UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                 Washington, D.C. 20549
                        FORM 10-QSB

[X] Quarterly Report under Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the quarterly period ended September 30, 2004

[ ] Transition report under Section 13 or 15(d) of the Exchange Act
For the transition period from ---- to -----


            Crafty Admiral Enterprises, Ltd.
   --------------------------------------------------
  (Exact name of registrant as specified in its charter)

       Nevada                            88-0455809
--------------------------------      ------------------
(State or other jurisdiction          (I.R.S. Employer
of incorporation or organization      Identification No.)


  Suite 601 - 1383 Marinaside Crescent
       Vancouver, BC, Canada                       V6Z 2W9
-----------------------------------------------    -------
(Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code: (604) 612-4847

     1608 Yew Street #403, Vancouver, B.C. Canada       V6K 3B7
------------------------------------------------------------------
Former Name, Address and Fiscal Year, if Changed Since Last Report

Check whether the issuer: (1) filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past 12 months
(or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes X No

The number of shares outstanding of the registrant's common stock as
of September 30, 2004 was 21,000,000. Registrant's original registration
statement on Form 10SB and all exhibits thereto, filed under SEC
File Number 0-49725, are incorporated herein by reference.

Registrant's common stock is listed for trading on the Pink Sheets
under the symbol, CFYA.

                                1

<PAGE>

PART I

Financial Information
---------------------

Item 1.  Financial Information

The consolidated financial statements for Crafty Admiral Enterprises,
Ltd. (the Company) included herein are unaudited but reflect, in
management's opinion, all adjustments, consisting only of normal
recurring adjustments, that are necessary for a fair presentation
of the Company's financial position and the results of its operations
for the interim periods presented.  Because of the nature of the
Company's business, the results of operations for the six months
ended September 30, 2004 are not necessarily indicative of the results
that may be expected for the full fiscal year.  The financial
statements included herein should be read in conjunction with the
financial statements and notes thereto included in the Form 10KSB
for the year ended December 31, 2003.























                                  2
<PAGE>


<TABLE><CAPTION>
                       Crafty Admiral Enterprises, Ltd.
                        (A Development Stage Company)
                                Balance Sheet

                              ASSETS
                              ------
                                         September 30  December 31
                                             2004          2003
                                             ----          ----
                                          (Unaudited)   (Audited)
<S>                                           <C>          <C>
Current Assets
--------------
Cash                                       $  9,973     $ 16,320
                                           --------     --------
Total Current Assets                          9,973       16,320
                                           --------     --------
Total Assets                               $  9,973     $ 16,320
                                           ========     ========
                            LIABILITIES
                            -----------
Current Liabilities
-------------------
Accounts Payable                                  -           -
Officer Advances                              2,298        2,298
                                           --------     --------
Total Current Liabilities                     2,298        2,298
                                           --------     --------
Total Liabilities                             2,298        2,298

Commitments and Contingencies                     -            -

                        STOCKHOLDERS' EQUITY
                        --------------------
Common Stock                                 21,000        7,000
 50,000,000 authorized preferred
 shares, par value $.001
 21,000,000 shares issues and outstanding

Additional Paid-In-Capital                   29,000       43,000
Accumulated Deficit during the
Development Period                          (42,325)     (35,978)
                                           --------     --------
Total Stockholders' Equity (Deficit)          7,675       14,022
                                           --------     --------
Total Liabilities and Stockholders'Equity  $  9,973     $ 16,320
                                           ========     ========

</TABLE>
The accompanying notes are integral part of the consolidated
financial statements.

                               3
<PAGE>
<TABLE><CAPTION>

           Crafty Admiral Enterprises, Ltd.
            (A Development Stage Company)
               Statement of Operations
                     (Unaudited)
                              ------------------------------
                                 For the Three Months Ended
                                       September 30
                              ------------------------------
                                  2004              2003
                              ==============   =============
<S>                               <C>               <C>
Revenues:
---------
Revenues                                  -               -
                              -------------    ------------
 Total Revenues               $           -    $          -

Expenses:
---------
Professional Fees                     3,390           2,596
Operating Expenses                        9              13
                              -------------    ------------
 Total Expenses                       3,399           2,609
 Net Income before Taxes      $      (3,399)    $    (2,609)

Provision for Income Taxes:
---------------------------
Income Tax Benefit                        -               -
 Net Income (Loss)            $      (3,399)    $    (2,609)
                              =============    =============
Basic and Diluted Earnings
Per Common Share                   (0.0002)         (0.0004)
                              -------------    -------------
Weighted Average number of
Common Shares used in per
share calculations               21,000,000        7,000,000
                              =============    =============
</TABLE>
The accompanying notes are integral part of the consolidated
financial statements.


