REGISTERED NUMBER: 06018634 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Feel Karma Limited

Trading as

Savile Row Travel

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J G Callaway

R A Lewis

Ms G J Du Plooy

Mrs P J Frost

SECRETARY:

R A Lewis

REGISTERED OFFICE:

1 Market Place Mews

HENLEY-ON-THAMES

Oxfordshire

RG9 2AH

REGISTERED NUMBER:

06018634 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Intangible assets

4

10,000

15,000

Tangible assets

5

3,761

6,101

13,761

21,101

CURRENT ASSETS

Debtors

6

1,199,090

990,269

Cash at bank and in hand

250,433

182,241

1,449,523

1,172,510

CREDITORS

Amounts falling due within one year

7

1,468,856

1,169,385

NET CURRENT (LIABILITIES)/ASSETS

(19,333

)

3,125

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,572

)

24,226

CREDITORS

Amounts falling due after more than one year

8

107,936

141,523

NET LIABILITIES

(113,508

)

(117,297

)

CAPITAL AND RESERVES

Called up share capital

30,000

30,001

Retained earnings

(143,508

)

(147,298

)

(113,508

)

(117,297

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:

R A Lewis - Director

1.	STATUTORY INFORMATION

Feel Karma Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

New system build is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

25,000

AMORTISATION

At 1 January 2024

10,000

Charge for year

5,000

At 31 December 2024

15,000

NET BOOK VALUE

At 31 December 2024

10,000

At 31 December 2023

15,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

21,716

17,385

39,101

Additions

209

930

1,139

At 31 December 2024

21,925

18,315

40,240

DEPRECIATION

At 1 January 2024

19,358

13,642

33,000

Charge for year

867

2,612

3,479

At 31 December 2024

20,225

16,254

36,479

NET BOOK VALUE

At 31 December 2024

1,700

2,061

3,761

At 31 December 2023

2,358

3,743

6,101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,147,514

951,343

Other debtors

36,352

25,000

VAT

1,400

7,295

Prepayments

13,824

6,631

1,199,090

990,269

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

117,526

122,801

Trade creditors

1,270,833

1,003,737

Social security and other taxes

16,112

10,906

Other creditors

29,900

24,306

Directors' current accounts

30,000

3,498

Accrued expenses

4,485

4,137

1,468,856

1,169,385

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

12,936

66,523

Other loans more 5yrs non-inst

95,000

75,000

107,936

141,523

2024

2023

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

95,000

75,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

74,408

69,582

10.	RELATED PARTY DISCLOSURES

Mrs P J Frost director

- Included in creditors due within one year is a Directors loan account of £30,000 (2023 - £Nil).

- Included in creditors over one year is a subordinated loan amount of £67,500 (2023 - £75,000).

- Included in other loan interest is interest paid of £7,500 (2023 - £Nil).

The above loans are unsecured.

M J G Callaway director

- Included in creditors over one year is a subordinated loan amount of £5,000 (2023 - £Nil).

The above loan is unsecured and interest free.

R A Lewis director

- Included in creditors over one year is a subordinated loan amount of £17,500 (2023 - £Nil).

The above loan is unsecured and interest free.