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REGISTERED NUMBER: 07304864 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Behling Insulation Supplies Ltd

Behling Insulation Supplies Ltd (Registered number: 07304864)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Behling Insulation Supplies Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mrs S Behling
S C Reilly
Mrs R Cole





SECRETARY: Mrs S Behling





REGISTERED OFFICE: Unit 6
Newbridge Trading Estate
Whitby Road
Bristol
BS4 4AX





REGISTERED NUMBER: 07304864 (England and Wales)





ACCOUNTANTS: Dury & Company
51 Peaslands Road
Sidmouth
Devon
EX10 9BE

Behling Insulation Supplies Ltd (Registered number: 07304864)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,048 50,606

CURRENT ASSETS
Stocks 349,617 335,333
Debtors 5 698,064 950,219
Cash at bank and in hand 578,910 144,137
1,626,591 1,429,689
CREDITORS
Amounts falling due within one year 6 705,860 743,776
NET CURRENT ASSETS 920,731 685,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

997,779

736,519

CREDITORS
Amounts falling due after more than one
year

7

(15,762

)

-

PROVISIONS FOR LIABILITIES (14,639 ) (9,615 )
NET ASSETS 967,378 726,904

CAPITAL AND RESERVES
Called up share capital 105 105
Capital redemption reserve 5 5
Retained earnings 967,268 726,794
SHAREHOLDERS' FUNDS 967,378 726,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Behling Insulation Supplies Ltd (Registered number: 07304864)

Balance Sheet - continued
31 December 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2022 and were signed on its behalf by:




Mrs S Behling - Director S C Reilly - Director




Mrs R Cole - Director


Behling Insulation Supplies Ltd (Registered number: 07304864)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Behling Insulation Supplies 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. 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Government grants
Grants relating to revenue are recognised in income on a systemic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, is recognised in income in the period in which it becomes receivable.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Behling Insulation Supplies Ltd (Registered number: 07304864)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 7,571 176,385 183,956
Additions - 55,062 55,062
Disposals - (32,061 ) (32,061 )
At 31 December 2021 7,571 199,386 206,957
DEPRECIATION
At 1 January 2021 757 132,593 133,350
Charge for year 757 24,883 25,640
Eliminated on disposal - (29,081 ) (29,081 )
At 31 December 2021 1,514 128,395 129,909
NET BOOK VALUE
At 31 December 2021 6,057 70,991 77,048
At 31 December 2020 6,814 43,792 50,606

The net book value of tangible fixed assets includes £ 49,556 (2020 - £ 12,596 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 562,216 786,029
Other debtors 135,848 164,190
698,064 950,219

Behling Insulation Supplies Ltd (Registered number: 07304864)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts (see note 8) 8,341 913
Trade creditors 266,134 314,821
Taxation and social security 174,366 158,483
Other creditors 257,019 269,559
705,860 743,776

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Hire purchase contracts (see note 8) 15,762 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2021 2020
£    £   
Gross obligations repayable:
Within one year 10,254 913
Between one and five years 17,091 -
27,345 913

Finance charges repayable:
Within one year 1,913 -
Between one and five years 1,329 -
3,242 -

Net obligations repayable:
Within one year 8,341 913
Between one and five years 15,762 -
24,103 913

Non-cancellable operating leases
2021 2020
£    £   
Within one year 96,557 86,754
Between one and five years 382,000 383,057
In more than five years 286,500 382,000
765,057 851,811