Registration number: 15733015

Feels and Vibes Ltd

trading as Four Crows

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Feels and Vibes Ltd

trading as Four Crows

Company Information

Directors

Mrs SA Saundry Miss M H Langley

Registered office

15 Alverton Street Penzance Cornwall TR18 2QP

Accountants

D.J. Reynolds & Co. 15 Alverton Street Penzance Cornwall TR18 2QP

Feels and Vibes Ltd

trading as Four Crows

(Registration number: 15733015)
Balance Sheet as at 31 May 2025

	Note	2025 £
Fixed assets
Intangible assets	4	72,000
Tangible assets	5	4,381
		76,381
Current assets
Stocks	6	5,500
Debtors	7	1,276
Cash at bank and in hand		4,342
		11,118
Creditors: Amounts falling due within one year	8	(91,152)
Net current liabilities		(80,034)
Net liabilities		(3,653)
Capital and reserves
Called up share capital	9	100
Retained earnings		(3,753)
Shareholders' deficit		(3,653)

For the financial period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 July 2026 and signed on its behalf by:
 

......................................... Mrs SA Saundry Director

......................................... Miss M H Langley Director

Feels and Vibes Ltd

trading as Four Crows

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
15 Alverton Street
Penzance
Cornwall
TR18 2QP

These financial statements were authorised for issue by the Board on 20 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency in the accounts is pound sterling £

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Feels and Vibes Ltd

trading as Four Crows

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% Reducing balance
Machinery and equipment	20% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Feels and Vibes Ltd

trading as Four Crows

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

Feels and Vibes Ltd

trading as Four Crows

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
Additions acquired separately	80,000	80,000
At 31 May 2025	80,000	80,000
Amortisation
Amortisation charge	8,000	8,000
At 31 May 2025	8,000	8,000
Carrying amount
At 31 May 2025	72,000	72,000

5	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
Additions	5,000	476	5,476
At 31 May 2025	5,000	476	5,476
Depreciation
Charge for the period	1,000	95	1,095
At 31 May 2025	1,000	95	1,095
Carrying amount
At 31 May 2025	4,000	381	4,381

6

Stocks

	2025 £
Other inventories	5,500

Feels and Vibes Ltd

trading as Four Crows

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

7

Debtors

Current	2025 £
Prepayments	1,247
Other debtors	29
	1,276

8

Creditors

Creditors: amounts falling due within one year

	2025 £
Due within one year
Trade creditors	5,929
Taxation and social security	2,474
Accruals and deferred income	2,334
Other creditors	80,415
	91,152

9	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary of £1 each	100	100

Feels and Vibes Ltd

trading as Four Crows

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

10	Related party transactions

Transactions with directors

2025	At 21 May 2024 £	Advances to director £	Funds introduced by director £	At 31 May 2025 £
Miss M H Langley
Interest-free loan from the director, repayable on demand.	-	(6,881)	44,000	37,119
Mrs SA Saundry
Interest-free loan from the director, repayable on demand.	-	(6,881)	50,177	43,296