Joyner P. A. (Cymru) Limited

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Joyner P. A. (Cymru) Limited for the year ended 28 February 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Joyner P. A. (Cymru) Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Joyner P. A. (Cymru) Limited , as a body, in accordance with the terms of our engagement letter dated 14 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Joyner P. A. (Cymru) Limited and state those matters that we have agreed to state to the directors of Joyner P. A. (Cymru) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Joyner P. A. (Cymru) Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Joyner P. A. (Cymru) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Joyner P. A. (Cymru) Limited . You consider that Joyner P. A. (Cymru) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Joyner P. A. (Cymru) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

26 November 2025

Pinstripe Ltd

Kestrel Court Pure Offices

Harbour Road

Portishead

Bristol

BS20 7AN

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Joyner P. A. (Cymru) Limited

Balance Sheet

As At 28 February 2025

Balance Sheet

Registered number: 02225651

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		248,584		172,295
Investment Properties	5		217,000		217,000

			465,584		389,295
CURRENT ASSETS
Debtors	6	4,380,959		2,010,656
Cash at bank and in hand		3,549,038		1,285,221

		7,929,997		3,295,877
Creditors: Amounts Falling Due Within One Year	7	(5,153,304 )		(1,716,390 )

NET CURRENT ASSETS (LIABILITIES)			2,776,693		1,579,487

TOTAL ASSETS LESS CURRENT LIABILITIES			3,242,277		1,968,782

PROVISIONS FOR LIABILITIES
Deferred Taxation			(70,207 )		(51,134 )

NET ASSETS			3,172,070		1,917,648

CAPITAL AND RESERVES
Called up share capital	11		10,650		10,650
Capital redemption reserve			14,350		14,350
Fair value reserve			41,992		41,992
Profit and Loss Account			3,105,078		1,850,656

SHAREHOLDERS' FUNDS			3,172,070		1,917,648

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Joyner P. A. (Cymru) Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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

26 November 2025

The notes on pages 4 to 8 form part of these financial statements.

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Joyner P. A. (Cymru) Limited

Notes to the Financial Statements

For The Year Ended 28 February 2025

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.

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Joyner P. A. (Cymru) Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

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.

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Joyner P. A. (Cymru) Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

3. Average Number of Employees

The average number of employees, including directors, during the year was 31 (2024: 25)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 March 2024	23,950	12,552	369,883	29,726	436,111
Additions	-	-	170,654	2,005	172,659
Disposals	-	-	(57,472 )	-	(57,472 )

As at 28 February 2025	23,950	12,552	483,065	31,731	551,298

Depreciation
As at 1 March 2024	23,950	12,552	199,396	27,918	263,816
Provided during the period	-	-	74,747	1,834	76,581
Disposals	-	-	(37,683 )	-	(37,683 )

As at 28 February 2025	23,950	12,552	236,460	29,752	302,714

Net Book Value
As at 28 February 2025	-	-	246,605	1,979	248,584

As at 1 March 2024	-	-	170,487	1,808	172,295

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	-	11,917

5. Investment Property

	2025
	£
Fair Value
As at 1 March 2024 and 28 February 2025	217,000

In the opinion of the directors, the fair value of the investment properties was £217,000 as at 28 February 2025 (2024: £217,000).

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Joyner P. A. (Cymru) Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	772,766	895,147
Other debtors	3,608,193	1,115,509

	4,380,959	2,010,656

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	5,635
Trade creditors	890,785	456,926
Other creditors	3,332,280	769,717
Taxation and social security	930,239	484,112

	5,153,304	1,716,390

8. Secured Creditors

The following secured debts are included within creditors:

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	-		5,635

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	6,299
Less: Finance charges allocated to future periods	-	664

	-	5,635

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Joyner P. A. (Cymru) Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 March 2024	51,134	51,134
Deferred taxation	19,073	19,073

Balance at 28 February 2025	70,207	70,207

The provision for deferred taxation is made up of accelerated capital allowances and changes in the fair value of investment properties.

11. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
10,650 Ordinary Shares of £ 1.000 each	10,650	10,650

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	23,000	23,000

	23,000	23,000

13. 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 £114,498 2024: £140,303) and were invoiced £347,848 (2024: £243,179) for materials, labour and administrative expenses.

As at 28 February 2025, £105,342 (2024: £102,486) was owed by and £86,923 (2024: £34,257) was owed to Joyner P.A Limited.

During the year £23,000 (2024: £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.

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