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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
Page
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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
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Feel Holdings Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
121,313 
10,179 
Tangible assets
29,395 
36,128 
150,708 
46,307 
Current assets
Inventories
1,123,805 
1,445,601 
Debtors
239,795 
314,194 
Cash at bank and in hand
968,840 
1,309,099 
2,332,440 
3,068,894 
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 
Capital and reserves
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
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Feel Holdings Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
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
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 and development
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
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.
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Feel Holdings Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
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.
Foreign exchange
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.
Pension costs
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 
£ 
Cost
At 1 April 2023
10,820 
Additions
111,882 
At 31 March 2024
122,702 
Amortisation
At 1 April 2023
641 
Charge for the year
748 
At 31 March 2024
1,389 
Net book value
At 31 March 2024
121,313 
At 31 March 2023
10,179 
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 
Depreciation
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 
Net book value
At 31 March 2024
5,859 
4,939 
18,597 
29,395 
At 31 March 2023
7,448 
4,383 
24,297 
36,128 
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Feel Holdings Limited Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
65,631 
Trade debtors
2,759 
1,827 
Accrued income and prepayments
212,629 
149,303 
215,388 
216,761 
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 
VAT
231,537 
- 
Trade creditors
331,798 
592,469 
Taxes and social security
25,099 
24,158 
Other creditors
291,502 
531,917 
Accruals
- 
22,330 
889,936 
1,180,874 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,667 
21,667 
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).
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