MYE RENEWABLES LTD

Company Registration Number:
09270070 (England and Wales)

Unaudited micro entity accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

MYE RENEWABLES LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Footnotes to the Balance Sheet - 7

MYE RENEWABLES LTD

Company Information

for the Period Ended 31 October 2024




Director: Christopher William Hector
Kathryn Hector
Registered office: 32 Washford Road
Hilton
Derby
DE65 5HN
Company Registration Number: 09270070 (England and Wales)

MYE RENEWABLES LTD

Directors' Report Period Ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal Activities

Solar Panel and Battery Storage Design and Installation Company

Additional information

The 2023 2024 financial year was a period of significant transformation for our business, driven by both internal restructuring and strategic repositioning in the market. At the outset, we were operating across two distinct niches domestic electrical services and domestic solar and battery storage installations. This dual focus presented operational challenges and diluted our strategic efforts. Compounding these challenges, we experienced unexpected changes within our team. Our dedicated solar sales representative, who initially worked part-time, transitioned to a full-time role with a competitor. Around the same time, our two full-time electricians chose to leave and establish their own sole trader operations. These departures created short-term operational disruptions, but also prompted a necessary reassessment of our staffing model. Recognising the need to future-proof the business, we made a deliberate investment in a 12 month business development programme led by The Apprentice winner Joseph Valente. The course, which cost £12,500, was tailored specifically for small solar installation companies and focused on improving profitability and scaling operations effectively. We have now completed the programme and are beginning to see tangible benefits from the strategies implemented. As a result of this period of transition and learning, we made a strategic decision to focus exclusively on solar installations, our core growth area. We also shifted from an employee-based delivery model to a more flexible subcontracting approach. This includes working with former employees who understand and consistently meet our high standards. In essence, the business has undergone a complete evolution: refocusing on a high-demand market, adopting a more agile operating model, and laying the foundation for future growth. While these changes impacted short-term performance, they were essential for building a more sustainable and profitable business moving forward.

Directors

The directors shown below have held office during the whole of the period from 01 November 2023 to 31 October 2024
Christopher William Hector
Kathryn Hector

This report was approved by the board of directors on 1 July 2025
And Signed On Behalf Of The Board By:

Name: Christopher William Hector
Status: Director

MYE RENEWABLES LTD

Balance sheet

As at 31 October 2024


2024
£

2023
£
Called up share capital not paid: 0 2
Fixed Assets: 0 2,047
Current assets: 0 29,244
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: ( 18,043 ) ( 32,816 )
Net current assets (liabilities): ( 18,043 ) ( 3,572 )
Total assets less current liabilities: ( 18,043 ) ( 1,523 )
Creditors: amounts falling due after more than one year: ( 16,549 ) ( 20,617 )
Total net assets (liabilities): ( 34,592 ) ( 22,140 )
Capital and reserves: ( 34,592 ) ( 22,140 )

MYE RENEWABLES LTD

Balance sheet continued

For the year ending 31 October 2024 the company was entitled to exemption 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 of the small companies regime applicable to micro-entities.

This report was approved by the board of directors on 1 July 2025
And Signed On Behalf Of The Board By:

Name: Christopher William Hector
Status: Director

The notes form part of these financial statements

MYE RENEWABLES LTD

Footnotes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Employee Information

    Average number of employees: 3

MYE RENEWABLES LTD

Footnotes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Off balance sheet disclosure

    No