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
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
The Really Good Life Company Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
199,518
232,771
Tangible assets
388,919
392,839
Cash at bank and in hand
2,589
388
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)
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
The Really Good Life Company Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 29 February 2024
332,530
Charge for the year
33,253
At 29 February 2024
133,012
At 29 February 2024
199,518
At 28 February 2023
232,771
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
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
At 29 February 2024
382,893
6,026
388,919
At 28 February 2023
383,641
9,198
392,839
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,400
19,400
Taxes and social security
4,152
142
Other creditors
1,642
1,404
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
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).