Company Registration No. 09135275 (England and Wales)
BORA ENTERPRISE LIMITED
Unaudited accounts
for the year ended 31 July 2017
BORA ENTERPRISE LIMITED
Unaudited accounts
Contents
BORA ENTERPRISE LIMITED
Company Information
for the year ended 31 July 2017
Company Number
09135275 (England and Wales)
Registered Office
UNIT KR061 KINGSPARK BUSINESS CENTRE
152-178 KINGSTON ROAD
NEW MALDEN
SURREY
KT3 3ST
ENGLAND
Accountants
FURUICHOI & CO
Mr A Raja, ACA
259-269 Old Marylebone Road
London
NW1 5RA
BORA ENTERPRISE LIMITED
Statement of financial position
as at
31 July 2017
Tangible assets
3,434
3,088
Cash at bank and in hand
36,824
34,725
Creditors: amounts falling due within one year
(20,741)
(5,300)
Net current assets
68,744
67,429
Total assets less current liabilities
72,178
70,517
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Called up share capital
1,000
1,000
Profit and loss account
21,178
19,517
Shareholders' funds
22,178
20,517
For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 November 2017.
Mrs Bora Yun
Director
Company Registration No. 09135275
BORA ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 31 July 2017
BORA ENTERPRISE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09135275. The registered office is UNIT KR061 KINGSPARK BUSINESS CENTRE, 152-178 KINGSTON ROAD, NEW MALDEN, SURREY, KT3 3ST, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
BORA ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 31 July 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2016
-
4,118
4,118
At 31 July 2017
952
4,657
5,609
At 1 August 2016
-
1,030
1,030
Charge for the year
238
907
1,145
At 31 July 2017
238
1,937
2,175
At 31 July 2017
714
2,720
3,434
At 31 July 2016
-
3,088
3,088
Finished goods
1,500
27,500
Trade debtors
30,299
9,490
Other debtors
20,862
1,014
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
221
5,300
Loans from directors
20,520
-
8
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
50,000
50,000
Director's loan
The director, Mrs Bora Yun, made the investment of GBP 50,000 during the period ended 31 July 2015 in the form of a director's loan, which is unsecured and subordinated in favour of third-party creditors.
BORA ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 31 July 2017
9
Share capital
2017
2016
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Average number of employees
During the year the average number of employees was 3 (2016: 2).