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REGISTERED NUMBER: 06504408 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

MY GROUP HULL LIMITED

MY GROUP HULL LIMITED (REGISTERED NUMBER: 06504408)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MY GROUP HULL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: D Carrie
S Carrie





SECRETARY: D Carrie





REGISTERED OFFICE: Mill Cross Quarry
Garden Lane
Sherburn in Elmet
Leeds
West Yorkshire
LS25 6AT





REGISTERED NUMBER: 06504408 (England and Wales)





ACCOUNTANTS: Flemingate - Accountancy and Taxation
1 Village Courtyard
High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4AA

MY GROUP HULL LIMITED (REGISTERED NUMBER: 06504408)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,333,864 1,689,531

CURRENT ASSETS
Debtors 5 768,292 584,600
Cash at bank and in hand 37,514 158,236
805,806 742,836
CREDITORS
Amounts falling due within one year 6 659,665 732,123
NET CURRENT ASSETS 146,141 10,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,480,005

1,700,244

CREDITORS
Amounts falling due after more than one
year

7

(1,006,719

)

(596,719

)

PROVISIONS FOR LIABILITIES (205,610 ) (113,993 )
NET ASSETS 1,267,676 989,532

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 318,800 318,800
Retained earnings 948,874 670,730
SHAREHOLDERS' FUNDS 1,267,676 989,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MY GROUP HULL LIMITED (REGISTERED NUMBER: 06504408)

BALANCE SHEET - continued
30TH APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th January 2025 and were signed on its behalf by:





S Carrie - Director


MY GROUP HULL LIMITED (REGISTERED NUMBER: 06504408)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

My Group Hull Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008). The accounts have been drawn up on the going concern basis as the company is supported by loan facilities advanced by its ultimate controlling companies who have indicated that they will support the company and will not seek to withdraw the loan facilities already advanced to the company for a period of at least twelve months from the date of signing these accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Non depreciation of freehold property
The freehold property has not been depreciated as this constitutes land bought for development and whilst some of the buildings originally on the site have been demolished and there has been some element of site clearance and levelling has taken place the company is not in a position to develop the site further at this time. The directors of the company believe that the current valuation is at least equal to the amount originally paid for the land on acquisition plus the cost of remedial work done during the year which has been capitalised within the freehold land and buildings fixed asset account.

MY GROUP HULL LIMITED (REGISTERED NUMBER: 06504408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st May 2023 979,715 944,159 34,852 1,958,726
Additions 126,413 716,014 4,525 846,952
At 30th April 2024 1,106,128 1,660,173 39,377 2,805,678
DEPRECIATION
At 1st May 2023 - 259,821 9,374 269,195
Charge for year - 198,119 4,500 202,619
At 30th April 2024 - 457,940 13,874 471,814
NET BOOK VALUE
At 30th April 2024 1,106,128 1,202,233 25,503 2,333,864
At 30th April 2023 979,715 684,338 25,478 1,689,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 702,767 519,075
Other debtors 65,525 65,525
768,292 584,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 568,253 653,337
Social security and other taxes 12,214 20,444
VAT 11,166 6,105
Accrued expenses 68,032 52,237
659,665 732,123

MY GROUP HULL LIMITED (REGISTERED NUMBER: 06504408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Loan - Mytum and Selby Waste
Recycling Limited 942,869 592,869
Loan - The Maltings Organic
Treatment Limited 60,000 -
Loan - Greenline Recycling
Solutions Limited 3,850 3,850
1,006,719 596,719

8. RESERVES
Revaluation
reserve
£   
At 1st May 2023
and 30th April 2024 318,800

9. RELATED PARTY DISCLOSURES

The company transacted with Mytum and Selby Waste Recycling Limited which is the company that owns the issued share capital of Mytum and Selby (Hull) Limited. Items were bought from and provided by the relevant companies and each invoice raised was promptly paid by Mytum and Selby (Hull) Limited and there remains the following trading balances outstanding to each party.

Amounts owed to Mytum & Selby Waste Recycling Limited £ 283,017

Amounts owed by Mytum and Selby Waste Recycling Limited - £ 1,178

Loan Facilities

Mytum and Selby Waste Recycling Limited continues to support the company through loan facilities to the company which they have not sought repayment of capital nor interest on the capital balance outstanding. The balances owed to these companies are as follows:

Mytum and Selby Waste Recycling Limited - £ 942,869

The directors of these company have indicated that they will not seek any repayment of the loan facilities until a period of at least twelve months from the approval of the financial statements.

In addition to the above the company also transacted on a trading basis. All invoices levied by either concern was paid for in full by the respective companies.