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 March 31, 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.)


1608 Yew Street #403, Vancouver, B.C. Canada       V6K 3B7
-----------------------------------------------    -------
(Address of principal executive offices)          (Zip Code)

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

                               None
------------------------------------------------------------------
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 March 31, 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 March 31, 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
                              ------
                                           March 31     December 31
                                             2004          2003
                                             ----          ----
                                          (Unaudited)   (Audited)
<S>                                           <C>          <C>
Current Assets
--------------
Cash                                       $ 13,439     $ 16,320
                                           --------     --------
Total Current Assets                         13,439       16,320
                                           --------     --------
Total Assets                               $ 13,439     $ 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                                  7,000        7,000
 50,000,000 authorized preferred
 shares, par value $.001
 21,000,000 shares issues and outstanding

Additional Paid-In-Capital                   43,000       43,000
Accumulated Deficit during the
Development Period                         (38,859)      (35,978)
                                           --------     --------
Total Stockholders' Equity (Deficit)         11,141       14,022
                                           --------     --------
Total Liabilities and Stockholders'Equity  $ 13,439     $ 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)
                              ------------------------------
                                     Three Months Ended
                                         March 31
                              ------------------------------
                                  2004              2003
                              ==============   =============
<S>                               <C>               <C>
Revenues:
---------
Revenues                                  -               -
                              -------------    ------------
 Total Revenues               $           -    $          -

Expenses:
---------
Professional Fees                     2,698           4,306
Operating Expenses                      183               -
                              -------------    ------------
 Total Expenses                       2,881           4,306
 Net Income before Taxes      $      (2,881)    $    (4,306)

Provision for Income Taxes:
---------------------------
Income Tax Benefit                        -               -
 Net Income (Loss)            $      (2,881)    $    (4,306)
                              =============    =============
Basic and Diluted Earnings
Per Common Share                   (0.0001)         (0.0006)
                              -------------    -------------
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 June 30, 2003
                                                    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, March 31,2003   7,000,000    7,000   43,000    (35,978)      14,022
                         ========= ======== ========  ========== ============
Net Income (Loss)                                        (2,881)      (2,881)
                         --------- -------- --------  ---------- ------------
Balance, June 30, 2003   7,000,000    7,000   43,000    (38,859)      11,141
                         ========= ======== ========  ========== ============
</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 Three Months Ended
                                                  March 31
                                       ------------------------------
                                            2004              2003
                                       =============    =============
<S>                                         <C>               <C>
Cash Flows from Operating Activities:
-------------------------------------
Net Income (Loss)                         $  (2,881)       $  (4,306)
Adjustments to reconcile net loss to
net cash provided(used) to
operating activities:
 Increase(Decrease)in Accounts Payable                        (1,000)
                                          ---------        ----------
 Total Adjustments                              -             (1,000)
                                          ---------        ----------
Net Cash Used in Operating Activities     $  (2,881)       $  (5,306)

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             $   (2,881)      $    (5,306)

Cash Balance, Begin Period                    16,320            28,939
                                          ----------        ----------
Cash Balance, End Period                  $   13,439        $   23,633
                                          ==========        ==========
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. 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. 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
tandards 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.

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.

                               7
<PAGE>
                     CRAFTY ADMIRAL ENTERPRISES, LTD.
                      Notes to Financial Statements

Note 1  -  Summary of Significant Accounting Policies (con't)
-------------------------------------------------------------
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.

Diluted earnings per share are computed on the basis of the
weighted average number of common shares and dilutive securities
outstanding.  Dilutive securities having an anti-dilutive effect on
diluted earnings per share are excluded from the calculation.

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.

Segments of an Enterprise and Related Information
-------------------------------------------------
Statement of Financial Accounting Standards (SFAS) No. 131,
Disclosures about Segments of an Enterprise and Related Information,
supersedes SFAS No. 14, "Financial Reporting for Segments of a
Business Enterprise." SFAS 131 establishes standards for the way that
public companies report information about operating segments in
annual financial statements and requires reporting of selected
information about operating segments in interim financial statements
issued to the public.  It also establishes standards for disclosures
regarding products and services, geographic areas and major customers.
SFAS 131 defines operating segments as components of a company about
which separate financial information is available that is evaluated
regularly by the chief operating decision maker in deciding how to
allocate resources and in assessing performance. The Company has
evaluated this SFAS and does not believe it is applicable at this
time.
                              8
<PAGE>
                     CRAFTY ADMIRAL ENTERPRISES, LTD.
                      Notes to Financial Statements

