Acorah Software Products - Accounts Production 19.4.351 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 NI071589 Mr Kevin McKinney Mrs Aidin McKinney Mrs Aidin McKinney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI071589 2025-01-31 NI071589 2026-01-31 NI071589 2025-02-01 2026-01-31 NI071589 frs-core:CurrentFinancialInstruments 2026-01-31 NI071589 frs-core:Non-currentFinancialInstruments 2026-01-31 NI071589 frs-core:BetweenOneFiveYears 2026-01-31 NI071589 frs-core:FurnitureFittings 2026-01-31 NI071589 frs-core:FurnitureFittings 2025-02-01 2026-01-31 NI071589 frs-core:FurnitureFittings 2025-01-31 NI071589 frs-core:NetGoodwill 2026-01-31 NI071589 frs-core:NetGoodwill 2025-02-01 2026-01-31 NI071589 frs-core:NetGoodwill 2025-01-31 NI071589 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-01-31 NI071589 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 NI071589 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 NI071589 frs-core:PlantMachinery 2026-01-31 NI071589 frs-core:PlantMachinery 2025-02-01 2026-01-31 NI071589 frs-core:PlantMachinery 2025-01-31 NI071589 frs-core:WithinOneYear 2026-01-31 NI071589 frs-core:ShareCapital 2026-01-31 NI071589 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 NI071589 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 NI071589 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 NI071589 frs-bus:SmallEntities 2025-02-01 2026-01-31 NI071589 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 NI071589 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 NI071589 frs-bus:Director1 2025-02-01 2026-01-31 NI071589 frs-bus:Director2 2025-02-01 2026-01-31 NI071589 frs-bus:CompanySecretary1 2025-02-01 2026-01-31 NI071589 frs-countries:NorthernIreland 2025-02-01 2026-01-31 NI071589 2024-01-31 NI071589 2025-01-31 NI071589 2024-02-01 2025-01-31 NI071589 frs-core:CurrentFinancialInstruments 2025-01-31 NI071589 frs-core:Non-currentFinancialInstruments 2025-01-31 NI071589 frs-core:BetweenOneFiveYears 2025-01-31 NI071589 frs-core:WithinOneYear 2025-01-31 NI071589 frs-core:ShareCapital 2025-01-31 NI071589 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: NI071589
Malone Healthcare Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI071589
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,074,417 2,054,197
2,074,417 2,054,197
CURRENT ASSETS
Stocks 6 2,200 2,200
Debtors 7 1,416,964 1,434,427
Cash at bank and in hand 28,448 728
1,447,612 1,437,355
Creditors: Amounts Falling Due Within One Year 8 (626,153 ) (650,099 )
NET CURRENT ASSETS (LIABILITIES) 821,459 787,256
TOTAL ASSETS LESS CURRENT LIABILITIES 2,895,876 2,841,453
Creditors: Amounts Falling Due After More Than One Year 9 (425,844 ) (525,924 )
NET ASSETS 2,470,032 2,315,529
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 2,470,030 2,315,527
SHAREHOLDERS' FUNDS 2,470,032 2,315,529
Page 1
Page 2
For the year ending 31 January 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
Mr Kevin McKinney
Director
27th August 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Malone Healthcare Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI071589 . The registered office is 23 Upper Lisburn Road, Finaghy, Belfast, BT10 0GW.
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
The Company measured fixtures and fittings and plant and machinery 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:
The Company measures land and buildings ar revalued amounts, being the fair value at the date of revaluation less any subsequent accumlated impairment losses. Revaluations are preformed at sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.
Increases in the carrying amount as a result of revaluation are recognised in Other Comprehensive Income and accumulated in equity under the revaluation surplus, unless they reverse a revaluation decrease for the same asset previously recognised in profit or loss. In such a case, the increase is recognised in profit or loss to the extent of the previous decrease.
Decreases in carrying amount as a result of a revaluation are recognised in profit or loss, unless they offset a previous revaluation surplus relating to the same asset, in which case the decrease is recognised in Other Comprehensive Income and reduces the revaluation surplus in equity.
Freehold 0%
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Page 3
Page 4
2.5. 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 the profit and loss account as incurred.
2.6. 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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2025: 23)
23 23
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2025 440,000
As at 31 January 2026 440,000
Amortisation
As at 1 February 2025 440,000
As at 31 January 2026 440,000
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 January 2026 -
As at 1 February 2025 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 February 2025 2,000,000 65,000 210,417 2,275,417
Additions - - 41,394 41,394
As at 31 January 2026 2,000,000 65,000 251,811 2,316,811
Depreciation
As at 1 February 2025 - 31,720 189,500 221,220
Provided during the period - 13,000 8,174 21,174
As at 31 January 2026 - 44,720 197,674 242,394
Net Book Value
As at 31 January 2026 2,000,000 20,280 54,137 2,074,417
As at 1 February 2025 2,000,000 33,280 20,917 2,054,197
6. Stocks
2026 2025
£ £
Stock 2,200 2,200
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 17,970 44,387
Amounts owed by group undertakings 1,374,829 1,363,882
Other debtors 24,165 26,158
1,416,964 1,434,427
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Page 6
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 9,646 9,649
Trade creditors 13,997 17,677
Bank loans and overdrafts 138,119 140,691
Amounts owed to group undertakings 179,994 118,287
Other creditors 140,095 169,466
Taxation and social security 144,302 194,329
626,153 650,099
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 1,013 10,711
Bank loans 406,227 501,664
Other creditors 18,604 13,549
425,844 525,924
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,646 9,649
Later than one year and not later than five years 1,013 10,711
10,659 20,360
10,659 20,360
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
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