1 April 2023 false No description of principal activity Taxfiler 2024.6 12182333business:PrivateLimitedCompanyLtd2023-04-012024-03-31 121823332023-03-31 121823332023-04-012024-03-31 12182333business:AuditExemptWithAccountantsReport2023-04-012024-03-31 12182333business:FilletedAccounts2023-04-012024-03-31 121823332024-03-31 12182333business:Director12023-04-012024-03-31 12182333business:RegisteredOffice2023-04-012024-03-31 121823332023-03-31 12182333core:WithinOneYear2024-03-31 12182333core:WithinOneYear2023-03-31 12182333countries:EnglandWales2023-04-012024-03-31 121823332022-04-012023-03-31 12182333business:Micro-entities2023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12182333 (England and Wales)
ITRACE LIMITED Unaudited accounts for the year ended 31 March 2024
ITRACE LIMITED Annual report and unaudited accounts for the year ended 31 March 2024
CONTENTS
PAGE
- 2 -
ITRACE LIMITED Company Information for the year ended 31 March 2024
Director
Mehdi Tabashiri Esfehani
Company Number
12182333 (England and Wales)
Registered Office
Flat 21, Compass Court, Smithfield Square,High Street LONDON N8 7FF ENGLAND
Accountants
Rohallah Bastam FAIA,FCPA 14 Fowler avenue Trumpington Cambridge CB2 9FH
- 3 -
ITRACE LIMITED Accountants' report
Accountants' report to the director of ITRACE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ITRACE LIMITED for the year ended 31 March 2024 as set out on pages 5 - 5 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ITRACE LIMITED, as a body, in accordance with the terms of our engagement letter dated 26 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of ITRACE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ITRACE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ITRACE 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 ITRACE LIMITED. You consider that ITRACE 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 ITRACE 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.
Rohallah Bastam FAIA,FCPA 14 Fowler avenue Trumpington Cambridge CB2 9FH 12 November 2024
- 4 -
ITRACE LIMITED Statement of Financial Position as at 31 March 2024
2024 
2023 
£ 
£ 
Fixed assets
13,900 
21,070 
Current assets
33,284 
37,904 
Creditors: amounts falling due within one year
(29,364)
(42,824)
Net current assets/(liabilities)
3,920 
(4,920)
Total assets less current liabilities
17,820 
16,150 
Accruals and deferred income
(4,622)
(6,364)
Net assets
13,198 
9,786 
Capital and reserves
13,198 
9,786 
NOTES TO THE ACCOUNTS
1 Statutory information
ITRACE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12182333. The registered office is Flat 21, Compass Court,, Smithfield Square,High Street, LONDON, N8 7FF, ENGLAND.
2 Average number of employees
During the year the average number of employees was 1 (2023: 1).
For the year ending 31 March 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 in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 12 November 2024
Mehdi Tabashiri Esfehani Director Company Registration No. 12182333
- 5 -