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Registered number: 07024391
BAMD Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2025
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07024391
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 877,045 751,436
877,045 751,436
CURRENT ASSETS
Stocks 5 586,180 479,180
Debtors 6 336,417 1,010,541
Cash at bank and in hand 120,501 29,409
1,043,098 1,519,130
Creditors: Amounts Falling Due Within One Year 7 (648,649 ) (781,686 )
NET CURRENT ASSETS (LIABILITIES) 394,449 737,444
TOTAL ASSETS LESS CURRENT LIABILITIES 1,271,494 1,488,880
Creditors: Amounts Falling Due After More Than One Year 8 (442,570 ) (603,830 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (218,108 ) (188,373 )
NET ASSETS 610,816 696,677
CAPITAL AND RESERVES
Called up share capital 10 102 102
Profit and Loss Account 610,714 696,575
SHAREHOLDERS' FUNDS 610,816 696,677
Page 1
Page 2
For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Barmby
Director
29 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
BAMD LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07024391. The registered office is 3140 Heyford Park, Camp Road, Upper Heyford, Bicester, Oxfordshire, OX25 5HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Straight Line
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Straight Line
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2024: 19)
21 19
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 433,905 519,902 204,528 7,943
Additions 238,329 - 76,683 145
Disposals - - (58,741 ) -
As at 31 March 2025 672,234 519,902 222,470 8,088
Depreciation
As at 1 April 2024 123,356 193,187 97,983 5,144
Provided during the period 67,224 65,343 52,969 589
Disposals - - (50,366 ) -
As at 31 March 2025 190,580 258,530 100,586 5,733
Net Book Value
As at 31 March 2025 481,654 261,372 121,884 2,355
As at 1 April 2024 310,549 326,715 106,545 2,799
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 April 2024 22,470 1,188,748
Additions 8,674 323,831
Disposals - (58,741 )
As at 31 March 2025 31,144 1,453,838
Depreciation
As at 1 April 2024 17,642 437,312
Provided during the period 3,722 189,847
Disposals - (50,366 )
As at 31 March 2025 21,364 576,793
Net Book Value
As at 31 March 2025 9,780 877,045
As at 1 April 2024 4,828 751,436
5. Stocks
2025 2024
£ £
Materials 307,956 272,840
Work in progress 278,224 206,340
586,180 479,180
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 318,922 987,196
Prepayments and accrued income 17,495 23,345
336,417 1,010,541
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 169,880 91,786
Trade creditors 130,694 418,480
Corporation tax (24 ) 67,468
Other taxes and social security 21,469 14,970
VAT 115,282 124,870
Other creditors 1,010 3,702
Other creditors (1) 3,533 -
Accruals and deferred income 164,118 54,119
Directors' loan accounts 42,687 6,291
648,649 781,686
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 218,455 340,518
Bank loans 224,115 263,312
442,570 603,830
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 169,880 91,786
Later than one year and not later than five years 218,455 340,518
388,335 432,304
388,335 432,304
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
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