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REGISTERED NUMBER: 06559105 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Two Good Limited

Two Good Limited (Registered number: 06559105)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Two Good Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M J Good
Mrs N Good





SECRETARY: Mrs N Good





REGISTERED OFFICE: The Hand Cottage
385 Chester Road
Woodford
Stockport
Cheshire
SK7 1QQ





REGISTERED NUMBER: 06559105 (England and Wales)





ACCOUNTANTS: Nolan James Limited
Chartered Accountants
Suite 1
Armcon Business Park
London Road South
Poynton
Cheshire
SK12 1LQ

Two Good Limited (Registered number: 06559105)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,099 59,745

CURRENT ASSETS
Debtors 5 487 5,892
Cash at bank and in hand 52,912 65,092
53,399 70,984
CREDITORS
Amounts falling due within one year 6 42,856 49,192
NET CURRENT ASSETS 10,543 21,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,642

81,537

CREDITORS
Amounts falling due after more than one
year

7

43,412

63,175

PROVISIONS FOR LIABILITIES 11,352 11,352

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,778 6,910
SHAREHOLDERS' FUNDS 1,878 7,010
56,642 81,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Two Good Limited (Registered number: 06559105)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





M J Good - Director


Two Good Limited (Registered number: 06559105)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Two Good Limited (Registered number: 06559105)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 86,067
Additions 1,937
At 31 March 2024 88,004
DEPRECIATION
At 1 April 2023 26,322
Charge for year 15,583
At 31 March 2024 41,905
NET BOOK VALUE
At 31 March 2024 46,099
At 31 March 2023 59,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 487 5,892

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,950 4,846
Hire purchase contracts 14,693 14,693
Taxation and social security 20,711 27,328
Other creditors 2,502 2,325
42,856 49,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,680 11,751
Hire purchase contracts 36,732 51,424
43,412 63,175

Two Good Limited (Registered number: 06559105)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
M J Good
Balance outstanding at start of year - 8,760
Amounts repaid - (8,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs N Good
Balance outstanding at start of year - 9,171
Amounts repaid - (9,171 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -