Silverfin false false 28/02/2024 01/03/2023 28/02/2024 Mr A R Joyner 04/01/2001 Mrs K Joyner 06/08/2020 Mr M R Joyner 04/01/2001 Mr A Joyner 04/01/2001 13 November 2024 The principal activity of the company during the financial year was the wholesale and retail of hardware products, flowers and plants, and growing vegetables and nursery products. 04135298 2024-02-28 04135298 bus:Director1 2024-02-28 04135298 bus:Director2 2024-02-28 04135298 bus:Director3 2024-02-28 04135298 bus:Director4 2024-02-28 04135298 2023-02-28 04135298 core:CurrentFinancialInstruments 2024-02-28 04135298 core:CurrentFinancialInstruments 2023-02-28 04135298 core:ShareCapital 2024-02-28 04135298 core:ShareCapital 2023-02-28 04135298 core:RetainedEarningsAccumulatedLosses 2024-02-28 04135298 core:RetainedEarningsAccumulatedLosses 2023-02-28 04135298 core:LandBuildings 2023-02-28 04135298 core:PlantMachinery 2023-02-28 04135298 core:Vehicles 2023-02-28 04135298 core:ComputerEquipment 2023-02-28 04135298 core:LandBuildings 2024-02-28 04135298 core:PlantMachinery 2024-02-28 04135298 core:Vehicles 2024-02-28 04135298 core:ComputerEquipment 2024-02-28 04135298 bus:OrdinaryShareClass1 2024-02-28 04135298 bus:OrdinaryShareClass2 2024-02-28 04135298 bus:OrdinaryShareClass3 2024-02-28 04135298 bus:OrdinaryShareClass4 2024-02-28 04135298 bus:OrdinaryShareClass5 2024-02-28 04135298 bus:OtherShareClass1 2024-02-28 04135298 bus:OtherShareClass2 2024-02-28 04135298 2023-03-01 2024-02-28 04135298 bus:FilletedAccounts 2023-03-01 2024-02-28 04135298 bus:SmallEntities 2023-03-01 2024-02-28 04135298 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 04135298 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 04135298 bus:Director1 2023-03-01 2024-02-28 04135298 bus:Director2 2023-03-01 2024-02-28 04135298 bus:Director3 2023-03-01 2024-02-28 04135298 bus:Director4 2023-03-01 2024-02-28 04135298 core:LandBuildings core:TopRangeValue 2023-03-01 2024-02-28 04135298 core:PlantMachinery core:TopRangeValue 2023-03-01 2024-02-28 04135298 core:Vehicles core:TopRangeValue 2023-03-01 2024-02-28 04135298 core:ComputerEquipment core:TopRangeValue 2023-03-01 2024-02-28 04135298 2022-03-01 2023-02-28 04135298 core:LandBuildings 2023-03-01 2024-02-28 04135298 core:PlantMachinery 2023-03-01 2024-02-28 04135298 core:Vehicles 2023-03-01 2024-02-28 04135298 core:ComputerEquipment 2023-03-01 2024-02-28 04135298 bus:OrdinaryShareClass1 2023-03-01 2024-02-28 04135298 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 04135298 bus:OrdinaryShareClass2 2023-03-01 2024-02-28 04135298 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 04135298 bus:OrdinaryShareClass3 2023-03-01 2024-02-28 04135298 bus:OrdinaryShareClass3 2022-03-01 2023-02-28 04135298 bus:OrdinaryShareClass4 2023-03-01 2024-02-28 04135298 bus:OrdinaryShareClass4 2022-03-01 2023-02-28 04135298 bus:OrdinaryShareClass5 2023-03-01 2024-02-28 04135298 bus:OrdinaryShareClass5 2022-03-01 2023-02-28 04135298 bus:OtherShareClass1 2023-03-01 2024-02-28 04135298 bus:OtherShareClass1 2022-03-01 2023-02-28 04135298 bus:OtherShareClass2 2023-03-01 2024-02-28 04135298 bus:OtherShareClass2 2022-03-01 2023-02-28 04135298 1 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04135298 (England and Wales)

JOYNERS PLANTS LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2024
Pages for filing with the registrar

JOYNERS PLANTS LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2024

Contents

JOYNERS PLANTS LIMITED

BALANCE SHEET

As at 28 February 2024
JOYNERS PLANTS LIMITED

BALANCE SHEET (continued)

As at 28 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,921,826 1,950,498
1,921,826 1,950,498
Current assets
Stocks 517,000 504,000
Debtors 4 1,531,957 402,486
Cash at bank and in hand 1,477,074 1,230,343
3,526,031 2,136,829
Creditors: amounts falling due within one year 5 ( 2,013,582) ( 1,682,064)
Net current assets 1,512,449 454,765
Total assets less current liabilities 3,434,275 2,405,263
Provision for liabilities ( 326,906) ( 322,040)
Net assets 3,107,369 2,083,223
Capital and reserves
Called-up share capital 6 20,008 20,008
Profit and loss account 3,087,361 2,063,215
Total shareholder's funds 3,107,369 2,083,223

For the financial year ending 28 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Joyners Plants Limited (registered number: 04135298) were approved and authorised for issue by the Board of Directors on 13 November 2024. They were signed on its behalf by:

Mr A Joyner
Director
JOYNERS PLANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2024
JOYNERS PLANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Joyners Plants Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Forches Cross, Forches Cross Road, Newton Abbot, Devon, TQ12 6PZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 5 years straight line
Vehicles 4 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 96 86

3. Tangible assets

Land and buildings Plant and machinery Vehicles Computer equipment Total
£ £ £ £ £
Cost
At 01 March 2023 1,029,449 1,601,242 784,349 208,010 3,623,050
Additions 2,662 355,481 36,440 5,857 400,440
Disposals ( 67,953) 0 0 ( 498) ( 68,451)
At 28 February 2024 964,158 1,956,723 820,789 213,369 3,955,039
Accumulated depreciation
At 01 March 2023 255,428 816,137 491,153 109,834 1,672,552
Charge for the financial year 16,965 168,910 125,982 50,450 362,307
Disposals ( 1,632) 0 0 ( 14) ( 1,646)
At 28 February 2024 270,761 985,047 617,135 160,270 2,033,213
Net book value
At 28 February 2024 693,397 971,676 203,654 53,099 1,921,826
At 28 February 2023 774,021 785,105 293,196 98,176 1,950,498

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 1,303,881 294,174
Amounts owed by directors 64,827 0
Prepayments 62,479 68,198
Other debtors 100,770 40,114
1,531,957 402,486

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,102,246 899,385
Amounts owed to directors 105,578 289,100
Accruals 39,467 52,147
Taxation and social security 608,375 308,996
Other creditors 157,916 132,436
2,013,582 1,682,064

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
20,002 Ordinary A shares of £ 1.00 each 20,002 20,002
1 Non-voting convertible Ordinary B share of £ 1.00 1 1
1 Non-voting Ordinary C share of £ 1.00 1 1
1 Non-voting Ordinary D share of £ 1.00 1 1
1 Non-voting Ordinary E share of £ 1.00 1 1
1 Ordinary F share of £ 1.00 1 1
1 Ordinary G share of £ 1.00 1 1
20,008 20,008

7. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Other 23,500 86,500

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Directors loan account 64,827 0

During the year the company made advances to the director of £64,827. It was repaid in full shortly after the year end.

9. Ultimate controlling party

Parent Company:

Joyner Holdings Limited

The most senior parent entity producing publicly available financial statements is Joyner Holdings Limited, incorporated in England. These financial statements are available upon request from Companies House.