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REGISTERED NUMBER: 02066649 (England and Wales)

| Strategic Report, Report of the Directors and |

| Audited Financial Statements |

| for the Year Ended 31st March 2025 |

| for |

| Baby Bottles (Wholesale) Limited |

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Contents of the Financial Statements

for the Year Ended 31st March 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Statement of Comprehensive Income | 8 |

| Balance Sheet | 9 |

| Statement of Changes in Equity | 10 |

| Cash Flow Statement | 11 |

| Notes to the Cash Flow Statement | 12 |

| Notes to the Financial Statements | 13 |

| Baby Bottles (Wholesale) Limited |

Company Information

for the Year Ended 31st March 2025

| DIRECTORS: | M J Garnett

| K J Harding

| A G Wright

| SECRETARY: | A G Wright

| REGISTERED OFFICE: | Crondal Road

| Bayton Road Industrial Est

| Exhall

| Coventry

| CV7 9NH

| REGISTERED NUMBER: | 02066649 (England and Wales)

| AUDITORS: | Barkers Accountants Limited

| Chartered Accountants &

| Statutory Auditors

| Watling Offices

| Smockington Lane

| Wolvey

| Hinckley

| Leicestershire

| LE10 3AY

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Strategic Report

for the Year Ended 31st March 2025

The directors present their strategic report for the year ended 31st March 2025.

REVIEW OF BUSINESS

The company has had an another excellent year with turnover exceeding £23M. Only a slight reduction in turnover which was expected due to a reduction in low margin wholesale sales. The company has been able to increase their gross margin percentage to 19.7% compared to 19.3% (2024).

The gross profit percentage has also been increased by the company being able to buy in bulk and obtain volume discounts from their suppliers. It is the companies policy to be able to maintain low purchase prices.

The company had working capital ratio of 1.35 at 31st March 2025 (1.34 at 31st March 2024) which remains consistent with the previous year. The Management are still attempting to reduce debtor and creditor days to improve the companies working capital position. Debtors days are at 30 days (32 days 2024) and creditor days have remained the same at 37 days.(37 days 2024)

The company has benefited from stability within its workforce with key sales and management being long serving.

PRINCIPAL RISKS AND UNCERTAINTIES

The Company is firmly positioned in the leisure industry and is reliant on the public having spare disposable income to spend.

The key risk to the companies going concern and cash flow position is the affect of inflation, in particular the increase in fuel prices as the company delivers the stock themselves. Inflation will also impact the level of disposable income the public have to spend on leisure activities.

There is a high level of employment nationally and Management are finding it difficult to hire qualified drivers. They are looking to do in house training in the future.

With the turnover and profit achieved during the year, the Directors are confident they can continue to navigate the company through this challenging period.

ON BEHALF OF THE BOARD:

A G Wright - Secretary

14th August 2025

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Report of the Directors

for the Year Ended 31st March 2025

The directors present their report with the financial statements of the company for the year ended 31st March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of wholesaler of bottled and draught beers, wines, spirits and soft drinks to the licenced trade.

DIVIDENDS

The total distribution of dividends for the year ended 31st March 2025 will be £ 780,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2024 to the date of this report.

M J Garnett

K J Harding

A G Wright

FINANCIAL INSTRUMENTS

The Company’s activities expose it to a variety of financial risks. The Company’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of the Company.

The Company has exposure to the following risks from its use of financial instruments:

- liquidity risk

- market risk

The Company's directors have overall responsibility for the establishment and oversight of the Company’s risk management framework.

The Company’s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Company, through its training and management standards and procedures, aims to develop a disciplined and constructive control environment in which all employees understand their roles and obligations.

Liquidity Risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

Typically the Company ensures that it has sufficient cash available, as well as lines of credit, to meet expected operational expenses, including the servicing of financial obligations. The Company endeavours to mitigate the potential negative impacts of extreme circumstances that cannot reasonably be predicted such as major catastrophes like business interruption and public liability. As far as possible these risks are mitigated through short term insurance policies however the costs associated with such cover are critically evaluated.

