Feelgood2 Limited - Filleted accounts

Registered number

07992797

Feelgood2 Limited

Filleted Accounts

31 March 2025

Feelgood2 Limited
Registered number:		07992797
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		418			559

Current assets
Debtors	4	-			4,247
Cash at bank and in hand		3,572			9,914
		3,572			14,161

Creditors: amounts falling due within one year	5	(11,906)			(13,915)

Net current (liabilities)/assets			(8,334)			246

Total assets less current liabilities			(7,916)			805


Provisions for liabilities			-			(43)


Net (liabilities)/assets			(7,916)			762

Capital and reserves
Profit and loss account			(7,916)			762

Shareholders' funds			(7,916)			762

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R L Stephenson
Director
Approved by the board on 4 September 2025

Feelgood2 Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	As explained in note 7 to the financial statements, the company will cease trading on 12 August 2025 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company’s assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.’

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 April 2024							2,223
	At 31 March 2025							2,223

	Depreciation
	At 1 April 2024							1,664
	Charge for the year							141
	At 31 March 2025							1,805

	Net book value
	At 31 March 2025							418
	At 31 March 2024							559


4	Debtors					2025		2024
£							£

	Trade debtors					-		394
	Other debtors					-		3,853
						-		4,247


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Taxation and social security costs					-		(526)
	Other creditors					11,906		14,441
						11,906		13,915


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	P Beeny	-		3,000		(3,000)		-

		-		3,000		(3,000)		-


7	Other information

	Feelgood2 Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 1, Trinity House
	33a Market Street
	Lichfield
	Staffs
	WS13 6LA


	Sadly the business has struggled over the last couple of years and both directors have taken the decision to close the business. There is only one creditor being Vesey Accounting Services Ltd as at time of finalising the accounts for the year ending 31st March 2025 of which the Directors have agreed to settle personally. The other Creditor balance is owed to Director Mr R Stephenson which will be written off as un recoverable.