Chance Construction Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08802599

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,897		21,563

			17,897		21,563
CURRENT ASSETS
Stocks	5	20,000		48,000
Debtors	6	-		299

		20,000		48,299
Creditors: Amounts Falling Due Within One Year	7	(106,866 )		(83,216 )

NET CURRENT ASSETS (LIABILITIES)			(86,866 )		(34,917 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(68,969 )		(13,354 )

Creditors: Amounts Falling Due After More Than One Year	8		(34,192 )		(39,939 )

NET LIABILITIES			(103,161 )		(53,293 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(103,261 )		(53,393 )

SHAREHOLDERS' FUNDS			(103,161)		(53,293)

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Chance Construction Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr R Chance

Director

29/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Chance Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08802599 . The registered office is Anglo House, Worcester Road, Stourport-On-Severn, Worcestershire, DY13 9AW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Reducing balance
Plant & Machinery	Reducing balance
Motor Vehicles	Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: )

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	57,884	40,365	98,249

As at 31 December 2024	57,884	40,365	98,249

Depreciation
As at 1 January 2024	40,643	36,043	76,686
Provided during the period	2,586	1,080	3,666

As at 31 December 2024	43,229	37,123	80,352

...CONTINUED

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Chance Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	14,655	3,242	17,897

As at 1 January 2024	17,241	4,322	21,563

5. Stocks

	2024	2023
	£	£
Work in progress	20,000	48,000

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	-	299

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	1
Bank loans and overdrafts	-	4,968
Other creditors	106,577	78,247
Taxation and social security	289	-

	106,866	83,216

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	34,192	39,939

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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