Market Risk

Market risk is the risk that changes in market prices, such as interest rates will affect the Company’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return on risk.

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Report of the Directors

for the Year Ended 31st March 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

A G Wright - Secretary

14th August 2025

Report of the Independent Auditors to the Members of

Baby Bottles (Wholesale) Limited

Opinion

We have audited the financial statements of Baby Bottles (Wholesale) Limited (the 'company') for the year ended 31st March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31st March 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Baby Bottles (Wholesale) Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures including the review and testing of manual journals and key estimates and judgements made by management.

We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information. Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. We also addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by management that represented a risk of material misstatement due to fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of

Baby Bottles (Wholesale) Limited

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Caroline Dexter BSc (Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Barkers Accountants Limited

Chartered Accountants &

Statutory Auditors

Watling Offices

Smockington Lane

Wolvey

Hinckley

Leicestershire

LE10 3AY

15th August 2025

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Statement of Comprehensive

Income

for the Year Ended 31st March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 3 | 23,090,639 |  | 23,299,657 |  |

Cost of sales | 18,539,407 |  | 18,792,920 |  |

GROSS PROFIT | 4,551,232 |  | 4,506,737 |  |

Distribution costs | 219,723 |  | 227,696 |  |

Administrative expenses | 3,268,954 |  | 3,112,251 |  |

|  |  | 3,488,677 |  |  |  |  | 3,339,947 |  |

OPERATING PROFIT | 1,062,555 |  | 1,166,790 |  |

Interest receivable and similar income | 5,012 |  | 1,977 |  |

1,067,567 |  | 1,168,767 |  |

Interest payable and similar expenses | 5 | 12,834 |  | 20,571 |  |

PROFIT BEFORE TAXATION | 6 | 1,054,733 |  | 1,148,196 |  |

Tax on profit | 7 | 262,365 |  | 307,152 |  |

PROFIT FOR THE FINANCIAL YEAR | 792,368 |  | 841,044 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 792,368 |  | 841,044 |  |

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Balance Sheet

31st March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | 7,890 |  | 3,528 |  |

Tangible assets | 10 | 288,249 |  | 296,031 |  |

296,139 |  | 299,559 |  |

CURRENT ASSETS

Stocks | 11 | 1,154,676 |  | 1,192,700 |  |

Debtors | 12 | 1,836,523 |  | 2,234,863 |  |

Cash at bank | 1,367,630 |  | 1,222,040 |  |

4,358,829 |  | 4,649,603 |  |

CREDITORS

Amounts falling due within one year | 13 | 3,213,763 |  | 3,488,280 |  |

NET CURRENT ASSETS | 1,145,066 |  | 1,161,323 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,441,205 |  | 1,460,882 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (32,219 | ) | (60,595 | ) |

PROVISIONS FOR LIABILITIES | 19 | (67,856 | ) | (71,525 | ) |

NET ASSETS | 1,341,130 |  | 1,328,762 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 4,722 |  | 4,722 |  |

Share premium | 21 | 32,428 |  | 32,428 |  |

Retained earnings | 21 | 1,303,980 |  | 1,291,612 |  |

SHAREHOLDERS' FUNDS | 1,341,130 |  | 1,328,762 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 14th August 2025 and were signed on its behalf by:

A G Wright - Director | M J Garnett - Director

K J Harding - Director

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Statement of Changes in Equity

for the Year Ended 31st March 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1st April 2023 | 4,722 |  | 1,206,568 |  | 32,428 |  | 1,243,718 |  |

Changes in equity

Dividends | - |  | (756,000 | ) | - |  | (756,000 | ) |

Total comprehensive income | - |  | 841,044 |  | - |  | 841,044 |  |

Balance at 31st March 2024 | 4,722 |  | 1,291,612 |  | 32,428 |  | 1,328,762 |  |

