Company Registration No. 09512194 (England and Wales)
Feel Holdings Limited
Unaudited accounts
for the year ended 31 March 2024
Feel Holdings Limited
Unaudited accounts
Contents
Feel Holdings Limited
Company Information
for the year ended 31 March 2024
Directors
Boriss Hodakels
Mark Alan Pearson
Company Number
09512194 (England and Wales)
Registered Office
Lytchett House 13 Freeland Park
Wareham Road
Poole
Dorset
BH16 6FA
United Kingdom
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Feel Holdings Limited
Statement of financial position
as at 31 March 2024
Intangible assets
121,313
10,179
Tangible assets
29,395
36,128
Inventories
1,123,805
1,445,601
Cash at bank and in hand
968,840
1,309,099
Creditors: amounts falling due within one year
(889,936)
(1,180,874)
Net current assets
1,442,504
1,888,020
Total assets less current liabilities
1,593,212
1,934,327
Creditors: amounts falling due after more than one year
(11,667)
(21,667)
Net assets
1,581,545
1,912,660
Called up share capital
5
5
Share premium
14,668,495
14,662,095
Profit and loss account
(13,086,955)
(12,749,440)
Shareholders' funds
1,581,545
1,912,660
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by
Boriss Hodakels
Director
Company Registration No. 09512194
Feel Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
Feel Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 09512194. The registered office is Lytchett House 13 Freeland Park, Wareham Road, Poole, Dorset, BH16 6FA, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Computer equipment
5 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation calculated on a straight line basis over their estimated useful economic life of 10 years.
Research expenditure is written off against profits in the year in which it is incurred.
Development expenditure is written off in the same way unless the technical, commercial and financial viability of individual projects can be demonstrated. In this situation, the identifiable development expenditure is capitalised and amortised over the period which the company is expected to benefit. As the company utilises a propriety e-commerce technology, the period of benefit, typically 5 years, will be reviewed on an annual basis.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Feel Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
4,091
5,960
27,257
37,308
Additions
1,768
1,363
370
3,501
At 31 March 2024
5,859
7,323
27,627
40,809
At 1 April 2023
(3,357)
1,577
2,960
1,180
Charge for the year
3,357
807
6,070
10,234
At 31 March 2024
-
2,384
9,030
11,414
At 31 March 2024
5,859
4,939
18,597
29,395
At 31 March 2023
7,448
4,383
24,297
36,128
Feel Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
212,629
149,303
Amounts falling due after more than one year
Other debtors
24,407
97,433
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
331,798
592,469
Taxes and social security
25,099
24,158
Other creditors
291,502
531,917
8
Creditors: amounts falling due after more than one year
2024
2023
Included in creditors due after one year is a Bounce Back Loan due to Barclays Bank of £11,667 (2023: £21,667). This is repayable over a term of 6 years at an interest rate of 2.5%.
9
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
127,876
10
Average number of employees
During the year the average number of employees was 14 (2023: 29).