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Registered number: 11158193
Holidays Friend Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
KHI BMSL LIMITED
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11158193
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,674 47,736
58,674 47,736
CURRENT ASSETS
Stocks 5 42,352 25,444
Debtors 6 25,021 21,314
Cash at bank and in hand 204,729 222,340
272,102 269,098
Creditors: Amounts Falling Due Within One Year 7 (67,526 ) (54,591 )
NET CURRENT ASSETS (LIABILITIES) 204,576 214,507
TOTAL ASSETS LESS CURRENT LIABILITIES 263,250 262,243
Creditors: Amounts Falling Due After More Than One Year 8 (7,680 ) (19,981 )
NET ASSETS 255,570 242,262
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 255,568 242,260
SHAREHOLDERS' FUNDS 255,570 242,262
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Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Atnafsegad Habtemichael Weldesenbet
Director
02/10/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Holidays Friend Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11158193 . The registered office is Renaissance Hotel Bath Road, Heathrow, Hounslow, United Kingdom, TW6 2AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 10%
Fixtures & Fittings 10%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2025: 7)
9 7
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2025 3,625 37,544 50,300 91,469
Additions 912 21,261 - 22,173
As at 31 March 2026 4,537 58,805 50,300 113,642
Depreciation
As at 1 April 2025 2,075 6,570 35,088 43,733
Provided during the period 857 5,349 5,029 11,235
As at 31 March 2026 2,932 11,919 40,117 54,968
Net Book Value
As at 31 March 2026 1,605 46,886 10,183 58,674
As at 1 April 2025 1,550 30,974 15,212 47,736
5. Stocks
2026 2025
£ £
Stock 42,352 25,444
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 1,902
Other debtors 10,621 5,012
10,621 6,914
Due after more than one year
Other debtors 14,400 14,400
25,021 21,314
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 24,522 4,893
Trade creditors 9,617 4,560
Bank loans and overdrafts - 10,099
Other creditors 2,582 339
Taxation and social security 30,805 34,700
67,526 54,591
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 7,680 18,943
Bank loans - 1,038
7,680 19,981
Bank loan relates to Bounce Back Loan scheme set up by the Government to help businesses with  Covid-19. It is Government backed unsecured loan. The loan is for a period of six years. No interest is payable for the first year of the loan, and thereafter interest is charged at 2.5% per annum.
The company entered into a finance lease for a period of 3 years, due to end by 16th July 2026 and the applicable interest is 4% per annum. 
The company entered into a new finance lease for a period of 4 years, due to end by 01 June 2029 and  the applicable interest is 6.71% per annum. 
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,522 4,893
Later than one year and not later than five years 7,680 18,943
32,202 23,836
32,202 23,836
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
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