id  col1   col2
1   7      1.2
1   6      0.8
1   12     0.9
1   1      1.1
2   3      2.0
2   6      1.8
3   10     0.7
3   11     0.9
3   12     1.2

def myfunc(df, col1, col2):

    df1 = col1
    df2 = df[df[col2] < 1][[col1]]
    var1 = df1.iloc[0]
    var2 = df2.iloc[0][0]
    # make calculations with var1 and var2

    return 10 # dummy value for simplicity of an example


df["new_col"] = df.groupby("id").agg(myfunc(...??))