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REGISTERED NUMBER: 11153604 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CORBETT MEDICAL LIMITED

CORBETT MEDICAL LIMITED (REGISTERED NUMBER: 11153604)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CORBETT MEDICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: G D Corbett
Mrs G L Corbett





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 11153604 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

CORBETT MEDICAL LIMITED (REGISTERED NUMBER: 11153604)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,964 23,951

CURRENT ASSETS
Debtors 5 10,228 13,296
Cash at bank 150,126 107,183
160,354 120,479
CREDITORS
Amounts falling due within one year 6 34,638 28,069
NET CURRENT ASSETS 125,716 92,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,680

116,361

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159,580 116,261
SHAREHOLDERS' FUNDS 159,680 116,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





G D Corbett - Director


CORBETT MEDICAL LIMITED (REGISTERED NUMBER: 11153604)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Corbett Medical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CORBETT MEDICAL LIMITED (REGISTERED NUMBER: 11153604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022 23,771 19,344 43,115
Additions 19,686 5,812 25,498
At 31 January 2023 43,457 25,156 68,613
DEPRECIATION
At 1 February 2022 6,868 12,296 19,164
Charge for year 10,866 4,619 15,485
At 31 January 2023 17,734 16,915 34,649
NET BOOK VALUE
At 31 January 2023 25,723 8,241 33,964
At 31 January 2022 16,903 7,048 23,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,228 12,296
Prepayments - 1,000
10,228 13,296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 31,410 23,821
Social security and other taxes 2,016 1,278
Directors' current accounts - 1,870
Accruals and deferred income 1,212 1,100
34,638 28,069

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £105,614 (2022 - £120,000) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr G D Corbett and Mrs G L Corbett by virtue of their 100% joint ownership of the issued ordinary share capital.