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REGISTERED NUMBER: SC446578 (Scotland)

THE CRAFTY KIT COMPANY LTD

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

Page |

Company Information | 1 |

Report of the Director | 2 |

Chartered Certified Accountants' Report | 3 |

Income Statement | 4 |

Balance Sheet | 5 |

Statement of Changes in Equity | 7 |

Notes to the Financial Statements | 8 |

THE CRAFTY KIT COMPANY LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST AUGUST 2025

| DIRECTOR: | J S Lochhead

| REGISTERED OFFICE: | Unit 7 Prora Steading

| Drem

| North Berwick

| East Lothian

| EH39 5LN

| REGISTERED NUMBER: | SC446578 (Scotland)

| ACCOUNTANTS: | russell + russell

| Chartered Certified Accountants

| 4 Royal Crescent

| Glasgow

| G3 7SL

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31ST AUGUST 2025

The director presents her report with the financial statements of the company for the year ended 31st August 2025.

DIRECTOR

J S Lochhead held office during the whole of the period from 1st September 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J S Lochhead - Director

17th March 2026

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

THE CRAFTY KIT COMPANY LTD

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Crafty Kit Company Ltd for the year ended 31st August 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of The Crafty Kit Company Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Crafty Kit Company Ltd and state those matters that we have agreed to state to the director of The Crafty Kit Company Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that The Crafty Kit Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Crafty Kit Company Ltd. You consider that The Crafty Kit Company Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Crafty Kit Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

17th March 2026

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

INCOME STATEMENT

FOR THE YEAR ENDED 31ST AUGUST 2025

| 31.8.25 |  | 31.8.24

| Notes | £ | £ |

TURNOVER | 646,597 |  | 744,806 |  |

Cost of sales | 330,532 |  | 380,104 |  |

GROSS PROFIT | 316,065 |  | 364,702 |  |

Operating and administrative expenses | 373,585 |  | 332,195 |  |

(57,520 | ) | 32,507 |  |

Other operating income | 11,206 |  | 7,416 |  |

OPERATING (LOSS)/PROFIT | 4 | (46,314 | ) | 39,923 |  |

Interest receivable and similar income | 212 |  | 535 |  |

(46,102 | ) | 40,458 |  |

Interest payable and similar expenses | 7 |  | - |  |

(LOSS)/PROFIT BEFORE TAXATION | (46,109 | ) | 40,458 |  |

Tax on (loss)/profit | 5 | (8,938 | ) | 7,598 |  |

(LOSS)/PROFIT FOR THE FINANCIAL YEAR | (37,171 | ) | 32,860 |  |

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

BALANCE SHEET

31ST AUGUST 2025

| 31.8.25 | 31.8.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 6 | - |  | - |  |

Tangible assets | 7 | 6,015 |  | 15,150 |  |

6,015 |  | 15,150 |  |

CURRENT ASSETS

Stocks | 76,784 |  | 90,500 |  |

Debtors | 8 | 107,094 |  | 63,466 |  |

Cash at bank | 22,173 |  | 119,365 |  |

206,051 |  | 273,331 |  |

CREDITORS

Amounts falling due within one year | 9 | 132,391 |  | 159,863 |  |

NET CURRENT ASSETS | 73,660 |  | 113,468 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 79,675 |  | 128,618 |  |

PROVISIONS FOR LIABILITIES | 1,143 |  | 2,914 |  |

NET ASSETS | 78,532 |  | 125,704 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 1 |  | 1 |  |

Retained earnings | 78,531 |  | 125,703 |  |

SHAREHOLDERS' FUNDS | 78,532 |  | 125,704 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

BALANCE SHEET - continued

31ST AUGUST 2025

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

The financial statements were approved by the director and authorised for issue on 17th March 2026 and were signed by:

J S Lochhead - Director

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST AUGUST 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1st September 2023 | 1 |  | 130,344 |  | 130,345 |  |

