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FREELANCE SURGICAL LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FREELANCE SURGICAL LIMITED (REGISTERED NUMBER: 04039065)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

FREELANCE SURGICAL LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | S R Fletcher

| D O Ammann

| REGISTERED OFFICE: | Unit 7 Havyatt Business Park

| Havyatt Road

| Wrington

| Somerset

| BS40 5PA

| REGISTERED NUMBER: | 04039065 (England and Wales)

| AUDITORS: | Nyman Libson Paul LLP

| Chartered Accountants

| 124 Finchley Road

| London

| NW3 5JS

FREELANCE SURGICAL LIMITED (REGISTERED NUMBER: 04039065)

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 260,505 |  | 273,542 |  |

260,505 |  | 273,542 |  |

CURRENT ASSETS

Stocks | 6 | 1,635,142 |  | 1,694,748 |  |

Debtors | 7 | 788,891 |  | 753,513 |  |

Cash at bank | 5,369,264 |  | 4,190,640 |  |

7,793,297 |  | 6,638,901 |  |

CREDITORS

Amounts falling due within one year | 8 | 885,813 |  | 1,153,135 |  |

NET CURRENT ASSETS | 6,907,484 |  | 5,485,766 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,167,989 |  | 5,759,308 |  |

PROVISIONS FOR LIABILITIES | 10 | 63,022 |  | 66,543 |  |

NET ASSETS | 7,104,967 |  | 5,692,765 |  |

CAPITAL AND RESERVES

Called up share capital | 64 |  | 64 |  |

Capital redemption reserve | 36 |  | 36 |  |

Retained earnings | 7,104,867 |  | 5,692,665 |  |

SHAREHOLDERS' FUNDS | 7,104,967 |  | 5,692,765 |  |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

S R Fletcher - Director

D O Ammann - Director

FREELANCE SURGICAL LIMITED (REGISTERED NUMBER: 04039065)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Freelance Surgical 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

| Revenue represents amounts chargeable to clients for goods or professional services provided during the year, net of any sales tax. Where invoices are issued in advance for services, revenue is recognised once that service has been provided. Services to clients, which at the balance sheet date have not been billed, have been recognised as revenue.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Leasehold improvements - written off over 15 years on cost

| Equipment & fixtures - 25% on reducing balance and 15% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| At each reporting date stock is assessed for impairment. If stock is impaired the carrying amount is reduced to selling price less costs to sell. The impairment loss is recognised immediately in profit and loss.

| Financial instruments

| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the company's cash management.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred 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 statement of financial position date.

FREELANCE SURGICAL LIMITED (REGISTERED NUMBER: 04039065)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The accounts have been prepared on the going concern basis. The business is currently profitable, there are no issues relating to cash flow, and it is anticipated that this will continue to be the case for the foreseeable future.

| Functional and presentational currency

| The company's functional and presentational currency is GBP.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 17 ) .

4. | INTANGIBLE FIXED ASSETS

| Website

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 30,095 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 30,095 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

FREELANCE SURGICAL LIMITED (REGISTERED NUMBER: 04039065)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | TANGIBLE FIXED ASSETS

| Leasehold |  | Equipment |

| improvements |  | & fixtures |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 96,983 |  | 492,237 |  | 589,220 |  |

| Additions | 28,079 |  | 9,235 |  | 37,314 |  |

| Disposals | - |  | (87,971 | ) | (87,971 | ) |

| At 31 December 2025 | 125,062 |  | 413,501 |  | 538,563 |  |

| DEPRECIATION

| At 1 January 2025 | 85,361 |  | 230,317 |  | 315,678 |  |

| Charge for year | 3,660 |  | 41,229 |  | 44,889 |  |

| Eliminated on disposal | - |  | (82,509 | ) | (82,509 | ) |

| At 31 December 2025 | 89,021 |  | 189,037 |  | 278,058 |  |

| NET BOOK VALUE

| At 31 December 2025 | 36,041 |  | 224,464 |  | 260,505 |  |

| At 31 December 2024 | 11,622 |  | 261,920 |  | 273,542 |  |

6. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 1,635,142 |  | 1,694,748 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 743,782 |  | 700,796 |  |

| Prepayments | 45,109 |  | 52,717 |  |

788,891 |  | 753,513 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 310,833 |  | 486,960 |  |

| Tax | 213,826 |  | 230,028 |  |

| Social security and other taxes | 20,580 |  | 19,330 |  |

| VAT | 259,427 |  | 270,344 |  |

| Accruals | 81,147 |  | 146,473 |  |

885,813 |  | 1,153,135 |  |

FREELANCE SURGICAL LIMITED (REGISTERED NUMBER: 04039065)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 82,195 |  | 71,295 |  |

| Between one and five years | 32,464 |  | 76,277 |  |

| In more than five years | 4,928 |  | - |  |

119,587 |  | 147,572 |  |

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 63,022 |  | 66,543 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 66,543 |  |

| Credit to Income Statement during year | (3,521 | ) |

| Balance at 31 December 2025 | 63,022 |  |

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Hetal Mistry (Senior Statutory Auditor)

| for and on behalf of Nyman Libson Paul LLP

12. | RELATED PARTY DISCLOSURES

| The company is exempt from disclosing other related party transactions as they are with companies that are wholly owed within the group.

13. | ULTIMATE CONTROLLING PARTY

| The company is under the ultimate control of its parent company, Vimian Group AB.

14. | DIRECTORS' EMOLUMENTS

|  | Year ended 31.12.25 |  | Year ended 31.12.24 |  |

|  | £ |  | £ |  |

| Directors' remuneration |  | 113,000 |  | 90,000 |  |

| Directors' pension contributions to money purchase schemes |  | 8,290 |  | 3,606 |  |