0 false false false false false false false false false false true false false false false true true No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 173,630 173,630 173,630 xbrli:pure xbrli:shares iso4217:GBP 12415848 2023-02-01 2024-01-31 12415848 2024-01-31 12415848 2023-01-31 12415848 2022-02-01 2023-01-31 12415848 2023-01-31 12415848 2022-01-31 12415848 bus:Director1 2023-02-01 2024-01-31 12415848 bus:Director2 2023-02-01 2024-01-31 12415848 core:AfterOneYear 2024-01-31 12415848 core:AfterOneYear 2023-01-31 12415848 core:WithinOneYear 2024-01-31 12415848 core:WithinOneYear 2023-01-31 12415848 core:ShareCapital 2024-01-31 12415848 core:ShareCapital 2023-01-31 12415848 core:RetainedEarningsAccumulatedLosses 2024-01-31 12415848 core:RetainedEarningsAccumulatedLosses 2023-01-31 12415848 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 12415848 core:Non-currentFinancialInstruments 2024-01-31 12415848 core:Non-currentFinancialInstruments 2023-01-31 12415848 bus:Director1 2023-01-31 12415848 bus:Director1 2024-01-31 12415848 bus:Director2 2023-01-31 12415848 bus:Director2 2024-01-31 12415848 bus:Director1 2022-01-31 12415848 bus:Director1 2023-01-31 12415848 bus:Director2 2022-01-31 12415848 bus:Director2 2023-01-31 12415848 bus:Director1 2022-02-01 2023-01-31 12415848 bus:Director2 2022-02-01 2023-01-31 12415848 bus:SmallEntities 2023-02-01 2024-01-31 12415848 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12415848 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12415848 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12415848 bus:FullAccounts 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 12415848
GOOD LIVING LIMITED
Filleted Unaudited Financial Statements
31 January 2024
GOOD LIVING LIMITED
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
173,630
173,630
Current assets
Debtors
5
725
725
Cash at bank and in hand
1,157
817
-------
-------
1,882
1,542
Creditors: amounts falling due within one year
6
51,779
51,495
--------
--------
Net current liabilities
49,897
49,953
---------
---------
Total assets less current liabilities
123,733
123,677
Creditors: amounts falling due after more than one year
7
126,446
126,446
---------
---------
Net liabilities
( 2,713)
( 2,769)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 2,813)
( 2,869)
-------
-------
Shareholders deficit
( 2,713)
( 2,769)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GOOD LIVING LIMITED
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 22 November 2024 , and are signed on behalf of the board by:
Trishul Shah
Binita Shah
Director
Director
Company registration number: 12415848
GOOD LIVING LIMITED
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 301 Kenton Lane, Harrow, England, HA3 8RR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
Other investments other than loans
£
Cost
At 1 February 2023 and 31 January 2024
173,630
---------
Impairment
At 1 February 2023 and 31 January 2024
---------
Carrying amount
At 31 January 2024
173,630
---------
At 31 January 2023
173,630
---------
5. Debtors
2024
2023
£
£
Other debtors
725
725
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
51,779
51,495
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
126,446
126,446
---------
---------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Trishul Shah
( 24,683)
( 184)
( 24,867)
Binita Shah
( 24,683)
( 184)
( 24,867)
--------
----
--------
( 49,366)
( 368)
( 49,734)
--------
----
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Trishul Shah
( 24,848)
165
( 24,683)
Binita Shah
( 24,847)
164
( 24,683)
--------
----
--------
( 49,695)
329
( 49,366)
--------
----
--------
9. Related party transactions
The company was under the control of Trishul Shah and Binita Shah throughout the current year. Trishul Shah and Binita Shah are the managing director and equal shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.