                                 4

<PAGE>
<TABLE><CAPTION>
             Crafty Admiral Enterprises, Ltd.
              (A Development Stage Company)
            Statement of Stockholders' Equity
                As of September 30, 2004
                                                    Accumulated
                                                    Deficit During
                                  $0.001    Paid-In  Development Stockholders'
                         Shares   Par Value Capital   Period      Equity
                         --------- -------- --------  ---------- ------------
 <S>                       <C>       <C>       <C>       <C>          <C>
Balance, March 6, 2000           - $      - $      -  $        - $         -

Issuance of common stock 2,000,000    2,000    1,000           -       3,000

Net Income (Loss)                                        (2,291)     (2,291)
                         --------- -------- --------  ---------- -----------
Balance,December 31,2000 2,000,000    2,000    1,000     (2,291)         709
                         --------- -------- --------  ---------- -----------
Issuance of common stock 5,000,000    5,000   42,000           -      47,000

Net Income (Loss)                                       (10,571)     (10,571)
                         --------- -------- --------  ---------- -----------
Balance,December 31,2001 7,000,000    7,000   43,000    (12,862)      37,138
                         ========= ======== ========  ========== ===========
Net Income (Loss)                                       (12,097)     (12,097)
                         --------- -------- --------  ---------- -----------
Balance,December 31,2002 7,000,000    7,000   43,000    (24,959)      25,041
                         ========= ======== ========  ========== ===========
Net Income (Loss)                                       (11,019)     (11,019)
                         --------- -------- --------  ---------- -----------
Balance,December 31,2003 7,000,000    7,000   43,000    (35,978)      14,022
                         ========= ======== ========  ========== ===========
Stock Forward Split3:1  14,000,000   14,000  (14,000)         -            -
Net Income (Loss)                                        (6,347)     (6,347)
                         --------- -------- --------  ---------- -----------
Balance,
September 30, 2004      21,000,000   21,000   29,000    (42,325)      7,675
                         ========= ======== ========  ========== ===========
</TABLE>

The accompanying notes are integral part of the consolidated financial
statements.

                                  5
<PAGE>

<TABLE><CAPTION>
              Crafty Admiral Enterprises, Ltd.
              (A Development Stage Company)
                 Statement of Cash Flows
                       (Unaudited)
                                       ------------------------------
                                          For the Nine Months Ended
                                               September 30
                                       ------------------------------
                                            2004              2003
                                       =============    =============
<S>                                         <C>               <C>
Cash Flows from Operating Activities:
-------------------------------------
Net Income (Loss)                         $  (6,347)       $  (8,477)
Adjustments to reconcile net loss to
net cash provided(used) to
operating activities:
 Increase(Decrease)in Accounts Payable          -             (1,600)
                                          ---------        ----------
 Total Adjustments                              -             (1,600)
                                          ---------        ----------
Net Cash Used in Operating Activities     $  (6,347)       $ (10,077)

Cash Flows from Investing Activities:
-------------------------------------
 Purchase of Mineral Properties                   -                 -
                                          ---------        ----------
Net Cash Used in Investing Activities     $       -                 -
                                          ---------        ----------
Cash Flows from Financing Activiites:
-------------------------------------
 Payments on Stockholder Advance                  -                 -
 Proceeds from Issuance of Stock                  -                 -
 Costs Incured to Raise Capital                   -                 -
                                           ---------        ----------
Net Cash Provided for Financing Activities$       -        $        -
                                          ----------        ----------
Net Increase(Decrease)in Cash             $   (6,347)      $   (10,077)

Cash Balance, Begin Period                    16,320            28,939
                                          ----------        ----------
Cash Balance, End Period                  $    9,973        $   18,862
                                          ==========        ==========
Supplemental Disclosures:
 Cash Paid for interest                   $       -        $        -
 Cash Paid for income taxes               $       -        $        -
 Stock Issued for Option to Purchase              -                 -
 Stock Issued for Repayment of Shareholder        -                 -
</TABLE>
The accompanying notes are integral part of the consolidated financial
statements.
                                  6
<PAGE>
                    CRAFTY ADMIRAL ENTERPRISES, LTD.
                     Notes to Financial Statements

Note 1  -  Summary of Significant Accounting Policies
-----------------------------------------------------
Organization
------------
The Company was organized March 6, 2000, under the laws of the State
of Nevada. The Company is in the development stage as its operations
principally involve research and development, market analysis, and
other business planning activities, and no revenue has been generated
to date.

