ACCOUNTS - Final Accounts

Registered number: 07211061

RUNNING WITH CRAYONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

RUNNING WITH CRAYONS LIMITED

COMPANY INFORMATION

Directors	A Pepperrell
	V Pepperrell


Company secretary	V Pepperrell


Registered number	07211061


Registered office	Lakin Rose Limited
	Cambridge House
	Camboro Business Park
	Girton
	Cambridge
	CB3 0QH


Accountants	Lakin Rose Limited
	Chartered Accountants
	Cambridge House
	Camboro Business Park
	Girton
	Cambridge
	CB3 0QH

RUNNING WITH CRAYONS LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 7

RUNNING WITH CRAYONS LIMITED

REGISTERED NUMBER: 07211061

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		115,949		18,626
			115,949		18,626
Current assets
Debtors: amounts falling due within one year	5	25,821		36,266
Cash at bank and in hand		877,755		991,369
		903,576		1,027,635
Creditors: amounts falling due within one year	6	(81,405)		(97,187)
Net current assets			822,171		930,448
Total assets less current liabilities			938,120		949,074
Provisions for liabilities
Deferred tax		(6,530)		(4,657)
			(6,530)		(4,657)
Net assets			931,590		944,417

Capital and reserves
Called up share capital	100	100
Profit and loss account	931,490	944,317
	931,590	944,417

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

RUNNING WITH CRAYONS LIMITED

REGISTERED NUMBER: 07211061

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 December 2025.

V Pepperrell

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

RUNNING WITH CRAYONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The company is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Lakin Rose Limited, Cambridge House, Camboro Business Park, Girton, Cambridge, CB3 0QH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Investment income
Interest income from listed investments is recognised using the effective interest rate method.
Dividend income from listed investments is recognised on the date at which the right to receive payment is established.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

RUNNING WITH CRAYONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (CONTINUED)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery	-	20% straight line
Fixtures & fittings	-	33% straight line
Office equipment	-	33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

RUNNING WITH CRAYONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (CONTINUED)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Research and Development

Research and Development expenditure is written off in the year in which it is incurred.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 5

RUNNING WITH CRAYONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Plant & machinery
		£
	Cost or valuation
	At 1 April 2024	111,899
	Additions	117,550
	Disposals	(799)
	At 31 March 2025	228,650
	Depreciation
	At 1 April 2024	93,273
	Charge for the year on owned assets	19,912
	Disposals	(484)
	At 31 March 2025	112,701
	Net book value
	At 31 March 2025	115,949
	At 31 March 2024	18,626

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	249	-
Other debtors	7,732	2,672
Prepayments and accrued income	17,840	33,594
	25,821	36,266

Page 6

RUNNING WITH CRAYONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	14,413	540
Corporation tax	46,776	70,448
Other creditors	7,468	3,502
Accruals and deferred income	12,748	22,697
	81,405	97,187

7.	Financial instruments
		2025	2024
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	877,755	991,369

Financial assets measured at fair value through profit or loss comprise cash balances.

8.	Pension commitments

The company makes contributions to the personal pension schemes of the directors. The pension cost charge represents contributions payable by the company to the fund and amounted to £126,667 (2024 - £120,000). There were no unpaid contributions at the year end (2024 - £nil).

9.	Parent undertaking

The company's parent undertaking is Epic Squib Limited, whose registered office is Cambridge House, Camboro Business Park, Girton, Cambridge, CB3 0QH.

Page 7