THE BRITISH MILLINERY ASSOCIATION CIC

Company limited by guarantee

Company Registration Number:
14356699 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

THE BRITISH MILLINERY ASSOCIATION CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE BRITISH MILLINERY ASSOCIATION CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 13 months to 30 September 2023


£
£
Turnover: 14,872 22,848
Cost of sales: ( 10,165 ) ( 19,505 )
Gross profit(or loss): 4,707 3,343
Administrative expenses: ( 4,263 ) ( 6,785 )
Operating profit(or loss): 444 (3,442)
Interest receivable and similar income: 28 2
Profit(or loss) before tax: 472 (3,440)
Profit(or loss) for the financial year: 472 (3,440)

THE BRITISH MILLINERY ASSOCIATION CIC

Balance sheet

As at 30 September 2024

Notes 2024 13 months to 30 September 2023


£
£
Current assets
Cash at bank and in hand: 2,719 2,246
Total current assets: 2,719 2,246
Creditors: amounts falling due within one year: 3 ( 5,687 ) ( 5,686 )
Net current assets (liabilities): (2,968) (3,440)
Total assets less current liabilities: (2,968) ( 3,440)
Total net assets (liabilities): (2,968) (3,440)
Members' funds
Profit and loss account: (2,968) ( 3,440)
Total members' funds: ( 2,968) (3,440)

The notes form part of these financial statements

THE BRITISH MILLINERY ASSOCIATION CIC

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: K Vale
Status: Director

The notes form part of these financial statements

THE BRITISH MILLINERY ASSOCIATION CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

THE BRITISH MILLINERY ASSOCIATION CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 13 months to 30 September 2023
    Average number of employees during the period 5 6

THE BRITISH MILLINERY ASSOCIATION CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Creditors: amounts falling due within one year note

2024 13 months to 30 September 2023
£ £
Other creditors 5,687 5,686
Total 5,687 5,686

COMMUNITY INTEREST ANNUAL REPORT

THE BRITISH MILLINERY ASSOCIATION CIC

Company Number: 14356699 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. The British Millinery Association CIC (BMA) aims to “protect, preserve, conserve and improve the craft of millinery, including but not exclusively, by providing education and other support services and events for milliners and other persons engaged in the craft of millinery.” We have offered monthly online motivational talks for members to questions other known creatives. Regular training sessions both online and in person, to further develop skills and techniques of our members. In person events, both to visit exhibitions, wholesalers and trade shows. There is nowhere else in the UK that offers these community growing activities, that enhance creativity within the millinery industry, as well as establishing friendships and support groups too.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Administrative expenses of £6,543 was paid to directors as detailed in the accounts

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 September 2025

And signed on behalf of the board by:
Name: K Vale
Status: Director