The Selkie Collective Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC686304

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		185		1,059

			185		1,059
CURRENT ASSETS
Stocks	5	8,232		7,792
Cash at bank and in hand		5,799		9,647

		14,031		17,439
Creditors: Amounts Falling Due Within One Year	6	(12,839 )		(15,228 )

NET CURRENT ASSETS (LIABILITIES)			1,192		2,211

TOTAL ASSETS LESS CURRENT LIABILITIES			1,377		3,270

NET ASSETS			1,377		3,270

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			1,277		3,170

SHAREHOLDERS' FUNDS			1,377		3,270

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The Selkie Collective Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 Profit and Loss Account.

On behalf of the board

Mrs Amy Bentall

Director

28/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Selkie Collective Limited is a private company, limited by shares, incorporated in Scotland, registered number SC686304 . The registered office is The Selkie Collective, Shore Road, Broadford, Isle Of Skye, IV49 9AB.

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 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 and from the rendering of services. 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Plant & Machinery

25% straight line

2.4. 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.

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

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The Selkie Collective Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 February 2025	14,897

As at 31 January 2026	14,897

Depreciation
As at 1 February 2025	13,838
Provided during the period	874

As at 31 January 2026	14,712

Net Book Value
As at 31 January 2026	185

As at 1 February 2025	1,059

5. Stocks

	2026	2025
	£	£
Stock	8,232	7,792

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	6,224	7,373
Other loans	4,000	4,000
Other creditors	2,519	3,232
Taxation and social security	96	623

	12,839	15,228

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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