2022-11-012023-10-312023-10-31false10356166CITRINO STONEWORK & RESTORATION 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CITRINO STONEWORK & RESTORATION LIMITED

Registered Number
10356166
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

CITRINO STONEWORK & RESTORATION LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

TURNER, Raymond
BASSACO, Pamela

Company Secretary

TURNER, Raymond

Registered Address

71-75 Shelton Street Shelton Street
London
WC2H 9JQ

Registered Number

10356166 (England and Wales)
CITRINO STONEWORK & RESTORATION LIMITED
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets317,77723,079
17,77723,079
Current assets
Stocks451,16159,813
Debtors5280,933161,598
Cash at bank and on hand3,66331,528
335,757252,939
Creditors amounts falling due within one year6(318,385)(212,860)
Net current assets (liabilities)17,37240,079
Total assets less current liabilities35,14963,158
Creditors amounts falling due after one year7(30,810)(47,402)
Provisions for liabilities9(3,733)(4,385)
Net assets60611,371
Capital and reserves
Called up share capital100100
Profit and loss account50611,271
Shareholders' funds60611,371
The financial statements were approved and authorised for issue by the Board of Directors on 18 July 2024, and are signed on its behalf by:
TURNER, Raymond
Director
Registered Company No. 10356166
CITRINO STONEWORK & RESTORATION LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year34
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 November 2229027,7908614,20333,144
Additions---624624
At 31 October 2329027,7908614,82733,768
Depreciation and impairment
At 01 November 222226,9486262,26910,065
Charge for year175,211586405,926
At 31 October 2323912,1596842,90915,991
Net book value
At 31 October 235115,6311771,91817,777
At 31 October 226820,8422351,93423,079
4.Stocks

2023

2022

££
Work in progress51,16159,813
Total51,16159,813
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables133,975161,220
Other debtors146,958-
Prepayments and accrued income-378
Total280,933161,598
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables16,54418,592
Bank borrowings and overdrafts10,1989,721
Taxation and social security257,128168,646
Finance lease and HP contracts6,82212,322
Other creditors7,846192
Accrued liabilities and deferred income19,8473,387
Total318,385212,860
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts17,73427,503
Other creditors13,07619,899
Total30,81047,402
8.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts13,07719,899
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,7334,385
Total3,7334,385
10.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
TURNER, Raymond052,538052,538
BASSACO, Pamela035,198035,198
087,736087,736