Acorah Software Products - Accounts Production 16.8.310 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08572788 Mrs M A Stevenson Mr C Bowtell Multimedix Holdings Limited Unit 56 Hayhill Industrial Estate, 47 Hayhill, Barrow Upon Soar, Loughborough, LE12 8LD false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08572788 2024-03-31 08572788 2025-03-31 08572788 2024-04-01 2025-03-31 08572788 frs-core:CurrentFinancialInstruments 2025-03-31 08572788 frs-core:Non-currentFinancialInstruments 2025-03-31 08572788 frs-core:ComputerEquipment 2025-03-31 08572788 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08572788 frs-core:ComputerEquipment 2024-03-31 08572788 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 08572788 frs-core:FurnitureFittings 2025-03-31 08572788 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08572788 frs-core:FurnitureFittings 2024-03-31 08572788 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 08572788 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 08572788 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 08572788 frs-core:MotorVehicles 2025-03-31 08572788 frs-core:MotorVehicles 2024-04-01 2025-03-31 08572788 frs-core:MotorVehicles 2024-03-31 08572788 frs-core:OtherResidualIntangibleAssets 2025-03-31 08572788 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 08572788 frs-core:OtherResidualIntangibleAssets 2024-03-31 08572788 frs-core:PlantMachinery 2025-03-31 08572788 frs-core:PlantMachinery 2024-04-01 2025-03-31 08572788 frs-core:PlantMachinery 2024-03-31 08572788 frs-core:WithinOneYear 2025-03-31 08572788 frs-core:ShareCapital 2025-03-31 08572788 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08572788 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08572788 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08572788 frs-bus:SmallEntities 2024-04-01 2025-03-31 08572788 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08572788 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08572788 1 2024-04-01 2025-03-31 08572788 frs-core:CostValuation 2024-03-31 08572788 frs-core:CostValuation 2025-03-31 08572788 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 08572788 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2025-03-31 08572788 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 08572788 frs-bus:Director1 2024-04-01 2025-03-31 08572788 frs-bus:Director2 2024-04-01 2025-03-31 08572788 frs-countries:EnglandWales 2024-04-01 2025-03-31 08572788 2023-03-31 08572788 2024-03-31 08572788 2023-04-01 2024-03-31 08572788 frs-core:CurrentFinancialInstruments 2024-03-31 08572788 frs-core:Non-currentFinancialInstruments 2024-03-31 08572788 frs-core:WithinOneYear 2024-03-31 08572788 frs-core:ShareCapital 2024-03-31 08572788 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08572788
Modality Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Finerva
Modality Group Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Modality Group Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 08572788

| 2025 | 2024 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 5 |  | 24,000 |  | -
Tangible Assets | 6 |  | 155,272 |  | 68,551
Investments | 7 |  | - |  | 3,772
|  |  | 179,272 |  | 72,323
CURRENT ASSETS
Stocks | 8 | 1,017,044 |  | 1,169,305 |
Debtors | 9 | 475,531 |  | 1,161,740 |
Cash at bank and in hand |  | 390,018 |  | 196,264 |
|  | 1,882,593 |  | 2,527,309 |
Creditors: Amounts Falling Due Within One Year | 10 | (922,721 ) |  | (1,103,469 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 959,872 |  | 1,423,840
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,139,144 |  | 1,496,163
Creditors: Amounts Falling Due After More Than One Year | 11 |  | (1,667 ) |  | (188,621 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (23,529 ) |  | (11,970 )
NET ASSETS |  |  | 1,113,948 |  | 1,295,572
CAPITAL AND RESERVES
Called up share capital | 12 |  | 200 |  | 200
Profit and Loss Account |  |  | 1,113,748 |  | 1,295,372
SHAREHOLDERS' FUNDS |  |  | 1,113,948 |  | 1,295,572

Page 1
Page 2
Modality Group Limited
Balance Sheet (continued)
As At 31 March 2025
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 C Bowtell Director
11 March 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Modality Group Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Modality Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08572788 . The registered office is Fosse House, 20 Prince William Road, Loughborough, Leicestershire, LE11 5GU.
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. Going Concern Disclosure
The company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. 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.
Revenue from service contracts is recognised evenly over the term of the contract. Service contract received or receivable in advance is included in deferred income.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the rights granted by a Framework Agreement. These are amortised to profit and loss account over their estimated economic life of 5 years.
2.5. 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:

