Acorah Software Products - Accounts Production 19.3.550 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 07430032 Mr Lawrence Dudley-Bahrani Mr Andrew Fitch Mr Dario Grandich Mr James Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07430032 2024-11-30 07430032 2025-11-30 07430032 2024-12-01 2025-11-30 07430032 frs-core:CurrentFinancialInstruments 2025-11-30 07430032 frs-core:ComputerEquipment 2025-11-30 07430032 frs-core:ComputerEquipment 2024-12-01 2025-11-30 07430032 frs-core:ComputerEquipment 2024-11-30 07430032 frs-core:FurnitureFittings 2025-11-30 07430032 frs-core:FurnitureFittings 2024-12-01 2025-11-30 07430032 frs-core:FurnitureFittings 2024-11-30 07430032 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-11-30 07430032 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-01 2025-11-30 07430032 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 07430032 frs-core:PlantMachinery 2025-11-30 07430032 frs-core:PlantMachinery 2024-12-01 2025-11-30 07430032 frs-core:PlantMachinery 2024-11-30 07430032 frs-core:CapitalRedemptionReserve 2025-11-30 07430032 frs-core:ShareCapital 2025-11-30 07430032 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 07430032 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 07430032 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 07430032 frs-bus:SmallEntities 2024-12-01 2025-11-30 07430032 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 07430032 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 07430032 frs-core:CostValuation 2024-11-30 07430032 frs-core:CostValuation 2025-11-30 07430032 frs-core:ProvisionsForImpairmentInvestments 2024-11-30 07430032 frs-core:ProvisionsForImpairmentInvestments 2025-11-30 07430032 frs-bus:Director1 2024-12-01 2025-11-30 07430032 frs-bus:Director2 2024-12-01 2025-11-30 07430032 frs-bus:Director3 2024-12-01 2025-11-30 07430032 frs-bus:Director4 2024-12-01 2025-11-30 07430032 frs-countries:EnglandWales 2024-12-01 2025-11-30 07430032 2023-11-30 07430032 2024-11-30 07430032 2023-12-01 2024-11-30 07430032 frs-core:CurrentFinancialInstruments 2024-11-30 07430032 frs-core:CapitalRedemptionReserve 2024-11-30 07430032 frs-core:ShareCapital 2024-11-30 07430032 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30
Registered number: 07430032
Parallax Agency Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
FB Accounting Ltd t/a Futureproof Accounting
57b Commercial Street
Leeds
LS26 0QD
Parallax Agency Ltd
Contents
Contents

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

Page 1
Parallax Agency Ltd
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 07430032

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 52,815 |  | 92,112
Investments | 5 |  | 50,000 |  | 50,000
|  |  | 102,815 |  | 142,112
CURRENT ASSETS
Debtors | 6 | 1,136,735 |  | 1,117,147 |
Cash at bank and in hand |  | 820,008 |  | 849,452 |
|  | 1,956,743 |  | 1,966,599 |
Creditors: Amounts Falling Due Within One Year | 7 | (656,026 ) |  | (774,532 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,300,717 |  | 1,192,067
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,403,532 |  | 1,334,179
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (9,923 ) |  | (20,083 )
NET ASSETS |  |  | 1,393,609 |  | 1,314,096
CAPITAL AND RESERVES
Called up share capital | 8 |  | 18 |  | 18
Capital redemption reserve |  |  | 1 |  | 1
Profit and Loss Account |  |  | 1,393,590 |  | 1,314,077
SHAREHOLDERS' FUNDS |  |  | 1,393,609 |  | 1,314,096

Page 1
Page 2
Parallax Agency Ltd
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 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 Lawrence Dudley-Bahrani Director
30/06/2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Parallax Agency Ltd
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
Parallax Agency Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07430032 . The registered office is The Elbow Rooms, 64 Call Lane, Leeds, LS1 6DT.
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.
The disclosure requirements of Financial Reporting Standard 102 section 1A have been applied other than where additional disclosure is required to show a true and fair view.
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 rendering of services and is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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:

Leasehold improvements | 5 years straight line
Plant & Machinery | 5 years straight line
Fixtures, Fittings & Equipment | 3 years straight line
Computer Equipment | 3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2.5. Financial Instruments
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
...CONTINUED
Page 3
Page 4
Parallax Agency Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.5. Financial Instruments - continued
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss
is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are
not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
2.6. 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.
2.7. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
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.
Current 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
...CONTINUED
Page 4
Page 5
Parallax Agency Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.7. Taxation - continued
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.
2.8. 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.
2.9. Fixed Asset Investments
Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
2.10. Impairment of Fixed Assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.11. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefit payments made to a defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.13. ‎ ‎‎ Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2024: 46)
31 46
Page 5
Page 6
Parallax Agency Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold improvements | Plant & Machinery | Fixtures, Fittings & Equipment | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 December 2024 | 93,460 | 7,499 | 78,832 | 375,546 | 555,337
Additions | - | - | 2,269 | 2,197 | 4,466
Disposals | - | - | - | (3,633 ) | (3,633 )
As at 30 November 2025 | 93,460 | 7,499 | 81,101 | 374,110 | 556,170
Depreciation
As at 1 December 2024 | 74,110 | 1,250 | 65,145 | 322,720 | 463,225
Provided during the period | 847 | 1,500 | 7,044 | 33,456 | 42,847
Disposals | - | - | - | (2,717 ) | (2,717 )
As at 30 November 2025 | 74,957 | 2,750 | 72,189 | 353,459 | 503,355
Net Book Value
As at 30 November 2025 | 18,503 | 4,749 | 8,912 | 20,651 | 52,815
As at 1 December 2024 | 19,350 | 6,249 | 13,687 | 52,826 | 92,112

5. Investments

| Associates
--- | ---
| £
Cost or Valuation
As at 1 December 2024 | 150,001
As at 30 November 2025 | 150,001
Provision
As at 1 December 2024 | 100,001
As at 30 November 2025 | 100,001
Net Book Value
As at 30 November 2025 | 50,000
As at 1 December 2024 | 50,000

Investments in associates relates to the company's direct holding of 50% of the Ordinary shares of Bay Sentry Limited, a private company limited by shares incorporated in England and Wales.
Page 6
Page 7
Parallax Agency Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,113,940 |  | 1,056,249
Other debtors | 22,795 |  | 60,898
| 1,136,735 |  | 1,117,147

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 82,374 |  | 33,011
Other creditors | 330,280 |  | 425,920
Taxation and social security | 243,372 |  | 315,601
| 656,026 |  | 774,532

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 18 |  | 18

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

| 2025 |  | 2024
| £ |  | £
| 342,215 |  | 111,925
| 342,215 |  | 111,925

Page 7