SUP PUBLISHING CIC

Company limited by guarantee

Company Registration Number:
SC785510 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 10 October 2023

End date: 31 July 2024

SUP PUBLISHING CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

SUP PUBLISHING CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

The principal activity of the company is that of literature publishing.



Directors

The director shown below has held office during the period of
1 February 2024 to 31 July 2024

Mrs J Louden


The director shown below has held office during the whole of the period from
10 October 2023 to 31 July 2024

Mrs H Whaley


Secretary Ms G Daly

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
27 January 2025

And signed on behalf of the board by:
Name: Mrs H Whaley
Status: Director

SUP PUBLISHING CIC

Profit And Loss Account

for the Period Ended 31 July 2024

10 months to 31 July 2024


£
Turnover: 3,500
Cost of sales: ( 9,664 )
Gross profit(or loss): (6,164)
Administrative expenses: ( 3,688 )
Other operating income: 9,855
Operating profit(or loss): 3
Profit(or loss) before tax: 3
Profit(or loss) for the financial year: 3

SUP PUBLISHING CIC

Balance sheet

As at 31 July 2024

Notes 10 months to 31 July 2024


£
Current assets
Debtors: 3 5,940
Cash at bank and in hand: 13,174
Total current assets: 19,114
Creditors: amounts falling due within one year: 4 ( 19,111 )
Net current assets (liabilities): 3
Total assets less current liabilities: 3
Total net assets (liabilities): 3
Members' funds
Profit and loss account: 3
Total members' funds: 3

The notes form part of these financial statements

SUP PUBLISHING CIC

Balance sheet statements

For the year ending 31 July 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 27 January 2025
and signed on behalf of the board by:

Name: Mrs H Whaley
Status: Director

The notes form part of these financial statements

SUP PUBLISHING CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 comprises the invoiced value of book publishing provided by the company, net of VAT and trade discounts.

    Other accounting policies

    Grants Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. Financial instruments Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

SUP PUBLISHING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    10 months to 31 July 2024
    Average number of employees during the period 3

SUP PUBLISHING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Debtors

10 months to 31 July 2024
£
Prepayments and accrued income 440
Other debtors 5,500
Total 5,940

SUP PUBLISHING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

10 months to 31 July 2024
£
Accruals and deferred income 19,111
Total 19,111

COMMUNITY INTEREST ANNUAL REPORT

SUP PUBLISHING CIC

Company Number: SC785510 (Scotland)

Year Ending: 31 July 2024

Company activities and impact

In the past year SUP Publishing CIC has completed a start-up phase focused on developing an open access publishing infrastructure which will make academic books published with us freely available to a global audience. We appointed a freelance Commissioning Editor in April to support the development of our ongoing content pipeline. We have worked with production partners to support the publication of our first book in October 2024. We have also established relationships with a range of providers to take forward distribution and dissemination of our titles, including a print-on-demand service. Our activities have benefited the academic community the CIC serves by providing access to a clear and cost-effective route to publishing research on an open access basis, thus satisfying funder requirements in relation to open access and extending the impact of research through exposure to a global audience without the barrier of paywalls.

Consultation with stakeholders

No consultation with stakeholders

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
27 January 2025

And signed on behalf of the board by:
Name: Mrs H Whaley
Status: Director