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Company Registration No. SC653986 (Scotland)
The Really Good Life Company Ltd Unaudited accounts for the year ended 28 February 2023
The Really Good Life Company Ltd Unaudited accounts Contents
Page
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The Really Good Life Company Ltd Company Information for the year ended 28 February 2023
Directors
Nathan Cole Helena Cole
Company Number
SC653986 (Scotland)
Registered Office
Lower White House Blacklunans Blairgowrie Perthshire PH10 7LA
Accountants
Fraser + Accountants 3 Barossa Place Perth Perthshire PH1 5HG
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The Really Good Life Company Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
232,771 
266,024 
Tangible assets
392,839 
399,461 
625,610 
665,485 
Current assets
Debtors
8,061 
14,914 
Cash at bank and in hand
388 
10,524 
8,449 
25,438 
Creditors: amounts falling due within one year
(24,616)
(21,334)
Net current (liabilities)/assets
(16,167)
4,104 
Total assets less current liabilities
609,443 
669,589 
Creditors: amounts falling due after more than one year
(721,478)
(731,524)
Net liabilities
(112,035)
(61,935)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(112,135)
(62,035)
Shareholders' funds
(112,035)
(61,935)
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 31 August 2023 and were signed on its behalf by
Nathan Cole Director Company Registration No. SC653986
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The Really Good Life Company Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
The Really Good Life Company Ltd is a private company, limited by shares, registered in Scotland, registration number SC653986. The registered office is Lower White House, Blacklunans, Blairgowrie, Perthshire, PH10 7LA.
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
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Land & buildings
10% straight line
Plant & machinery
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
332,530 
At 28 February 2023
332,530 
Amortisation
At 1 March 2022
66,506 
Charge for the year
33,253 
At 28 February 2023
99,759 
Net book value
At 28 February 2023
232,771 
At 28 February 2022
266,024 
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The Really Good Life Company Ltd Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
395,111 
20,577 
415,688 
Additions
- 
3,916 
3,916 
At 28 February 2023
395,111 
24,493 
419,604 
Depreciation
At 1 March 2022
7,055 
9,172 
16,227 
Charge for the year
4,415 
6,123 
10,538 
At 28 February 2023
11,470 
15,295 
26,765 
Net book value
At 28 February 2023
383,641 
9,198 
392,839 
At 28 February 2022
388,056 
11,405 
399,461 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,061 
8,914 
Other debtors
- 
6,000 
8,061 
14,914 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
19,400 
19,400 
VAT
2,221 
382 
Trade creditors
1,449 
- 
Taxes and social security
142 
315 
Other creditors
1,404 
1,237 
24,616 
21,334 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
489,631 
500,793 
Loans from directors
231,847 
230,731 
721,478 
731,524 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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