Acorah Software Products - Accounts Production 16.5.460 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 10784326 Mr George Mouktaris Mr Abdullah Aruk M.N.C. Management Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10784326 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-07-31 10784326 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2025-07-31 10784326 2024-07-31 10784326 2025-07-31 10784326 2024-08-01 2025-07-31 10784326 frs-core:CurrentFinancialInstruments 2025-07-31 10784326 frs-core:Non-currentFinancialInstruments 2025-07-31 10784326 frs-core:FurnitureFittings 2025-07-31 10784326 frs-core:FurnitureFittings 2024-08-01 2025-07-31 10784326 frs-core:FurnitureFittings 2024-07-31 10784326 frs-core:NetGoodwill 2025-07-31 10784326 frs-core:NetGoodwill 2024-08-01 2025-07-31 10784326 frs-core:NetGoodwill 2024-07-31 10784326 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-07-31 10784326 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-01 2025-07-31 10784326 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 10784326 frs-core:ShareCapital 2025-07-31 10784326 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 10784326 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 10784326 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 10784326 frs-bus:SmallEntities 2024-08-01 2025-07-31 10784326 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 10784326 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 10784326 frs-bus:Director1 2024-08-01 2025-07-31 10784326 frs-bus:Director2 2024-08-01 2025-07-31 10784326 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 10784326 frs-core:Non-currentFinancialInstruments 1 2025-07-31 10784326 frs-countries:EnglandWales 2024-08-01 2025-07-31 10784326 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-07-31 10784326 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-07-31 10784326 2023-07-31 10784326 2024-07-31 10784326 2023-08-01 2024-07-31 10784326 frs-core:CurrentFinancialInstruments 2024-07-31 10784326 frs-core:Non-currentFinancialInstruments 2024-07-31 10784326 frs-core:ShareCapital 2024-07-31 10784326 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10784326 frs-core:Non-currentFinancialInstruments 1 2024-07-31
Registered number: 10784326
Pisces Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Mouktaris & Co Ltd
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Pisces Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Pisces Ltd
Statement of Financial Position
As At 31 July 2025
Statement of Financial Position
Registered number: 10784326

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 90,000 |  | 90,000
Tangible Assets | 5 |  | 143,962 |  | 152,206
|  |  | 233,962 |  | 242,206
CURRENT ASSETS
Stocks | 6 | 2,765 |  | 3,465 |
Debtors | 7 | 10,786 |  | 12,708 |
Cash at bank and in hand |  | 80,534 |  | 62,670 |
|  | 94,085 |  | 78,843 |
Creditors: Amounts Falling Due Within One Year | 8 | (59,795 ) |  | (55,637 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 34,290 |  | 23,206
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 268,252 |  | 265,412
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (52,217 ) |  | (99,016 )
NET ASSETS |  |  | 216,035 |  | 166,396
CAPITAL AND RESERVES
Called up share capital | 11 |  | 1,001 |  | 1,001
Income Statement |  |  | 215,034 |  | 165,395
SHAREHOLDERS' FUNDS |  |  | 216,035 |  | 166,396

Page 1
Page 2
Pisces Ltd
Statement of Financial Position (continued)
As At 31 July 2025
For the year ending 31 July 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr Abdullah Aruk Director
17 October 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Pisces Ltd
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Pisces Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10784326 . The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is not amortised to the income statement over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | over the life of the lease
Fixtures & Fittings | 15% reducing balance

2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.7. Financial Instruments
Basic financial assets
Basic financial assets include cash, trade receivables, loans receivable and other financial instruments that meet the relevant conditions.
These assets are initially recognised at transaction price (including transaction costs) unless the arrangement constitutes a financing transaction, in which case the asset is measured at the present value of future receipts discounted at a market rate of interest.
Subsequently, basic financial assets are measured at amortised cost using the effective interest method, less any impairment losses. At each reporting date, the company assesses whether there is objective evidence of impairment. If such evidence exists, the carrying amount is reduced and the loss is recognised in the income statement.
Basic financial assets are derecognised when the rights to the cash flows from the asset expire or are substantially transferred to a third party.
Basic financial liabilities
...CONTINUED
Page 3
Page 4
Pisces Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
2.7. Financial Instruments - continued
Basic financial liabilities include trade payables, accruals, loans payable and other financial instruments that meet the relevant conditions.
These liabilities are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction. In such cases, the liability is measured at the present value of future payments discounted at a market rate of interest.
Subsequently, basic financial liabilities are measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the obligation is discharged, cancelled, or expires.
2.8. Taxation
The tax expense represents the sum of the corporation tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 August 2024 | 90,000
As at 31 July 2025 | 90,000
Net Book Value
As at 31 July 2025 | 90,000
As at 1 August 2024 | 90,000

Page 4
Page 5
Pisces Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Fixtures & Fittings | Total
| £ | £ | £
Cost
As at 1 August 2024 | 199,802 | 58,680 | 258,482
Additions | 5,000 | 5,943 | 10,943
As at 31 July 2025 | 204,802 | 64,623 | 269,425
Depreciation
As at 1 August 2024 | 76,595 | 29,681 | 106,276
Provided during the period | 13,946 | 5,241 | 19,187
As at 31 July 2025 | 90,541 | 34,922 | 125,463
Net Book Value
As at 31 July 2025 | 114,261 | 29,701 | 143,962
As at 1 August 2024 | 123,207 | 28,999 | 152,206

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Closing stock | 2,765 |  | 3,465

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 106 |  | 690
Prepayments and accrued income | 4,248 |  | 5,691
Rent deposit | 6,000 |  | 6,000
Other taxes and social security | 432 |  | 327
| 10,786 |  | 12,708

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 8,836 |  | 15,015
Bank loans and overdrafts | 5,597 |  | 5,597
Corporation tax | 19,540 |  | 11,097
VAT | 21,852 |  | 15,574
Accruals and deferred income | 1,901 |  | 2,100
Directors' loan accounts | 2,069 |  | 6,254
| 59,795 |  | 55,637

Page 5
Page 6
Pisces Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 19,727 |  | 24,610
Shareholders' loan | 32,490 |  | 74,406
| 52,217 |  | 99,016

10. Loans
An analysis of the maturity of loans is given below:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 5,597 |  | 5,597

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Bank loans | 19,727 |  | 24,610

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,001 |  | 1,001

Page 6