International Life-Saving Appliance Manufacturers' Association

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 06675169

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		695		927

			695		927
CURRENT ASSETS
Cash at bank and in hand		282,786		311,926

		282,786		311,926
Creditors: Amounts Falling Due Within One Year	5	(32,385 )		(39,099 )

NET CURRENT ASSETS (LIABILITIES)			250,401		272,827

TOTAL ASSETS LESS CURRENT LIABILITIES			251,096		273,754

NET ASSETS			251,096		273,754

Income and Expenditure Account			251,096		273,754

MEMBERS' FUNDS			251,096		273,754

For the 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.

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr S Baumann Rasmussen

Director

21/01/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

International Life-Saving Appliance Manufacturers' Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 06675169 . The registered office is St James' Hall, Mill Road, Lancing, West Sussex, BN15 0PT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents the net amounts charged to members for subscriptions for the accounting period, excluding value added tax.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

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

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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International Life-Saving Appliance Manufacturers' Association

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	407	6,134	6,541

As at 31 December 2025	407	6,134	6,541

Depreciation
As at 1 January 2025	403	5,211	5,614
Provided during the period	1	231	232

As at 31 December 2025	404	5,442	5,846

Net Book Value
As at 31 December 2025	3	692	695

As at 1 January 2025	4	923	927

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	30,426	38,500
Taxation and social security	1,959	599

	32,385	39,099

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every Member of the Association undertakes to contribute to the assets of the Association in the event of its being wound up while he is a Member or within one year afterwards for payment of the debts and liabilities of the Association contracted before he ceases to be a Member and the costs, charges and expenses of winding up and for the adjustment of the rights of contributories among themselves such amount as may be required not exceeding £1.

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