PN Computing Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05504374 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2022

for

PN Computing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P G Norris

SECRETARY:

K J Churchill

REGISTERED OFFICE:

1, The Green

Richmond

TW9 1PL

REGISTERED NUMBER:

05504374 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

FIXED ASSETS

Tangible assets

4

427

922

CURRENT ASSETS

Cash at bank

11,945

34,804

CREDITORS

Amounts falling due within one year

5

(5,368

)

(5,755

)

NET CURRENT ASSETS

6,577

29,049

TOTAL ASSETS LESS CURRENT LIABILITIES

7,004

29,971

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

7

7,003

29,970

SHAREHOLDERS' FUNDS

7,004

29,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 22 February 2023 and were signed by:

P G Norris - Director

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.

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 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2021

and 31 October 2022

3,493

DEPRECIATION

At 1 November 2021

2,571

Charge for year

495

At 31 October 2022

3,066

NET BOOK VALUE

At 31 October 2022

427

At 31 October 2021

922

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Corporation tax

4,418

4,649

Social security and other tax

(49

)

(49

)

Directors' current accounts

80

278

Accrued expenses

919

877

5,368

5,755

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary

£1

1

1

7.

RESERVES

Retained

earnings

£

At 1 November 2021

29,970

Profit for the year

18,345

Dividends

(41,312

)

At 31 October 2022

7,003

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P G Norris.