Company Registration No. 04089751 (England and Wales)
Chief Contracts Limited
Unaudited accounts
for the year ended 30 November 2023
Chief Contracts Limited
Unaudited accounts
Contents
Chief Contracts Limited
Company Information
for the year ended 30 November 2023
Directors
Mrs A Crane
Mr S Crane
Company Number
04089751 (England and Wales)
Registered Office
221 Shaw Lane
Markfield
Leicestershire
LE67 9PW
England
Chief Contracts Limited
Statement of financial position
as at 30 November 2023
Creditors: amounts falling due within one year
(9,480)
(4,754)
Net current assets/(liabilities)
4,110
(348)
Called up share capital
4
4
Profit and loss account
4,437
89
Shareholders' funds
4,441
93
For the year ending 30 November 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 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 28 August 2024 and were signed on its behalf by
Mr S Crane
Director
Company Registration No. 04089751
Chief Contracts Limited
Notes to the Accounts
for the year ended 30 November 2023
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, England.
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.
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.
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% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
8,044
23,865
31,909
At 30 November 2023
8,044
23,865
31,909
At 1 December 2022
8,044
23,424
31,468
Charge for the year
-
110
110
At 30 November 2023
8,044
23,534
31,578
At 30 November 2023
-
331
331
At 30 November 2022
-
441
441
Chief Contracts Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
13,590
4,406
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,298
2,578
Loans from directors
153
(2,840)
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
2,840
-
2,840
-
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).