Changes in equity

Dividends | - |  | (780,000 | ) | - |  | (780,000 | ) |

Total comprehensive income | - |  | 792,368 |  | - |  | 792,368 |  |

Balance at 31st March 2025 | 4,722 |  | 1,303,980 |  | 32,428 |  | 1,341,130 |  |

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Cash Flow Statement

for the Year Ended 31st March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,422,795 |  | 1,265,921 |  |

Interest paid | (12,834 | ) | (20,571 | ) |

Tax paid | (278,447 | ) | (219,748 | ) |

Net cash from operating activities | 1,131,514 |  | 1,025,602 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (56,207 | ) | (95,057 | ) |

Sale of tangible fixed assets | 21,417 |  | 31,748 |  |

Interest received | 5,012 |  | 1,977 |  |

Net cash from investing activities | (29,778 | ) | (61,332 | ) |

Cash flows from financing activities

New loans in year | - |  | 49,393 |  |

Bank loan repayments in year | (135,416 | ) | (124,999 | ) |

Capital repayments in year | (55,984 | ) | (12,951 | ) |

Amount introduced by directors | - |  | 40,184 |  |

Amount withdrawn by directors | (764,746 | ) | (449,497 | ) |

Net cash from financing activities | (956,146 | ) | (497,870 | ) |

Increase in cash and cash equivalents | 145,590 |  | 466,400 |  |

Cash and cash equivalents at beginning of year | 2 | 1,222,040 |  | 755,640 |  |

Cash and cash equivalents at end of year | 2 | 1,367,630 |  | 1,222,040 |  |

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Cash Flow Statement

for the Year Ended 31st March 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,054,733 |  | 1,148,196 |  |

| Depreciation charges | 78,263 |  | 72,884 |  |

| (Profit)/loss on disposal of fixed assets | (3,553 | ) | 1,637 |  |

| Finance costs | 12,834 |  | 20,571 |  |

| Finance income | (5,012 | ) | (1,977 | ) |

1,137,265 |  | 1,241,311 |  |

| Decrease/(increase) in stocks | 38,024 |  | (40,688 | ) |

| Decrease in trade and other debtors | 398,340 |  | 557,646 |  |

| Decrease in trade and other creditors | (150,834 | ) | (492,348 | ) |

| Cash generated from operations | 1,422,795 |  | 1,265,921 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31st March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 1,367,630 |  | 1,222,040 |  |

| Year ended 31st March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 1,222,040 |  | 755,640 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank | 1,222,040 |  | 145,590 |  | 1,367,630 |  |

1,222,040 |  | 145,590 |  | 1,367,630 |  |

| Debt

| Finance leases | (76,879 | ) | 19,427 |  | (57,452 | ) |

| Debts falling due within 1 year | (124,999 | ) | 124,999 |  | - |  |

| Debts falling due after 1 year | (10,420 | ) | 10,420 |  | - |  |

(212,298 | ) | 154,846 |  | (57,452 | ) |

| Total | 1,009,742 |  | 300,436 |  | 1,310,178 |  |

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements

for the Year Ended 31st March 2025

1. | STATUTORY INFORMATION

| Baby Bottles (Wholesale) Limited is a private company, limited by shares , 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| Stock provision

| The company makes a specific provision for any out of date stock held at the year end.

| Bad debt provision

| The company's policy is to review any debts over 3 months old, to consider if a provision is required. Specific bad debt provisions will also be made on any further debts that are not recoverable.

| Overriders

| The company will recognise over rider income when the conditions have been met so the income is guaranteed.

| Turnover

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

| Revenue is recognized on an accruals basis in the accounts once the goods have been delivered and a sales invoice has been raised.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of business clients in 2019 is being amortised evenly over its estimated useful life of five years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website are being amortised evenly over their estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant & machinery | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Tangible fixed assets are recognized on the balance sheet once the asset has been brought into use and generates an economic benefit to the company. All tangible fixed assets are included at invoice cost less any accumulated depreciation and any accumulated impairment losses.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments include all financial assets, financial liabilities and equity instruments. Financial assets and financial liabilities, in respect of financial instruments, are recognised on the Company’s Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

| Financial assets

| Financial assets are classified into the following categories:

| • financial assets held at fair value through profit or loss;

| • loans and receivables.

