,611 300,981 20,881 23,030 361,503
Additions 5,771 97,864 - 695 104,330
Disposals - (67,255 ) - - (67,255 )
As at 29 February 2024 22,382 331,590 20,881 23,725 398,578
Depreciation
As at 1 March 2023 11,012 122,945 20,881 20,962 175,800
Provided during the period 3,301 70,017 - 1,341 74,659
Disposals - (34,635 ) - - (34,635 )
As at 29 February 2024 14,313 158,327 20,881 22,303 215,824
Net Book Value
As at 29 February 2024 8,069 173,263 - 1,422 182,754
As at 1 March 2023 5,599 178,036 - 2,068 185,703
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 506,554
Cost or valuation of the investment property at 29 February 2024:
In the opinion of the directors, the fair value of the investment properties was £506,554 as at 29 February 2024 (2023: £506,554).
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6. Investments
Unlisted
£
Cost
As at 1 March 2023 80,864
As at 29 February 2024 80,864
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 80,864
As at 1 March 2023 80,864
The company's investments at the Balance Sheet date in the share capital of the companies include the following:
Joyner P.A. (Cymru) Limited
Registered office: 1 Commercial Court, 8 Commercial Lane, NP11 6AN
Nature of business:  Specialist contractor services
Class of Shares: Ordinary 11.74% holding
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,252,145 1,323,062
Amounts recoverable on contracts 392,313 462,862
Amounts owed by participating interests 34,257 102,752
Other debtors 66,025 59,009
1,744,740 1,947,685
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 491,078 695,036
Amounts owed to participating interests 102,486 101,691
Other creditors 1,069,744 703,279
Taxation and social security 387,115 290,029
2,050,423 1,790,035
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9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 March 2023 55,599 55,599
Deferred taxation 26,784 26,784
Balance at 29 February 2024 82,383 82,383
The provision for deferred taxation is made up of accelerated capital allowances and changes in fair value of investment property.
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10,750 Ordinary Shares of £ 1.000 each 10,750 10,750
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 17,568 17,568
Later than one year and not later than five years - 17,568
17,568 35,136
12. Related Party Transactions
P A Joyner, L M Joyner & R Vokes are directors of Joyner P.A. (Cymru) Limited. During the year Joyner P.A. Limited invoiced Joyner P.A. (Cymru) Limited £243,179 (2023: £209,054) and were invoiced £140,303 (2023: £66,845) for materials, labour and administrative expenses.
At 29 February 2024, £34,257 (2023: £102,752) was owed by and £102,486 (2023: £101,691) was owed to Joyner P.A. (Cymru) Limited. These amounts are unsecured, interest free and repayable on demand.
The company paid rent of £19,904 (2023: £17,600) to the Joyner P.A. Limited Executive Pension Scheme. P A Joyner, S P Joyner, L M Joyner are trustees and beneficiaries of the pension scheme.
At 29 February 2024, £850 (2023: £Nil) was owed by Joyner P.A. Limited Executive Pension Scheme. This amount is unsecured, interest free and repayable on demand.
Mr L M Joyner and Mrs K J Joyner jointly own the company by virtue of their shareholdings.
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