REGISTERED NUMBER: SC538354 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Pisces Scientific Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S M Kennedy

SECRETARY:

S M Kennedy

REGISTERED OFFICE:

272 Bath Street

Glasgow

G2 4JR

REGISTERED NUMBER:

SC538354 (Scotland)

ACCOUNTANTS:

Heather Moore

1 West Haugh Cottages

Newbridge

EH28 8LA

FIXED ASSETS

Tangible assets

4

230,580

230,580

CURRENT ASSETS

Debtors

5

26,556

65,923

Cash at bank

213,216

113,442

239,772

179,365

CREDITORS

Amounts falling due within one year

6

303,044

247,996

NET CURRENT LIABILITIES

(63,272

)

(68,631

)

TOTAL ASSETS LESS CURRENT LIABILITIES

167,308

161,949

CREDITORS

Amounts falling due after more than one year

7

2,210

12,408

NET ASSETS

165,098

149,541

CAPITAL AND RESERVES

Called up share capital

95

95

Retained earnings

8

165,003

149,446

165,098

149,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 24 December 2025 and were signed by:

S M Kennedy - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

straight line over 3 years

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

230,580

7,486

238,066

DEPRECIATION

At 1 April 2024

and 31 March 2025

-

7,486

7,486

NET BOOK VALUE

At 31 March 2025

230,580

-

230,580

At 31 March 2024

230,580

-

230,580

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

26,556

65,923

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

88,252

117,438

Taxation and social security

45,832

16,922

Other creditors

158,960

103,636

303,044

247,996

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,210

12,408

8.

RESERVES

Retained

earnings

£

At 1 April 2024

149,446

Profit for the year

53,057

Dividends

(37,500

)

At 31 March 2025

165,003