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Company Registration No. 12254218 (England and Wales)
MedRaf Limited Unaudited accounts for the year ended 31 October 2024
MedRaf Limited Unaudited accounts Contents
Page
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MedRaf Limited Company Information for the year ended 31 October 2024
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 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
635,800 
664,700 
Tangible assets
611,709 
581,405 
1,247,509 
1,246,105 
Current assets
Inventories
18,443 
16,600 
Debtors
31,322 
24,937 
Cash at bank and in hand
50,632 
2,727 
100,397 
44,264 
Creditors: amounts falling due within one year
(284,245)
(239,180)
Net current liabilities
(183,848)
(194,916)
Total assets less current liabilities
1,063,661 
1,051,189 
Creditors: amounts falling due after more than one year
(854,109)
(909,175)
Net assets
209,552 
142,014 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
209,550 
142,012 
Shareholders' funds
209,552 
142,014 
For the year ending 31 October 2024 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 10 February 2025 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 2024
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 2023
722,500 
At 31 October 2024
722,500 
Amortisation
At 1 November 2023
57,800 
Charge for the year
28,900 
At 31 October 2024
86,700 
Net book value
At 31 October 2024
635,800 
At 31 October 2023
664,700 
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MedRaf Limited Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
504,000 
12,680 
104,893 
621,573 
Additions
- 
- 
56,793 
56,793 
At 31 October 2024
504,000 
12,680 
161,686 
678,366 
Depreciation
At 1 November 2023
- 
5,672 
34,496 
40,168 
Charge for the year
- 
1,051 
25,438 
26,489 
At 31 October 2024
- 
6,723 
59,934 
66,657 
Net book value
At 31 October 2024
504,000 
5,957 
101,752 
611,709 
At 31 October 2023
504,000 
7,008 
70,397 
581,405 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
22,856 
17,405 
Trade debtors
8,466 
7,532 
31,322 
24,937 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
115,996 
117,884 
Taxes and social security
26,101 
17,677 
Loans from directors
140,313 
101,784 
Accruals
1,835 
1,835 
284,245 
239,180 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
854,109 
909,175 
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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