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REGISTERED NUMBER: SC463915 (Scotland)















Financial Statements For The Year Ended 30 November 2024

for

Piscio Ltd

Piscio Ltd (Registered number: SC463915)






Contents of the Financial Statements
For The Year Ended 30 November 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Piscio Ltd

Company Information
For The Year Ended 30 November 2024







DIRECTOR: A Pia





REGISTERED OFFICE: c/o Robb Ferguson
Regent Court
70 West Regent Street
Glasgow
G2 2QZ





REGISTERED NUMBER: SC463915 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Piscio Ltd (Registered number: SC463915)

Abridged Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 900 1,500
Tangible assets 5 158,978 164,275
159,878 165,775

CURRENT ASSETS
Stocks 6,500 7,200
Debtors 21,972 41,346
Cash at bank and in hand 63,256 30,392
91,728 78,938
CREDITORS
Amounts falling due within one year 75,563 65,050
NET CURRENT ASSETS 16,165 13,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,043

179,663

CREDITORS
Amounts falling due after more than one
year

6

(100,119

)

(117,177

)

PROVISIONS FOR LIABILITIES (6,378 ) (6,743 )
NET ASSETS 69,546 55,743

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,446 55,643
SHAREHOLDERS' FUNDS 69,546 55,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Piscio Ltd (Registered number: SC463915)

Abridged Statement of Financial Position - continued
30 November 2024


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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 26 August 2025 and were signed by:





A Pia - Director


Piscio Ltd (Registered number: SC463915)

Notes to the Financial Statements
For The Year Ended 30 November 2024

1. STATUTORY INFORMATION

Piscio 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Piscio Ltd (Registered number: SC463915)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Current or deferred taxation assets and liabilities are not discounted.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023
and 30 November 2024 6,000
AMORTISATION
At 1 December 2023 4,500
Amortisation for year 600
At 30 November 2024 5,100
NET BOOK VALUE

At 30 November 2024 900
At 30 November 2023 1,500

Piscio Ltd (Registered number: SC463915)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 232,616
Additions 2,680
At 30 November 2024 235,296
DEPRECIATION
At 1 December 2023 68,341
Charge for year 7,977
At 30 November 2024 76,318
NET BOOK VALUE
At 30 November 2024 158,978
At 30 November 2023 164,275

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 60,879 67,953

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loan 98,449 105,525

The company's bankers, The Royal Bank of Scotland, hold a bond and floating charge over the company's assets.