Company Registration No. 07122336 (England and Wales)
MEDICAL LOCUM SOLUTION LIMITED
Unaudited accounts
for the year ended 31 December 2023
MEDICAL LOCUM SOLUTION LIMITED
Unaudited accounts
Contents
MEDICAL LOCUM SOLUTION LIMITED
Company Information
for the year ended 31 December 2023
Company Number
07122336 (England and Wales)
Registered Office
BEECH COTTAGE
STREAM ROAD
KINGSWINFORD
DY6 9NW
ENGLAND
Accountants
Tax Accountant | Specialist Tax Consultancy
3 Brindley Place
Birmingham
West Midlands
B1 2JB
MEDICAL LOCUM SOLUTION LIMITED
Statement of financial position
as at 31 December 2023
Investment property
136,490
136,490
Investments
833,900
833,900
Cash at bank and in hand
3,671
1,165
Creditors: amounts falling due within one year
(734,477)
(735,323)
Net current liabilities
(730,806)
(734,158)
Net assets
239,709
236,672
Called up share capital
2
2
Profit and loss account
239,707
236,670
Shareholders' funds
239,709
236,672
For the year ending 31 December 2023 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 25 July 2024 and were signed on its behalf by
Dr Ahmed ADNAN
Director
Company Registration No. 07122336
MEDICAL LOCUM SOLUTION LIMITED
Notes to the Accounts
for the year ended 31 December 2023
MEDICAL LOCUM SOLUTION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07122336. The registered office is BEECH COTTAGE, STREAM ROAD, KINGSWINFORD, DY6 9NW, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
10% Straight Line
Computer equipment
10% Straight Line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MEDICAL LOCUM SOLUTION LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
550
3,150
3,700
At 31 December 2023
550
3,150
3,700
At 1 January 2023
675
2,585
3,260
Charge for the year
-
315
315
At 31 December 2023
675
2,900
3,575
At 31 December 2023
(125)
250
125
At 31 December 2022
(125)
565
440
Fair value at 1 January 2023
136,490
At 31 December 2023
136,490
The company has bought two new build residential flats from Mandale Homes. Properties have been valued by Chancery Estates 5 Chancery Lane, London, WC2A 1LG
6
Investments
Subsidiary undertakings
Valuation at 1 January 2023
833,900
Valuation at 31 December 2023
833,900
Company has made an investment of £833,900 in T & A Properties (BHAM) Limited and owns 100% shares. Part investment of £416,950 from last year declared in Other investments - unlisted has been added to Investments in subsidiaries. T & A Properties (BHAM) Limited is now a subsidiary of Medical Locum Solution Limited.
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
846
Other creditors
1,500
1,500
Loans from directors
732,977
732,977
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
MEDICAL LOCUM SOLUTION LIMITED
Notes to the Accounts
for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).