Saltee Skincare Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 11284631

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,200		3,299

			2,200		3,299
CURRENT ASSETS
Stocks	6	130,918		199,858
Debtors	7	24,981		64,879
Cash at bank and in hand		11,951		78,845

		167,850		343,582
Creditors: Amounts Falling Due Within One Year	8	(8,144 )		(55,964 )

NET CURRENT ASSETS (LIABILITIES)			159,706		287,618

TOTAL ASSETS LESS CURRENT LIABILITIES			161,906		290,917

NET ASSETS			161,906		290,917

CAPITAL AND RESERVES
Called up share capital	9		2		2
Share premium account			1,811,307		1,811,307
Income Statement			(1,649,403 )		(1,520,392 )

SHAREHOLDERS' FUNDS			161,906		290,917

Page 1

Page 2

Saltee Skincare Limited

Statement of Financial Position (continued)

As At 31 December 2025

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 Statement.

On behalf of the board

Mr Patrick McGuirk

Director

16/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Saltee Skincare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11284631 . The registered office is 1st Floor, 11-15 High Streed, Marlow, SL7 1AU.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Research and Development

The development costs will be amortised against the sales of the product over ten years.

2.5. 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:

Plant & Machinery	Straight line over 4 years
Computer Equipment	Straight line over 3 years

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 3)

Page 3

Page 4

Saltee Skincare Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2025	10,994

As at 31 December 2025	10,994

Amortisation
As at 1 January 2025	7,695
Impairment losses	1,099

As at 31 December 2025	8,794

Net Book Value
As at 31 December 2025	2,200

As at 1 January 2025	3,299

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	1,473	2,695	4,168

As at 31 December 2025	1,473	2,695	4,168

Depreciation
As at 1 January 2025	1,473	2,695	4,168

As at 31 December 2025	1,473	2,695	4,168

Net Book Value
As at 31 December 2025	-	-	-

As at 1 January 2025	-	-	-

6. Stocks

	2025	2024
	£	£
Stock	130,918	199,858

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,896	42,013
Other debtors	22,085	22,866

	24,981	64,879

Included within other debtors is the loan to director (Mr. Patrick McGuirk) of £17,907 and (Mr. Samuel Richardson) of £936.

Page 4

Page 5

Saltee Skincare Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,464	720
Other creditors	6,674	45,023
Taxation and social security	6	10,221

	8,144	55,964

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	7,292	12,500
Later than one year and not later than five years	-	7,292

	7,292	19,792

Page 5