2022-11-012023-10-312023-10-31false04831522Skitini Care Homes 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Skitini Care Homes Limited

Registered Number
04831522
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

Skitini Care Homes Limited
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

Skitini, Nicolas

Company Secretary

Skitini, Dawn

Registered Address

Melody Lodge, Hall Lane
West Keal
Spilsby
PE23 4BJ

Registered Number

04831522 (England and Wales)
Skitini Care Homes Limited
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets4219,186252,280
219,186252,280
Current assets
Stocks603603
Debtors20,46521,973
Cash at bank and on hand540,445352,609
561,513375,185
Creditors amounts falling due within one year(184,936)(134,019)
Net current assets (liabilities)376,577241,166
Total assets less current liabilities595,763493,446
Provisions for liabilities(13,497)(13,497)
Net assets582,266479,949
Capital and reserves
Called up share capital11
Profit and loss account582,265479,948
Shareholders' funds582,266479,949
The financial statements were approved and authorised for issue by the Director on 30 July 2024, and are signed on its behalf by:
Skitini, Nicolas
Director
Registered Company No. 04831522
Skitini Care Homes 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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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.
Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years. Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year65
3.Intangible assets

Total

£
Cost or valuation
At 01 November 2243,760
At 31 October 2343,760
Amortisation and impairment
At 01 November 2243,760
At 31 October 2343,760
Net book value
At 31 October 23-
At 31 October 22-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 22746,176
Additions11,769
At 31 October 23757,945
Depreciation and impairment
At 01 November 22493,896
Charge for year44,863
At 31 October 23538,759
Net book value
At 31 October 23219,186
At 31 October 22252,280