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REGISTERED NUMBER: 09636838 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MEDICAL-LOCUMS GROUP LTD

MEDICAL-LOCUMS GROUP LTD (REGISTERED NUMBER: 09636838)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEDICAL-LOCUMS GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: A M Ali
G Lagioia





REGISTERED OFFICE: 1st Floor, Bluepoint House
Davy Avenue
Knowlhill
Milton Keynes
MK5 8PB





REGISTERED NUMBER: 09636838 (England and Wales)





ACCOUNTANTS: Digital Tax Matters Limited
27 St Cuthberts Street
Bedford
MK40 3JG

MEDICAL-LOCUMS GROUP LTD (REGISTERED NUMBER: 09636838)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 278,774 302,834
Tangible assets 5 22,980 34,381
301,754 337,215

CURRENT ASSETS
Stocks 167,463 198,875
Debtors 6 1,171,529 730,482
Cash at bank 30,747 55,675
1,369,739 985,032
CREDITORS
Amounts falling due within one year 7 990,230 539,106
NET CURRENT ASSETS 379,509 445,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

681,263

783,141

CREDITORS
Amounts falling due after more than one
year

8

589,601

686,214
NET ASSETS 91,662 96,927

CAPITAL AND RESERVES
Called up share capital 150,075 150,075
Retained earnings (58,413 ) (53,148 )
SHAREHOLDERS' FUNDS 91,662 96,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MEDICAL-LOCUMS GROUP LTD (REGISTERED NUMBER: 09636838)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





A M Ali - Director


MEDICAL-LOCUMS GROUP LTD (REGISTERED NUMBER: 09636838)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Medical-Locums Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

MEDICAL-LOCUMS GROUP LTD (REGISTERED NUMBER: 09636838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Research and development
Deferred expenditure on research and development costs are amortised over 10 years.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 96 (2022 - 111 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 481,190
AMORTISATION
At 1 November 2022 178,356
Charge for year 24,060
At 31 October 2023 202,416
NET BOOK VALUE
At 31 October 2023 278,774
At 31 October 2022 302,834

MEDICAL-LOCUMS GROUP LTD (REGISTERED NUMBER: 09636838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 93,949
Additions 2,950
At 31 October 2023 96,899
DEPRECIATION
At 1 November 2022 59,568
Charge for year 14,351
At 31 October 2023 73,919
NET BOOK VALUE
At 31 October 2023 22,980
At 31 October 2022 34,381

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 978,933 536,525
Amounts owed by group undertakings 67,403 37,602
Other debtors 125,193 156,355
1,171,529 730,482

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 835,175 355,873
Trade creditors 9,990 17,376
Taxation and social security 127,182 142,958
Other creditors 17,883 22,899
990,230 539,106

MEDICAL-LOCUMS GROUP LTD (REGISTERED NUMBER: 09636838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 152,079 224,023
Other creditors 437,522 462,191
589,601 686,214

Amounts falling due in more than five years:

Repayable by instalments
Long term loans 39,842 45,660
Funding circle 112,237 178,363
152,079 224,023