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REGISTERED NUMBER: 09436223 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Q2M Limited

Q2M Limited (Registered number: 09436223)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Q2M Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L Allen
Mrs S L Allen





REGISTERED OFFICE: Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA





REGISTERED NUMBER: 09436223 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Q2M Limited (Registered number: 09436223)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,511 499

CURRENT ASSETS
Debtors 5 28,155 22,196
Cash at bank 12,895 52
41,050 22,248
CREDITORS
Amounts falling due within one year 6 30,047 32,385
NET CURRENT ASSETS/(LIABILITIES) 11,003 (10,137 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,514

(9,638

)

PROVISIONS FOR LIABILITIES 1,878 125
NET ASSETS/(LIABILITIES) 16,636 (9,763 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 16,536 (9,863 )
SHAREHOLDERS' FUNDS 16,636 (9,763 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Q2M Limited (Registered number: 09436223)

Balance Sheet - continued
29 February 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





L Allen - Director


Q2M Limited (Registered number: 09436223)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Q2M 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Fixtures and fittings - 25% per annum

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognized at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Q2M Limited (Registered number: 09436223)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings&
equipment
£   
COST
At 1 March 2023 23,363
Additions 9,781
At 29 February 2024 33,144
DEPRECIATION
At 1 March 2023 22,864
Charge for year 2,769
At 29 February 2024 25,633
NET BOOK VALUE
At 29 February 2024 7,511
At 28 February 2023 499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,561
Other debtors 28,155 18,635
28,155 22,196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 22,868 30,933
Other creditors 7,179 1,452
30,047 32,385

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Q2M Limited (Registered number: 09436223)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
L Allen
Balance outstanding at start of year 1,293 76,398
Amounts advanced 2,500 765
Amounts repaid (9,520 ) (75,870 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,727 ) 1,293