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REGISTERED NUMBER: SC455920 (Scotland)




















Sunstore Technologies Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2023






Sunstore Technologies Ltd (Registered number: SC455920)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Sunstore Technologies Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Dr S G Howieson
Mrs P Howieson
R W Mitchell
G P Hughes
Dr J P McGarrity



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC455920 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Santander Business Banking
Bridle Road
Bootle
Liverpool
L30 4GB

Sunstore Technologies Ltd (Registered number: SC455920)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 69,834 62,228
Tangible assets 5 - -
69,834 62,228

CURRENT ASSETS
Debtors 6 3,221 686
Cash at bank 15,477 2,958
18,698 3,644
CREDITORS
Amounts falling due within one year 7 27,957 31,378
NET CURRENT LIABILITIES (9,259 ) (27,734 )
TOTAL ASSETS LESS CURRENT LIABILITIES 60,575 34,494

CREDITORS
Amounts falling due after more than one
year

8

15,051

21,197
NET ASSETS 45,524 13,297

Sunstore Technologies Ltd (Registered number: SC455920)

Balance Sheet - continued
31 January 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 18,920 17,972
Share premium 716,330 646,178
Retained earnings (689,726 ) (650,853 )
SHAREHOLDERS' FUNDS 45,524 13,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





Dr S G Howieson - Director


Sunstore Technologies Ltd (Registered number: SC455920)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Sunstore Technologies Ltd 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.

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.

Intangible fixed assets
Intangible assets are stated at cost less any accumulated amortisation and any provision for impairment. Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Patent and licences20% on cost
Development costs20% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Research and development
Expenditure on research and development is written off in the year in which it is incurred. Research and development expenditure which is capital in nature is recognised as intangible assets.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. In order to do so, the company will require the continued support of its directors and creditors.

The directors' going concern assessment includes the expected impact of COVID-19 to the company for a period of at least 12 months from the date of signing of these financial statements.

Sunstore Technologies Ltd (Registered number: SC455920)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022 174,147
Additions 40,194
At 31 January 2023 214,341
AMORTISATION
At 1 February 2022 111,919
Charge for year 32,588
At 31 January 2023 144,507
NET BOOK VALUE
At 31 January 2023 69,834
At 31 January 2022 62,228

There was no indication of any impairment in the year.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 1,830
DEPRECIATION
At 1 February 2022
and 31 January 2023 1,830
NET BOOK VALUE
At 31 January 2023 -

Sunstore Technologies Ltd (Registered number: SC455920)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,221 686

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,906 3,333
Taxation and social security 375 -
Other creditors 22,676 28,045
27,957 31,378

Included within other creditors is a loan from one of the directors. The loan is unsecured, interest-free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,051 21,197

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,667

Sunstore Technologies Ltd

Report of the Accountants to the Directors of
Sunstore Technologies Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT


30 September 2023