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Registered number: 04088829
B Squared Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Garrett Adam Accountants Limited
ACCA
3 Johnsons Barns
Waterworks Road
Petersfield
Hampshire
GU32 2BY
B Squared Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
B Squared Ltd
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: 04088829

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 269,068 |  | 291,787
Tangible Assets | 5 |  | 29,715 |  | 50,245
|  |  | 298,783 |  | 342,032
CURRENT ASSETS
Debtors | 6 | 557,653 |  | 537,767 |
Cash at bank and in hand |  | 90,147 |  | 83,663 |
|  | 647,800 |  | 621,430 |
Creditors: Amounts Falling Due Within One Year | 7 | (432,296 ) |  | (542,549 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 215,504 |  | 78,881
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 514,287 |  | 420,913
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (6,993 ) |  | (7,570 )
NET ASSETS |  |  | 507,294 |  | 413,343
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 506,294 |  | 412,343
SHAREHOLDERS' FUNDS |  |  | 507,294 |  | 413,343

Page 1
Page 2
B Squared Ltd
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Dale Pickles Director
16/02/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
B Squared Ltd
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
B Squared Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04088829 . The registered office is 3 Meadows Business Park, Blackwater, Camberley, Surrey, GU17 9AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Software Development
Software development costs are being amortised to profit and loss account over its estimated economic life of 3 years.
2.4. Research and Development
Research and development expenditure is the development of software which is capitalised to the balance sheet in the year it is incurred.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 20% on cost
Plant & Machinery | 25% on cost
Fixtures & Fittings | 25% reducing balance

2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
B Squared Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 13)
13 13
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 August 2024 | 2,940,712
Additions | 282,586
As at 31 July 2025 | 3,223,298
Amortisation
As at 1 August 2024 | 2,648,925
Provided during the period | 305,305
As at 31 July 2025 | 2,954,230
Net Book Value
As at 31 July 2025 | 269,068
As at 1 August 2024 | 291,787

Page 4
Page 5
B Squared Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Fixtures & Fittings | Total
| £ | £ | £ | £
Cost
As at 1 August 2024 | 89,366 | 258,236 | 22,485 | 370,087
Additions | - | 6,909 | - | 6,909
As at 31 July 2025 | 89,366 | 265,145 | 22,485 | 376,996
Depreciation
As at 1 August 2024 | 70,474 | 233,772 | 15,596 | 319,842
Provided during the period | 17,873 | 7,844 | 1,722 | 27,439
As at 31 July 2025 | 88,347 | 241,616 | 17,318 | 347,281
Net Book Value
As at 31 July 2025 | 1,019 | 23,529 | 5,167 | 29,715
As at 1 August 2024 | 18,892 | 24,464 | 6,889 | 50,245

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 80,931 |  | 68,096
Prepayments and accrued income | 43,752 |  | 27,876
Other debtors | 552 |  | 12,449
Amounts owed by group undertakings | 432,418 |  | 429,346
| 557,653 |  | 537,767

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 81,056 |  | 78,847
Bank loans and overdrafts | 6,162 |  | 39,870
Other taxes and social security | 12,117 |  | 9,400
VAT | 16,188 |  | 14,959
Other creditors | 15,971 |  | 21,159
Pension | - |  | 1,995
Accruals and deferred income | 300,802 |  | 376,319
| 432,296 |  | 542,549

Included in Accruals & deferred income is £270,259 (2024 - £354,336) of deferred income for services invoiced in the period that are for delivery post July 2023.
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

Page 5
Page 6
B Squared Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 25,667 |  | 38,500
Later than one year and not later than five years | - |  | 25,667
| 25,667 |  | 64,167

Page 6