ARCTIC ASSOCIATES LIMITED

ARCTIC ASSOCIATES LIMITED
Contents Page
For the year ended 31 January 2026

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

ARCTIC ASSOCIATES LIMITED Accountants' Report For the year ended 31 January 2026
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ARCTIC ASSOCIATES LIMITED for the year ended 31 January 2026. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ARCTIC ASSOCIATES LIMITED for the year ended 31 January 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of ARCTIC ASSOCIATES LIMITED , as a body, in accordance with the terms of our engagement letter dated 26 October 2026. Our work has been undertaken solely to prepare for your approval the accounts of ARCTIC ASSOCIATES LIMITED and state those matters that we have agreed to state to the Board of Directors of ARCTIC ASSOCIATES LIMITED , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ARCTIC ASSOCIATES LIMITED and its Board of Directors as a body for our work or for this report. It is your duty to ensure that ARCTIC ASSOCIATES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ARCTIC ASSOCIATES LIMITED . You consider that ARCTIC ASSOCIATES LIMITED is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of ARCTIC ASSOCIATES LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 January 2026. .................................................... Business Works UK Ltd Provided by: Accountants Advisory Group Ltd 4 Lidgett Lane, Garforth Leeds LS25 1EQ 26 October 2026 1

ARCTIC ASSOCIATES LIMITED
Accountants' Report
For the year ended 31 January 2026

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ARCTIC ASSOCIATES LIMITED for the year ended 31 January 2026.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ARCTIC ASSOCIATES LIMITED for the year ended 31 January 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of ARCTIC ASSOCIATES LIMITED , as a body, in accordance with the terms of our engagement letter dated 26 October 2026. Our work has been undertaken solely to prepare for your approval the accounts of ARCTIC ASSOCIATES LIMITED and state those matters that we have agreed to state to the Board of Directors of ARCTIC ASSOCIATES LIMITED , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ARCTIC ASSOCIATES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ARCTIC ASSOCIATES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ARCTIC ASSOCIATES LIMITED . You consider that ARCTIC ASSOCIATES LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ARCTIC ASSOCIATES LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 January 2026.

....................................................
Business Works UK Ltd
Provided by: Accountants Advisory Group Ltd
4 Lidgett Lane, Garforth
Leeds
LS25 1EQ
26 October 2026

1

ARCTIC ASSOCIATES LIMITED
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	4	88,606	18,556
		88,606	18,556
Current assets
Debtors		25,809	69,229
Cash at bank and in hand		(8,979)	792
		16,830	70,021
Creditors: amount falling due within one year		(69,999)	(65,026)
Net current assets		(53,169)	4,995

Total assets less current liabilities		35,437	23,551
Creditors: amount falling due after more than one year		(43,508)	(5,242)
Net assets		(8,071)	18,309

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(8,171)	18,209
Shareholders' funds		(8,071)	18,309

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 26 October 2026 and were signed on its behalf by:

-------------------------------
Charlotte Victoria TRUDGEN
Director

2

ARCTIC ASSOCIATES LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 January 2026

General Information

ARCTIC ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04628091, registration address 33 QUEEN STREET, MORLEY LEEDS, LS27 8EE.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance
Improvements to property	25% Reducing Balance

2.	Average number of employees Average number of employees during the period was 7 (2025 : 7).

3.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 February 2025	8,000	8,000
Additions	-	-
Disposals	-	-
At 31 January 2026	8,000	8,000
Amortisation
At 01 February 2025	8,000	8,000
Charge for year	-	-
On disposals	-	-
At 31 January 2026	8,000	8,000
Net book values
At 31 January 2026	-	-
At 31 January 2025	-	-

4.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Improvements to property	Total
	£	£	£	£
At 01 February 2025	2,107	9,505	39,371	50,983
Additions	-	1,340	84,631	85,971
Disposals	-	-	-	-
At 31 January 2026	2,107	10,845	124,002	136,954
Depreciation
At 01 February 2025	2,106	5,952	24,369	32,427
Charge for year	1	1,224	14,696	15,921
On disposals	-	-	-	-
At 31 January 2026	2,107	7,176	39,065	48,348
Net book values
Closing balance as at 31 January 2026	-	3,669	84,937	88,606
Opening balance as at 01 February 2025	1	3,552	15,003	18,556

5.

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
100 Class A shares of £1.00 each	100		100
	100		100

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