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REGISTERED NUMBER: 13863852 (England and Wales)












THE STRUCTURAL BATTERY COMPANY LTD

Unaudited Financial Statements

for the Year Ended 31 January 2025






THE STRUCTURAL BATTERY COMPANY LTD (REGISTERED NUMBER: 13863852)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE STRUCTURAL BATTERY COMPANY LTD

Company Information
for the Year Ended 31 January 2025







Directors: O W J Burstall
S R Jones
J W Moffat





Registered office: 1 Medway Court
Cranfield Technology Park
Cranfield
MK43 0FQ





Registered number: 13863852 (England and Wales)





Accountants: Michael Price Associates Ltd
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

THE STRUCTURAL BATTERY COMPANY LTD (REGISTERED NUMBER: 13863852)

Balance Sheet
31 January 2025

31/1/25 31/1/24
Notes £    £    £   
Fixed assets
Intangible assets 4 23,777 -
Tangible assets 5 28,002 25,920
51,779 25,920

Current assets
Debtors 6 26,205 7,608
Cash at bank 72,603 38,667
98,808 46,275
Creditors
Amounts falling due within one year 7 69,144 111,593
Net current assets/(liabilities) 29,664 (65,318 )
Total assets less current liabilities 81,443 (39,398 )

Capital and reserves
Called up share capital 127 116
Share premium 535,629 251,591
Other reserves 97,014 -
Retained earnings (551,327 ) (291,105 )
81,443 (39,398 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 29 April 2025 and were signed on its behalf by:





J W Moffat - Director


THE STRUCTURAL BATTERY COMPANY LTD (REGISTERED NUMBER: 13863852)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. Statutory information

The Structural Battery Company Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2024 - 4 ) .

THE STRUCTURAL BATTERY COMPANY LTD (REGISTERED NUMBER: 13863852)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
Additions 26,419
At 31 January 2025 26,419
Amortisation
Charge for year 2,642
At 31 January 2025 2,642
Net book value
At 31 January 2025 23,777

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 February 2024 38,539
Additions 7,323
At 31 January 2025 45,862
Depreciation
At 1 February 2024 12,619
Charge for year 5,241
At 31 January 2025 17,860
Net book value
At 31 January 2025 28,002
At 31 January 2024 25,920

6. Debtors: amounts falling due within one year
31/1/25 31/1/24
£    £   
Other debtors 26,205 7,608

7. Creditors: amounts falling due within one year
31/1/25 31/1/24
£    £   
Trade creditors 477 814
Taxation and social security 1,223 2,043
Other creditors 67,444 108,736
69,144 111,593

THE STRUCTURAL BATTERY COMPANY LTD (REGISTERED NUMBER: 13863852)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. Share-based payment transactions

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

The total expense recognised in the financial year was £97,014.