Simple Crafts Limited

Simple Crafts Limited is a small, active company registered in Scotland with the registration number SC747171. Founded two years ago on October 12, 2022, and based at 49 Silvergrove Street, Glasgow, it operates an e-commerce site selling art and craft supplies. The company employs just one person and has a single director and owner, Shah Ibrahim Ali. It’s a real address, as only two companies are registered there.

The website, simply4crafts.com, showcases a vast range of products, from artist paints and pencils to craft kits, Lego sets, and even coffee machines. It’s a one-stop shop, really, with categories spanning art supplies, card making, printmaking, toys, and office equipment. The site has a lot of products, and it’s well-organized, with a search function and clear product descriptions. It's a busy site.

Financially, Simple Crafts Limited is a small operation. Current assets are reported at £2,000, and net assets are £1,300. Bank borrowings are a modest £1,000. Losses increased to -£1,000. Trade debtors rose by 100%, which could mean they are extending credit to customers. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited. It's a little concerning that the equity is zero.

While the e-commerce site seems to be doing well, the financials suggest a tight budget. Whether the company can sustain its growth and profitability remains to be seen.

Registered in Scotland under the registration number SC747171, with a registered address at G40 1DE, Scotland, Glasgow, 49 Silvergrove Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.