Company Registration No. 09537917 (England and Wales)
Two Fat Men Limited
Unaudited accounts
for the year ended 31 December 2021
Two Fat Men Limited
Unaudited accounts
Contents
Two Fat Men Limited
Company Information
for the year ended 31 December 2021
Company Number
09537917 (England and Wales)
Registered Office
1 CAPITAL QUARTER
TYNDALL STREET
CARDIFF
CF10 4BZ
WALES
Two Fat Men Limited
Statement of financial position
as at 31 December 2021
Tangible assets
13,350
19,242
Creditors: amounts falling due within one year
(529,305)
(521,197)
Net current liabilities
(12,703)
(166,679)
Total assets less current liabilities
650
(147,434)
Creditors: amounts falling due after more than one year
(123,520)
(125,520)
Net liabilities
(122,870)
(272,954)
Called up share capital
1,300
1,300
Share premium
38,700
38,700
Profit and loss account
(162,870)
(312,954)
Shareholders' funds
(122,870)
(272,954)
For the year ending 31 December 2021 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 director acknowledges his 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 and authorised for issue on 5 September 2022 and were signed on its behalf by
David Davies
Director
Company Registration No. 09537917
Two Fat Men Limited
Notes to the Accounts
for the year ended 31 December 2021
Two Fat Men Limited is a private company, limited by shares, registered in England and Wales, registration number 09537917. The registered office is 1 CAPITAL QUARTER, TYNDALL STREET, CARDIFF, CF10 4BZ, WALES.
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:
Plant & machinery
25% straight line
Computer equipment
33% straight line
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
17,174
4,846
22,020
At 31 December 2021
17,174
4,846
22,020
At 1 January 2021
1,182
1,596
2,778
Charge for the year
4,793
1,099
5,892
At 31 December 2021
5,975
2,695
8,670
At 31 December 2021
11,199
2,151
13,350
At 31 December 2020
15,992
3,250
19,242
Two Fat Men Limited
Notes to the Accounts
for the year ended 31 December 2021
5
Investments
Subsidiary undertakings
Valuation at 1 January 2021
3
Valuation at 31 December 2021
3
6
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
486,237
319,724
Accrued income and prepayments
-
4,766
Other debtors
28,500
28,500
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
3,411
6,267
Amounts owed to group undertakings and other participating interests
153,509
108,576
Taxes and social security
3,020
2,405
Loans from directors
368,961
403,602
8
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
123,520
125,520
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).