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Registration number: 04068037



BAM Agency Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

BAM Agency Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Financial Statements

7 to 12

 

BAM Agency Limited

Company Information

Directors

T C Bodenham

Mrs L Bodenham

Registered office

15 Royal Crescent
Cheltenham
GL50 3DA

Accountants

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

BAM Agency Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

T C Bodenham

Mrs L Bodenham (appointed 17 September 2024)

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 12 August 2025 and signed on its behalf by:


T C Bodenham
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of BAM Agency Limited
for the Year Ended 31 December 2024
 

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BAM Agency Limited for the year ended 31 December 2024, as set out on pages 4 to 12, 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that BAM Agency Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BAM Agency Limited. You consider that BAM Agency 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 accounts of BAM Agency 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 accounts.


Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

12 August 2025

 

BAM Agency Limited

Profit and Loss Account for the Year Ended 31 December 2024

Note

2024
£

2023
£

Turnover

 

2,082,632

1,903,105

Cost of sales

 

(810,197)

(823,096)

Gross profit

 

1,272,435

1,080,009

Administrative expenses

 

(617,465)

(468,542)

Operating profit

 

654,970

611,467

Interest payable and similar expenses

 

(17,360)

(22,212)

Profit before tax

637,610

589,255

Tax on profit

 

(163,284)

(144,851)

Profit for the financial year

 

474,326

444,404

The above results were derived from continuing operations.

The company has no other comprehensive income for the year.

 

BAM Agency Limited

(Registration number: 04068037)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

573,763

583,137

Current assets

 

Debtors

5

71,154

40,544

Cash at bank and in hand

 

604,137

446,771

 

675,291

487,315

Creditors: Amounts falling due within one year

6

(441,484)

(454,855)

Net current assets

 

233,807

32,460

Total assets less current liabilities

 

807,570

615,597

Creditors: Amounts falling due after more than one year

6

(154,477)

(217,457)

Deferred tax liabilities

8

(46,921)

(46,294)

Net assets

 

606,172

351,846

Capital and reserves

 

Called up share capital

100

100

Retained earnings

606,072

351,746

Shareholders' funds

 

606,172

351,846

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 August 2025 and signed on its behalf by:
 


T C Bodenham
Director

 

BAM Agency Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

Share capital
£

Retained earnings
£

Total
£

At 1 January 2024

100

351,746

351,846

Profit for the year

-

474,326

474,326

Dividends

-

(220,000)

(220,000)

At 31 December 2024

100

606,072

606,172

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

100

320,842

320,942

Profit for the year

-

444,404

444,404

Dividends

-

(413,500)

(413,500)

At 31 December 2023

100

351,746

351,846

 

BAM Agency Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Royal Crescent
Cheltenham
GL50 3DA

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

BAM Agency Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

nil

Leasehold improvements

10% straight line

Fixtures and fittings

25% reducing balance and 15% straight line

Plant and machinery

20% straight line

Motor vehicles

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

BAM Agency Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2023 - 26).

 

BAM Agency Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

 

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost

At 1 January 2024

432,058

218,277

98,631

748,966

Additions

-

15,474

70,680

86,154

Disposals

-

-

(89,863)

(89,863)

At 31 December 2024

432,058

233,751

79,448

745,257

Depreciation

At 1 January 2024

25,338

99,689

40,802

165,829

Charge for the year

6,981

33,147

5,975

46,103

Eliminated on disposal

-

-

(40,438)

(40,438)

At 31 December 2024

32,319

132,836

6,339

171,494

Carrying amount

At 31 December 2024

399,739

100,915

73,109

573,763

At 31 December 2023

406,720

118,588

57,829

583,137

Included within the net book value of land and buildings above is £362,252 (2023 - £362,252) in respect of freehold land and buildings and £37,487 (2023 - £44,468) in respect of short leasehold land and buildings.
 

 

5

Debtors

2024
£

2023
£

Trade debtors

47,842

27,090

Prepayments

17,185

13,454

Other debtors

6,127

-

71,154

40,544

 

BAM Agency Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

 

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

60,253

57,976

Trade creditors

 

99,085

186,639

Taxation and social security

 

274,852

196,644

Accruals and deferred income

 

6,517

6,287

Other creditors

 

777

7,309

 

441,484

454,855

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

154,477

217,457

Included in loans and borrowings is £51,818 (£27,273 due within one year and £24,545 due over one year) which represents a Coronavirus Business Interuption Loan which is guaranteed by the UK Government.

 

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

60,253

57,976

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

154,477

217,457

 

BAM Agency Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

 

8

Deferred tax

Deferred tax assets and liabilities

2024

Asset
£

Liability
£

Accelerated tax depreciation

-

47,004

Short term timing difference

83

-

83

47,004

2023

Asset
£

Liability
£

Accelerated tax depreciation

-

46,373

Short term timing difference

79

-

79

46,373

 

9

Financial commitments

The total amount of financial commitments not included in the balance sheet is £9,692 £Nil (2023 - £24,789).

 

10

Controlling party

The company's immediate parent is BAM Advertising Holdings Limited, incorporated in England and Wales.

 

11

Related party transactions

At 31 December 2024, the directors owed £5,965 to the company (2023: £3,754 owed from the Company) in the form of a directors' loan account. The loan is unsecured, repayable on demand and no interest is payable.

 

 

BAM Agency Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

Turnover/revenue

2,082,632

1,903,105

Cost of sales

Purchase of raw materials and consumables

(732,288)

(756,296)

Wages and salaries

(77,909)

(66,800)

Gross profit

1,272,435

1,080,009

Administrative expenses

Audit and accountancy other services

(5,448)

(7,260)

Advertising, promotions and marketing costs

(6,714)

(22,326)

Client entertaining costs

(6,090)

(4,157)

Rent, rates and services costs

(67,289)

(73,672)

Operating lease expenditure

(27,828)

(43,790)

Other repairs and maintenance costs

(19,908)

(21,700)

Cleaning costs

(1,372)

(1,528)

Depreciation of property, plant and equipment

(46,103)

(42,313)

Vehicle costs

(20,622)

(14,951)

Wages and salaries

(155,964)

(170,240)

Pension costs defined contribution schemes excluding directors

(3,587)

(2,680)

Salaries and fees, directors

(17,680)

(17,680)

Company contributions to money purchase plans, directors

(164,117)

-

Staff costs, directors

(181,797)

(17,680)

Travel and subsistence

(20,916)

(10,660)

Training

(11)

(468)

Legal and professional costs

(300)

(1,295)

Bank charges

1,373

(4,960)

Insurance costs

(7,814)

(5,181)

IT and computing

(17,637)

(15,851)

Telecommunications

(2,036)

(2,130)

Printing, postage and stationery

(1,479)

(3,019)

Subscriptions

(1,639)

(1,135)

Other foreign exchange loss

(3,962)

(42)

Other costs

(1,897)

(1,392)

Other items

Loss from disposal of property, plant and equipment

(18,425)

(112)

Profit on ordinary activities before finance charges and interest

654,970

611,467

Non-bank interest and similar charges

(17,360)

(20,684)

Interest expense on obligations under finance leases and hire purchase contracts

-

(1,528)

Profit on ordinary activities before taxation

637,610

589,255

Tax on profit or loss on ordinary activities

(163,284)

(144,851)

Profit for the financial year

474,326

444,404