1 March 2023 false No description of principal activity Taxfiler 2024.6 SC653986business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC6539862023-02-28 SC6539862023-03-012024-02-29 SC653986business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC653986business:FilletedAccounts2023-03-012024-02-29 SC6539862024-02-29 SC653986business:Director12023-03-012024-02-29 SC653986business:Director22023-03-012024-02-29 SC653986business:RegisteredOffice2023-03-012024-02-29 SC6539862023-02-28 SC653986core:WithinOneYear2024-02-29 SC653986core:WithinOneYear2023-02-28 SC653986core:AfterOneYear2024-02-29 SC653986core:AfterOneYear2023-02-28 SC653986core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC653986core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC653986core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC653986core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC653986core:PreviouslyStatedAmount2024-02-29 SC653986core:PreviouslyStatedAmount2023-02-28 SC653986business:SmallEntities2023-03-012024-02-29 SC653986countries:Scotland2023-03-012024-02-29 SC653986core:LandBuildings2023-03-012024-02-29 SC653986core:PlantMachinery2023-03-012024-02-29 SC653986core:IntangibleAssetsOtherThanGoodwill2023-02-28 SC653986core:IntangibleAssetsOtherThanGoodwill2024-02-29 SC653986core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-29 SC653986core:LandBuildings2023-02-28 SC653986core:PlantMachinery2023-02-28 SC653986core:LandBuildings2024-02-29 SC653986core:PlantMachinery2024-02-29 SC6539862022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC653986 (Scotland)
The Really Good Life Company Ltd Unaudited accounts for the year ended 29 February 2024
The Really Good Life Company Ltd Unaudited accounts Contents
Page
- 2 -
The Really Good Life Company Ltd Company Information for the year ended 29 February 2024
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
- 3 -
The Really Good Life Company Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
199,518 
232,771 
Tangible assets
388,919 
392,839 
588,437 
625,610 
Current assets
Debtors
2,298 
8,061 
Cash at bank and in hand
2,589 
388 
4,887 
8,449 
Creditors: amounts falling due within one year
(27,486)
(24,616)
Net current liabilities
(22,599)
(16,167)
Total assets less current liabilities
565,838 
609,443 
Creditors: amounts falling due after more than one year
(689,594)
(721,478)
Net liabilities
(123,756)
(112,035)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(123,856)
(112,135)
Shareholders' funds
(123,756)
(112,035)
For the year ending 29 February 2024 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 22 October 2024 and were signed on its behalf by
Nathan Cole Director Company Registration No. SC653986
- 4 -
The Really Good Life Company Ltd Notes to the Accounts for the year ended 29 February 2024
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
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:
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 2023
332,530 
At 29 February 2024
332,530 
Amortisation
At 1 March 2023
99,759 
Charge for the year
33,253 
At 29 February 2024
133,012 
Net book value
At 29 February 2024
199,518 
At 28 February 2023
232,771 
- 5 -
The Really Good Life Company Ltd Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
395,111 
24,493 
419,604 
Additions
4,075 
3,936 
8,011 
At 29 February 2024
399,186 
28,429 
427,615 
Depreciation
At 1 March 2023
11,470 
15,295 
26,765 
Charge for the year
4,823 
7,108 
11,931 
At 29 February 2024
16,293 
22,403 
38,696 
Net book value
At 29 February 2024
382,893 
6,026 
388,919 
At 28 February 2023
383,641 
9,198 
392,839 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,298 
8,061 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
19,400 
19,400 
VAT
2,292 
2,221 
Trade creditors
- 
1,449 
Taxes and social security
4,152 
142 
Other creditors
1,642 
1,404 
27,486 
24,616 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
478,127 
489,631 
Loans from directors
211,467 
231,847 
689,594 
721,478 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -