Corbett Accountants Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08904409

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		35,280		37,800
Tangible Assets	5		47,751		45,588

			83,031		83,388
CURRENT ASSETS
Stocks	6	300		450
Debtors	7	18,085		19,982

		18,385		20,432
Creditors: Amounts Falling Due Within One Year	8	(53,620 )		(59,652 )

NET CURRENT ASSETS (LIABILITIES)			(35,235 )		(39,220 )

TOTAL ASSETS LESS CURRENT LIABILITIES			47,796		44,168

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,632 )		(9,999 )

NET ASSETS			37,164		34,169

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			37,064		34,069

SHAREHOLDERS' FUNDS			37,164		34,169

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Corbett Accountants Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Martyn James Corbett

Director

22/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Corbett Accountants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08904409 . The registered office is Bakersfield, 82 Station Road, Soham, Cambridgeshire, CB7 5DZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Corbett Accountants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	63,000

As at 31 March 2026	63,000

Amortisation
As at 1 April 2025	25,200
Provided during the period	2,520

As at 31 March 2026	27,720

Net Book Value
As at 31 March 2026	35,280

As at 1 April 2025	37,800

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2025	78,798
Additions	15,256
Disposals	(8,334 )

As at 31 March 2026	85,720

Depreciation
As at 1 April 2025	33,210
Provided during the period	8,430
Disposals	(3,671 )

As at 31 March 2026	37,969

Net Book Value
As at 31 March 2026	47,751

As at 1 April 2025	45,588

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Corbett Accountants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	2026	2025
	£	£
Stock	300	450

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	17,768	19,405
Other debtors	317	577

	18,085	19,982

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	19,609	19,818
Corporation tax	21,522	27,720
Other taxes and social security	3,313	4,062
Other creditors	8,403	6,947
Director's loan account	773	1,105

	53,620	59,652

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
90 Ordinary A shares of £ 1.00 each	90	90
10 Ordinary B shares of £ 1.00 each	10	10

	100	100

10. Related Party Transactions

Included in creditors is a director's loan of £773 (2025 - £1,105). The loan is interest free and there are no repayment terms.

During the year the company made payments in respect of rent of office space of £3,600 (2025 - £3,600) to Mr M.J. Corbett, the director of the company.

Dividends of £45,000 (2025 - £45,000) were paid in the year in respect of shares held by the company's director.

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