Note 1  -  Summary of Significant Accounting Policies (con't)
-------------------------------------------------------------
Recent Accounting Pronouncements
--------------------------------
In November 2002, the FASB issued Interpretation No. 45, "Guarantor's
Accounting and Disclosure Requirements for Guarantees, including Indirect
Guarantees of Indebtedness of Others"  ("Interpretation No. 45").
Interpretation No. 45 elaborates on the existing disclosure requirements
for most guarantees, including loan guarantees such as standby letters
of credit. It also clarifies that at the time a company issues a guarantee,
the company must recognize an initial liability for the fair market value
of the obligations it assumes under that guarantee and must disclose that
information in its interim and annual financial statements. The initial
recognition and measurement provisions of Interpretation No. 45 apply on
a prospective basis to guarantees issued or modified after December 31,
2002. Interpretation No. 45 did not have an effect on the financial
statements.

In January 2003, the FASB issued Interpretation No. 46, "Consolidation
of Variable Interest Entities" ("Interpretation No. 46"), that clarifies
the application of Accounting Research Bulletin No. 51, "Consolidated
Financial Statements," to certain entities in which equity investors do
not have the characteristics of a controlling financial interest or do
not have sufficient equity at risk for the entity to finance its
activities without additional subordinated financial support from other
parties. Interpretation No. 46 is applicable immediately for variable
interest entities created after January 31, 2003. For variable interest
entities created prior to January 31, 2003, the provisions of Interpretation
No. 46 are applicable no later than July 1, 2003. Interpretation No. 46
did not have an effect on the financial statements.

In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-
Based Compensation -- Transition and Disclosure, an amendment of FASB
Statement No. 123" ("SFAS 148"). This Statement amends SFAS 123 to provide
alternative methods of transition for a voluntary change to the fair value
method of accounting for stock-based employee compensation. In addition,
SFAS 148 amends the disclosure requirements of SFAS 123 to require prominent
disclosures in both annual and interim financial statements. Certain of

                               9
<PAGE>
                     CRAFTY ADMIRAL ENTERPRISES, LTD.
                      Notes to Financial Statements

Note 1  -  Summary of Significant Accounting Policies (con't)
-------------------------------------------------------------
the disclosure modifications are required for fiscal years ending after
December 15, 2002 and are included in the notes to these consolidated
financial statements.

Statement of Financial Accounting Standards SFAS No. 149, "Amendment of
Statement 133 on Derivative Instruments and Hedging Activities", SFAS
No. 150, "Accounting for Certain Financial Instruments with
Characteristics of both Liabilities and Equity", were recently issued.
SFAS No, 149, and 150 have no current applicability to the Company
or their effect on the financial statements would not have been significant.

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 December 31,
2002 and 2001.

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.

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. No payments were made
in 2003 leaving a balance owing of $2,298 on March 31, 2004 and
December 31, 2003.  The advance is non-interest bearing and no
interest has been accrued.

Note 5 - Going Concern
----------------------
The Company's financial statements are prepared using generally
accepted accounting principles applicable to a going concern, which
contemplates the realization of assets and liquidation of liabilities
in the normal course of business. However, the Company has incurred
net losses since its inception and has experienced liquidity
problems that raises substantial doubt about its ability to continue
as a going concern. The stockholders/officers and or directors have
committed to advancing operating costs of the Company interest free
to insure that the Company has enough operating capital over the
next twelve months

Note 5  -  Subsequent Events
----------------------------
There were no other material subsequent events that have occurred
since the balance sheet date that warrants disclosure in these
financial statements.



                                10

<PAGE>

                  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             Certification Pursuant to 18 U.S.C.
                Section 1350, As Adopted Pursuant to
                Sec. 906 of the Sarbanes-Oxley Act of 2002
</TABLE>

B)   One report on Form 8-K was filed during the quarter to disclose
shareholder approval, at a properly noticed and held special meeting,
of an increase to the authorized capital stock from 25,000,000 to
50,000,000 common shares, with the par value remaining at $.001 per
share and to a 3:1 forward split of the issued and outstanding
common shares of the company, effective January 20, 2004. A copy of
the 8-K can be found in its entirety on the SEC website at www.sec.gov
under our CIK number 0001168938.

                       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

May 12, 2004                  By:/s/ Lawrence Siccia,
                              President, CEO, CFO 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.

                            11
<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

                                 12

<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.

        May 12, 2004         /s/ Lawrence Siccia
                             ----------------------------------------
                              Lawrence Siccia, Chief Executive Officer
                              and Chief Financial Officer














                                13

<PAGE>