REGISTERED NUMBER: 12115951 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

Lincolnshire Institute Of Technology

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Deane

C Flavell

C H Foster

S Green

S J Hamer

A M Hardy

C Hough

M J Locking

D R Metters

J E Rees

L Leith

R J Nicholls

REGISTERED OFFICE:

C/o The University Of Lincoln

Brayford Way

Brayford Pool

Lincoln

Lincolnshire

LN6 7TS

REGISTERED NUMBER:

12115951 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

CURRENT ASSETS

Debtors

5

3,693

7,584

Cash at bank

248,772

82,651

252,465

90,235

CREDITORS

Amounts falling due within one year

6

252,465

90,235

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

RESERVES

-

-

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 2026 and were signed on its behalf by:

S Green - Director

1.	GENERAL INFORMATION

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is C/O The University of Lincoln Brayford Way, Brayford Pool, Lincoln, Lincolnshire, LN6 7TS, United Kingdom.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Going concern

The directors have assessed the company's ability to continue operating for the foreseeable future, considering current and expected financial performance, and existing funding agreements in place with partner organisations.

Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue for the foreseeable future.

Accordingly, the financial statements have been prepared on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

3,693

7,584

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

590

Other creditors

252,465

89,645

252,465

90,235

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

8.	CONTINGENT LIABILITIES

The company is in receipt of grant funding from the DfE. The funding agreement allows for the clawback of monies if the terms of the agreement are not met. If this were to occur then the company has matching agreements that would allow it to recover the monies from the member establishments.

9.	RELATED PARTY DISCLOSURES

During the period, no related party transactions were reportable under FRS102 Sch 1A.