REGISTERED NUMBER: 11153604 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

CORBETT MEDICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

Accountants and Business Advisers

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Tangible assets

4

235,040

290,332

CURRENT ASSETS

Debtors

5

448,079

26,430

Investments

6

30,000

-

Cash at bank

48,388

50,272

526,467

76,702

CREDITORS

Amounts falling due within one year

7

226,581

126,138

NET CURRENT ASSETS/(LIABILITIES)

299,886

(49,436

)

TOTAL ASSETS LESS CURRENT LIABILITIES

534,926

240,896

CREDITORS

Amounts falling due after more than one year

8

(331,803

)

(107,812

)

PROVISIONS FOR LIABILITIES

(45,584

)

(59,889

)

NET ASSETS

157,539

73,195

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

157,439

73,095

SHAREHOLDERS' FUNDS

157,539

73,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 28 October 2026 and were signed on its behalf by:

G D Corbett - Director

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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Improvements to property

-

20% on cost

Other equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Investments have not been depreciated due to the nature of the assets.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 3 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Other

Investments

property

equipment

£

£

£

COST

At 1 February 2025

35,115

32,286

1,968

Additions

2,375

12,104

-

At 31 January 2026

37,490

44,390

1,968

DEPRECIATION

At 1 February 2025

-

6,929

574

Charge for year

-

8,144

492

At 31 January 2026

-

15,073

1,066

NET BOOK VALUE

At 31 January 2026

37,490

29,317

902

At 31 January 2025

35,115

25,357

1,394

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

43,457

267,361

32,431

412,618

Additions

-

-

984

15,463

At 31 January 2026

43,457

267,361

33,415

428,081

DEPRECIATION

At 1 February 2025

38,539

51,806

24,438

122,286

Charge for year

4,918

53,889

3,312

70,755

At 31 January 2026

43,457

105,695

27,750

193,041

NET BOOK VALUE

At 31 January 2026

-

161,666

5,665

235,040

At 31 January 2025

4,918

215,555

7,993

290,332

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

7,000

26,100

Other debtors

1,649

330

Directors' current accounts

160,000

-

168,649

26,430

2026

2025

£

£

Amounts falling due after more than one year:

Other debtors

279,430

-

Aggregate amounts

448,079

26,430

6.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Unlisted investments

30,000

-

This is equity in a new private clinic set to open in April 2027.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

91,254

-

Hire purchase contracts

17,134

65,165

Tax

114,159

58,979

Social security and other taxes

998

619

Credit card

1,586

-

Accruals and deferred income

1,450

1,375

226,581

126,138

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

44,755

-

Bank loans - 2-5 years

134,263

-

Bank loans more than 5 yrs by instalments

62,107

-

Hire purchase contracts

90,678

107,812

331,803

107,812

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 yrs by instalments

62,107

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director's loan account was overdrawn by £160,000 at 31st January 2026, it has been repaid in full within 9 months of this date.

10.	ULTIMATE CONTROLLING PARTY