FELOMIC LTD


Director	J. Onabajo


Registered Address	5 Dreadnought Drive
	Brooklands
	Milton Keynes
	MK10 7LB


Registered Number	10993787 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		487		656
			487		656
Current assets
Debtors	4	15,171		16,001
Cash at bank and on hand		71		200
		15,242		16,201
Creditors amounts falling due within one year	5	(18,967)		(16,576)
Net current assets (liabilities)			(3,725)		(375)
Total assets less current liabilities			(3,238)		281
Creditors amounts falling due after one year	6		(29,935)		(31,866)
Net assets			(33,173)		(31,585)
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			(34,173)		(32,585)
Shareholders' funds			(33,173)		(31,585)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 July 2026, and are signed on its behalf by:

J. Onabajo
Director
Registered Company No. 10993787

FELOMIC LTD

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	4

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 November 24	2,377	2,377
At 31 October 25	2,377	2,377
Depreciation and impairment
At 01 November 24	1,721	1,721
Charge for year	169	169
At 31 October 25	1,890	1,890
Net book value
At 31 October 25	487	487
At 31 October 24	656	656

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	15,171	16,001
Total	15,171	16,001

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	6,327	7,206
Other creditors	12,640	9,370
Total	18,967	16,576

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	29,935	31,866
Total	29,935	31,866