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REGISTERED NUMBER: 10413391 (England and Wales)









Financial Statements

for the Year Ended 31 December 2021

for

Feelya Ltd

Feelya Ltd (Registered number: 10413391)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Feelya Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTOR: I Papapanagiotou





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 10413391 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Feelya Ltd (Registered number: 10413391)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Intangible assets 4 70,662 83,743
Tangible assets 5 695 1,927
71,357 85,670

CURRENT ASSETS
Debtors 6 28,338 15,813
Cash at bank 2,800 21,945
31,138 37,758
CREDITORS
Amounts falling due within one year 7 (761,531 ) (631,344 )
NET CURRENT LIABILITIES (730,393 ) (593,586 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(659,036

)

(507,916

)

CAPITAL AND RESERVES
Called up share capital 8 536 536
Retained earnings (659,572 ) (508,452 )
SHAREHOLDERS' FUNDS (659,036 ) (507,916 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2022 and were signed by:





I Papapanagiotou - Director


Feelya Ltd (Registered number: 10413391)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Feelya Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the service is provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

Feelya Ltd (Registered number: 10413391)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 130,812
AMORTISATION
At 1 January 2021 47,069
Charge for year 13,081
At 31 December 2021 60,150
NET BOOK VALUE
At 31 December 2021 70,662
At 31 December 2020 83,743

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 6,159
DEPRECIATION
At 1 January 2021 4,232
Charge for year 1,232
At 31 December 2021 5,464
NET BOOK VALUE
At 31 December 2021 695
At 31 December 2020 1,927

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,336 241
Other debtors 27,002 15,572
28,338 15,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other creditors 761,531 631,344

Feelya Ltd (Registered number: 10413391)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
359 Ordinary A £1 359 359
177 Ordinary B £1 177 177
536 536

9. RELATED PARTY DISCLOSURES

Included within other creditors at the year end is an amount of £756,531 (2020 £626,344) due to the director I Papapanagiotou. This amount has been provided unsecured, interest free and is effectively repayable on demand.