The company has a total of 50,000,000 authorized common shares with a
par value of $.001 per share and with 21,000,000 common shares issued
and outstanding as of December 31, 2003 and 7,000,000 as of
December 31, 2002. On January 7, 2004, the shareholders of the Company
approved a forward split of the issued and outstanding common shares
of the Company on a 3:1 ratio and an increase in the Authorized share
capital from 25,000,000 to 50,000,000.

These financial statements have been prepared assuming that the
Company will continue as a going concern.  The Company is currently
in the development stage, and existing cash and available credit are
insufficient to fund the Company's cash flow needs for the next year.
The officers and directors have committed to advancing the operating
costs of the Company interest free.

Development Stage Enterprise
----------------------------
The Company is a development stage enterprise, as defined in Financial
Accounting Standards Board No. 7 "Accounting and Reporting by
Development Stage Enterprises". The Company is devoting all of its
present efforts in securing and establishing a new business, and its
planned principal operations have not commenced, and, accordingly, no
revenue has been derived during the organizational period.

Fixed Assets
------------
The Company has no fixed assets at this time.

Federal Income Tax
------------------
The Company has adopted the provisions of Financial Accounting
Standards Board Statement No. 109, Accounting for Income Taxes.
The Company accounts for income taxes pursuant to the provisions
of the Financial Accounting Standards Board Statement No.  109,
"Accounting for Income Taxes", which requires an asset and
liability approach to calculating deferred income taxes.  The
asset and liability approach requires the recognition of deferred
tax liabilities and assets for the expected future tax
consequences of temporary differences between the carrying
amounts and the tax basis of assets and liabilities.

                                7
<PAGE>

Use of Estimates
----------------
The preparation of financial statements in conformity with
generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure on contingent assets and
liabilities at the date of the financial statements, and the
reported amounts of revenues and expenses during the reporting
period.  Actual results could differ from those estimates.

Accounting Method
-----------------
The Company's financial statements are prepared using the accrual
method of accounting. Revenues are recognized when earned and expenses
when incurred. Fixed assets are stated at cost. Depreciation and
amortization using the straight-line method for financial reporting
purposes and accelerated methods for income tax purposes.

Earnings per Common Share
-------------------------
The Company adopted Financial Accounting Standards (SFAS) No.  128,
"Earnings Per Share," which simplifies the computation of earnings
per share requiring the restatement of all prior periods.

Basic earnings per share are computed on the basis of the weighted
average number of common shares outstanding during each year.

Comprehensive Income
--------------------
Statement of Financial Accounting Standards (SFAS) No. 130,
"Reporting Comprehensive Income," establishes standards for
reporting and display of comprehensive income, its components and
accumulated balances.  Comprehensive income is defined to include
all changes in equity except those resulting from investments by
owners and distributions to owners.  Among other disclosures,
SFAS No.130 requires that all items that are required to be
recognized under current accounting standards as components of
comprehensive income be reported in a financial statement that is
displayed with the same prominence as other financial statements.
The Company does not have any assets requiring disclosure of
comprehensive income.

Fair Value of Financial Instruments
-----------------------------------
The carrying amounts reported in the balance sheets for the
Company's assets and liabilities approximate their fair values
as of September 30, 2004 and December 31, 2003.

Note 2  -  Common Stock
-----------------------
In March 2000, the President of the Company acquired 2,000,000
shares of the Company's common stock for $3,000 in cash.  In
August 2001, a further 5,000,000 shares of the Company's common
stock were sold to unrelated parties for $50,000, less $3,000 in
offering costs.

