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
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
Feel Holdings Limited
Statement of financial position
as at 31 March 2025
Intangible assets
234,070
121,313
Tangible assets
29,086
29,395
Inventories
922,469
1,146,884
Cash at bank and in hand
1,284,264
968,962
Creditors: amounts falling due within one year
(980,823)
(904,512)
Net current assets
1,835,452
1,420,821
Net assets
2,098,608
1,571,529
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
Feel Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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 have been prepared on the assumption that the company is able to carry on business as a going concern for the
foreseeable future.
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 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.
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).
Feel Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
23,458
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
At 31 March 2025
5,859
7,323
35,220
48,402
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
At 31 March 2025
4,933
3,557
20,596
29,086
At 31 March 2024
5,859
4,939
18,597
29,395
Feel Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
498,311
205,563
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,735
21,667
Trade creditors
579,751
335,039
Taxes and social security
26,529
25,099
Other creditors
8,338
291,940
8
Average number of employees
During the year the average number of employees was 14 (2024: 14).