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Company Registration No. 04089751 (England and Wales)
CHIEF CONTRACTS LIMITED Unaudited accounts for the year ended 30 November 2022
CHIEF CONTRACTS LIMITED Unaudited accounts Contents
Page
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CHIEF CONTRACTS LIMITED Company Information for the year ended 30 November 2022
Directors
Mrs A Crane S Crane
Secretary
Mrs A Crane
Company Number
04089751 (England and Wales)
Registered Office
221 Shaw Lane Markfield Leicestershire LE67 9PW UK
Accountants
City Tax Shop Limited 8 Ridge House Drive Festival Park Stoke-on-Trent Staffs ST1 5SJ
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CHIEF CONTRACTS LIMITED Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
441 
588 
Current assets
Debtors
4,406 
- 
Creditors: amounts falling due within one year
(4,754)
(539)
Net current liabilities
(348)
(539)
Net assets
93 
49 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
89 
45 
Shareholders' funds
93 
49 
For the year ending 30 November 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
S Crane Director Company Registration No. 04089751
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CHIEF CONTRACTS LIMITED Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
CHIEF CONTRACTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04089751. The registered office is 221 Shaw Lane, Markfield, Leicestershire, LE67 9PW, UK.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25& on reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2021
8,044 
23,865 
31,909 
At 30 November 2022
8,044 
23,865 
31,909 
Depreciation
At 1 December 2021
8,044 
23,277 
31,321 
Charge for the year
- 
147 
147 
At 30 November 2022
8,044 
23,424 
31,468 
Net book value
At 30 November 2022
- 
441 
441 
At 30 November 2021
- 
588 
588 
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CHIEF CONTRACTS LIMITED Notes to the Accounts for the year ended 30 November 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,406 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
4,066 
22 
Taxes and social security
2,578 
3,012 
Loans from directors
(2,840)
(3,300)
Accruals
950 
805 
4,754 
539 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S Crane
Loan to Director
3,300 
- 
460 
2,840 
3,300 
- 
460 
2,840 
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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