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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
Page
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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
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BAM Innovation Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
450 
1,222 
Current assets
Debtors
11,107 
26,305 
Cash at bank and in hand
75,971 
77,792 
87,078 
104,097 
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
Deferred tax
(113)
(306)
Net assets
33,338 
41,037 
Capital and reserves
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
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BAM Innovation Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Taxation
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:
Computer equipment
33%
Turnover
Turnover represents the amounts invoiced for goods and services, stated net of value added tax.
Government grants
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.
Pension costs
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.
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BAM Innovation Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
2,316 
At 31 October 2024
2,316 
Depreciation
At 1 November 2023
1,094 
Charge for the year
772 
At 31 October 2024
1,866 
Net book value
At 31 October 2024
450 
At 31 October 2023
1,222 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,160 
25,950 
Accrued income and prepayments
453 
353 
Other debtors
5,494 
2 
11,107 
26,305 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,367 
13,200 
Taxes and social security
42,134 
50,580 
Accruals
1,576 
196 
54,077 
63,976 
7
Share capital
2024 
2023 
£ 
£ 
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).
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