REGISTERED NUMBER: 10112096 (England and Wales)

Financial Statements

for the Year Ended 30 June 2026

for

Students' Union Management System Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Brooks

L J Exton

A Eke

A L Cameron

REGISTERED OFFICE:

The Engine Shed

Lincoln Students' Union

Brayford Pool

Lincoln

LN6 7TS

REGISTERED NUMBER:

10112096 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Sewell BA (Hons) FCA CTA

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

-

1,125

CURRENT ASSETS

Stocks

3,003

3,003

Debtors

5

252,582

202,863

Cash at bank

119,542

164,068

375,127

369,934

CREDITORS

Amounts falling due within one year

6

242,445

239,508

NET CURRENT ASSETS

132,682

130,426

TOTAL ASSETS LESS CURRENT LIABILITIES

132,682

131,551

CAPITAL AND RESERVES

Called up share capital

7

100,001

100,001

Retained earnings

32,681

31,550

SHAREHOLDERS' FUNDS

132,682

131,551

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 2 October 2026 and were signed on its behalf by:

J A Brooks - Director

1.	STATUTORY INFORMATION

Students' Union Management System Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentational currency of the financial statements is the pound sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised on an accruals basis to the period that it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2025

and 30 June 2026

7,497

DEPRECIATION

At 1 July 2025

6,372

Charge for year

1,125

At 30 June 2026

7,497

NET BOOK VALUE

At 30 June 2026

-

At 30 June 2025

1,125

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

229,812

189,612

Other debtors

22,770

13,251

252,582

202,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

8,836

19,005

Amounts owed to group undertakings

109,376

113,989

Taxation and social security

61,346

49,093

Other creditors

62,887

57,421

242,445

239,508

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100,001

Ordinary

£1

100,001

100,001

8.	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

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	CONTROLLING PARTY

The controlling party is the University of Lincoln Students' Union, as they own 100% of the shares.

The registered office of the controlling party is:

The Engine Shed

Lincoln Students' Union

Brayford Pool

Lincoln

LN6 7TS