Company No: 14073226 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	P Brown
	J Clark
	A Cookson
	R Graham
	G Wilson

REGISTERED OFFICE	The University Of Bath
	Wessex House (Room 3.3)
	Bath
	BA2 7AY
	United Kingdom

COMPANY NUMBER

14073226 (England and Wales)

ACCOUNTANT	S&W Partners (Thames Valley) Limited
	22 Wycombe End
	Beaconsfield
	Buckinghamshire
	HP9 1NB

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	10		15
Tangible assets	4	584		1,884
		594		1,899
Current assets
Debtors	5	32,698		499
Cash at bank and in hand		42,445		105,353
		75,143		105,852
Creditors: amounts falling due within one year	6	( 70,170)		( 135,879)
Net current assets/(liabilities)		4,973		(30,027)
Total assets less current liabilities		5,567		(28,128)
Net assets/(liabilities)		5,567		( 28,128)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		5,467		( 28,228 )
Total shareholders' funds/(deficit)		5,567		( 28,128)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of IngeniumAI Limited (registered number: 14073226) were approved and authorised for issue by the Board of Directors on 08 September 2025. They were signed on its behalf by:

J Clark Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

IngeniumAI Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The University Of Bath, Wessex House (Room 3.3), Bath, BA2 7AY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of IngeniumAI Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Other intangible assets

4 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government 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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		6

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost/Valuation
At 01 April 2024	20		20
At 31 March 2025	20		20
Accumulated amortisation
At 01 April 2024	5		5
Charge for the financial year	5		5
At 31 March 2025	10		10
Net book value
At 31 March 2025	10		10
At 31 March 2024	15		15

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	2,512		2,512
Disposals	( 1,345)		( 1,345)
At 31 March 2025	1,167		1,167
Accumulated depreciation
At 01 April 2024	628		628
Charge for the financial year	544		544
Disposals	( 589)		( 589)
At 31 March 2025	583		583
Net book value
At 31 March 2025	584		584
At 31 March 2024	1,884		1,884

5. Debtors

	2025		2024
	£		£
Trade debtors	25,265		499
Other debtors	7,433		0
	32,698		499

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		1,301
Taxation and social security	7,711		0
Other creditors	62,459		134,578
	70,170		135,879

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 0.01 each	100		100