Acorah Software Products - Accounts Production 19.3.600 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 08605676 Mr Robin Belec Mr Peter Fuller true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08605676 2024-11-30 08605676 2025-11-30 08605676 2024-12-01 2025-11-30 08605676 frs-core:CurrentFinancialInstruments 2025-11-30 08605676 frs-core:ShareCapital 2025-11-30 08605676 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 08605676 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 08605676 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 08605676 frs-bus:SmallEntities 2024-12-01 2025-11-30 08605676 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 08605676 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 08605676 1 2024-12-01 2025-11-30 08605676 frs-bus:Director1 2024-12-01 2025-11-30 08605676 frs-bus:CompanySecretary1 2024-12-01 2025-11-30 08605676 frs-countries:EnglandWales 2024-12-01 2025-11-30 08605676 2023-11-30 08605676 2024-11-30 08605676 2023-12-01 2024-11-30 08605676 frs-core:CurrentFinancialInstruments 2024-11-30 08605676 frs-core:ShareCapital 2024-11-30 08605676 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30
Registered number: 08605676
ITC FX Limited
Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08605676
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 348,814 319,497
Cash at bank and in hand 236,398 228,988
585,212 548,485
Creditors: Amounts Falling Due Within One Year 5 (299,856 ) (297,792 )
NET CURRENT ASSETS (LIABILITIES) 285,356 250,693
TOTAL ASSETS LESS CURRENT LIABILITIES 285,356 250,693
NET ASSETS 285,356 250,693
CAPITAL AND RESERVES
Called up share capital 6 118 118
Profit and Loss Account 285,238 250,575
SHAREHOLDERS' FUNDS 285,356 250,693
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For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robin Belec
Director
10/08/2026
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ITC FX Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08605676 . The registered office is Suite 521 Fifth Floor, Tuition House, 27-37 St Georges Road, Wimbledon, SW19 4EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
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4. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 23,900 29,000
Amounts owed by group undertakings 324,914 290,497
348,814 319,497
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 78,421 63,422
Other taxation and social security 37,954 38,397
Other creditors 67,958 71,957
Accruals and deferred income 115,523 124,016
299,856 297,792
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 118 118
7. Pension Commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,360 (2024 - £4,476).
8. Related Party Transactions
In Touch Capital Markets Limited owns 83.1% of the shares in ITC FX Limited.  At the year end, an amount of £324,914 (2024 - £290,497) was due from In Touch Capital Markets Limited and is included under debtors.
9. Ultimate Controlling Party
The ultimate controlling party is In Touch Capital Markets Limited by virtue of the fact that they own the majority of the company's ordinary issued share capital.
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