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REGISTERED NUMBER: SC240350 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Piscatio Ltd.

Piscatio Ltd. (Registered number: SC240350)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Piscatio Ltd.

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr R J Wallace
Mrs H A Wallace





REGISTERED OFFICE: 100A Gellymill Street
Macduff
Aberdeenshire
AB44 1UX





REGISTERED NUMBER: SC240350 (Scotland)





ACCOUNTANTS: SBP
Accountants
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF

Piscatio Ltd. (Registered number: SC240350)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,672 12,090
Tangible assets 5 149,585 164,858
159,257 176,948

CURRENT ASSETS
Debtors 6 90,545 1,876
Cash at bank 130,347 232,847
220,892 234,723
CREDITORS
Amounts falling due within one year 7 21,325 23,130
NET CURRENT ASSETS 199,567 211,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,824

388,541

PROVISIONS FOR LIABILITIES 30,619 30,942
NET ASSETS 328,205 357,599

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 328,105 357,499
SHAREHOLDERS' FUNDS 328,205 357,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Piscatio Ltd. (Registered number: SC240350)

Balance Sheet - continued
30 November 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





Mr R J Wallace - Director


Piscatio Ltd. (Registered number: SC240350)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Piscatio Ltd. is a private company, limited by shares , registered in Scotland. 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 the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Fishing licence are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Piscatio Ltd. (Registered number: SC240350)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Fishing
licence
£   
COST
At 1 December 2022
and 30 November 2023 24,180
AMORTISATION
At 1 December 2022 12,090
Amortisation for year 2,418
At 30 November 2023 14,508
NET BOOK VALUE
At 30 November 2023 9,672
At 30 November 2022 12,090

5. TANGIBLE FIXED ASSETS
Improvements
to Fishing Marine
property vessel equipment
£    £    £   
COST
At 1 December 2022 2,580 137,805 31,226
Additions - - 9,780
Disposals - - (1,710 )
At 30 November 2023 2,580 137,805 39,296
DEPRECIATION
At 1 December 2022 575 34,502 21,314
Charge for year 51 8,613 4,891
Eliminated on disposal - - (1,582 )
At 30 November 2023 626 43,115 24,623
NET BOOK VALUE
At 30 November 2023 1,954 94,690 14,673
At 30 November 2022 2,005 103,303 9,912

Piscatio Ltd. (Registered number: SC240350)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 92,609 2,704 266,924
Additions - 1,582 11,362
Disposals - (991 ) (2,701 )
At 30 November 2023 92,609 3,295 275,585
DEPRECIATION
At 1 December 2022 43,175 2,500 102,066
Charge for year 12,359 589 26,503
Eliminated on disposal - (987 ) (2,569 )
At 30 November 2023 55,534 2,102 126,000
NET BOOK VALUE
At 30 November 2023 37,075 1,193 149,585
At 30 November 2022 49,434 204 164,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 88,506 -
Other debtors - 125
VAT - 207
Prepayments 2,039 1,544
90,545 1,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 34 -
Tax 13,119 17,191
Social security and other taxes 81 -
VAT 509 -
Other creditors 1,773 1,828
Directors' current accounts 3,528 2,391
Accrued expenses 2,281 1,720
21,325 23,130

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R J Wallace.