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REGISTERED NUMBER: 06755725 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023

FOR

ARCTICWEB LTD

ARCTICWEB LTD (REGISTERED NUMBER: 06755725)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARCTICWEB LTD

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023







DIRECTORS: R B C Watson
Ms I Eibikyte





REGISTERED OFFICE: 6 Thornsett Road
London
SE20 7XE





REGISTERED NUMBER: 06755725 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

ARCTICWEB LTD (REGISTERED NUMBER: 06755725)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,837 11,404

CURRENT ASSETS
Debtors 5 50,919 131,427
Cash at bank 121,971 39,176
172,890 170,603
CREDITORS
Amounts falling due within one year 6 62,224 46,020
NET CURRENT ASSETS 110,666 124,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,503

135,987

PROVISIONS FOR LIABILITIES 2,059 2,166
NET ASSETS 119,444 133,821

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 119,434 133,811
SHAREHOLDERS' FUNDS 119,444 133,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:




R B C Watson - Director


ARCTICWEB LTD (REGISTERED NUMBER: 06755725)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

ArcticWeb Ltd is a private company, limited by shares , registered in England and Wales. 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period 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 period 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 period was 2 (2022 - 2 ) .

ARCTICWEB LTD (REGISTERED NUMBER: 06755725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 13,092 20,899 33,991
Additions 1,356 811 2,167
At 31 August 2023 14,448 21,710 36,158
DEPRECIATION
At 1 December 2022 6,901 15,686 22,587
Charge for period 1,310 1,424 2,734
At 31 August 2023 8,211 17,110 25,321
NET BOOK VALUE
At 31 August 2023 6,237 4,600 10,837
At 30 November 2022 6,191 5,213 11,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,277 28,000
Other debtors 39,642 103,427
50,919 131,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 60,265 44,960
Other creditors 1,959 1,060
62,224 46,020

7. TRANSACTIONS WITH DIRECTORS

During the year, dividends of £37,700 were voted to each director.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.