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Company Registration No. 06801681 (England and Wales)
Arctic Virtual Limited Unaudited accounts for the year ended 31 January 2024
Arctic Virtual Limited Unaudited accounts Contents
Page
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Arctic Virtual Limited Company Information for the year ended 31 January 2024
Director
Stephen Barnett
Company Number
06801681 (England and Wales)
Registered Office
2 TWO ACRES MIDDLETON KING'S LYNN NORFOLK PE32 1YF
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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Arctic Virtual Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
178,913 
178,913 
Current assets
Debtors
39,580 
39,523 
Creditors: amounts falling due within one year
(394,068)
(393,669)
Net current liabilities
(354,488)
(354,146)
Net liabilities
(175,575)
(175,233)
Capital and reserves
Called up share capital
1 
100 
Profit and loss account
(175,576)
(175,333)
Shareholders' funds
(175,575)
(175,233)
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 25 September 2024 and were signed on its behalf by
Stephen Barnett Director Company Registration No. 06801681
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Arctic Virtual Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Arctic Virtual Limited is a private company, limited by shares, registered in England and Wales, registration number 06801681. The registered office is 2 TWO ACRES, MIDDLETON, KING'S LYNN, NORFOLK, PE32 1YF.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
332,518 
At 31 January 2024
332,518 
Amortisation
At 1 February 2023
153,605 
At 31 January 2024
153,605 
Net book value
At 31 January 2024
178,913 
At 31 January 2023
178,913 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
39,580 
39,523 
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Arctic Virtual Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
900 
Loans from directors
60,950 
59,951 
Accruals
333,118 
332,818 
394,068 
393,669 
7
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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