REGISTERED NUMBER: 12332364 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

HY ONE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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 Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Tangible assets

5

255,979

239,508

CURRENT ASSETS

Stocks

3,875

2,750

Debtors

6

2,124,626

1,874,559

Cash at bank

-

27

2,128,501

1,877,336

CREDITORS

Amounts falling due within one year

7

683,458

742,146

NET CURRENT ASSETS

1,445,043

1,135,190

TOTAL ASSETS LESS CURRENT LIABILITIES

1,701,022

1,374,698

CREDITORS

Amounts falling due after more than one year

8

(105,010

)

(55,766

)

PROVISIONS FOR LIABILITIES

(39,731

)

(39,485

)

NET ASSETS

1,556,281

1,279,447

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,556,181

1,279,347

1,556,281

1,279,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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 2026 and were signed by:

D L H Yates - Director

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.

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 20 (2024 - 21 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

76,421

132,144

85,771

5,785

300,121

Additions

40,000

4,006

25,000

-

69,006

At 31 May 2025

116,421

136,150

110,771

5,785

369,127

DEPRECIATION

At 1 June 2024

13,629

29,921

16,570

493

60,613

Charge for year

14,419

15,334

21,988

794

52,535

At 31 May 2025

28,048

45,255

38,558

1,287

113,148

NET BOOK VALUE

At 31 May 2025

88,373

90,895

72,213

4,498

255,979

At 31 May 2024

62,792

102,223

69,201

5,292

239,508

6.

DEBTORS

31.5.25

31.5.24

£

£

Amounts falling due within one year:

Trade debtors

-

33,083

Amounts owed by group undertakings

1,974,983

1,822,770

Other debtors

100,076

18,706

2,075,059

1,874,559

31.5.25

31.5.24

£

£

Amounts falling due after more than one year:

Trade debtors

49,567

-

Aggregate amounts

2,124,626

1,874,559

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

60,868

72,406

Hire purchase contracts

28,987

21,360

Trade creditors

204,616

272,295

Amounts owed to group undertakings

156,738

166,528

Taxation and social security

203,273

188,145

Other creditors

28,976

21,412

683,458

742,146

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

-

9,564

Hire purchase contracts

102,704

42,719

Other creditors

2,306

3,483

105,010

55,766

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Hire purchase contracts

131,691

64,079

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