                                8
<PAGE>

On January 7, 2004 the shareholders of the Company approved a
forward split of the issued and outstanding common shares of the
Company on a 3:1 ratio and an increase in the Authorized share
capital from 25,000,000 to 50,000,000. On the effective date
there were 7,000,000 common shares outstanding. Following the
split there were 21,000,000 shares outstanding. No new shares
have been issued since the split.

Note 3 - Organization Costs
---------------------------
The Company has incurred legal, accounting, and other formation
costs. These costs were expenses as incurred.

Note 4  -  Related Parties
--------------------------
While the Company is seeking additional capital through an
offering, an officer and shareholder of the Company has advanced
funds on behalf of the Company to pay for any costs incurred. The
balance of the advances was $12,298 at December 31, 2001.  On
March 11, 2002 the company repaid $10,000 leaving a balance owing
on December 31, 2002 of $2,298.  No payments were made in 2003 or
to Sptember 30, 2004 leaving a balance owing on September 30, 2004
of $2,298.

The advance is non-interest bearing and no interest has been
accrued.










                                 9

<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
        OPERATION.

Results of Operations
---------------------
For the three months ended September 30, 2004, we had no
revenues and incurred net operating losses of $3,399 as compared
to no revenues and a net operating loss of $2,609 for the three
months ended September 30, 2003. We are still in the development
stage, have generated no revenues to date; and have an
accumulated deficit of $42,325 from the date of incorporation
to September 30, 2004. The majority of these expenses comprised
operating expenses and legal/professional fees incurred in
connection with the preparation and filing of our initial
public offering, registration and compliance reporting
documents.

There was no cash provided by financing activities for the
three months ended September 30, 2004 or 2003. Our ability to
continue as a going concern is wholly dependent on our ability
to generate revenues or raise funds through sale of our equity
securities for use in administrative, marketing and business
activities.

Liquidity and Capital Resources
-------------------------------
We expect our current cash in the bank of $9,973 at September
30, 2004, and as of the date of the filing of this report, to
satisfy our cash requirements for at least the next 12 months
without having to raise additional funds or seek bank loans,
while we continue to expand our business plans.

Our stockholders' equity as of September 30, 2004, was $7,675.

Plan of Operation
-----------------
During the next twelve months, we intend to continue to try and
get our business operations up and running. We have encountered
several problems in the acquisition of parts we feel we need to
establish our initial inventory. We are continuing to make
contacts with potential and reputable suppliers for parts to
list on our website.

                            10
<PAGE>

During the next 12 months, we intend to spend approximately $500
in additional research and development searching for companies
that would be interested in consigning parts to us for inclusion
in our offerings.

We do not intend to purchase any significant property or equipment,
nor incur any significant changes in employees during the next 12
months.

In the event we are unable to generate revenues sufficient for
operations, we may need to consider raising additional funds
through loans or the sale of additional equity securities for use in
our day-to-day operations. Currently, no such loans or equity sales
are planned.

Accounting Policies
-------------------
The financial statements included herein have been prepared
pursuant to the rules and regulations of the Securities and
Exchange Commission. Certain information and footnote disclosures
normally included in financial statements prepared in accordance
with generally accepted accounting principles have been
condensed or omitted pursuant to such rules and regulations for
interim financial statements. Management believes the disclosures
made are adequate to make the information not misleading and
recommends that these unaudited financial statements be read
in conjunction with the audited financial statements and notes
included in our Form 10SB, filed with the U.S. Securities and
Exchange Commission under CIK Number 0001168938.

The financial statements and accompanying notes are prepared in
accordance with generally accepted accounting principles.
Preparing financial statements requires Management to make
estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting
period. These estimates and assumptions are affected by Management's
application of accounting policies. These important accounting
policies include the successful efforts method of accounting
for property and equipment, revenue recognition, accounting for
income taxes, accounting for environmental matters, and foreign
currency translation.

                            11
<PAGE>

We have adopted Statement of Financial Accounting Standards
(SFAS) No. 121, Accounting for the Impairment of Long-Lived Assets
and for Long-Lived Assets to be Disposed of, which provides guidance
on long-lived assets and certain intangibles which are reported at
the lower of the carrying amount or their estimated recoverable amounts.

We also apply SFAS No. 128, Earnings Per Share, for the
calculation of "Basic" and "Diluted" earnings per share. Basic
earnings per share includes no dilution and is computed by dividing
income available to common stockholders by the weighted average number
of common shares outstanding for the period. Diluted earnings per
share reflects the potential dilution of securities that could
share in our earnings.

