SCIECON CIC

Company limited by guarantee

Company Registration Number:
13411336 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

SCIECON CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

SCIECON CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 12,477 8,752
Cost of sales: ( 1,181 )
Gross profit(or loss): 12,477 7,571
Administrative expenses: ( 15,240 ) ( 66,604 )
Other operating income: 40,304
Operating profit(or loss): (2,763) (18,729)
Interest receivable and similar income: 9 91
Profit(or loss) before tax: (2,754) (18,638)
Tax: 3,541
Profit(or loss) for the financial year: (2,754) (15,097)

SCIECON CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 130
Cash at bank and in hand: 5,937 14,670
Total current assets: 6,067 14,670
Creditors: amounts falling due within one year: 4 ( 3,621 ) ( 9,470 )
Net current assets (liabilities): 2,446 5,200
Total assets less current liabilities: 2,446 5,200
Total net assets (liabilities): 2,446 5,200
Members' funds
Profit and loss account: 2,446 5,200
Total members' funds: 2,446 5,200

The notes form part of these financial statements

SCIECON CIC

Balance sheet statements

For the year ending 31 May 2024 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 5 February 2025
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 2024

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

SCIECON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 0

SCIECON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
£ £
Trade debtors 130
Total 130

SCIECON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 3,621 9,470
Total 3,621 9,470

COMMUNITY INTEREST ANNUAL REPORT

SCIECON CIC

Company Number: 13411336 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

During the financial year, we have supported the community by organizing educational events for students, researchers, and scholars. These events provided accessible learning opportunities, fostered innovation through interdisciplinary collaboration, and empowered individuals with knowledge to address social and economic challenges. Additionally, our efforts have contributed to building a vibrant knowledge hub, encouraging thought leadership and open-source contributions.

Consultation with stakeholders

Yes, we have consulted stakeholders through Pre-Event Surveys Gathering input on topics and formats. Feedback Sessions: Collecting insights post-events for improvements. Collaboration with Institutions Aligning with universities and industry needs. Industry Engagement Consulting experts to ensure relevant content. These consultations ensure our activities remain community-focused and impactful.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 February 2025

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