121_MEDICS_LTD - Accounts

Current assets includes £5,017 (2018 - £53,967) in respect of loans made by the company to its directors. This amount is repayable on demand and interest is charged thereon at 2.5% per annum.

The average number of persons, including directors, employed by the company during the year was as follows:

121 Medics Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Arquen House, 4-6 Spicer Street, St Albans, Hertfordshire, AL3 4PQ.

For the year ended 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.