We have also adopted SFAS No. 52, Foreign Currency Translation,
which requires that the translation of the applicable foreign currency
into U.S. dollars be performed for balance sheet accounts using current
exchange rates in effect at the balance sheet date and for revenue and
expense accounts using a weighted average exchange rate during the
period. The gains or losses resulting from such translation are
included in the consolidated statements of stockholders' equity
and comprehensive income.

ITEM 3.   CONTROLS AND PROCEDURES

Within the 90 days prior to the date of this report, we have
performed an evaluation, under the supervision and with the
participation of our Management, of the effectiveness of the design
and operation of our disclosure controls and procedures pursuant to
Exchange Act Rule 13a-14. Based upon the evaluation, our Principal
Executive Officer and Principal Financial Officer concluded that the
current disclosure controls are effective in timely alerting us to
any material information required to be included in our periodic SEC
filings. There have been no significant changes in our internal
controls or in other factors that could significantly affect
internal controls subsequent to the date of this evaluation.


                             12


                  PART II - OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

A)   The following exhibits marked with an asterisk, which
are required to be filed herein are incorporated by reference
and can be found in their entirety in our Form 10-SB12G
registration statement, filed on May 5, 2003, at the SEC
website (www.sec.gov) under CIK Number 0001168938.

<TABLE><CAPTION>

             <c>
Exhibit No.     Description
-----------      -----------
* 3(i)          Articles of Incorporation
* 3(ii)         Bylaws
 99.1           Certifications Pursuant to 18 U.S.C.
                Section 1350, As Adopted Pursuant to
                Sec. 906 of the Sarbanes-Oxley Act of 2002

</TABLE>

B)  There were no reports on Form 8K filed during the quarter.

                       SIGNATURES
                       ----------
Pursuant to the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
                              Crafty Admiral Enterprises, Ltd.,
                              a Nevada corporation

November 12, 2004             By:/s/ Lawrence Siccia,
                              President, CEO, CFO, Principal
                              Accounting Officer and Chairman
                              of the Board of Directors



         CERTIFICATION PURSUANT TO SECTION 302 OF THE ACT
         ------------------------------------------------

     I, Lawrence Siccia hereby certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Crafty
Admiral Enterprises, Ltd.

2. Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect
to the period covered by this quarterly report.

                               13
<PAGE

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all
material respects the financial condition, results of operations and
cash flows of Crafty Admiral Enterprises, ltd. as of, and for, the
periods presented in this quarterly report.

4.  As the sole officer and director of Crafty Admiral Enterprises,
Ltd., I am solely responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules
13a-14 and 15d-14) for Crafty Admiral Enterprises, Ltd. and have:

     (a) designed such disclosure controls and procedures to
     ensure that material information relating to Crafty Admiral
     Enterprises, Ltd., including its consolidated subsidiaries,
     is made known to us by others within those entities,
     particularly during the period in which this quarterly
     report is being prepared;

     (b) evaluated the effectiveness of Crafty Admiral's
     disclosure controls and procedures as of a date within
     90 days prior to the filing date of this quarterly report
     (the "Evaluation Date"); and

     (c) presented in this quarterly report our conclusions
     about the effectiveness of the disclosure controls and
     procedures based on our evaluation as of the Evaluation Date;

5.  I have disclosed, based on my most recent evaluation, to our
auditors:

   (a) that there are no significant deficiencies in the design or
   operation of internal controls which could adversely affect our
   ability to record, process, summarize and report financial data
   and have advised there are no material weaknesses in internal
   controls; and

                                 14

<PAGE>

   (b) that there is no fraud, material or otherwise, that
   involves management or other employees who have a significant
   role in our internal controls.

6. I have indicated in this quarterly report whether or not there
were significant changes in internal controls or in other factors
that could significantly affect internal controls subsequent to the
date of our most recent evaluation, including any corrective actions
with regard to significant deficiencies and material weaknesses.

        November 12, 2004      /s/ Lawrence Siccia
                             ----------------------------------------
                              Lawrence Siccia, Chief Executive Officer,
                              Chief Financial Officer and Principal
                              Accounting Officer

















                                       15


<PAGE>