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Company Registration No. 11510989 (England and Wales)
SECOND CHANCE RESOURCE LIMITED Unaudited accounts for the year ended 31 August 2024
SECOND CHANCE RESOURCE LIMITED Company Information for the year ended 31 August 2024
Director
Collins Friday Nemi
Secretary
Karen Oluwafunmike Nemi
Company Number
11510989 (England and Wales)
Registered Office
19 HEADLEY ROAD BISHOPSWORTH BRISTOL BS13 7RN UNITED KINGDOM
Accountants
Faire Services Limited Certified Accountants 50 Northover Road Bristol BS9 3LJ
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SECOND CHANCE RESOURCE LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,320 
2,502 
Current assets
Cash at bank and in hand
14,713 
1,104 
Creditors: amounts falling due within one year
(350)
(250)
Net current assets
14,363 
854 
Total assets less current liabilities
17,683 
3,356 
Creditors: amounts falling due after more than one year
(83,591)
(47,916)
Net liabilities
(65,908)
(44,560)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(65,909)
(44,561)
Shareholders' funds
(65,908)
(44,560)
For the year ending 31 August 2024 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 12 December 2024 and were signed on its behalf by
Collins Friday Nemi Director Company Registration No. 11510989
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SECOND CHANCE RESOURCE LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
SECOND CHANCE RESOURCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11510989. The registered office is 19 HEADLEY ROAD, BISHOPSWORTH, BRISTOL, BS13 7RN, UNITED KINGDOM.
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:
Computer equipment
18%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
2,502 
Additions
818 
At 31 August 2024
3,320 
Depreciation
At 31 August 2024
- 
Net book value
At 31 August 2024
3,320 
At 31 August 2023
2,502 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
350 
250 
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SECOND CHANCE RESOURCE LIMITED Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,063 
40,209 
Loans from directors
49,528 
7,707 
83,591 
47,916 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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