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REGISTERED NUMBER: NI633543 (Northern Ireland)













KFPC LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 30 JUNE 2024






KFPC LIMITED (REGISTERED NUMBER: NI633543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


KFPC LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024







DIRECTORS: S P Sweeney
C Crilly





SECRETARY: C Crilly





REGISTERED OFFICE: Unit 3, The Old Gasworks
Kilmorey Street,
Newry
Co. Down
BT34 2DH





REGISTERED NUMBER: NI633543 (Northern Ireland)





ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KFPC 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 period ended 30 June 2024 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 30 June 2024 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.






McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


18 March 2025

KFPC LIMITED (REGISTERED NUMBER: NI633543)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 25,538

CURRENT ASSETS
Debtors 5 1,222,950 394,322
Cash at bank and in hand 105,230 691,725
1,328,180 1,086,047
CREDITORS
Amounts falling due within one year 6 106,186 147,606
NET CURRENT ASSETS 1,221,994 938,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,221,994

963,979

PROVISIONS FOR LIABILITIES 136 136
NET ASSETS 1,221,858 963,843

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,221,758 963,743
SHAREHOLDERS' FUNDS 1,221,858 963,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

KFPC LIMITED (REGISTERED NUMBER: NI633543)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:




S P Sweeney - Director



C Crilly - Director


KFPC LIMITED (REGISTERED NUMBER: NI633543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

KFPC 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 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.

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
Tangible fixed assets are stated at cost less depreciation and accumulated impairment losses.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 40% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

KFPC LIMITED (REGISTERED NUMBER: NI633543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 2,797 37,995 40,792
Disposals (2,797 ) (37,995 ) (40,792 )
At 30 June 2024 - - -
DEPRECIATION
At 1 April 2023 1,322 13,932 15,254
Charge for period 268 11,069 11,337
Eliminated on disposal (1,590 ) (25,001 ) (26,591 )
At 30 June 2024 - - -
NET BOOK VALUE
At 30 June 2024 - - -
At 31 March 2023 1,475 24,063 25,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related undertakings 1,215,459 216,960
Other debtors 7,491 177,362
1,222,950 394,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,258 2,218
Taxation and social security 91,738 103,198
Other creditors 2,190 42,190
106,186 147,606

KFPC LIMITED (REGISTERED NUMBER: NI633543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024

7. RELATED PARTY DISCLOSURES

The company maintains loan balances with a number of related parties and key employees. No interest is charged on the loan balances, which are recoverable on demand.
At the balance sheet date, the aggregate balances due to the company amounted to £1,215,459 (2023: £386,111). The individual loan balances are reported in debtors and creditors falling due within one year.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors by virtue of their shareholdings in the parent company.