IRIS Accounts Production v25.1.4.42 04702608 director 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047026082023-12-31047026082024-12-31047026082024-01-012024-12-31047026082022-12-31047026082023-01-012023-12-31047026082023-12-3104702608ns15:EnglandWales2024-01-012024-12-3104702608ns14:PoundSterling2024-01-012024-12-3104702608ns10:Director12024-01-012024-12-3104702608ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104702608ns10:SmallEntities2024-01-012024-12-3104702608ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104702608ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104702608ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104702608ns10:FullAccounts2024-01-012024-12-3104702608ns10:OrdinaryShareClass12024-01-012024-12-3104702608ns10:CompanySecretary12024-01-012024-12-3104702608ns10:RegisteredOffice2024-01-012024-12-3104702608ns5:CurrentFinancialInstruments2024-12-3104702608ns5:CurrentFinancialInstruments2023-12-3104702608ns5:Non-currentFinancialInstruments2024-12-3104702608ns5:Non-currentFinancialInstruments2023-12-3104702608ns5:ShareCapital2024-12-3104702608ns5:ShareCapital2023-12-3104702608ns5:RetainedEarningsAccumulatedLosses2024-12-3104702608ns5:RetainedEarningsAccumulatedLosses2023-12-3104702608ns5:FurnitureFittings2024-01-012024-12-3104702608ns5:MotorVehicles2024-01-012024-12-3104702608ns5:FurnitureFittings2023-12-3104702608ns5:MotorVehicles2023-12-3104702608ns5:FurnitureFittings2024-12-3104702608ns5:MotorVehicles2024-12-3104702608ns5:FurnitureFittings2023-12-3104702608ns5:MotorVehicles2023-12-3104702608ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104702608ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104702608ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3104702608ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3104702608ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3104702608ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3104702608ns5:HirePurchaseContracts2024-12-3104702608ns5:HirePurchaseContracts2023-12-3104702608ns5:WithinOneYear2024-12-3104702608ns5:WithinOneYear2023-12-3104702608ns5:BetweenOneFiveYears2024-12-3104702608ns5:BetweenOneFiveYears2023-12-3104702608ns5:AllPeriods2024-12-3104702608ns5:AllPeriods2023-12-3104702608ns5:DeferredTaxation2023-12-3104702608ns5:DeferredTaxation2024-12-3104702608ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 04702608 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Two Guys Kitchens Limited

Two Guys Kitchens Limited (Registered number: 04702608)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Two Guys Kitchens Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A G Marshall





SECRETARY: Mrs J E Marshall





REGISTERED OFFICE: Armstrong Road
Daneshill East Industrial Estate
Basingstoke
Hampshire
RG24 8NU





REGISTERED NUMBER: 04702608 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Two Guys Kitchens Limited (Registered number: 04702608)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,350 85,318

CURRENT ASSETS
Stocks 33,861 48,146
Debtors 5 27,483 85,694
Cash at bank 176,586 203,984
237,930 337,824
CREDITORS
Amounts falling due within one year 6 213,076 319,567
NET CURRENT ASSETS 24,854 18,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,204

103,575

CREDITORS
Amounts falling due after more than one
year

7

(72,652

)

(54,084

)

PROVISIONS FOR LIABILITIES 10 (15,172 ) (12,532 )
NET ASSETS 23,380 36,959

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 23,280 36,859
SHAREHOLDERS' FUNDS 23,380 36,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Two Guys Kitchens Limited (Registered number: 04702608)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2025 and were signed by:





A G Marshall - Director


Two Guys Kitchens Limited (Registered number: 04702608)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Two Guys Kitchens Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Two Guys Kitchens Limited (Registered number: 04702608)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 1,986 185,173 187,159
Additions - 66,778 66,778
Disposals - (71,636 ) (71,636 )
At 31 December 2024 1,986 180,315 182,301
DEPRECIATION
At 1 January 2024 1,986 99,855 101,841
Charge for year - 27,980 27,980
Eliminated on disposal - (33,870 ) (33,870 )
At 31 December 2024 1,986 93,965 95,951
NET BOOK VALUE
At 31 December 2024 - 86,350 86,350
At 31 December 2023 - 85,318 85,318


Two Guys Kitchens Limited (Registered number: 04702608)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 23,425 70,521
Other debtors 4,058 15,173
27,483 85,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 18,000 24,167
Hire purchase contracts (see note 8) 12,465 18,629
Trade creditors 109,024 105,533
Taxation and social security 48,684 88,046
Other creditors 24,903 83,192
213,076 319,567

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 32,058 -
Hire purchase contracts (see note 8) 40,594 54,084
72,652 54,084

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 12,465 18,629
Between one and five years 40,594 54,084
53,059 72,713

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 3,600 7,200
Between one and five years - 3,600
3,600 10,800

Two Guys Kitchens Limited (Registered number: 04702608)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 53,059 72,713

The obligations under hire purchase agreements are secured against the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 15,172 12,532

Deferred
tax
£   
Balance at 1 January 2024 12,532
Accelerated capital allowances 2,640
Balance at 31 December 2024 15,172

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100