Katy Craig Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07352401

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		568		377
Tangible Assets	5		6,552		8,282

			7,120		8,659
CURRENT ASSETS
Stocks	6	125,507		117,905
Debtors	7	232,009		251,918
Cash at bank and in hand		13,633		32,474

		371,149		402,297
Creditors: Amounts Falling Due Within One Year	8	(18,122 )		(22,369 )

NET CURRENT ASSETS (LIABILITIES)			353,027		379,928

TOTAL ASSETS LESS CURRENT LIABILITIES			360,147		388,587

Creditors: Amounts Falling Due After More Than One Year	9		-		(9,913 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,245 )		(1,756 )

NET ASSETS			358,902		376,918

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			358,901		376,917

SHAREHOLDERS' FUNDS			358,902		376,918

Page 1

Page 2

Katy Craig Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

Miss Katy Craig

Director

28/04/2026

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

1. General Information

Katy Craig Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07352401 . The registered office is Henry Morgan House, Industry Road, Carlton, Barnsley, South Yorkshire, S71 3PQ.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are trademarks. It is amortised to profit and loss account over its estimated economic life of 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 - 50% on cost, 25% on cost and 25% on reducing balance

Fixtures & Fittings - 50% on cost, 25% on cost and 25% on reducing balance

Computer Equipment - 50% on cost, 33.3% on cost, 25% on cost and 25% on reducing balance

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. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Katy Craig Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 2)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 September 2024	100,000	800	100,800
Additions	-	250	250

As at 31 August 2025	100,000	1,050	101,050

Amortisation
As at 1 September 2024	100,000	423	100,423
Provided during the period	-	59	59

As at 31 August 2025	100,000	482	100,482

Net Book Value
As at 31 August 2025	-	568	568

As at 1 September 2024	-	377	377

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	2,650	5,802	12,015	20,467
Additions	602	483	882	1,967
Disposals	-	-	(729 )	(729 )

As at 31 August 2025	3,252	6,285	12,168	21,705

Depreciation
As at 1 September 2024	589	5,055	6,541	12,185
Provided during the period	642	261	2,521	3,424
Disposals	-	-	(456 )	(456 )

As at 31 August 2025	1,231	5,316	8,606	15,153

Net Book Value
As at 31 August 2025	2,021	969	3,562	6,552

As at 1 September 2024	2,061	747	5,474	8,282

Page 4

Page 5

Katy Craig Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Stocks

	2025	2024
	£	£
Stock	125,507	117,905

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	35	32
Due after more than one year
Other debtors	231,974	251,886

	232,009	251,918

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,662	189
Bank loans and overdrafts	9,677	10,031
Other creditors	1,183	1,041
Taxation and social security	5,600	11,108

	18,122	22,369

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	9,913

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

Page 5