Company Registration No. 14352168 (England and Wales)
ARCTIC PRISM LTD
Unaudited accounts
for the year ended 30 September 2024
ARCTIC PRISM LTD
Unaudited accounts
Contents
ARCTIC PRISM LTD
Company Information
for the year ended 30 September 2024
Directors
Talha AKHOON
Safiyyah DESAI
Company Number
14352168 (England and Wales)
Registered Office
COTTON COURT
CHURCH STREET
PRESTON
PR1 3BY
ENGLAND
Accountants
SMART ACCOUNTING (NW) LTD
239 RIBBLETON LANE
PRESTON
PR1 5EA
ARCTIC PRISM LTD
Statement of financial position
as at 30 September 2024
Tangible assets
4,838
1,614
Cash at bank and in hand
28,517
30,906
Creditors: amounts falling due within one year
(2,635)
(6,762)
Net current assets
25,882
24,144
Called up share capital
4
4
Profit and loss account
30,716
25,754
Shareholders' funds
30,720
25,758
For the year ending 30 September 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 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 12 April 2025 and were signed on its behalf by
Talha AKHOON
Director
Company Registration No. 14352168
ARCTIC PRISM LTD
Notes to the Accounts
for the year ended 30 September 2024
ARCTIC PRISM LTD is a private company, limited by shares, registered in England and Wales, registration number 14352168. The registered office is COTTON COURT, CHURCH STREET, PRESTON, PR1 3BY, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
18 % ON WDV
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
-
1,968
1,968
Additions
1,319
2,966
4,285
At 30 September 2024
1,319
4,934
6,253
At 1 October 2023
-
354
354
Charge for the year
237
824
1,061
At 30 September 2024
237
1,178
1,415
At 30 September 2024
1,082
3,756
4,838
At 30 September 2023
-
1,614
1,614
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
508
5,762
Other creditors
1,000
1,000
Loans from directors
1,127
-
ARCTIC PRISM LTD
Notes to the Accounts
for the year ended 30 September 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).