IZMI Baby Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

IZMI Baby Limited

Company Information

Director

H Wallace

Registered office

7 Bell Yard London WC2A 2JR

Accountants

Edwards & Keeping Limited Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
IZMI Baby Limitedfor the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IZMI Baby Limited for the year ended 31 December 2025 as set out on pages 3 to 8 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 IZMI Baby Limited, as a body, in accordance with the terms of our engagement letter dated 22 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of IZMI Baby Limited and state those matters that we have agreed to state to the Board of Directors of IZMI Baby 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 IZMI Baby Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that IZMI Baby 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 loss of IZMI Baby Limited. You consider that IZMI Baby 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 IZMI Baby 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.

Edwards & Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

20 July 2026

IZMI Baby Limited

(Registration number: 15434766)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	2,425	3,224
Tangible assets	5	239	298
		2,664	3,522
Current assets
Stocks	6	51,247	21,741
Debtors	7	55,260	26,106
Cash at bank and in hand		20,784	7,980
		127,291	55,827
Creditors: Amounts falling due within one year	8	(211,134)	(123,173)
Net current liabilities		(83,843)	(67,346)
Net liabilities		(81,179)	(63,824)
Capital and reserves
Called up share capital		100	100
Retained earnings		(81,279)	(63,924)
Shareholders' deficit		(81,179)	(63,824)

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 July 2026
 

H Wallace
Director

IZMI Baby Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

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:
7 Bell Yard
London
WC2A 2JR

These financial statements were authorised for issue by the director on 20 July 2026.

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 that as disclosed in the accounting policies certain items are shown at fair value. The accounts are presented in sterling and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis despite the net liability position shown on the Balance Sheet as at 31 December 2025. The director has confirmed continued support of the company to enable it to continue trading for the foreseeable future.

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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
Office equipment	20% Straight Line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

IZMI Baby Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

Asset class	Amortisation method and rate
Other intangible assets	20% 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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 subsequently measured at amortised cost using the effective interest method.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 1).

IZMI Baby Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2025	4,022	4,022
At 31 December 2025	4,022	4,022
Amortisation
At 1 January 2025	798	798
Amortisation charge	799	799
At 31 December 2025	1,597	1,597
Carrying amount
At 31 December 2025	2,425	2,425
At 31 December 2024	3,224	3,224

IZMI Baby Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

5	Tangible assets

	Office equipment  £	Total £
Cost
At 1 January 2025	358	358
At 31 December 2025	358	358
Depreciation
At 1 January 2025	60	60
Charge for the year	59	59
At 31 December 2025	119	119
Carrying amount
At 31 December 2025	239	239
At 31 December 2024	298	298

6

Stocks

	2025 £	2024 £
Other inventories	51,247	21,741

7

Debtors

Current	2025 £	2024 £
Prepayments	10,676	6,759
Other debtors	44,584	19,347
	55,260	26,106

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	885	1,562
Taxation and social security	64	3,460
Accruals	25,144	13,811
Other creditors	185,041	104,340
	211,134	123,173

IZMI Baby Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025

9	Related party transactions

Transactions with the director

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
H Wallace
Directors Loan Account. (Interest charged at 3.23% above bank of England base rate)	(15,398)	71	(32,615)	(47,942)

2024	At 23 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
H Wallace
Directors Loan Account. (Interest charged at 3.23% above bank of England base rate)	-	70	(15,468)	(15,398)

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	2,000	-

Summary of transactions with entities with joint control or significant interest

 

Wear My Baby Limited (Company number 10347080)

H Wallace (director) is also a director of Wear My Baby Limited.

Included in Other Creditors (note 9 to the financial statements) is £63,281 owing to Wear My Baby Limited. Interest charged at 3.23% above bank of England base rate.
During the year expenses of £2,729 were recharged from Wear My Baby Limited to IZMI Baby Limited.

Cheeky Rascals Limited (Company number 03933118)

A company which has significant interest.

Included in Other Creditors (note 9 to the financial statements) is £73,818 owing to Cheeky Rascals Limited. Interest charged at 3.23% above bank of England base rate. During the year the company made sales of £183,925 to Cheeky Rascals Limited and purchases from Cheeky Rascals Limited of £111,071.