IRIS Accounts Production v25.1.0.734 05001550 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050015502023-06-30050015502024-06-30050015502023-07-012024-06-30050015502022-06-30050015502022-07-012023-06-30050015502023-06-3005001550ns15:EnglandWales2023-07-012024-06-3005001550ns14:PoundSterling2023-07-012024-06-3005001550ns10:Director12023-07-012024-06-3005001550ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005001550ns10:SmallEntities2023-07-012024-06-3005001550ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3005001550ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005001550ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005001550ns10:FullAccounts2023-07-012024-06-3005001550ns10:RegisteredOffice2023-07-012024-06-3005001550ns5:CurrentFinancialInstruments2024-06-3005001550ns5:CurrentFinancialInstruments2023-06-3005001550ns5:Non-currentFinancialInstruments2024-06-3005001550ns5:Non-currentFinancialInstruments2023-06-3005001550ns5:ShareCapital2024-06-3005001550ns5:ShareCapital2023-06-3005001550ns5:RetainedEarningsAccumulatedLosses2024-06-3005001550ns5:RetainedEarningsAccumulatedLosses2023-06-3005001550ns5:FurnitureFittings2023-07-012024-06-3005001550ns5:ComputerEquipment2023-07-012024-06-3005001550ns5:PlantMachinery2023-06-3005001550ns5:PlantMachinery2023-07-012024-06-3005001550ns5:PlantMachinery2024-06-3005001550ns5:PlantMachinery2023-06-3005001550ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005001550ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3005001550ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3005001550ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3005001550ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3005001550ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3005001550ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3005001550ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-30
REGISTERED NUMBER: 05001550 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BHL PRODUCTS LIMITED

BHL PRODUCTS LIMITED (REGISTERED NUMBER: 05001550)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

BHL PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: R Berman





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH





REGISTERED NUMBER: 05001550 (England and Wales)





ACCOUNTANTS: Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

BHL PRODUCTS LIMITED (REGISTERED NUMBER: 05001550)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 859 284

CURRENT ASSETS
Debtors 5 110,802 66,591
Investments 6 8,500 50,000
Cash at bank 20,260 53,048
139,562 169,639
CREDITORS
Amounts falling due within one year 7 93,441 123,163
NET CURRENT ASSETS 46,121 46,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,980

46,760

CREDITORS
Amounts falling due after more than one
year

8

(26,137

)

(31,364

)

PROVISIONS FOR LIABILITIES (215 ) (71 )
NET ASSETS 20,628 15,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,528 15,225
SHAREHOLDERS' FUNDS 20,628 15,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2025 and were signed by:



R Berman - Director


BHL PRODUCTS LIMITED (REGISTERED NUMBER: 05001550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Bhl Products Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Turnover is recognised in the period in which the services are rendered in accordance with the stage of completion of the transaction where the outcome of the transaction can be measured reliably. Where the outcome of a transaction cannot be measured reliably, turnover is recognised only to the extent of the expenses incurred for which the likelihood of recovery is probable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Financial instruments
Basic financial liabilities including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method.

Financial assets that are measured at cost and 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 profit or loss.

Other financial assets such as investments in equity instruments other than subsidiaries, associates or joint ventures are initially measured at fair value, which is usually the transaction price. Such assets are subsequently carried at fair value with any changes in fair value recognised in profit or loss except where the instruments are not publicly traded and their value cannot be reliably measured in which case they are measured at cost less impairment.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.


BHL PRODUCTS LIMITED (REGISTERED NUMBER: 05001550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 1,440
Additions 648
At 30 June 2024 2,088
DEPRECIATION
At 1 July 2023 1,156
Charge for year 73
At 30 June 2024 1,229
NET BOOK VALUE
At 30 June 2024 859
At 30 June 2023 284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,632 18,870
Other debtors 62,270 44,743
Directors' current accounts 8,797 -
Prepayments and accrued income - 579
Prepayments 3,103 2,399
110,802 66,591

BHL PRODUCTS LIMITED (REGISTERED NUMBER: 05001550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 8,500 50,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,227 5,227
Trade creditors 32,243 28,092
Tax 20,205 21,375
VAT 12,767 280
Other creditors 21,499 25,333
Directors' current accounts - 386
Accruals and deferred income 1,500 42,470
93,441 123,163

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,227 5,227
Bank loans - 2-5 years 15,682 15,682
Bank loans more 5 yr by instal 5,228 10,455
26,137 31,364

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,228 10,455

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BHL PRODUCTS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bhl Products Limited for the year ended 30 June 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bhl Products Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bhl Products Limited and state those matters that we have agreed to state to the director of Bhl Products Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bhl Products Limited and its director for our work or for this report.

It is your duty to ensure that Bhl Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bhl Products Limited. You consider that Bhl Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bhl Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


23 April 2025