Company Registration No. 12549674 (England and Wales)
Inicio Ai Ltd
Unaudited accounts
for the year ended 31 March 2025
Inicio Ai Ltd
Unaudited accounts
Contents
Inicio Ai Ltd
Company Information
for the year ended 31 March 2025
Directors
James McGlynn
Rachel Curtis
Derek Usher
Paul Joseph Birks
Company Number
12549674 (England and Wales)
Registered Office
Number Three Siskin Drive
Middlemarch Business Park
Coventry
CV3 4FJ
England
Accountants
Clarity Accounting (Scotland) Ltd
234 West George Street
Glasgow
G2 4QY
Inicio Ai Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
1,913,062
1,401,003
Tangible assets
10,110
2,525
Cash at bank and in hand
2,291,460
554,525
Creditors: amounts falling due within one year
(207,459)
(120,318)
Net current assets
2,182,928
508,810
Total assets less current liabilities
4,106,100
1,912,338
Creditors: amounts falling due after more than one year
-
(250,000)
Provisions for liabilities
Other provisions
-
(9,926)
Net assets
4,106,100
1,652,412
Called up share capital
2,291
1,418
Share premium
4,574,805
1,644,829
Profit and loss account
(470,996)
6,165
Shareholders' funds
4,106,100
1,652,412
For the 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. 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by
James McGlynn
Director
Company Registration No. 12549674
Inicio Ai Ltd
Notes to the Accounts
for the year ended 31 March 2025
Inicio Ai Ltd is a private company, limited by shares, registered in England and Wales, registration number 12549674. The registered office is Number Three Siskin Drive, Middlemarch Business Park, Coventry, CV3 4FJ, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Total
At 31 March 2025
1,913,062
At 31 March 2025
1,913,062
At 31 March 2024
1,401,003
Inicio Ai Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Total
6
Average number of employees
During the year the average number of employees was 16 (2024: 7).