QK2 Group Limited - Accounts to registrar - small 17.2

QK2 Group Limited - Accounts to registrar - small 17.2

QK2 GROUP LIMITED - Company Information

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REGISTERED NUMBER: 07272217 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2016

for

QK2 Group Limited

QK2 Group Limited (Registered number: 07272217)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

QK2 Group Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Mrs K Raki
Mr A A Khalil





REGISTERED OFFICE: 8th Floor
Connect Centre
Kingston Crescent
Portsmouth
Hampshire
PO2 8QL





REGISTERED NUMBER: 07272217 (England and Wales)





ACCOUNTANTS: Jelliff Lamprey Partnership Limited
8th Floor
Connect Centre
Kingston Crescent
Portsmouth
Hampshire
PO2 8QL
Page 1
QK2 Group Limited (Registered number: 07272217)

Balance Sheet
31 December 2016

2016 2015
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 3 100 100

CURRENT ASSETS
Debtors 4 16,409 16,409
Cash at bank 1 -
16,410 16,409
CREDITORS
Amounts falling due within one year 5 962 961
NET CURRENT ASSETS 15,448 15,448
TOTAL ASSETS LESS CURRENT
LIABILITIES
15,548
15,548

CREDITORS
Amounts falling due after more than one
year
6
20,165
20,165
NET LIABILITIES (4,617 ) (4,617 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (4,618 ) (4,618 )
SHAREHOLDERS' FUNDS (4,617 ) (4,617 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 notes form part of these financial statements

Page 2 continued...
QK2 Group Limited (Registered number: 07272217)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26 September 2017 and were signed on its behalf
by:





Mr A A Khalil - Director


The notes form part of these financial statements

Page 3
QK2 Group Limited (Registered number: 07272217)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

QK2 Group 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 December 2016 are the first financial statements that comply
with FRS 102 Section 1A applicable to small entities. The date of transition is 1 January 2015.

The transition to FRS 102 Section 1A for small entities has resulted in no changes to the accounting policies used
previously.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and subsequently measured at amortised cost using the effective interest
method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price.
Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of
the company.

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.


Page 4 continued...
QK2 Group Limited (Registered number: 07272217)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

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.

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2016
and 31 December 2016 100
NET BOOK VALUE
At 31 December 2016 100
At 31 December 2015 100

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
as restated
£    £   
Amounts owed by group undertakings 16,409 16,409

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
as restated
£    £   
Bank loans and overdrafts - 31
Other creditors 962 930
962 961

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
as restated
£    £   
Other creditors 20,165 20,165

Page 5
Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
QK2 Group Limited

The following reproduces the text of the report prepared for the directors and members 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 QK2 Group Limited for the year ended 31 December 2016 which comprise the Income
Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of QK2 Group Limited, 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 QK2 Group Limited and state those matters that we have agreed to state to the Board of Directors of QK2 Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that QK2 Group Limited 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 QK2 Group Limited. You consider that QK2 Group Limited 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 QK2 Group Limited. 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.






Jelliff Lamprey Partnership Limited
8th Floor
Connect Centre
Kingston Crescent
Portsmouth
Hampshire
PO2 8QL


26 September 2017

This page does not form part of the statutory financial statements

Page 6