Company Registration No. 09537917 (England and Wales)
Two Fat Men Limited
Unaudited accounts
for the year ended 31 December 2023
Two Fat Men Limited
Unaudited accounts
Contents
Two Fat Men Limited
Company Information
for the year ended 31 December 2023
Company Number
09537917 (England and Wales)
Registered Office
1 Capital Quarter
Tyndall Street
Cardiff
Wales
CF10 4BZ
Accountants
Cadre Advisory Ltd
Embassy Offices, Stangate House
Stanwell Road
Penarth
CF64 2AA
Two Fat Men Limited
Statement of financial position
as at 31 December 2023
Tangible assets
5,929
12,101
Cash at bank and in hand
(21,355)
(19,350)
Creditors: amounts falling due within one year
(633,438)
(610,255)
Net current liabilities
(18,505)
(21,674)
Total assets less current liabilities
(12,522)
(9,519)
Creditors: amounts falling due after more than one year
(109,520)
(112,520)
Net liabilities
(122,042)
(122,039)
Called up share capital
1,300
1,300
Share premium
38,700
38,700
Profit and loss account
(162,042)
(162,039)
Shareholders' funds
(122,042)
(122,039)
For the year ending 31 December 2023 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 25 April 2024 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 2023
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, Wales, CF10 4BZ.
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
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investments in shares are included at fair value.
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
Two Fat Men Limited
Notes to the Accounts
for the year ended 31 December 2023
Barclays Security Trustee Limited holds fixed and floating charge and a negative pledge dated 21 January 2021 over Two Fat Men Limited on all monies, obligations and liabilities which may be due to Barclays Security Trustee Limited now and in the future. (Charge code 0953 7917 0002)
The Finance Wales Investments (8) LTD holds fixed and floating charge and a negative pledge dated 17 November 2015 over Two Fat Men Limited on all monies, obligations and liabilities which may be due to Finance Wales Investments (8) LTD now and in the future. (Charge code 0953 7917 0001)
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
22,481
4,846
27,327
At 31 December 2023
22,481
4,846
27,327
At 1 January 2023
10,932
4,294
15,226
Charge for the year
5,620
552
6,172
At 31 December 2023
16,552
4,846
21,398
At 31 December 2023
5,929
-
5,929
At 31 December 2022
11,549
552
12,101
5
Investments
Subsidiary undertakings
Valuation at 1 January 2023
54
Valuation at 31 December 2023
54
Amounts falling due within one year
Amounts due from group undertakings etc.
463,657
360,322
Accrued income and prepayments
151,862
207,504
Other debtors
20,769
37,499
Two Fat Men Limited
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
10,972
8,237
Amounts owed to group undertakings and other participating interests
277,949
274,317
Taxes and social security
14,401
7,298
Other creditors
70,883
69,314
Loans from directors
224,329
251,089
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
109,520
112,520
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).