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Company Registration No. 12928994 (England and Wales)
Flowtrace Ltd Unaudited accounts for the year ended 31 October 2024
Flowtrace Ltd Unaudited accounts Contents
Page
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Flowtrace Ltd Company Information for the year ended 31 October 2024
Director
Petri Lehtonen
Company Number
12928994 (England and Wales)
Registered Office
86-90 Paul Street London England EC2A 4NE United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Flowtrace Ltd Accountants' report
Accountants' report to the director of Flowtrace Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Flowtrace Ltd for the year ended 31 October 2024 as set out on pages 5 - 7 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 Flowtrace Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Flowtrace Ltd 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 Flowtrace Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Flowtrace Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Flowtrace Ltd . You consider that Flowtrace Ltd 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 Flowtrace Ltd . 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.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 17 December 2024
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Flowtrace Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
8,313 
10,026 
Cash at bank and in hand
5,077 
958 
13,390 
10,984 
Creditors: amounts falling due within one year
(41,500)
(30,959)
Net current liabilities
(28,110)
(19,975)
Net liabilities
(28,110)
(19,975)
Capital and reserves
Called up share capital
1 
1 
Share premium
97,875 
97,875 
Profit and loss account
(125,986)
(117,851)
Shareholders' funds
(28,110)
(19,975)
For the year ending 31 October 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 8 July 2025 and were signed on its behalf by
Petri Lehtonen Director Company Registration No. 12928994
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Flowtrace Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Flowtrace Ltd is a private company, limited by shares, registered in England and Wales, registration number 12928994. The registered office is 86-90 Paul Street, London, England, EC2A 4NE, United Kingdom .
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The financial statements were prepared on a going concern basis, which assumes that the company will continue to operate for the foreseeable future. The director has stated their commitment to sustaining the company's operations.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
367 
2,240 
Accrued income and prepayments
86 
188 
Other debtors
7,860 
7,598 
8,313 
10,026 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
14 
Taxes and social security
- 
674 
Other creditors
- 
5,939 
Loans from directors
41,500 
24,332 
41,500 
30,959 
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Flowtrace Ltd Notes to the Accounts for the year ended 31 October 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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