1 April 2021 false No description of principal activity Taxfiler 2022.8.3 SC692494business:PrivateLimitedCompanyLtd2021-04-012022-03-31 SC6924942021-03-31 SC6924942021-04-012022-03-31 SC692494business:AuditExemptWithAccountantsReport2021-04-012022-03-31 SC692494business:FullAccounts2021-04-012022-03-31 SC6924942022-03-31 SC692494business:Director12021-04-012022-03-31 SC692494business:Director22021-04-012022-03-31 SC692494business:RegisteredOffice2021-04-012022-03-31 SC692494core:WithinOneYear2022-03-31 SC692494core:ShareCapital2022-03-31 SC692494core:RetainedEarningsAccumulatedLosses2022-03-31 SC692494business:SmallEntities2021-04-012022-03-31 SC692494countries:Scotland2021-04-012022-03-31 SC692494core:PlantMachinery2021-04-012022-03-31 SC692494core:PlantMachinery2021-03-31 SC692494core:PlantMachinery2022-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC692494 (Scotland)
Arctic Therapy Limited Unaudited accounts for the year ended 31 March 2022
Arctic Therapy Limited Unaudited accounts Contents
Page
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Arctic Therapy Limited Company Information for the year ended 31 March 2022
Directors
William Joseph Dineen Ingrid Maria Lien Omma
Company Number
SC692494 (Scotland)
Registered Office
Unit 1 Devon Park Mills Alexandra Street, Devonside Tillicoultry Clackmannanshire FK13 6HP Scotland
Accountants
Caldwell Accountancy Services Alloa Business Centre Whins Road Alloa Clackmannanshire FK10 3SA
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Arctic Therapy Limited Statement of financial position as at 31 March 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
862 
Current assets
Inventories
100 
Cash at bank and in hand
5,310 
5,410 
Creditors: amounts falling due within one year
(2,700)
Net current assets
2,710 
Total assets less current liabilities
3,572 
Provisions for liabilities
Deferred tax
(163)
Net assets
3,409 
Capital and reserves
Called up share capital
4 
Profit and loss account
3,405 
Shareholders' funds
3,409 
For the year ending 31 March 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2022 and were signed on its behalf by
Ingrid Maria Lien Omma Director Company Registration No. SC692494
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Arctic Therapy Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Arctic Therapy Limited is a private company, limited by shares, registered in Scotland, registration number SC692494. The registered office is Unit 1 Devon Park Mills, Alexandra Street, Devonside, Tillicoultry, Clackmannanshire, FK13 6HP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2021
- 
Additions
1,034 
At 31 March 2022
1,034 
Depreciation
Charge for the year
172 
At 31 March 2022
172 
Net book value
At 31 March 2022
862 
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Arctic Therapy Limited Notes to the Accounts for the year ended 31 March 2022
5
Creditors: amounts falling due within one year
2022 
£ 
Taxes and social security
1,402 
Other creditors
110 
Loans from directors
688 
Accruals
500 
2,700 
6
Average number of employees
During the year the average number of employees was 3.
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