J SQUARED SOLUTIONS LTD


Directors	Joseph Robert Francis
	Joseph Michael Luxton


Registered Address	Salisbury House
	Finsbury Circus
	London
	EC2M 5SQ


Registered Number	14078524 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	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
	The balance sheet shows net current liabilities of £13,305 (2024: net current assets of £328). The company is reliant on the support of it's shareholders. The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Going concern

The balance sheet shows net current liabilities of £13,305 (2024: net current assets of £328). The company is reliant on the support of it's shareholders. The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		5

3.	Prior period adjustment
	The accounts have been restated to remove a misclassification of a S455 tax in current assets and current liabilities. There is no change to the profit and loss or distributable profits for the year ended 31 December 2024. In addition, the accounts have been restated to reclassify fees on invoice debt factoring from direct costs to overheads. There is no change to the profit and loss or distributable profits for the year ended 31 December 2024.

Prior period adjustment

The accounts have been restated to remove a misclassification of a S455 tax in current assets and current liabilities.  There is no change to the profit and loss or distributable profits for the year ended 31 December 2024. 

In addition, the accounts have been restated to reclassify fees on invoice debt factoring from direct costs to overheads.   There is no change to the profit and loss or distributable profits for the year ended 31 December 2024.

4.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	5,937	5,937
At 31 December 25	5,937	5,937
Amortisation and impairment
At 01 January 25	1,917	1,917
Charge for year	1,484	1,484
At 31 December 25	3,401	3,401
Net book value
At 31 December 25	2,536	2,536
At 31 December 24	4,020	4,020

5.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 25	5,128	5,128
At 31 December 25	5,128	5,128
Depreciation and impairment
At 01 January 25	3,166	3,166
Charge for year	1,242	1,242
At 31 December 25	4,408	4,408
Net book value
At 31 December 25	720	720
At 31 December 24	1,962	1,962

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	853,190	46,080
Amounts owed by associates and joint ventures / participating interests	22,424	25,996
Other debtors	25,129	11,524
Prepayments and accrued income	70,582	677
Total	971,325	84,277

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	16,592	3,816
Bank borrowings and overdrafts	736,109	28,425
Taxation and social security	153,914	96,080
Other creditors	1,540	1,861
Accrued liabilities and deferred income	92,740	999
Total	1,000,895	131,181

8.	Operating lease commitments
	At 31 December 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £12,139 (2024 – £21,725)

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
FRANCIS, Joseph Robert	12,512	45,586	45,000	13,098
LUXTON, Joseph Michael	13,484	40,837	45,000	9,321
	25,996	86,423	90,000	22,419

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	4		2,536		4,020
Tangible assets	5		720		1,962
			3,256		5,982
Current assets
Debtors	6	971,325		84,277
Cash at bank and on hand		13,009		41,250
		984,334		125,527
Creditors amounts falling due within one year	7	(1,000,895)		(131,181)
Net current assets (liabilities)			(16,561)		(5,654)
Total assets less current liabilities			(13,305)		328
Net assets			(13,305)		328
Capital and reserves
Called up share capital			2		2
Profit and loss account			(13,307)		326
Shareholders' funds			(13,305)		328