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Company Registration No. 06724586 (England and Wales)
PNN CONSTRUCTION LTD Unaudited accounts for the year ended 31 October 2024
PNN CONSTRUCTION LTD Unaudited accounts Contents
Page
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PNN CONSTRUCTION LTD Company Information for the year ended 31 October 2024
Directors
Petko Nikolov Galya Nikolova
Company Number
06724586 (England and Wales)
Registered Office
37 Stapleton Road Bexleyheath DA7 5QE
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PNN CONSTRUCTION LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,282 
45,397 
Current assets
Cash at bank and in hand
34,901 
33,525 
Creditors: amounts falling due within one year
(31,531)
(28,000)
Net current assets
3,370 
5,525 
Total assets less current liabilities
46,652 
50,922 
Creditors: amounts falling due after more than one year
(16,400)
(24,163)
Net assets
30,252 
26,759 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
30,152 
26,659 
Shareholders' funds
30,252 
26,759 
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by
Petko Nikolov Director Company Registration No. 06724586
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PNN CONSTRUCTION LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
PNN CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 06724586. The registered office is 37 Stapleton Road, Bexleyheath, DA7 5QE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2023
51,119 
At 31 October 2024
51,119 
Depreciation
At 1 November 2023
5,722 
Charge for the year
2,115 
At 31 October 2024
7,837 
Net book value
At 31 October 2024
43,282 
At 31 October 2023
45,397 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,757 
674 
Other creditors
29,774 
27,326 
31,531 
28,000 
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PNN CONSTRUCTION LTD Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,400 
24,163 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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