SCIECON CIC

Company limited by guarantee

Company Registration Number:
13411336 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

SCIECON CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SCIECON CIC

Directors' report period ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Principal activities of the company

The company's principal activity during the year continued to be Educational Support Services



Directors

The directors shown below have held office during the whole of the period from
1 June 2022 to 31 May 2023

Luyao Zhang
Yulin Liu


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
13 February 2024

And signed on behalf of the board by:
Name: Luyao Zhang
Status: Director

SCIECON CIC

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 8,752 47,216
Cost of sales: ( 1,181 ) ( 1,621 )
Gross profit(or loss): 7,571 45,595
Distribution costs: 0 0
Administrative expenses: ( 66,604 ) ( 20,537 )
Other operating income: 40,304
Operating profit(or loss): (18,729) 25,058
Interest receivable and similar income: 91 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (18,638) 25,058
Tax: 3,541 ( 4,761 )
Profit(or loss) for the financial year: (15,097) 20,297

SCIECON CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 0 5
Cash at bank and in hand: 14,670 35,042
Total current assets: 14,670 35,047
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 9,470 ) ( 14,750 )
Net current assets (liabilities): 5,200 20,297
Total assets less current liabilities: 5,200 20,297
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 5,200 20,297
Members' funds
Profit and loss account: 5,200 20,297
Total members' funds: 5,200 20,297

The notes form part of these financial statements

SCIECON CIC

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 February 2024
and signed on behalf of the board by:

Name: Luyao Zhang
Status: Director

The notes form part of these financial statements

SCIECON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SCIECON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

SCIECON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Debtors

2023 2022
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 5
Total 0 5
Debtors due after more than one year: 0 0

SCIECON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 4,761
Accruals and deferred income 0 0
Other creditors 9,470 9,989
Total 9,470 14,750

COMMUNITY INTEREST ANNUAL REPORT

SCIECON CIC

Company Number: 13411336 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

During the financial year, our company has significantly contributed to the community through a series of educational events tailored for global students, researchers, and scholars. These events, including interdisciplinary seminars, symposiums, and conferences, have been instrumental in disseminating knowledge on conducting interdisciplinary studies that combine scientific methods with practical applications to create social and economic value.Key benefits to the community include:Accessibility to Education: By offering registration at below-market rates and subsidizing educational services, we have made high-quality learning opportunities accessible to a broader audience, breaking down financial barriers to education.Fostering Innovation: Our focus on interdisciplinary collaboration has encouraged the development of innovative solutions to pressing economic and social challenges, contributing to the intellectual and practical growth of the community.Empowerment Through Knowledge: The knowledge and skills imparted during our events empower individuals to tackle fundamental issues in their communities, driving positive change and development.Building a Knowledge Hub: The consistent effort to create a hub for intellectual conversations has attracted a growing network of talented individuals, fostering a vibrant community of thought leaders who contribute to open-source publications and beyond.

Consultation with stakeholders

Yes, we have actively engaged in consultations with various stakeholders to ensure that our activities align with the community's needs and aspirations. These consultations have involved:Pre-Event Surveys: Conducted to gather input from potential participants on the topics and formats they find most beneficial, ensuring our events are tailored to the community's needs.Feedback Sessions: Held post-events to collect attendees' feedback, which is crucial for continuously improving the quality and relevance of our events.Collaboration with Educational Institutions: We've partnered with local universities and research institutions to align our educational offerings with academic standards and industry needs, ensuring our events provide practical and valuable learning experiences.Engagement with Industry Experts: Regular discussions with experts from various fields have informed our event topics and content, ensuring they are current and comprehensive.Through these consultations, we've fostered a collaborative approach to community education and development, ensuring our activities are well-informed, relevant, and impactful.

Directors' remuneration

Total received by directors was £5763.31

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 February 2024

And signed on behalf of the board by:
Name: Yulin Liu
Status: Director