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Company Registration No. 09512194 (England and Wales)
Feel Holdings Limited Unaudited accounts for the year ended 31 March 2025
Feel Holdings Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Feel Holdings Limited Company Information for the year ended 31 March 2025
Directors
B Hodakels M Pearson
Company Number
09512194 (England and Wales)
Registered Office
Feel Holdings Ltd 81-87 High Holborn London WC1V 6DF England
Accountants
Virtual CFO Limited 118 Watermoor Point Watermoor Road Cirencester GL7 1LF
- 3 -
Feel Holdings Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
234,070
121,313
Tangible assets
5
29,086
29,395
263,156
150,708
Current assets
Inventories
922,469
1,146,884
Debtors
6
609,542
209,487
Cash at bank and in hand
1,284,264
968,962
2,816,275
2,325,333
Creditors: amounts falling due within one year
7
(980,823)
(904,512)
Net current assets
1,835,452
1,420,821
Net assets
2,098,608
1,571,529
Capital and reserves
Called up share capital
4
4
Share premium
14,668,495
14,668,495
Capital contribution reserve
25,513
25,513
Profit and loss account
(12,595,404)
(13,122,483)
Shareholders' funds
2,098,608
1,571,529
For the year ending 31 March 2025 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 June 2025 and were signed on its behalf by
B Hodakels Director Company Registration No. 09512194
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Feel Holdings Limited Notes to the Accounts for the year ended 31 March 2025
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 Feel Holdings Ltd, 81-87 High Holborn, London, WC1V 6DF, England.
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.
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.
Presentation currency
The accounts are presented in £ sterling.
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
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.
Share-based payments
The company operates an EMI qualifying share option scheme. As at 31 March 2025, the company had granted 1441 share options to 1 employee. The share options have vesting periods of 4 years with a 1 year cliff. The share based payment charge within the year was £0 (2023: £5,029).
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Feel Holdings Limited Notes to the Accounts for the year ended 31 March 2025
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.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
122,702
Additions
136,215
At 31 March 2025
258,917
Amortisation
At 1 April 2024
1,389
Charge for the year
23,458
At 31 March 2025
24,847
Net book value
At 31 March 2025
234,070
At 31 March 2024
121,313
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
5,859
7,323
27,627
40,809
Additions
-
-
7,593
7,593
At 31 March 2025
5,859
7,323
35,220
48,402
Depreciation
At 1 April 2024
-
2,384
9,030
11,414
Charge for the year
926
1,382
5,594
7,902
At 31 March 2025
926
3,766
14,624
19,316
Net book value
At 31 March 2025
4,933
3,557
20,596
29,086
At 31 March 2024
5,859
4,939
18,597
29,395
- 6 -
Feel Holdings Limited Notes to the Accounts for the year ended 31 March 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
2,871
3,924
Accrued income and prepayments
498,311
205,563
Other debtors
108,360
-
609,542
209,487
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
11,735
21,667
VAT
257,292
230,767
Trade creditors
579,751
335,039
Taxes and social security
26,529
25,099
Other creditors
8,338
291,940
Accruals
7,624
-
Deferred income
89,554
-
980,823
904,512
8
Average number of employees
During the year the average number of employees was 14 (2024: 14).
- 7 -