Company Registration No. 13687196 (England and Wales)
BAM Innovation Ltd
Unaudited accounts
for the year ended 31 October 2024
BAM Innovation Ltd
Unaudited accounts
Contents
BAM Innovation Ltd
Company Information
for the year ended 31 October 2024
Directors
Matthew Young
Ben Hutchinson
Company Number
13687196 (England and Wales)
Registered Office
119 Bay Hill Road
Bath
BA1 6NF
ENGLAND
BAM Innovation Ltd
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
75,971
77,792
Creditors: amounts falling due within one year
(54,077)
(63,976)
Net current assets
33,001
40,121
Total assets less current liabilities
33,451
41,343
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
33,336
41,035
Shareholders' funds
33,338
41,037
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by
Matthew Young
Director
Company Registration No. 13687196
BAM Innovation Ltd
Notes to the Accounts
for the year ended 31 October 2024
BAM Innovation Ltd is a private company, limited by shares, registered in England and Wales, registration number 13687196. The registered office is 119 Bay Hill Road, Bath, BA1 6NF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
UK Corporation tax payable is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date. deferred taxation is provided using the liability method on all
timing differences which are expected to reverse in the future without being replaced, calculated at the rate at which it is anticipated the timing differences will reverse.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover represents the amounts invoiced for goods and services, stated net of value added tax.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Grant income is shown in the profit and loss account as other operating income.
The Company makes contributions to money purchase pension schemes. The assets of the schemes are held separately from
those of the Company in independently administered funds. The amount charged to the profit and loss account represents the
contributions payable to the scheme in respect of the accounting period.
BAM Innovation Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
5,160
25,950
Accrued income and prepayments
453
353
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
42,134
50,580
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
Matthew Young, a director, controls both Minim Row Ltd (MR) and Office Space Network Ltd (OSN).
During the period the company made sales amounting to £1,725 (2023: £31,952) to MR. At 31st October 2024 the balance due from MR was £nil (2023: £nil)
The company rented office space from OSN during the period and the amount paid amounted to £3,050 (2023: £3,100).
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).