Acorah Software Products - Accounts Production 19.3.600 false true true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 08572788 M A Stevenson 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 2025-03-31 08572788 2026-03-31 08572788 2025-04-01 2026-03-31 08572788 frs-core:CurrentFinancialInstruments 2026-03-31 08572788 frs-core:Non-currentFinancialInstruments 2026-03-31 08572788 frs-core:ComputerEquipment 2026-03-31 08572788 frs-core:ComputerEquipment 2025-04-01 2026-03-31 08572788 frs-core:ComputerEquipment 2025-03-31 08572788 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-04-01 2026-03-31 08572788 frs-core:FurnitureFittings 2026-03-31 08572788 frs-core:FurnitureFittings 2025-04-01 2026-03-31 08572788 frs-core:FurnitureFittings 2025-03-31 08572788 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2026-03-31 08572788 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 08572788 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 08572788 frs-core:MotorVehicles 2026-03-31 08572788 frs-core:MotorVehicles 2025-04-01 2026-03-31 08572788 frs-core:MotorVehicles 2025-03-31 08572788 frs-core:OtherResidualIntangibleAssets 2026-03-31 08572788 frs-core:OtherResidualIntangibleAssets 2025-04-01 2026-03-31 08572788 frs-core:OtherResidualIntangibleAssets 2025-03-31 08572788 frs-core:PlantMachinery 2026-03-31 08572788 frs-core:PlantMachinery 2025-04-01 2026-03-31 08572788 frs-core:PlantMachinery 2025-03-31 08572788 frs-core:WithinOneYear 2026-03-31 08572788 frs-core:ShareCapital 2026-03-31 08572788 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 08572788 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 08572788 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 08572788 frs-bus:SmallEntities 2025-04-01 2026-03-31 08572788 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 08572788 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 08572788 1 2025-04-01 2026-03-31 08572788 frs-core:CostValuation 2025-03-31 08572788 frs-core:CostValuation 2026-03-31 08572788 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 08572788 frs-core:ProvisionsForImpairmentInvestments 2026-03-31 08572788 frs-bus:Director1 2025-04-01 2026-03-31 08572788 frs-bus:Director2 2025-04-01 2026-03-31 08572788 frs-countries:EnglandWales 2025-04-01 2026-03-31 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:WithinOneYear 2025-03-31 08572788 frs-core:ShareCapital 2025-03-31 08572788 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 08572788
Modality Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08572788
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,000 24,000
Tangible Assets 5 335,260 155,272
353,260 179,272
CURRENT ASSETS
Stocks 7 1,057,995 1,017,044
Debtors 8 667,398 475,531
Cash at bank and in hand 884,330 390,018
2,609,723 1,882,593
Creditors: Amounts Falling Due Within One Year 9 (1,221,085 ) (922,721 )
NET CURRENT ASSETS (LIABILITIES) 1,388,638 959,872
TOTAL ASSETS LESS CURRENT LIABILITIES 1,741,898 1,139,144
Creditors: Amounts Falling Due After More Than One Year 10 - (1,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (46,703 ) (23,529 )
NET ASSETS 1,695,195 1,113,948
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account 1,694,995 1,113,748
SHAREHOLDERS' FUNDS 1,695,195 1,113,948
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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 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
C Bowtell
Director
12 October 2026
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
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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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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 20 (2025: 20)
20 20
4. Intangible Assets
Other intangible
£
Cost
As at 1 April 2025 30,000
As at 31 March 2026 30,000
Amortisation
As at 1 April 2025 6,000
Provided during the period 6,000
As at 31 March 2026 12,000
Net Book Value
As at 31 March 2026 18,000
As at 1 April 2025 24,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2025 70,198 285,030 55,496 62,944
Additions - 178,346 65,995 17,896
Disposals - - (20,000 ) -
As at 31 March 2026 70,198 463,376 101,491 80,840
Depreciation
As at 1 April 2025 1,664 248,481 25,874 53,429
Provided during the period 14,404 26,921 14,832 4,157
As at 31 March 2026 16,068 275,402 40,706 57,586
Net Book Value
As at 31 March 2026 54,130 187,974 60,785 23,254
As at 1 April 2025 68,534 36,549 29,622 9,515
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Computer Equipment Total
£ £
Cost
As at 1 April 2025 28,787 502,455
Additions 1,789 264,026
Disposals - (20,000 )
As at 31 March 2026 30,576 746,481
Depreciation
As at 1 April 2025 17,735 347,183
Provided during the period 3,724 64,038
As at 31 March 2026 21,459 411,221
Net Book Value
As at 31 March 2026 9,117 335,260
As at 1 April 2025 11,052 155,272
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2025 3,772
As at 31 March 2026 3,772
Provision
As at 1 April 2025 3,772
As at 31 March 2026 3,772
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
7. Stocks
2026 2025
£ £
Stock 1,057,995 1,017,044
8. Debtors
2026 2025
£ £
Due within one year
Trade debtors 609,234 249,609
Amounts owed by group undertakings - 161,166
Other debtors 58,164 64,756
667,398 475,531
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9. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 476,353 193,848
Bank loans and overdrafts 1,667 10,000
Amounts owed to group undertakings - 78,339
Other creditors 557,337 571,504
Taxation and social security 185,728 69,030
1,221,085 922,721
10. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 1,667
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 200 200
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2026 2025
£ £
Not later than one year 60,650 60,096
60,650 60,096
13. 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 £3,143 (2025: £1,831) were due to the fund.  They are included in other creditors.
14. Related Party Transactions
The company paid management charges of £90,000 (2025: £50,000) to its parent company Multimedix Holdings Limited during the year.
15. 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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