Registered Number:11123168 |
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
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
Felix Ventures Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
16,299
737
2
150
150
3
16,449
887
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
100
100
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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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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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. |
The Oast Emr Centre
New Road
East Malling
Kent
ME19 6BJ
The presentation currency is £ sterling. |
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: |
Computer Equipment
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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For the year ended 31 May 2023
Felix Ventures Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
1,211
1,211
-
20,995
-
20,995
20,995
1,211
22,206
Provision for depreciation and impairment |
474
474
-
Charge for year
5,433
184
5,249
5,907
658
5,249
15,746
553
16,299
-
737
737
3. Investments held as fixed assets |
150
150
150
150
150
150
150
150
Shares in group undertakings and participating interests 97,473 (2021: 97,473)
4. Trade and other receivables |
2022
2023
-
21,445
Amounts owed by group undertakings and participating interests |
8,304
547
19,649
39,854
61,846
27,953
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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
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
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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