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Company Registration No. 04089751 (England and Wales)
Chief Contracts Limited Unaudited accounts for the year ended 30 November 2025
Chief Contracts Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Chief Contracts Limited Company Information for the year ended 30 November 2025
Directors
Mrs A Crane Mr S Crane
Secretary
Mrs A Crane
Company Number
04089751 (England and Wales)
Registered Office
221 Shaw Lane Markfield Leicestershire LE67 9PW England
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Chief Contracts Limited Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
186
248
Current assets
Inventories
-
1,150
Debtors
5
4,000
-
4,000
1,150
Creditors: amounts falling due within one year
6
(4,108)
(1,323)
Net current liabilities
(108)
(173)
Net assets
78
75
Capital and reserves
Called up share capital
7
4
4
Profit and loss account
74
71
Shareholders' funds
78
75
For the year ending 30 November 2025 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 20 August 2026 and were signed on its behalf by
Mr S Crane Director Company Registration No. 04089751
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Chief Contracts Limited Notes to the Accounts for the year ended 30 November 2025
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, 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.
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 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
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Chief Contracts Limited Notes to the Accounts for the year ended 30 November 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2024
8,044
23,865
31,909
At 30 November 2025
8,044
23,865
31,909
Depreciation
At 1 December 2024
8,044
23,617
31,661
Charge for the year
-
62
62
At 30 November 2025
8,044
23,679
31,723
Net book value
At 30 November 2025
-
186
186
At 30 November 2024
-
248
248
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
4,000
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
4,066
4,066
Taxes and social security
3,483
7,041
Loans from directors
(4,041)
(10,734)
Accruals
600
950
4,108
1,323
7
Share capital
2025
2024
£
£
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
£
£
£
£
Mr S Crane
Loan to Director
10,734
-
6,693
4,041
10,734
-
6,693
4,041
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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