REGISTERED NUMBER: 12820867 (England and Wales)

Financial Statements

for the Year Ended 31 January 2025

for

FELLS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S C Littlewood

SECRETARY:

Miss C Leland

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

12820867 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

540

979

CURRENT ASSETS

Debtors

5

58,389

972

Cash at bank

4,554

50,764

62,943

51,736

CREDITORS

Amounts falling due within one year

6

49,285

13,309

NET CURRENT ASSETS

13,658

38,427

TOTAL ASSETS LESS CURRENT LIABILITIES

14,198

39,406

CAPITAL AND RESERVES

Called up share capital

7

99

99

Retained earnings

14,099

39,307

SHAREHOLDERS' FUNDS

14,198

39,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 October 2025 and were signed by:

Mr S C Littlewood - Director

1.	STATUTORY INFORMATION

Fells Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Computer equipment

-

Straight line over 3 years

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.

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipmen

£

COST

At 1 February 2024

and 31 January 2025

1,330

DEPRECIATION

At 1 February 2024

351

Charge for year

439

At 31 January 2025

790

NET BOOK VALUE

At 31 January 2025

540

At 31 January 2024

979

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Directors' current accounts

10,505

-

VAT

-

186

Prepayments and accrued income

47,884

786

58,389

972

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Amounts owed to group undertakings

46,350

-

Tax

34

(366

)

VAT

171

-

Other creditors

2,000

2,000

Directors' current accounts

-

10,945

Accruals and deferred income

730

730

49,285

13,309

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

98

A Ordinary

£1

98

98

1

B Ordinary

£1

1

1

99

99

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

Mr S C Littlewood

Balance outstanding at start of year

-

-

Amounts advanced

63,605

-

Amounts repaid

(53,100

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,505

-

As at the balance sheet date, included in debtors due within one year is £10,505 (2024: £10,945 credit), due and payable by the director. This amount was repaid within 9 months of the year end.

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £46,350 (2024: £Nil) to Estu Global Limited. The companies are related parties by virtue of the fact that they are under common control.