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Registered number: 07187107
Bora Travel Co Ltd
REVISED
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07187107
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 5 10,200 12,750
Tangible Assets 6 10,418 18,830
20,618 31,580
CURRENT ASSETS
Debtors 7 135,753 65,649
Cash at bank and in hand 4,348 8,343
140,101 73,992
Creditors: Amounts Falling Due Within One Year 8 (86,732 ) (29,993 )
NET CURRENT ASSETS (LIABILITIES) 53,369 43,999
TOTAL ASSETS LESS CURRENT LIABILITIES 73,987 75,579
Creditors: Amounts Falling Due After More Than One Year 9 (30,775 ) (34,928 )
NET ASSETS 43,212 40,651
CAPITAL AND RESERVES
Called up share capital 10 40,000 40,000
Profit and Loss Account 3,212 651
SHAREHOLDERS' FUNDS 43,212 40,651
Page 1
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 her 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
Ms Myung Aei Kwon
Director
29/09/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Revision by Replacement
The financial statements for the year ended 31 March 2026 have been revised.
These financial statements:
Due to changes in the balance of trade creditors, the Cost of sales - Ticket purchases and Tax on Profit - Corporation tax charge have been updated.
There are no significant amendments to the original accounts.
2. General Information
Bora Travel Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07187107 . The registered office is 65 Sheephouse Way, New Malden, KT3 5PF.
3. Accounting Policies
3.1. 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.
3.2. 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.
3.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
3.4. 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:
Leasehold Over 10 years
Plant & Machinery 15% reducing balance
Motor Vehicles 20% straight-line
Fixtures & Fittings 25% reducing balance
Computer Equipment
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3.5. 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.
4. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 6)
4 6
5. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 51,000
As at 31 March 2026 51,000
Amortisation
As at 1 April 2025 38,250
Provided during the period 2,550
As at 31 March 2026 40,800
Net Book Value
As at 31 March 2026 10,200
As at 1 April 2025 12,750
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6. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2025 22,347 2,632 39,349 14,382 78,710
Additions - - - 249 249
As at 31 March 2026 22,347 2,632 39,349 14,631 78,959
Depreciation
As at 1 April 2025 22,347 2,632 23,609 11,292 59,880
Provided during the period - - 7,870 791 8,661
As at 31 March 2026 22,347 2,632 31,479 12,083 68,541
Net Book Value
As at 31 March 2026 - - 7,870 2,548 10,418
As at 1 April 2025 - - 15,740 3,090 18,830
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 87,988 22,013
Prepayments and accrued income 935 779
Deposit for IATA 38,000 38,000
Deferred tax current asset 5,567 3,985
VAT 3,263 872
135,753 65,649
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 6,562 1,334
Bank loans and overdrafts 24,167 5,486
Corporation tax 2,442 1,541
Other taxes and social security 544 1,820
Net wages 6,583 6,485
Commercial card 7,782 2,438
Other creditors (1) - 1,732
Accruals and deferred income 1,695 1,200
Director's loan account 36,957 7,957
86,732 29,993
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9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 24,153
Director's loan account 30,775 10,775
30,775 34,928
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 40,000 40,000
Page 6