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REGISTERED NUMBER: SC455920 (Scotland)




















Sunstore Technologies Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2024






Sunstore Technologies Ltd (Registered number: SC455920)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sunstore Technologies Ltd

Company Information
for the Year Ended 31 January 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 53,180 69,834
Tangible assets 5 - -
53,180 69,834

CURRENT ASSETS
Debtors 6 2,207 3,221
Cash at bank 3,980 15,477
6,187 18,698
CREDITORS
Amounts falling due within one year 7 43,906 27,957
NET CURRENT LIABILITIES (37,719 ) (9,259 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,461 60,575

CREDITORS
Amounts falling due after more than one
year

8

9,957

15,051
NET ASSETS 5,504 45,524

Sunstore Technologies Ltd (Registered number: SC455920)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 18,920 18,920
Share premium 716,330 716,330
Retained earnings (729,746 ) (689,726 )
SHAREHOLDERS' FUNDS 5,504 45,524

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 5 August 2024 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 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Sunstore Technologies Ltd (Registered number: SC455920)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 214,341
Additions 18,143
At 31 January 2024 232,484
AMORTISATION
At 1 February 2023 144,507
Charge for year 34,797
At 31 January 2024 179,304
NET BOOK VALUE
At 31 January 2024 53,180
At 31 January 2023 69,834

There was no indication of any impairment in the year.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 1,830
DEPRECIATION
At 1 February 2023
and 31 January 2024 1,830
NET BOOK VALUE
At 31 January 2024 -

Sunstore Technologies Ltd (Registered number: SC455920)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,207 3,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 4,906
Taxation and social security 131 375
Other creditors 38,775 22,676
43,906 27,957

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,957 15,051