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Felix Ventures Ltd
Registered Number:11123168
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
Felix Ventures Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
11123168
As at 31 May 2023
Felix Ventures Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
16,299
737
2
Financial assets
150
150
3
16,449
887
Current assets
Trade and other receivables
61,846
27,953
4
5,685
Cash and cash equivalents
19,242
47,195
67,531
Trade and other payables: amounts falling due within one
year
(46,049)
(43,968)
5
21,482
3,227
Net current assets
Total assets less current liabilities
19,676
22,369
Trade and other payables: amounts falling due after more
than one year
(19,746)
(13,429)
6
(4,075)
(140)
Provisions for liabilities
2,172
Net assets
2,483
Capital and reserves
Called up share capital
100
100
Retained earnings
2,072
2,383
2,172
2,483
Shareholders' funds
For the year ended 31 May 2023 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
11123168
For the year ended 31 May 2023
Felix Ventures Ltd
Statement of Financial Position Continued
Mr Christopher Foster Director
These financial statements were approved and authorised for issue by the Board on 19 January 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 May 2023
Felix Ventures Ltd
Notes to the Financial Statements
Statutory Information
Felix Ventures Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11123168.
Registered address:
The Oast Emr Centre
New Road
East Malling
Kent
ME19 6BJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes for PR Services.
Property, plant and equipment
Property, plant and equipment, 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:
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 May 2023
Felix Ventures Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 June 2022
1,211
1,211
-
20,995
-
20,995
Additions
At 31 May 2023
20,995
1,211
22,206
Provision for depreciation and impairment
At 01 June 2022
474
474
-
Charge for year
5,433
184
5,249
At 31 May 2023
5,907
658
5,249
At 31 May 2023
Net book value
15,746
553
16,299
At 31 May 2022
-
737
737
3. Investments held as fixed assets
Other investments
Total
At 01 June 2022
150
150
Cost
£
£
At 31 May 2023
150
150
At 31 May 2023
Net book value
150
150
At 01 June 2022
150
150
Shares in group undertakings and participating interests 97,473 (2021: 97,473)
4. Trade and other receivables
2022
2023
£
£
Trade debtors
-
21,445
Amounts owed by group undertakings and participating interests
8,304
547
Other debtors
19,649
39,854
61,846
27,953
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7
For the year ended 31 May 2023
Felix Ventures Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
6,267
6,399
Taxation and social security
30,731
37,394
Other creditors
6,970
2,256
43,968
46,049
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
13,429
19,746
7. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/06/2022
At 31/05/2023
£
£
£
£
£
Mr Christopher Foster
Directors loan repayable on demand
25,725
10,389
63,506
80,255
1,413
25,725
10,389
63,506
80,255
1,413
8. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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