REGISTERED NUMBER: SC455920 (Scotland)

Sunstore Technologies Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

35,969

53,180

Tangible assets

5

-

-

35,969

53,180

CURRENT ASSETS

Debtors

6

2,000

2,207

Cash at bank

16,247

3,980

18,247

6,187

CREDITORS

Amounts falling due within one year

7

64,979

43,906

NET CURRENT LIABILITIES

(46,732

)

(37,719

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,763

)

15,461

CREDITORS

Amounts falling due after more than one year

8

4,957

9,957

NET (LIABILITIES)/ASSETS

(15,720

)

5,504

CAPITAL AND RESERVES

Called up share capital

19,120

18,920

Share premium

731,130

716,330

Retained earnings

(765,970

)

(729,746

)

SHAREHOLDERS' FUNDS

(15,720

)

5,504

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 9 September 2025 and were signed on its behalf by:

Dr S G Howieson - Director

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 licences

20% on cost

Development costs

20% 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 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

232,484

Additions

20,459

At 31 January 2025

252,943

AMORTISATION

At 1 February 2024

179,304

Charge for year

37,670

At 31 January 2025

216,974

NET BOOK VALUE

At 31 January 2025

35,969

At 31 January 2024

53,180

There was no indication of any impairment in the year.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

1,830

DEPRECIATION

At 1 February 2024

and 31 January 2025

1,830

NET BOOK VALUE

At 31 January 2025

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,000

2,207

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

5,000

Taxation and social security

-

131

Other creditors

59,979

38,775

64,979

43,906

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

2025

2024

£

£

Bank loans

4,957

9,957