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Company Registration No. 12254218 (England and Wales)
MedRaf Limited Unaudited accounts for the year ended 31 October 2023
MedRaf Limited Unaudited accounts Contents
Page
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MedRaf Limited Company Information for the year ended 31 October 2023
Directors
Mehdi Kazemaliloo Raifa Kazemaliloo
Company Number
12254218 (England and Wales)
Registered Office
5 STALHAM ROAD HOVETON NORWICH NR12 8DG ENGLAND
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MedRaf Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
664,700 
693,600 
Tangible assets
581,405 
537,841 
1,246,105 
1,231,441 
Current assets
Inventories
16,600 
15,169 
Debtors
24,937 
25,569 
Cash at bank and in hand
2,727 
45,799 
44,264 
86,537 
Creditors: amounts falling due within one year
(239,180)
(298,890)
Net current liabilities
(194,916)
(212,353)
Total assets less current liabilities
1,051,189 
1,019,088 
Creditors: amounts falling due after more than one year
(909,175)
(956,674)
Net assets
142,014 
62,414 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
142,012 
62,412 
Shareholders' funds
142,014 
62,414 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by
Mehdi Kazemaliloo Director Company Registration No. 12254218
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MedRaf Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MedRaf Limited is a private company, limited by shares, registered in England and Wales, registration number 12254218. The registered office is 5 STALHAM ROAD, HOVETON, NORWICH, NR12 8DG, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Motor vehicles
15% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
722,500 
At 31 October 2023
722,500 
Amortisation
At 1 November 2022
28,900 
Charge for the year
28,900 
At 31 October 2023
57,800 
Net book value
At 31 October 2023
664,700 
At 31 October 2022
693,600 
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MedRaf Limited Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
504,000 
12,680 
42,493 
559,173 
Additions
- 
- 
62,400 
62,400 
At 31 October 2023
504,000 
12,680 
104,893 
621,573 
Depreciation
At 1 November 2022
- 
4,435 
16,897 
21,332 
Charge for the year
- 
1,237 
17,599 
18,836 
At 31 October 2023
- 
5,672 
34,496 
40,168 
Net book value
At 31 October 2023
504,000 
7,008 
70,397 
581,405 
At 31 October 2022
504,000 
8,245 
25,596 
537,841 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
17,405 
16,235 
Trade debtors
7,532 
9,334 
24,937 
25,569 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
117,884 
97,135 
Taxes and social security
17,677 
13,785 
Loans from directors
101,784 
186,135 
Accruals
1,835 
1,835 
239,180 
298,890 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
909,175 
956,674 
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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