| The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition.

| The Company’s principal financial assets are receivables and cash and cash equivalents.

| Receivables

| Trade and other receivables and other loans are stated at fair value plus any directly attributable transaction costs less principal payments and accumulated impairment losses.

| Receivables originated by the Company by providing goods or services directly to the customer are carried at fair value plus any directly attributable transaction costs amount less allowance for impairment. An allowance for impairment is established when there is objective evidence that the Company has incurred a loss and will not be able to collect all amounts due according to the original terms of the receivables. The amount of the allowance is the difference between the carrying amount and the recoverable amount.

| Cash and cash equivalents

| Cash and cash equivalents are measured at fair value based, where appropriate, at the relevant exchange rate at the reporting date. Cash and cash equivalents comprise cash on hand 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 changes in value.

| Initial recognition and measurement

| Financial assets are recognised and derecognised on trade-date where the purchase or sale of the financial asset is under a contract whose terms require delivery of the instrument within the time frame established by the market concerned.

| All financial assets are initially measured at fair value, including transaction costs except for those financial assets classified as at fair value through profit or loss which are initially measured at fair value, excluding transaction costs.

| The fair value of a financial instrument on initial recognition is normally the transaction price unless the fair value is evident from observable market data.

| Financial liabilities

| Financial liabilities are classified into the following categories:

| • financial liabilities at fair value through profit or loss;

| • financial liabilities held at amortised cost; or

| The classification depends on the nature and purpose of the financial liabilities and is determined at the time of initial recognition.

| The Company’s principal financial liabilities are payables and other short-term borrowings.

| Trade and other payables

| Trade and other payables are initially measured at fair value and are subsequently measured at amortised cost, using the effective interest rate method.

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

2. | ACCOUNTING POLICIES - continued

| Initial recognition and measurement

| All financial liabilities are initially measured at fair value, including directly attributable transaction costs except for those financial liabilities classified as at fair value through profit or loss, which are initially measured at fair value, excluding transaction costs.

| The fair value of a financial instrument on initial recognition is normally the transaction price unless the fair value is evident from observable market data.

| Offset

| Where a legally enforceable right of offset exists for recognised financial assets and financial liabilities and there is an intention to settle the liability and realise the asset simultaneously, or to settle on a net basis, all related financial effects are offset.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Confidential invoice discounting

| The Company has entered into an agreement with RBS Invoice Finance Limited for confidential invoice discounting. The amount owed to RBS at the year end is included within current liabilities.

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| All turnover is derived solely from the sale of goods in the United Kingdom.

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,433,391 |  | 2,497,798 |  |

| Social security costs | 36,728 |  | 27,138 |  |

| Other pension costs | 34,320 |  | 31,142 |  |

2,504,439 |  | 2,556,078 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Management & administration | 6 |  | 6 |  |

| Sales | 10 |  | 10 |  |

| Drivers & warehouse | 41 |  | 42 |  |

57 |  | 58 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 292,578 |  | 223,950 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 97,640 |  | 74,780 |  |

| The Directors received benefits in kind for the year of £28,165. (2024 £25,541)

| The Company contributed £180,000 (2024 £329,998) to the 3 director's defined contribution pension scheme.

