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REGISTERED NUMBER: NI602553 (Northern Ireland)













KOSI CORPORATION LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 30 JUNE 2024






KOSI CORPORATION LIMITED (REGISTERED NUMBER: NI602553)






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


KOSI CORPORATION LIMITED

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







DIRECTORS: C Crilly
S P Sweeney
R Troope
S McAteer



SECRETARY: C Crilly



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



REGISTERED NUMBER: NI602553 (Northern Ireland)



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



BANKERS: Bank of Ireland
1 Donegall Square
Belfast
Co. Antrim
BT1 5LR

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KOSI CORPORATION 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

KOSI CORPORATION LIMITED (REGISTERED NUMBER: NI602553)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,890 8,437

CURRENT ASSETS
Debtors 5 1,320,546 971,002
Cash at bank and in hand 2,009,192 748,635
3,329,738 1,719,637
CREDITORS
Amounts falling due within one year 6 2,415,892 883,872
NET CURRENT ASSETS 913,846 835,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

944,736

844,202

PROVISIONS FOR LIABILITIES 4,303 1,828
NET ASSETS 940,433 842,374

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 880,433 782,374
SHAREHOLDERS' FUNDS 940,433 842,374

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.

KOSI CORPORATION LIMITED (REGISTERED NUMBER: NI602553)

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


KOSI CORPORATION LIMITED (REGISTERED NUMBER: NI602553)

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

1. STATUTORY INFORMATION

KOSI Corporation 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 measured at cost less depreciation and accumulated impairment losses.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 40% on reducing balance
Computer equipment - 25% 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.

KOSI CORPORATION LIMITED (REGISTERED NUMBER: NI602553)

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 26 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 25,921 - 42,039 67,960
Additions 1,208 12,994 19,754 33,956
At 30 June 2024 27,129 12,994 61,793 101,916
DEPRECIATION
At 1 April 2023 19,960 - 39,563 59,523
Charge for period 1,303 5,975 4,225 11,503
At 30 June 2024 21,263 5,975 43,788 71,026
NET BOOK VALUE
At 30 June 2024 5,866 7,019 18,005 30,890
At 31 March 2023 5,961 - 2,476 8,437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 742,323 772,129
Amounts owed by related undertakings 540,096 5,096
Other debtors and
accrued income 38,127 193,777
1,320,546 971,002

KOSI CORPORATION LIMITED (REGISTERED NUMBER: NI602553)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 721,851 41,703
Amounts owed to related undertakings 1,020,596 534,326
Taxation and social security 178,463 156,026
Other creditors 494,982 151,817
2,415,892 883,872

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 by the company amounted to £188,872 (2023: £451,086). 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.