Changes in equity

Dividends | - |  | (37,501 | ) | (37,501 | ) |

Total comprehensive income | - |  | 32,860 |  | 32,860 |  |

Balance at 31st August 2024 | 1 |  | 125,703 |  | 125,704 |  |

Changes in equity

Dividends | - |  | (10,001 | ) | (10,001 | ) |

Total comprehensive income | - |  | (37,171 | ) | (37,171 | ) |

Balance at 31st August 2025 | 1 |  | 78,531 |  | 78,532 |  |

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

1. | STATUTORY INFORMATION

| The Crafty Kit Company Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Development costs are being amortised evenly over their estimated useful life of three years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Furniture & fittings |  | - 33% straight line |  |

| Computer equipment |  | - 33% straight line |  |

| Improvements to property |  | - 10% straight line |  |

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| 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.

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 8 ) .

4. | OPERATING (LOSS)/PROFIT

| The operating loss (2024 - operating profit) is stated after charging:

| 31.8.25 |  | 31.8.24

£ | £ |

| Depreciation - owned assets | 10,132 |  | 11,484 |  |

5. | TAXATION

| Analysis of the tax (credit)/charge

| The tax (credit)/charge on the loss for the year was as follows:

| 31.8.25 |  | 31.8.24

£ | £ |

| Current tax:

| UK corporation tax | (7,050 | ) | 9,800 |  |

| (Over)/under provision prior year | (117 | ) | (32 | ) |

| Total current tax | (7,167 | ) | 9,768 |  |

| Deferred tax | (1,771 | ) | (2,170 | ) |

| Tax on (loss)/profit | (8,938 | ) | 7,598 |  |

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST AUGUST 2025

6. | INTANGIBLE FIXED ASSETS

| Development

| costs

£ |

| COST

| At 1st September 2024

| and 31st August 2025 | 3,592 |  |

| AMORTISATION

| At 1st September 2024

| and 31st August 2025 | 3,592 |  |

| NET BOOK VALUE

| At 31st August 2025 | - |  |

| At 31st August 2024 | - |  |

7. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st September 2024 | 22,815 |  | 16,836 |  | 39,651 |  |

| Additions | 997 |  | - |  | 997 |  |

| Disposals | (250 | ) | - |  | (250 | ) |

| At 31st August 2025 | 23,562 |  | 16,836 |  | 40,398 |  |

| DEPRECIATION

| At 1st September 2024 | 16,035 |  | 8,466 |  | 24,501 |  |

| Charge for year | 6,374 |  | 3,758 |  | 10,132 |  |

| Eliminated on disposal | (250 | ) | - |  | (250 | ) |

| At 31st August 2025 | 22,159 |  | 12,224 |  | 34,383 |  |

| NET BOOK VALUE

| At 31st August 2025 | 1,403 |  | 4,612 |  | 6,015 |  |

| At 31st August 2024 | 6,780 |  | 8,370 |  | 15,150 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade debtors | 71,630 |  | 49,368 |  |

| Other debtors | 35,464 |  | 14,098 |  |

107,094 |  | 63,466 |  |

THE CRAFTY KIT COMPANY LTD (REGISTERED NUMBER: SC446578)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST AUGUST 2025

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans and overdrafts (see note 10) | 21,094 |  | - |  |

| Trade creditors | 19,102 |  | 30,002 |  |

| Taxation and social security | 22,390 |  | 32,007 |  |

| Other creditors | 69,805 |  | 97,854 |  |

132,391 |  | 159,863 |  |

10. | LOANS

| An analysis of the maturity of loans is given below:

| 31.8.25 |  | 31.8.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 21,094 |  | - |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.8.25 |  | 31.8.24

| value: | £ | £ |

| 1 | Ordinary | 1 | 1 |  | 1 |  |

12. | ULTIMATE CONTROLLING PARTY

| The company was under the control of J Lochhead throughout the current and previous year.