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REGISTERED NUMBER: 11500298 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

BS Squared Ltd

BS Squared Ltd (Registered number: 11500298)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BS Squared Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: K Benson
J J C Seddon
C Springthorpe





REGISTERED OFFICE: Suite 2
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES





REGISTERED NUMBER: 11500298 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BS Squared Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BS Squared Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BS Squared Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BS Squared Ltd and state those matters that we have agreed to state to the Board of Directors of BS Squared Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BS Squared Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BS Squared Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BS Squared Ltd. You consider that BS Squared Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BS Squared Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


25 July 2025

BS Squared Ltd (Registered number: 11500298)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,917 24,489
Investments 5 200 200
Investment property 6 7,335,608 7,335,608
7,399,725 7,360,297

CURRENT ASSETS
Stocks - 19,987
Debtors 7 188,592 110,613
Cash at bank 121,742 61,920
310,334 192,520
CREDITORS
Amounts falling due within one year 8 3,984,456 4,037,990
NET CURRENT LIABILITIES (3,674,122 ) (3,845,470 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,725,603

3,514,827

CREDITORS
Amounts falling due after more than one
year

9

(575,714

)

(476,629

)

PROVISIONS FOR LIABILITIES (542,545 ) (533,341 )
NET ASSETS 2,607,344 2,504,857

CAPITAL AND RESERVES
Called up share capital 11 200 200
Revaluation reserve 12 1,841,404 1,841,404
Retained earnings 765,740 663,253
SHAREHOLDERS' FUNDS 2,607,344 2,504,857

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

BS Squared Ltd (Registered number: 11500298)

Balance Sheet - continued
31 March 2025


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 25 July 2025 and were signed on its behalf by:





K Benson - Director


BS Squared Ltd (Registered number: 11500298)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

BS Squared 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.

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 as modified by the revaluation of certain assets.

At the year end the company had net current liabilities of £3,674,122 (2024: £3,845,470). Despite this the accounts have been prepared on a going concern basis because the directors have confirmed they will continue to support the company.

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

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 - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


BS Squared Ltd (Registered number: 11500298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

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 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 79,196 - 3,920 83,116
Additions 2,229 66,990 - 69,219
At 31 March 2025 81,425 66,990 3,920 152,335
DEPRECIATION
At 1 April 2024 55,391 - 3,236 58,627
Charge for year 12,604 16,748 439 29,791
At 31 March 2025 67,995 16,748 3,675 88,418
NET BOOK VALUE
At 31 March 2025 13,430 50,242 245 63,917
At 31 March 2024 23,805 - 684 24,489

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2024
and 31 March 2025 200
NET BOOK VALUE
At 31 March 2025 200
At 31 March 2024 200

BS Squared Ltd (Registered number: 11500298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 7,335,608
NET BOOK VALUE
At 31 March 2025 7,335,608
At 31 March 2024 7,335,608

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2021 195,004
Valuation in 2023 2,617,427
Cost 4,523,177
7,335,608

The directors consider the valuation of the investment properties to still be appropriate.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 67,229 35,808
Other debtors 121,363 74,805
188,592 110,613

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 16,983 39,114
Hire purchase contracts 6,587 -
Trade creditors 6,194 15,701
Taxation and social security 102,641 113,076
Other creditors 3,852,051 3,870,099
3,984,456 4,037,990

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 528,864 476,629
Hire purchase contracts 46,850 -
575,714 476,629

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 432,752 308,550

BS Squared Ltd (Registered number: 11500298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 545,847 515,743
Hire purchase contracts 53,437 -
Other creditors 3,605,386 3,638,425
4,204,670 4,154,168

Amounts included in other creditors and a bank loan are secured with a fixed and floating charge against the assets of the company.

The hire purchase debt is secured against the asset it has funded.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
120 Ordinary A £1 120 120
40 Ordinary B £1 40 40
40 Ordinary C £1 40 40
200 200

12. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 1,841,404