KPID Limited - Accounts to registrar (filleted) - small 18.2
KPID Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2019 |
| for |
| KPID Limited |
| KPID Limited (Registered number: NI627738) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2019 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| KPID Limited |
| Company Information |
| for the Year Ended 31 May 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 The Square |
| Moy |
| Co. Tyrone |
| BT71 7SG |
| BANKERS: |
| 43 High Street |
| Portadown |
| Armagh |
| BT62 1HY |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| KPID Limited |
| 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 accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 May 2019 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us. |
| This report is made to the company's Board of Directors, as a body, in accordance with the |
| terms of our engagement. Our work has been undertaken so that we might compile the |
| financial statements that we have been engaged to compile, report to the company's Board of |
| Directors that we have done so, and state those matters that we have agreed to state to them |
| in this report and for no other purpose. To the fullest extent permitted by law, we do not accept |
| or assume responsibility to anyone other than the company and the company's Board of |
| Directors, as a body, for our work or for this report. |
| We have carried out this engagement in accordance with guidance issued by the Institute of |
| Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the |
| Institute relating to members undertaking the compilation of financial statements. |
| You have acknowledged on the Balance Sheet as at 31 May 2019 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. |
| We have not been instructed to carry out an audit of the financial statements. 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 financial statements. |
| 1 The Square |
| Moy |
| Co. Tyrone |
| BT71 7SG |
| KPID Limited (Registered number: NI627738) |
| Balance Sheet |
| 31 May 2019 |
| 31.5.19 | 31.5.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| KPID Limited (Registered number: NI627738) |
| Balance Sheet - continued |
| 31 May 2019 |
| 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 were signed on its behalf by: |
| KPID Limited (Registered number: NI627738) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2019 |
| 1. | STATUTORY INFORMATION |
| KPID Limited is a |
| 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 |
| 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 |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due |
| allowance for obsolete and slow moving items. |
| 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. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis |
| over the period of the lease. |
| KPID Limited (Registered number: NI627738) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 June 2018 |
| Additions |
| At 31 May 2019 |
| DEPRECIATION |
| At 1 June 2018 |
| Charge for year |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| Directors' loan accounts | 45,043 | - |
| VAT |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Directors' loan accounts | - | 11,416 |
| Accrued expenses |
| KPID Limited (Registered number: NI627738) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Hire purchase contracts |