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Company Registration No. 11193189 (England and Wales)
Good Enough Limited Unaudited accounts for the year ended 28 February 2023
Good Enough Limited Unaudited accounts Contents
Page
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Good Enough Limited Company Information for the year ended 28 February 2023
Directors
Paul Farrell Beverley Thomas
Company Number
11193189 (England and Wales)
Registered Office
387 Chartridge Lane Chesham Bucks HP5 2SL United Kingdom
Accountants
John Phillips 387 Chartridge Lane Chesham Bucks HP5 2SL
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Good Enough Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,932 
3,356 
Current assets
Cash at bank and in hand
28,022 
12,100 
Creditors: amounts falling due within one year
(46,164)
(40,615)
Net current liabilities
(18,142)
(28,515)
Net liabilities
(15,210)
(25,159)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(15,212)
(25,161)
Shareholders' funds
(15,210)
(25,159)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by
Beverley Thomas Director Company Registration No. 11193189
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Good Enough Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Good Enough Limited is a private company, limited by shares, registered in England and Wales, registration number 11193189. The registered office is 387 Chartridge Lane, Chesham, Bucks, HP5 2SL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
6,563 
3,371 
9,934 
Additions
553 
- 
553 
At 28 February 2023
7,116 
3,371 
10,487 
Depreciation
At 1 March 2022
4,374 
2,204 
6,578 
Charge for the year
685 
292 
977 
At 28 February 2023
5,059 
2,496 
7,555 
Net book value
At 28 February 2023
2,057 
875 
2,932 
At 28 February 2022
2,189 
1,167 
3,356 
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Good Enough Limited Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,472 
403 
Loans from directors
43,692 
39,112 
Accruals
1,000 
1,100 
46,164 
40,615 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Transactions with related parties
Beverley Thomas and Paul Farrell were owed £21,846 each (2021 - £19,556 each) as at the balance sheet date. The loans were made on an interest free basis and are repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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