Leasehold | over the period of the lease
Plant & Machinery | 20% straight line
Motor Vehicles | 25% straight line
Fixtures & Fittings | 20% straight line
Computer Equipment | 20% straight line

2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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Modality Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. 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.
2.8. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.11. 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.
Page 4
Page 5
Modality Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 20 (2024: 13)
20 13
4. Prior Period Adjustment
There has been a prior period adjustment to reflect that website costs have been capitalised and treated as a fixed asset rather than expensed in the accounts.
The comparative figures for the year ended 31 March 2024 have restated and the effects of the adjustment are:
1 Advertising and marketing expense in the profit and loss account has increased by £39,609,
2 Plant and Machinery additions on the balance sheet have decreased by £39,609,
3 Plant and Machinery depreciation on the balance sheet has decreased by £7,922,
4 Plant and Machinery depreciation in the profit and loss account has decreased by £7,922.
5. Intangible Assets

| Other intangible
--- | ---
| £
Cost
As at 1 April 2024 | -
Additions | 30,000
As at 31 March 2025 | 30,000
Amortisation
As at 1 April 2024 | -
Provided during the period | 6,000
As at 31 March 2025 | 6,000
Net Book Value
As at 31 March 2025 | 24,000
As at 1 April 2024 | -

6. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 April 2024 | - | 268,138 | 23,999 | 53,623
Additions | 70,198 | 16,892 | 31,497 | 9,321
As at 31 March 2025 | 70,198 | 285,030 | 55,496 | 62,944
Depreciation
As at 1 April 2024 | - | 222,414 | 11,999 | 50,977
Provided during the period | 1,664 | 26,067 | 13,875 | 2,452
As at 31 March 2025 | 1,664 | 248,481 | 25,874 | 53,429
Net Book Value
As at 31 March 2025 | 68,534 | 36,549 | 29,622 | 9,515
As at 1 April 2024 | - | 45,724 | 12,000 | 2,646

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Page 6
Modality Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 April 2024 | 20,362 | 366,122
Additions | 8,425 | 136,333
As at 31 March 2025 | 28,787 | 502,455
Depreciation
As at 1 April 2024 | 12,181 | 297,571
Provided during the period | 5,554 | 49,612
As at 31 March 2025 | 17,735 | 347,183
Net Book Value
As at 31 March 2025 | 11,052 | 155,272
As at 1 April 2024 | 8,181 | 68,551

7. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | 3,772
As at 31 March 2025 | 3,772
Provision
As at 1 April 2024 | -
Impairment losses | 3,772
As at 31 March 2025 | 3,772
Net Book Value
As at 31 March 2025 | -
As at 1 April 2024 | 3,772

8. Stocks

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Stock | 1,017,044 |  | 1,169,305

9. Debtors

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 249,609 |  | 524,572
Amounts owed by group undertakings | 161,166 |  | 559,306
Other debtors | 64,756 |  | 77,862
| 475,531 |  | 1,161,740

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Modality Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
10. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Trade creditors | 193,848 |  | 961,248
Bank loans and overdrafts | 10,000 |  | 28,533
Amounts owed to group undertakings | 78,339 |  | -
Other creditors | 571,504 |  | 50,307
Taxation and social security | 69,030 |  | 63,381
| 922,721 |  | 1,103,469

11. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,667 |  | 11,667
Amounts owed to group undertakings | - |  | 176,954
| 1,667 |  | 188,621

12. Share Capital

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Not later than one year | 60,096 |  | -
| 60,096 |  | -

14. Pension Commitments
The company operates a defined contribution pension scheme for employees. 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 £1,831 (2024: £1,704) were due to the fund. They are included in other creditors.
15. Related Party Transactions
The company paid management charges of £100,000 to its parent company Multimedix Holdings Limited during the year.
16. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Multimedix Holdings Limited . Multimedix Holdings Limited was incorporated in England and Wales. Group accounts are not prepared.
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