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REGISTERED NUMBER: 05504374 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

PN Computing Limited

PN Computing Limited (Registered number: 05504374)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PN Computing Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: P G Norris





SECRETARY: K J Churchill





REGISTERED OFFICE: 3 Sheen Road
Upone thems
Richmond
Surrey
England
TW91AD





REGISTERED NUMBER: 05504374 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

PN Computing Limited (Registered number: 05504374)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 733 -

CURRENT ASSETS
Debtors 5 706 2,092
Cash at bank 38,446 712
39,152 2,804
CREDITORS
Amounts falling due within one year 6 (25,073 ) (2,702 )
NET CURRENT ASSETS 14,079 102
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,812

102

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 14,811 101
SHAREHOLDERS' FUNDS 14,812 102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2025 and were signed by:



P G Norris - Director


PN Computing Limited (Registered number: 05504374)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

PN Computing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents net invoiced sales of goods and services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023 3,493
Additions 1,763
Disposals (964 )
At 31 October 2024 4,292
DEPRECIATION
At 1 November 2023 3,493
Charge for year 66
At 31 October 2024 3,559
NET BOOK VALUE
At 31 October 2024 733
At 31 October 2023 -

PN Computing Limited (Registered number: 05504374)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax receivable 706 -
Directors' current accounts - 2,092
706 2,092

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 16,199 1,760
Social security and other tax (49 ) (49 )
Directors' current accounts 7,892 -
Accrued expenses 1,031 991
25,073 2,702

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. RESERVES
Retained
earnings
£   

At 1 November 2023 101
Profit for the year 59,814
Dividends (45,104 )
At 31 October 2024 14,811

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
P G Norris
Balance outstanding at start of year 2,092 (80 )
Amounts advanced 4,080 23,120
Amounts repaid (14,065 ) (20,948 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,893 ) 2,092