Thanks all, some good tips there.
Bunnies, I like the idea of identical or shared presents, stupidly I hadn't even thought about that. That's sweet of you with the clothing labels!
Sabriel, you're right about new stuff coming out. I think we'll have a similar scenario with the clothes, especially things like dresses, which only need to fit at the top. We might like another dc at some point, but you're right of course about getting rid of the stuff as the youngest finishes playing with it.
Santa, consumables a great idea! Dd1 got a few sticker books, colouring books & pencils this year, so they won't hang around too long.
I actually had a good sort out last night, after the children were in bed. I've sorted out a few unpopular toys to get rid of, put stuff dd1 has grown out of, but that isn't yet suitable for dd2, upstairs, & I've put most of the new stuff in appropriate places, so feeling more organised now! I think when you have a room full of wrapping paper & packaging, it looks horrendous, but once that's all tidied away, it seems more manageable.
Thinking about it, as a child, we only really had presents from my parents, one aunt & one grandparent, whereas our dds have us, 2 sets of grandparents, 2 aunts & uncles, cousins & friends of ours, so I think in future, it would make sense to keep this in mind.
Not sure why I'm wittering on about this on my own thread, so I'll go now!