Company Registration No. 12254218 (England and Wales)
MedRaf Limited
Unaudited accounts
for the year ended 31 October 2023
MedRaf Limited
Unaudited accounts
Contents
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
MedRaf Limited
Statement of financial position
as at 31 October 2023
Intangible assets
664,700
693,600
Tangible assets
581,405
537,841
Cash at bank and in hand
2,727
45,799
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)
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
MedRaf Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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
At 1 November 2022
722,500
At 31 October 2023
722,500
Charge for the year
28,900
At 31 October 2023
664,700
At 31 October 2022
693,600
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
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
At 31 October 2023
504,000
7,008
70,397
581,405
At 31 October 2022
504,000
8,245
25,596
537,841
Amounts falling due within one year
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
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).