REGISTERED NUMBER: 05004947 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Baby Products Industry

Association Limited

Previously known as

Baby Products Association Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

L Burns

M Hardenberg

S Russell

SECRETARY:

J Milne

REGISTERED OFFICE:

Aelybryn

Login

Whitland

SA34 0XE

REGISTERED NUMBER:

05004947 (England and Wales)

ACCOUNTANTS:

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

The following reproduces the text of the report prepared for the directors 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 Directors 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 Baby Products Industry Association Limited for the year ended 31 December 2024 which comprise the Income Statement, 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 Board of Directors of Baby Products Industry Association Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Baby Products Industry Association Limited and state those matters that we have agreed to state to the Board of Directors of Baby Products Industry Association Limited, as a body, 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 Baby Products Industry Association Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Baby Products Industry Association 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 loss of Baby Products Industry Association Limited. You consider that Baby Products Industry Association 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 Baby Products Industry Association 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.

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

Date: .............................................

FIXED ASSETS

Tangible assets

4

754

166

CURRENT ASSETS

Debtors

5

9,541

64,952

Cash at bank

190,643

150,646

200,184

215,598

CREDITORS

Amounts falling due within one year

6

(74,458

)

(71,765

)

NET CURRENT ASSETS

125,726

143,833

TOTAL ASSETS LESS CURRENT LIABILITIES

126,480

143,999

RESERVES

Income and expenditure account

126,480

143,999

126,480

143,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:

M Hardenberg - Director

1.	STATUTORY INFORMATION

Baby Products Industry Association Limited is a private company, limited by guarantee , 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director, and reserves. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, and to provide for any further liabilities that may arise.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,107

Additions

730

At 31 December 2024

1,837

DEPRECIATION

At 1 January 2024

941

Charge for year

142

At 31 December 2024

1,083

NET BOOK VALUE

At 31 December 2024

754

At 31 December 2023

166

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

7,106

56,988

Other debtors

2,435

7,964

9,541

64,952

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

782

4,673

Taxation and social security

17,805

3,692

Other creditors

55,871

63,400

74,458

71,765

7.	RELATED PARTY DISCLOSURES

Transactions with Directors

During the year the company paid management fees of £4,833 (2023 £58,000) to Harrogate International Nursery Fair Limited of which Mr R Anslow is a director and shareholder. Harrogate International Nursery Fair Limited invoiced Baby Products Association Limited £2,386 (2023 £14,775) for travelling, conference meeting expenses. These transactions were on normal commercial terms.

L Burns is a director of Columbus Trading Partners. During the year sales to Columbus Trading Partners amounted to £5,930 (2023 £5,760). At the year end an amount of £Nil (2023 £Nil) was due from Columbus Trading Partners.

S Russell is a director of Cheeky Rascals Limited. During the year sales to Cheeky Rascals Limited amounted to £2,130 (2023 £2,260). At the year end an amount of £Nil (2023 £2,280) was due from Cheeky Rascals Limited.

R Harel is a director of RH Sales & Marketing Ltd. During the year sales to RH Sales & Marketing Limited amounted to £430 (2023 £415). At the year end an amount of £Nil (2023 £498) was due from RH Sales & Marketing Limited.

M Hardenberg is a director of Majuma Ltd. During the year sales to Majuma Ltd amounted to £1,500 (2023 £Nil). At the year end an amount of £-498 (2023 £Nil) was due to Majuma Ltd.This is an overpayment on the customer account

Transactions with related parties of the Committee Members

M Chapman is a director of The East Coast Group Limited. During the year sales to The East Coast Group Limited amounted to £1,960 (2023 £980). At the year end an amount of £Nil (2023 £Nil) was due from East Coast Group Limited.

A Crane is a director of Babystyle UK Limited, during the year sales to Babystyle UK Ltd amounted to £4,335 (2023 £4,550). At the year end an amount of £Nil (2023 £Nil) was due from Babystyle Limited.

P Howe is a director of Peg Perego. During the year sales to Peg Perego amounted to £820 (2023 £795). At the year end an amount of £Nil (2023 £Nil) was due from Peg Perego.

S Kelly is a director of Mamas & Papas Ltd. During the year sales to Mamas & Papas Ltd amounted to £10,188 (2023 £8,490). At the year end an amount of £Nil (2023 £Nil) was due from Mamas & Papas Ltd.