Crazy Goat Co Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Crazy Goat Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08659623 . The registered office is 3rd Floor , 86-90 Paul Street, London, EC2A 4NE.

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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

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Crazy Goat Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.4. 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:

Leasehold	10% straight line
Plant & Machinery	20% at cost
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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Crazy Goat Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

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.

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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2024: 25)

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Crazy Goat Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	35,000

As at 31 August 2025	35,000

Amortisation
As at 1 September 2024	35,000

As at 31 August 2025	35,000

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	50,416	105,993	85,901	27,832	270,142

As at 31 August 2025	50,416	105,993	85,901	27,832	270,142

Depreciation
As at 1 September 2024	13,619	41,100	64,788	24,538	144,045
Provided during the period	5,042	21,198	5,278	823	32,341

As at 31 August 2025	18,661	62,298	70,066	25,361	176,386

Net Book Value
As at 31 August 2025	31,755	43,695	15,835	2,471	93,756

As at 1 September 2024	36,797	64,893	21,113	3,294	126,097

6. Stocks

	2025	2024
	£	£
Stock	33,500	22,485

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Crazy Goat Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	30,286	45,349
Amounts owed by participating interests	73,680	47,221
Other debtors	17,756	23,197

	121,722	115,767

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	105,688	107,614
Bank loans and overdrafts	47,386	32,272
Amounts owed to participating interests	156,827	142,088
Other creditors	42,385	11,279
Taxation and social security	41,824	45,805

	394,110	339,058

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

	2025	2024
	£	£
Bank loans	-	15,954

The bank loan is repayable in instalments over 6 years. The loan is guaranteed by the government and carries an interest of 2.5%.

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	255	255

11. Related Party Transactions

Included within Other Creditors is an amount of £31,105 (2024: £1,987 owed) due to Dan Capel. This balance represents an interest‑free loan provided to the company. The loan is unsecured and repayable on demand.

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr D Capel by virtue of his ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		93,756		126,097

			93,756		126,097
CURRENT ASSETS
Stocks	6	33,500		22,485
Debtors	7	121,722		115,767
Cash at bank and in hand		28,162		19,705

		183,384		157,957
Creditors: Amounts Falling Due Within One Year	8	(394,110 )		(339,058 )

NET CURRENT ASSETS (LIABILITIES)			(210,726 )		(181,101 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(116,970 )		(55,004 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(15,954 )

NET LIABILITIES			(116,970 )		(70,958 )

CAPITAL AND RESERVES
Called up share capital	10		255		255
Profit and Loss Account			(117,225 )		(71,213 )

SHAREHOLDERS' FUNDS			(116,970)		(70,958)