Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr Joe Dunn 22/09/2020 26 June 2025 The principal activity of the Company during the financial year was repair and distribution of plant and machinery and farming activites. 12896701 2024-09-30 12896701 bus:Director1 2024-09-30 12896701 2023-09-30 12896701 core:CurrentFinancialInstruments 2024-09-30 12896701 core:CurrentFinancialInstruments 2023-09-30 12896701 core:Non-currentFinancialInstruments 2024-09-30 12896701 core:Non-currentFinancialInstruments 2023-09-30 12896701 core:ShareCapital 2024-09-30 12896701 core:ShareCapital 2023-09-30 12896701 core:RetainedEarningsAccumulatedLosses 2024-09-30 12896701 core:RetainedEarningsAccumulatedLosses 2023-09-30 12896701 core:LandBuildings 2023-09-30 12896701 core:PlantMachinery 2023-09-30 12896701 core:OfficeEquipment 2023-09-30 12896701 core:LandBuildings 2024-09-30 12896701 core:PlantMachinery 2024-09-30 12896701 core:OfficeEquipment 2024-09-30 12896701 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-09-30 12896701 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-09-30 12896701 bus:OrdinaryShareClass1 2024-09-30 12896701 2023-10-01 2024-09-30 12896701 bus:FilletedAccounts 2023-10-01 2024-09-30 12896701 bus:SmallEntities 2023-10-01 2024-09-30 12896701 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12896701 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12896701 bus:Director1 2023-10-01 2024-09-30 12896701 core:LandBuildings core:TopRangeValue 2023-10-01 2024-09-30 12896701 core:PlantMachinery core:TopRangeValue 2023-10-01 2024-09-30 12896701 core:OfficeEquipment core:TopRangeValue 2023-10-01 2024-09-30 12896701 2022-10-01 2023-09-30 12896701 core:LandBuildings 2023-10-01 2024-09-30 12896701 core:PlantMachinery 2023-10-01 2024-09-30 12896701 core:OfficeEquipment 2023-10-01 2024-09-30 12896701 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 12896701 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 12896701 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 12896701 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12896701 (England and Wales)

JOE DUNN PLANT LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

JOE DUNN PLANT LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

JOE DUNN PLANT LIMITED

BALANCE SHEET

As at 30 September 2024
JOE DUNN PLANT LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 722,756 515,495
722,756 515,495
Current assets
Stocks 607,713 398,756
Debtors 4 503,309 224,492
1,111,022 623,248
Creditors: amounts falling due within one year 5 ( 880,104) ( 588,955)
Net current assets 230,918 34,293
Total assets less current liabilities 953,674 549,788
Creditors: amounts falling due after more than one year 6 ( 397,795) ( 117,254)
Provision for liabilities ( 129,500) ( 99,100)
Net assets 426,379 333,434
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 426,279 333,334
Total shareholder's funds 426,379 333,434

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Joe Dunn Plant Limited (registered number: 12896701) were approved and authorised for issue by the Director on 26 June 2025. They were signed on its behalf by:

Mr Joe Dunn
Director
JOE DUNN PLANT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
JOE DUNN PLANT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

Joe Dunn Plant 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 Meadow View Daws Green, Trull, Taunton, TA3 7NX, 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.
Revenue from services is recognised as they are delivered.

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, reducing balance] basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 10 years straight line
Office equipment 4 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.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Land and buildings Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 October 2023 123,703 465,468 579 589,750
Additions 0 336,468 3,343 339,811
Disposals 0 ( 100,946) 0 ( 100,946)
At 30 September 2024 123,703 700,990 3,922 828,615
Accumulated depreciation
At 01 October 2023 3,829 70,158 268 74,255
Charge for the financial year 2,477 47,820 584 50,881
Disposals 0 ( 19,277) 0 ( 19,277)
At 30 September 2024 6,306 98,701 852 105,859
Net book value
At 30 September 2024 117,397 602,289 3,070 722,756
At 30 September 2023 119,874 395,310 311 515,495

4. Debtors

2024 2023
£ £
Trade debtors 383,156 24,788
Amounts owed by related parties 44,000 164,585
Corporation tax 6,105 0
Other debtors 70,048 35,119
503,309 224,492

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 133,847 4,680
Trade creditors 298,677 89,858
Taxation and social security 0 23,479
Obligations under finance leases and hire purchase contracts (secured) 146,318 55,492
Other creditors 301,262 415,446
880,104 588,955

The obligations under finance leases and hire purchase contracts due within one year of £146,318 (2023: £55,492) are secured over the assets to which they relate.

Included in other creditors are borrowings of £83,823 (2023: £190,164) which are secured over assets included in Stock.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 123,605 0
Other loans (secured) 4,266 16,234
Obligations under finance leases and hire purchase contracts (secured) 269,924 101,020
397,795 117,254

The obligations under other loans £4,266 (2023: £16,234) and finance leases and hire purchase contracts due after more than one year of £269,924 (2023: £101,020) are secured over the assets to which they relate.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

During the year, the company made purchases of £201,882 (2023: £116,551) from and sales of £234,175 (2023: £183,949) to a company under the control of an immediate family member of the director. At the year end, a balance of £192,655 (2023: £164,585) was due from this company.

During the year, the company made purchases of £52,826 (2023: £43,014) from and sales of £43,975 (2023: £87,347) to a partnership under the joint control of immediate family members. At the year end, a balance of £5,074 (2023: £2,139) was owed to this partnership.

During the year, the company made purchases of £275,413 (2023: £36,608) from and sales of £32,221 (2023: £97,246) to a company under the control of an immediate family member of the director. At the year end, a balance of £4,740 was owed to this company (2023: £21,526 was due from this company).

During the year, the company made purchases of £1,667 (2023: £Nil) from and sales of £Nil (2023: £Nil) to a company under the control of an immediate family member of the director. At the year end, a balance of £2,000 was owed to this company (2023: £Nil).

During the year, the company made purchases of £169,414 (2023: £219,425) from and sales of £780,922 (2023: £484,447) to a company under the joint control of the director. At the year end, a balance of £133,978 (2023:£13,592) was due from this company.