I Feel Art Ltd
- Small
- Active
- 6 years
- £397 (assets)
- Virtual address
- 1 director
- 1 owner
- Solo founder
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
I Feel Art Ltd, based in London, UK, is a small, active company founded five years ago. With just £397 in assets and operating from a virtual address, it’s a solo founder venture led by a single director and owner, Lewis David. The company runs an e-commerce site focused on connecting people with art and artists, selling prints and artwork online.
The website, I Feel Art, showcases a wide range of art from emerging artists, categorized by style, price, and collection. It offers a curated selection of paintings, photography, sculpture, and more, catering to both seasoned collectors and those new to art buying. The site emphasizes affordability, global selection, and a satisfaction guarantee, positioning itself as a go-to destination for discovering and purchasing art. It also actively encourages artists to submit their work, fostering a community-driven platform.
Financially, I Feel Art Ltd presents a mixed picture. Current assets have decreased by 43%, dropping to £400, while net assets have also fallen, now at -£42,000. Creditors have increased by 23%, reaching £50,000, and bank cash has dropped significantly, down 43% to £400. The company’s small size—meeting two of three criteria for a small company—helps it remain nimble, but the substantial equity decline suggests it's burning through cash. The lack of employees (zero reported) points to a lean operation. As a small company, it’s exempt from an audit, so the financials are unaudited.
While the e-commerce site appears vibrant and actively promoting artists, the financials indicate a challenging period. Whether this is typical startup volatility or a more serious issue remains to be seen—but I Feel Art Ltd is clearly relying on its online presence and artist community to navigate these financial pressures.
Registered in England/Wales under the registration number 11964349, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street, Covent Garden.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Lewis David
- 6 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- Lewis David
- 6 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted one year ago.
Last news
-
Total exemption full accounts made up to 2024-04-30Download 7 pages pdf report
-
Confirmation statement made on 2024-04-25 with updatesDownload 4 pages pdf report
-
Total exemption full accounts made up to 2023-04-30Download 5 pages pdf report
FAQ about I Feel Art Ltd
Looking for leads in the UK?
Try our FREE App—access UK datasets with limited features!