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REGISTERED NUMBER: NI627738 (Northern Ireland)















Unaudited Financial Statements

for the Period 31 May 2017 to 31 May 2018

for

KPID Limited

KPID Limited (Registered number: NI627738)






Contents of the Financial Statements
for the Period 31 May 2017 to 31 May 2018




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


KPID Limited

Company Information
for the Period 31 May 2017 to 31 May 2018







DIRECTOR: Martin Malachy Kernan



REGISTERED OFFICE: 227 Battleford Road
Dungannon
Co. Tyrone
BT71 7NN



REGISTERED NUMBER: NI627738 (Northern Ireland)



ACCOUNTANTS: Sean Cavanagh & Co
16 Charlemont Street
Moy
Co. Tyrone
BT71 7SL



BANKERS: Bank of Ireland
43 High Street
Portadown
Armagh
BT62 1HY

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
KPID Limited

The following reproduces the text of the report prepared for the director 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 Director 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 period ended 31 May 2018 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 director, 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 director that we have done so,
and state those matters that we have agreed to state to him 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 director, 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 2018 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 period.

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.






Sean Cavanagh & Co
16 Charlemont Street
Moy
Co. Tyrone
BT71 7SL


10 August 2018

KPID Limited (Registered number: NI627738)

Balance Sheet
31 May 2018

31.5.18 30.5.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,453 56,272

CURRENT ASSETS
Stocks 1,123,579 1,622,358
Debtors 5 273,085 118,890
Cash at bank 45,211 25,509
1,441,875 1,766,757
CREDITORS
Amounts falling due within one
year

6

336,370

1,939,723
NET CURRENT ASSETS/(LIABILITIES) 1,105,505 (172,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,302,958

(116,694

)

CREDITORS
Amounts falling due after more
than one year

7

93,957

-
NET ASSETS/(LIABILITIES) 1,209,001 (116,694 )

CAPITAL AND RESERVES
Called up share capital 8 100 1
Share premium 9 1,336,032 -
Retained earnings 9 (127,131 ) (116,695 )
SHAREHOLDERS' FUNDS 1,209,001 (116,694 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 2018


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 director on 10 August 2018 and were signed by:





Martin Malachy Kernan - Director


KPID Limited (Registered number: NI627738)

Notes to the Financial Statements
for the Period 31 May 2017 to 31 May 2018

1. STATUTORY INFORMATION

KPID Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after
making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport,
and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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 Period 31 May 2017 to 31 May 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 May 2017 80,887 891 8,620 649 91,047
Additions 175,140 80 32,267 - 207,487
At 31 May 2018 256,027 971 40,887 649 298,534
DEPRECIATION
At 31 May 2017 30,333 612 3,383 447 34,775
Charge for period 56,424 303 9,377 202 66,306
At 31 May 2018 86,757 915 12,760 649 101,081
NET BOOK VALUE
At 31 May 2018 169,270 56 28,127 - 197,453
At 30 May 2017 50,554 279 5,237 202 56,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 30.5.17
£    £   
Trade debtors 147,500 10,033
Other debtors 64,937 96,335
VAT 50,954 12,522
Prepayments 9,694 -
273,085 118,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 30.5.17
£    £   
Bank loans and overdrafts 45,000 -
Other loans - 1,595,900
Hire purchase contracts 24,448 -
Trade creditors 224,296 201,983
Social security and other taxes 5,175 -
Other creditors 24,694 -
Directors' loan accounts 11,416 140,499
Accrued expenses 1,341 1,341
336,370 1,939,723

KPID Limited (Registered number: NI627738)

Notes to the Financial Statements - continued
for the Period 31 May 2017 to 31 May 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.18 30.5.17
£    £   
Hire purchase contracts 93,957 -

8. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31.5.18 30.5.17
value: £    £   
6,069 Ordinary A 0.01 61 1
3,131 Ordinary B 0.01 31 -
800 Preference 0.01 8 -
100 1

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 31 May 2017 (116,695 ) - (116,695 )
Profit for the period 4,564 4,564
Dividends (15,000 ) (15,000 )
Share reorganisation - 1,336,032 1,336,032
At 31 May 2018 (127,131 ) 1,336,032 1,208,901