REGISTERED NUMBER: 02956730 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

In Genius Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N E Atkinson

R A Tait BFP ACA FCCA

G Lewis

REGISTERED OFFICE:

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

REGISTERED NUMBER:

02956730 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Intangible assets

4

2,015

2,015

Tangible assets

5

16,175

16,175

Investments

6

90

90

18,280

18,280

CURRENT ASSETS

Debtors

7

13,832

13,832

Cash at bank and in hand

1,269

1,114

15,101

14,946

CREDITORS

Amounts falling due within one year

8

365,488

364,687

NET CURRENT LIABILITIES

(350,387

)

(349,741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(332,107

)

(331,461

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(333,107

)

(332,461

)

SHAREHOLDERS' FUNDS

(332,107

)

(331,461

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

R A Tait BFP ACA FCCA - Director

1.	STATUTORY INFORMATION

In Genius Limited 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.

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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade for the foreseeable future. In order to do so it relies on the continued support of its creditors and bankers. Should the company no longer receive such support, fixed assets will need to be reclassified as current assets and long term liabilities as current liabilities. Provisions would be required to reduce assets to their recoverable amount and to provide for any further liabilities that may arise.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Group accounts exemption

The company has taken advantage of the exemption available to small companies under the Companies Act not to prepare consolidated financial statements. Accordingly, the financial statements present information about the company as an individual undertaking and not about the group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 November 2024

and 31 October 2025

2,015

NET BOOK VALUE

At 31 October 2025

2,015

At 31 October 2024

2,015

The above relates to the transfer of a patent from In Secure Limited (a subsidiary undertaking) at net book value.

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2024

and 31 October 2025

16,175

888

5,885

22,948

DEPRECIATION

At 1 November 2024

and 31 October 2025

-

888

5,885

6,773

NET BOOK VALUE

At 31 October 2025

16,175

-

-

16,175

At 31 October 2024

16,175

-

-

16,175

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2024

and 31 October 2025

90

NET BOOK VALUE

At 31 October 2025

90

At 31 October 2024

90

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

227

227

Other debtors

13,580

13,580

VAT

25

25

13,832

13,832

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

163,283

163,133

Other creditors

199,919

199,818

Directors' current accounts

286

236

Accruals and deferred income

2,000

1,500

365,488

364,687