Company Registration No. 08700547 (England and Wales)
Studio Parallel Limited
Unaudited accounts
for the year ended 30 September 2025
Studio Parallel Limited
Unaudited accounts
Contents
Studio Parallel Limited
Company Information
for the year ended 30 September 2025
Directors
Paul Ellerker
Paul Fox
Company Number
08700547 (England and Wales)
Registered Office
Unit 405
203-213 Mare Street
London
London
E8 3LY
England
Studio Parallel Limited
Statement of financial position
as at 30 September 2025
Cash at bank and in hand
698,897
517,623
Creditors: amounts falling due within one year
(173,143)
(116,582)
Net current assets
666,642
570,703
Net assets
666,642
570,703
Called up share capital
2
2
Profit and loss account
666,640
570,701
Shareholders' funds
666,642
570,703
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 March 2026 and were signed on its behalf by
Paul Ellerker
Director
Company Registration No. 08700547
Studio Parallel Limited
Notes to the Accounts
for the year ended 30 September 2025
Studio Parallel Limited is a private company, limited by shares, registered in England and Wales, registration number 08700547. The registered office is Unit 405, 203-213 Mare Street, London, London, E8 3LY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Amounts falling due within one year
Trade debtors
140,888
169,662
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,696
2,533
Taxes and social security
101,091
63,858
Other creditors
70,356
50,191
6
Average number of employees
During the year the average number of employees was 3 (2024: 5).