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Company Registration No. 12462300 (England and Wales)
OREM PACKAGING LIMITED Unaudited accounts for the year ended 28 February 2023
OREM PACKAGING LIMITED Unaudited accounts Contents
Page
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OREM PACKAGING LIMITED Company Information for the year ended 28 February 2023
Directors
EMRULLAH DOGAN ORHAN SOGURTIN
Company Number
12462300 (England and Wales)
Registered Office
Unit 3ab Tariff Road Triumph Trading Estate London N17 0EB UK
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OREM PACKAGING LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,701 
- 
Current assets
Inventories
59,083 
41,583 
Debtors
167,099 
45,369 
Cash at bank and in hand
89 
263 
226,271 
87,215 
Creditors: amounts falling due within one year
21,151 
26,722 
Net current assets
247,422 
113,937 
Total assets less current liabilities
290,123 
113,937 
Creditors: amounts falling due after more than one year
(404,097)
(189,165)
Net liabilities
(113,974)
(75,228)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(114,074)
(75,328)
Shareholders' funds
(113,974)
(75,228)
For the year ending 28 February 2023 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
ORHAN SOGURTIN Director Company Registration No. 12462300
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OREM PACKAGING LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
OREM PACKAGING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12462300. The registered office is Unit 3ab Tariff Road, Triumph Trading Estate, London, N17 0EB, UK.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
- 
Additions
52,075 
At 28 February 2023
52,075 
Depreciation
Charge for the year
9,374 
At 28 February 2023
9,374 
Net book value
At 28 February 2023
42,701 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
167,099 
45,369 
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OREM PACKAGING LIMITED Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(40,000)
(26,722)
Other creditors
18,849 
- 
(21,151)
(26,722)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,054 
44,923 
Trade creditors
688 
- 
Other creditors
361,355 
144,242 
404,097 
189,165 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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