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REGISTERED NUMBER: SC769598 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

16 MAY 2023 TO 31 MAY 2024

FOR

BAD TYPEWRITER TECHNOLOGY LIMITED

BAD TYPEWRITER TECHNOLOGY LIMITED (REGISTERED NUMBER: SC769598)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 16 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAD TYPEWRITER TECHNOLOGY LIMITED

COMPANY INFORMATION
for the period 16 May 2023 to 31 May 2024







DIRECTOR: B Wilson





REGISTERED OFFICE: Unit 3 Q Court
3 Quality Street
Edinburgh
EH4 5BP





REGISTERED NUMBER: SC769598 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

BAD TYPEWRITER TECHNOLOGY LIMITED (REGISTERED NUMBER: SC769598)

BALANCE SHEET
31 May 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 15,531

CURRENT ASSETS
Debtors 5 67

CREDITORS
Amounts falling due within one year 6 19,842
NET CURRENT LIABILITIES (19,775 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,244

)

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings (4,245 )
SHAREHOLDERS' FUNDS (4,244 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:





B Wilson - Director


BAD TYPEWRITER TECHNOLOGY LIMITED (REGISTERED NUMBER: SC769598)

NOTES TO THE FINANCIAL STATEMENTS
for the period 16 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Bad Typewriter Technology Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the period end the company had net current liabilities of £19,775.The company continues to be supported by the Directors who provide funding for operations. The operational funding support is expected to continue for a period of at least one year after the date of signing the financial statements.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

The carrying value of intangible fixed assets are reviewed for impairment on an annual basis.

Amortisation will commence once the website is brought into use.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


BAD TYPEWRITER TECHNOLOGY LIMITED (REGISTERED NUMBER: SC769598)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 16 May 2023 to 31 May 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 15,531
At 31 May 2024 15,531
NET BOOK VALUE
At 31 May 2024 15,531

Intangible fixed assets consist of costs incurred in development of a website which is currently still under construction.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 67

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 19,842

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal
value: £   
1 Share capital 1 1 1

8. RELATED PARTY DISCLOSURES

Included in "Other creditors" are amounts totalling £18,342 due to the director from the company. The loans are interest free and repayable on demand.