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REGISTERED NUMBER: 12332364 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

HY ONE LTD

HY ONE LTD (REGISTERED NUMBER: 12332364)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HY ONE LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: D L H Yates





REGISTERED OFFICE: Hy Hotel
318 - 328 Clifton Drive North
Lytham St Annes
Lancashire
FY8 2PB





REGISTERED NUMBER: 12332364 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

HY ONE LTD (REGISTERED NUMBER: 12332364)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 239,508 106,940

CURRENT ASSETS
Stocks 2,750 980
Debtors 6 1,874,559 1,293,433
Cash at bank 27 80,459
1,877,336 1,374,872
CREDITORS
Amounts falling due within one year 7 742,146 256,108
NET CURRENT ASSETS 1,135,190 1,118,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,374,698

1,225,704

CREDITORS
Amounts falling due after more than one
year

8

(55,766

)

(85,438

)

PROVISIONS FOR LIABILITIES 11 (39,485 ) (16,125 )
NET ASSETS 1,279,447 1,124,141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,279,347 1,124,041
1,279,447 1,124,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HY ONE LTD (REGISTERED NUMBER: 12332364)

BALANCE SHEET - continued
31 May 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 director and authorised for issue on 22 May 2025 and were signed by:





D L H Yates - Director


HY ONE LTD (REGISTERED NUMBER: 12332364)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Hy One Ltd 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

HY ONE LTD (REGISTERED NUMBER: 12332364)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 23 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 33,031 94,834 1,250 - 129,115
Additions 43,390 37,310 84,521 5,785 171,006
At 31 May 2024 76,421 132,144 85,771 5,785 300,121
DEPRECIATION
At 1 June 2023 5,889 15,739 547 - 22,175
Charge for year 7,740 14,182 16,023 493 38,438
At 31 May 2024 13,629 29,921 16,570 493 60,613
NET BOOK VALUE
At 31 May 2024 62,792 102,223 69,201 5,292 239,508
At 31 May 2023 27,142 79,095 703 - 106,940

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 33,083 2,013
Amounts owed by group undertakings 1,822,770 1,278,632
Other debtors 18,706 12,788
1,874,559 1,293,433

HY ONE LTD (REGISTERED NUMBER: 12332364)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 9) 72,406 7,625
Hire purchase contracts 21,360 26,933
Trade creditors 272,295 77,642
Amounts owed to group undertakings 166,528 -
Tax 22,649 -
Social security and other taxes 56,312 37,876
VAT 109,184 87,612
Other creditors 17,912 2,427
Accruals and deferred income 3,500 15,993
742,146 256,108

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 9) 9,564 22,939
Hire purchase contracts 42,719 9,891
Directors Loan Account 3,483 52,608
55,766 85,438

9. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 72,406 7,625

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,564 22,939

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 64,079 -

The hire purchase is secured on the assets to which it relates.

HY ONE LTD (REGISTERED NUMBER: 12332364)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


11. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 39,485 16,125

Deferred
tax
£   
Balance at 1 June 2023 16,125
Utilised during year 23,360
Balance at 31 May 2024 39,485