| The highest paid director received the following remuneration

| £ |  |

| Remuneration including benefits in kind |  |  | 97,640 |  |

| Company contributions to a defined contribution scheme |  |  | 60,000 |  |

|  | 157,640 |  |

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Loan interest | 6,679 |  | 16,226 |  |

| Hire purchase interest | 6,155 |  | 4,345 |  |

12,834 |  | 20,571 |  |

6. | PROFIT BEFORE TAXATION

| The profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Other operating leases | 83,500 |  | 83,500 |  |

| Depreciation - owned assets | 77,375 |  | 69,002 |  |

| (Profit)/loss on disposal of fixed assets | (3,553 | ) | 1,637 |  |

| Goodwill amortisation | - |  | 3,000 |  |

| Website amortisation | 888 |  | 882 |  |

| Auditors' remuneration | 20,000 |  | 17,420 |  |

7. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 266,034 |  | 278,447 |  |

| Prior year adjustment | - |  | (120 | ) |

| Total current tax | 266,034 |  | 278,327 |  |

| Deferred tax | (3,669 | ) | 28,825 |  |

| Tax on profit | 262,365 |  | 307,152 |  |

| UK corporation tax has been charged at 25% (2024 - 25%).

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

7. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,054,733 |  | 1,148,196 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 263,683 |  | 287,049 |  |

| Effects of:

| Expenses not deductible for tax purposes | 1,765 |  | 4,534 |  |

| Capital allowances in excess of depreciation | (4,768 | ) | (18,448 | ) |

| Adjustments to tax charge in respect of previous periods | - |  | (120 | ) |

| Balancing charge | 5,354 |  | 5,312 |  |

| Deferred Tax | (3,669 | ) | 28,825 |  |

| Total tax charge | 262,365 |  | 307,152 |  |

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Dividend GBP 165.18 (GBP 160.10 2024) per share | 780,000 |  | 756,000 |  |

9. | INTANGIBLE FIXED ASSETS

| Goodwill |  | Website |  | Totals

£ | £ | £ |

| COST

| At 1st April 2024 | 41,972 |  | 4,410 |  | 46,382 |  |

| Additions | - |  | 5,250 |  | 5,250 |  |

| At 31st March 2025 | 41,972 |  | 9,660 |  | 51,632 |  |

| AMORTISATION

| At 1st April 2024 | 41,972 |  | 882 |  | 42,854 |  |

| Amortisation for year | - |  | 888 |  | 888 |  |

| At 31st March 2025 | 41,972 |  | 1,770 |  | 43,742 |  |

| NET BOOK VALUE

| At 31st March 2025 | - |  | 7,890 |  | 7,890 |  |

| At 31st March 2024 | - |  | 3,528 |  | 3,528 |  |

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

10. | TANGIBLE FIXED ASSETS

| Short |  | Plant & |  | Motor |

| leasehold |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1st April 2024 | 141,995 |  | 226,992 |  | 493,589 |  | 862,576 |  |

| Additions | - |  | 18,763 |  | 68,694 |  | 87,457 |  |

| Disposals | - |  | - |  | (77,083 | ) | (77,083 | ) |

| At 31st March 2025 | 141,995 |  | 245,755 |  | 485,200 |  | 872,950 |  |

| DEPRECIATION

| At 1st April 2024 | 141,994 |  | 195,688 |  | 228,863 |  | 566,545 |  |

| Charge for year | - |  | 8,195 |  | 69,180 |  | 77,375 |  |

| Eliminated on disposal | - |  | - |  | (59,219 | ) | (59,219 | ) |

| At 31st March 2025 | 141,994 |  | 203,883 |  | 238,824 |  | 584,701 |  |

| NET BOOK VALUE

| At 31st March 2025 | 1 |  | 41,872 |  | 246,376 |  | 288,249 |  |

| At 31st March 2024 | 1 |  | 31,304 |  | 264,726 |  | 296,031 |  |

11. | STOCKS

2025 | 2024 |

£ | £ |

| Goods for resale | 1,154,676 |  | 1,192,700 |  |

12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,494,835 |  | 1,919,905 |  |

| Other debtors | - |  | 11,511 |  |

| Prepayments | 341,688 |  | 303,447 |  |

1,836,523 |  | 2,234,863 |  |

13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 15) | - |  | 124,999 |  |

