I AM GENIUS BUSINESS LTD

I AM GENIUS BUSINESS LTD
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

I AM GENIUS BUSINESS LTD
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	517,527	517,527
		517,527	517,527
Current assets
Debtors		58,524	30,326
Cash at bank and in hand		21,628	1,069
		80,152	31,395
Creditors: amount falling due within one year		(91,235)	(131,185)
Net current assets		(11,083)	(99,790)

Total assets less current liabilities		506,444	417,737
Net assets		506,444	417,737

Capital and reserves
Called up share capital	4	1,250	1,000
Share premium account		526,750	487,000
Profit and loss account		(21,556)	(70,263)
Shareholders' funds		506,444	417,737

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 31 December 2025 and were signed by:

-------------------------------
Nikunj Vyas
Director

1

I AM GENIUS BUSINESS LTD
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

I AM GENIUS BUSINESS LTD is a private company, limited by shares, registered in England and Wales, registration number 13732543, registration address Integer Millennium House Bre Innovation Campus, Bucknalls Lane, Watford, Hertfordshire, WD25 9XX.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Research and development expenditure

Research and development expenditure in respect of system development and integration are capitalized under intangible assets.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

System Development & Integration
System Development & Integration cost are capitalised once a detailed program design has been established and are amortised on a straight line basis over 5 years. No amortization has been made during the year as the detail program design has not been competed at the year end.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 1).

3.

Intangible fixed assets

Cost	System Development & Integration	Total
	£	£
At 01 April 2024	517,527	517,527
Additions	-	-
Disposals	-	-
At 31 March 2025	517,527	517,527
Net book values
At 31 March 2025	517,527	517,527
At 31 March 2024	517,527	517,527

4.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
10,000,000 Class A shares of £0.0001 each	1,000	1,000
2,500,000 Class A shares of £0.0001 each	250	0
	1,250	1,000

2

Registered Number: 13732543
England and Wales
I AM GENIUS BUSINESS LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025