2024-11-01 SC212232 2026-02-28 SC212232 2024-11-01 2026-02-28 SC212232 2024-10-31 SC212232 2023-11-01 2024-10-31 SC212232 uk-core:WithinOneYear 2024-10-31 SC212232 uk-core:WithinOneYear 2026-02-28 SC212232 uk-core:ShareCapital 2026-02-28 SC212232 uk-core:ShareCapital 2024-10-31 SC212232 uk-core:RetainedEarningsAccumulatedLosses 2026-02-28 SC212232 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC212232 uk-bus:Director1 2024-11-01 2026-02-28 SC212232 uk-core:ToolsEquipment 2024-11-01 2026-02-28 SC212232 uk-core:FurnitureFittings 2024-11-01 2026-02-28 SC212232 uk-core:ToolsEquipment 2024-10-31 SC212232 uk-core:FurnitureFittings 2024-10-31 SC212232 uk-core:FurnitureFittings 2026-02-28 SC212232 uk-core:ToolsEquipment 2026-02-28 SC212232 uk-core:WithinOneYear 2024-11-01 2026-02-28 iso4217:GBP xbrli:pure SC212232 uk-bus:AuditExemptWithAccountantsReport 2024-11-01 2026-02-28 SC212232 uk-bus:FRS102 2024-11-01 2026-02-28 SC212232 uk-bus:FilletedAccounts 2024-11-01 2026-02-28 SC212232 uk-bus:PrivateLimitedCompanyLtd 2024-11-01 2026-02-28

Happyworm Limited

Registered Number:SC 212232

For the period ended 28 February 2026
Scotland
Unaudited Financial Statements

2
For the period ended 28 February 2026
Happyworm Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3

Registered Number :

SC212232

As at 28 February 2026

Happyworm Limited
Statement of Financial Position

£

£

2024
2026

Notes

Fixed assets

Property, plant and equipment

-
2,506
2
-
2,506

Current assets

Trade and other receivables

323
427
3
6,888

Cash and cash equivalents

426
853
7,211

Trade and other payables: amounts falling due within one
year

(3,008)
-
4
4,203
853
Net current assets

Total assets less current liabilities

853
6,709
853
Net assets
6,709

Capital and reserves

Called up share capital

2
2

Retained earnings

851
6,707
853
6,709
Shareholders' funds

For the period ended 28 February 2026 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.

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

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

Mark Panaghiston Director

These financial statements were approved and authorised for issue by the Board on 09 March 2026 and were signed by:

The notes form part of these financial statements

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4
For the period ended 28 February 2026
Happyworm Limited
Notes to the Financial Statements
Statutory Information

Happyworm Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC 212232.

The company is being wound up.

Registered address:

215/6 Gorgie Road
Edinburgh
EH11 1TU

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25% Reducing balance

Computer equipment

25% per annum on cost

Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the period ended 28 February 2026
Happyworm Limited
Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer
equipment

Fixtures and
fittings

£

£

£

Cost or
valuation

At 01 November 2024

44,735
43,694
1,041
(43,694)
(1,041)

Disposals

(44,735)

At 28 February 2026

-
-
-

Provision for depreciation and impairment

At 01 November 2024

42,229
41,188
1,041
Charge for period
626
626
-
(42,855)
(41,814)
(1,041)

On disposal

At 28 February 2026

-
-
-

At 28 February 2026

Net book value

-
-
-

At 31 October 2024

-
2,506
2,506

3. Trade and other receivables

2024
2026

£

£

Other debtors

427
323

Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment.

4. Trade and other payables: amounts falling due within one year

2024
2026

£

£

Other creditors

-
3,008

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

5. Average number of persons employed

During the year the average number of employees was 0
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