| Hire purchase contracts (see note 16) | 25,233 |  | 26,704 |  |

| Trade creditors | 1,899,790 |  | 1,937,564 |  |

| Social security and other taxes | 111,666 |  | 189,841 |  |

| Other creditors | 63,909 |  | 56,928 |  |

| Corporation tax | 266,034 |  | 278,447 |  |

| Director's current account | 607,449 |  | 631,195 |  |

| Accruals | 239,682 |  | 242,602 |  |

3,213,763 |  | 3,488,280 |  |

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 15) | - |  | 10,420 |  |

| Hire purchase contracts (see note 16) | 32,219 |  | 50,175 |  |

32,219 |  | 60,595 |  |

15. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loan | - |  | 124,999 |  |

| Amounts falling due between one and two years:

| Bank loan | - |  | 10,420 |  |

16. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 25,233 |  | 26,704 |  |

| Between one and five years | 32,219 |  | 50,175 |  |

57,452 |  | 76,879 |  |

17. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase | 57,452 |  | 76,879 |  |

| Bank loan | - |  | 135,419 |  |

57,452 |  | 212,298 |  |

| Hire purchase debts are secured on the assets the debt relates to.

| Bank loans and overdrafts

| National Westminster Bank plc & RBS Invoice Finance Limited have a fixed and floating charge over the companies assets.

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

18. | FINANCIAL INSTRUMENTS

| The Company’s activities expose it to a variety of financial risks. The Company’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of the Company.

| The Company has exposure to the following risks from its use of financial instruments:

| - liquidity risk

| - market risk

| This note presents information about the Company’s exposure to each of the above risks, the Company’s objectives, policies and processes for measuring and managing risk, and the Company’s management of capital.

| The Company's directors have overall responsibility for the establishment and oversight of the Company’s risk management framework.

| The Company’s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Company, through its training and management standards and procedures, aims to develop a disciplined and constructive control environment in which all employees understand their roles and obligations.

| Liquidity Risk

| Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

| Typically the Company ensures that it has sufficient cash available, as well as lines of credit, to meet expected operational expenses, including the servicing of financial obligations. The Company endeavours to mitigate the potential negative impacts of extreme circumstances that cannot reasonably be predicted such as major catastrophes like business interruption and public liability. As far as possible these risks are mitigated through short term insurance policies however the costs associated with such cover are critically evaluated.

| Market Risk

| Market risk is the risk that changes in market prices, such as interest rates will affect the Company’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return on risk.

19. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 67,856 |  | 71,525 |  |

| Deferred |

| tax |

£ |

| Balance at 1st April 2024 | 71,525 |  |

| Accelerated capital allowance | (3,669 | ) |

| Balance at 31st March 2025 | 67,856 |  |

| Baby Bottles (Wholesale) Limited (Registered number: 02066649) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

20. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 5,361 | Ordinary | £1 | 4,722 |  | 4,722 |  |

| All shares carry full voting rights, rights to dividends and rights in respect of capital distributions.

21. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1st April 2024 | 1,291,612 |  | 32,428 |  | 1,324,040 |  |

| Profit for the year | 792,368 |  | 792,368 |  |

| Dividends | (780,000 | ) | (780,000 | ) |

| At 31st March 2025 | 1,303,980 |  | 32,428 |  | 1,336,408 |  |

22. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| Mr M Garnett |  | £ |  |

| Money withdrawn |  |  | 268,444 |  |

| Mr K Harding |  | £ |  |

| Money withdrawn |  |  | 267,315 |  |

| Mr A Wright |  | £ |  |

| Money withdrawn |  |  | 228,987 |  |

| No Interest was payable on the directors loan accounts during the year.

23. | RELATED PARTY DISCLOSURES

| In the year the company paid rent of £83,500 (2024 £83,500) to the Directors and former directors pension scheme.

| The Directors received dividend payments during the year of £741,000 (2024 £718,200)

| During the year the company traded with Superior Wines & Spirits Limited, which is a company owned by the Directors. At the 31st March 2025 the company was owed £Nil. (2024 £89,792).

| The company has loaned Superior Wines & Spirits Limited £Nil (2024 £11,511).