Registered number
11050475
MEDLOCUMS RECRUITMENT LTD
Filleted Accounts
30 November 2023
MEDLOCUMS RECRUITMENT LTD
Registered number: 11050475
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 21,118 27,367
Current assets
Debtors 4 2,333,492 2,544,384
Cash at bank and in hand 535,705 280,823
2,869,197 2,825,207
Creditors: amounts falling due within one year 5 (941,252) (1,328,305)
Net current assets 1,927,945 1,496,902
Net assets 1,949,063 1,524,269
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,948,963 1,524,169
Shareholders' funds 1,949,063 1,524,269
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher James Thomas Wood
Director
Approved by the board on 19 September 2024
MEDLOCUMS RECRUITMENT LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Straight Line Method
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 24 14
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 37,056
At 30 November 2023 37,056
Depreciation
At 1 December 2022 9,689
Charge for the year 6,249
At 30 November 2023 15,938
Net book value
At 30 November 2023 21,118
At 30 November 2022 27,367
4 Debtors 2023 2022
£ £
Trade debtors 2,097,628 1,884,763
Other debtors 235,864 659,621
2,333,492 2,544,384
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 798 -
Trade creditors 22,912 5,998
Taxation and social security costs 384,898 888,541
Other creditors 532,644 433,766
941,252 1,328,305
6 Other information
MEDLOCUMS RECRUITMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
4th Floor Dukes Place
32-28 Dukes Place
London
England
EC3A 7LP
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