SYB2 Limited

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3—5

Registered number: 12929316

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	-		8,383
Debtors	5	17,321		30,910
Cash at bank and in hand		21,305		36,796

		38,626		76,089
Creditors: Amounts Falling Due Within One Year	6	(61,205 )		(88,497 )

NET CURRENT ASSETS (LIABILITIES)			(22,579 )		(12,408 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(22,579 )		(12,408 )

NET LIABILITIES			(22,579 )		(12,408 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			(22,581 )		(12,410 )

SHAREHOLDERS' FUNDS			(22,579)		(12,408)

For the year ending 31 October 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

L Fallon

Director

31/05/2026

The notes on pages 3 to 5 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 November 2023	2	143	145
Loss for the year and total comprehensive income	-	(12,553 )	(12,553)

As at 31 October 2024 and 1 November 2024	2	(12,410 )	(12,408)


Loss for the year and total comprehensive income	-	(10,171 )	(10,171)

As at 31 October 2025	2	(22,581 )	(22,579)

1. General Information

SYB2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12929316 . The registered office is C/O Digi Accountancy, Sun House, 2-4 Little Peter Street, Manchester, M15 4PS.

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. Significant judgements and estimations

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Judgements, estimates and assumptions have been made in the preparation of these financial statements. The Director has exercised significant judgement when determining the value of work in progress at the balance sheet date.

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.

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.

2.4. 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.

2.5. 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.

...CONTINUED

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SYB2 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Taxation - continued

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: 2 (2024: 2)

4. Stocks

	2025	2024
	£	£
Work in progress	-	8,383

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	17,074	21,888
Prepayments and accrued income	186	2,331
Other debtors	-	6,000
VAT	61	-
Directors' loan accounts	-	691

	17,321	30,910

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,255	28,347
Corporation tax	878	3,507
Other taxes and social security	75	-
VAT	-	1,646
Other creditors	-	94
Client monies received and paid	19,215	36,900
Accruals and deferred income	-	18,003
Directors' loan accounts	32,782	-

	61,205	88,497

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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SYB2 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Exceptional Items

During the period an amount owed from Mr Finch Limited, of which M Fallon is a shareholder and director, totalled £6,000 has been written off due to Mr. Finch Limited entering into liquidation.

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