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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
Page
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Two Fat Men Limited Company Information for the year ended 31 December 2023
Director
David Davies
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
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Two Fat Men Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,929 
12,101 
Investments
54 
54 
5,983 
12,155 
Current assets
Debtors
636,288 
607,931 
Cash at bank and in hand
(21,355)
(19,350)
614,933 
588,581 
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)
Capital and reserves
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
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Two Fat Men Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Pension costs
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
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
Investments in shares are included at fair value.
Going concern
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
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Two Fat Men Limited Notes to the Accounts for the year ended 31 December 2023
Charges
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 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,606 
Amounts due from group undertakings etc.
463,657 
360,322 
Accrued income and prepayments
151,862 
207,504 
Other debtors
20,769 
37,499 
636,288 
607,931 
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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 
£ 
£ 
VAT
33,063 
- 
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 
Accruals
1,841 
- 
633,438 
610,255 
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).
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