Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10324479 Mr Nicholas Carter Mr Leigh Melville Mr Graeme Oldfield Mr Andrew Young Mr David Young Mr Nicholas Carter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10324479 2024-03-31 10324479 2025-03-31 10324479 2024-04-01 2025-03-31 10324479 frs-core:CurrentFinancialInstruments 2025-03-31 10324479 frs-core:ComputerEquipment 2025-03-31 10324479 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10324479 frs-core:ComputerEquipment 2024-03-31 10324479 frs-core:FurnitureFittings 2025-03-31 10324479 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10324479 frs-core:FurnitureFittings 2024-03-31 10324479 frs-core:PlantMachinery 2025-03-31 10324479 frs-core:PlantMachinery 2024-04-01 2025-03-31 10324479 frs-core:PlantMachinery 2024-03-31 10324479 frs-core:ShareCapital 2025-03-31 10324479 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10324479 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10324479 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10324479 frs-bus:SmallEntities 2024-04-01 2025-03-31 10324479 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10324479 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10324479 frs-bus:Director1 2024-04-01 2025-03-31 10324479 frs-bus:Director2 2024-04-01 2025-03-31 10324479 frs-bus:Director3 2024-04-01 2025-03-31 10324479 frs-bus:Director4 2024-04-01 2025-03-31 10324479 frs-bus:Director5 2024-04-01 2025-03-31 10324479 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 10324479 frs-countries:EnglandWales 2024-04-01 2025-03-31 10324479 2023-03-31 10324479 2024-03-31 10324479 2023-04-01 2024-03-31 10324479 frs-core:CurrentFinancialInstruments 2024-03-31 10324479 frs-core:Non-currentFinancialInstruments 2024-03-31 10324479 frs-core:ShareCapital 2024-03-31 10324479 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10324479
Medular Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10324479
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,680 18,259
2,680 18,259
CURRENT ASSETS
Stocks 5 66,402 450,201
Debtors 6 441,367 515,443
Cash at bank and in hand 1,300,692 669,245
1,808,461 1,634,889
Creditors: Amounts Falling Due Within One Year 7 (1,160,759 ) (1,038,518 )
NET CURRENT ASSETS (LIABILITIES) 647,702 596,371
TOTAL ASSETS LESS CURRENT LIABILITIES 650,382 614,630
PROVISIONS FOR LIABILITIES
Deferred Taxation (670 ) (4,565 )
NET ASSETS 649,712 610,065
CAPITAL AND RESERVES
Called up share capital 8 198 198
Profit and Loss Account 649,514 609,867
SHAREHOLDERS' FUNDS 649,712 610,065
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Page 2
For the year ending 31 March 2025 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.
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 Leigh Melville
Director
Mr Graeme Oldfield
Director
Mr Andrew Young
Director
23/10/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Medular Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10324479 . The registered office is Unit 6 Stoneferry Park, Foster Street, Hull, East Yorkshire, HU8 8BT.
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. 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:
Plant & Machinery 33% SLM
Fixtures & Fittings 33% SLM
Computer Equipment 33% SLM
2.4. 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.
2.5. 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.
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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 10)
11 10
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 40,536 18,286 7,863 66,685
Additions 1,480 - - 1,480
As at 31 March 2025 42,016 18,286 7,863 68,165
Depreciation
As at 1 April 2024 30,209 13,843 4,374 48,426
Provided during the period 10,378 4,429 2,252 17,059
As at 31 March 2025 40,587 18,272 6,626 65,485
Net Book Value
As at 31 March 2025 1,429 14 1,237 2,680
As at 1 April 2024 10,327 4,443 3,489 18,259
5. Stocks
2025 2024
£ £
Work in progress 66,402 450,201
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 365,945 397,450
Prepayments and accrued income 37,724 39,698
Other debtors 37,698 78,097
441,367 515,245
Due after more than one year
Amounts owed by associates - 198
441,367 515,443
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 365,988 628,811
Corporation tax 13,405 38,289
Other taxes and social security 23,263 15,038
VAT 132,611 -
Net wages - 4,095
Other creditors 76,157 19,653
Accruals and deferred income 549,335 332,632
1,160,759 1,038,518
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 198 198
9. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £0 were due to the fund (2024 - £193) were due to the fund. They are included in Other Creditors.
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