Registered number
12822481
Kabyn Ltd
Unaudited Filleted Accounts
31 August 2024
Kabyn Ltd
Registered number: 12822481
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 450 -
Current assets
Debtors 4 1,777 7,274
Cash at bank and in hand 1,619 430
3,396 7,704
Creditors: amounts falling due within one year 5 (128,327) (44,288)
Net current liabilities (124,931) (36,584)
Net liabilities (124,481) (36,584)
Capital and reserves
Called up share capital 2 2
Profit and loss account (124,483) (36,586)
Shareholders' funds (124,481) (36,584)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gareth Sobocinski
Director
Approved by the board on 22 May 2025
Kabyn Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Going concern
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 672
At 31 August 2024 672
Depreciation
Charge for the year 222
At 31 August 2024 222
Net book value
At 31 August 2024 450
4 Debtors 2024 2023
£ £
Other debtors 309 7,274
VAT debtor 1,468 -
1,777 7,274
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 90 6,057
Taxation and social security costs 533 -
Other creditors 127,704 38,231
128,327 44,288
6 Related party transactions
None noted.
7 Transactions with Directors
During the year, the Directors, Gareth Sobocinski and Jacqueline Sobocinski each used current accounts with the company to record amounts due to them and amounts drawn by them.

The amount owed to Gareth Sobocinski as Director and included in other creditors as at 31st August 2024 was £63,431.50 (2023: £18,715.00).

The amount owed to Jacqueline Sobocinski as Director and included in other creditors as at 31st August 2024 was £63,431.50 (2023: £18,715.00).
8 Controlling party
Directors Gareth Sobocinski and Jacqueline Sobocinski each own 50% of the company's issued share capital. As such, together they are the company's ultimate controlling party.
9 Other information
Kabyn Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Llansabbath House
Llanover
Abergavenny
Wales
NP7 9BY
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