Registration number:
Orege UK Limited
for the Period from 21 November 2016 to 31 December 2017
Orege UK Limited
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Orege UK Limited
Company Information
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Directors |
G W Gonsalves P G Gendrot I R Patheyjohns |
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Registered office |
5 Prospect Place |
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Accountants |
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Page 1 |
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Orege UK Limited
for the Period Ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Orege UK Limited for the period ended 31 December 2017 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of Orege UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Orege UK Limited and state those matters that we have agreed to state to the Board of Directors of Orege UK Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orege UK Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Orege UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Orege UK Limited. You consider that Orege UK Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Orege UK Limited. 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 statutory accounts.
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Millennium Way
Pride Park
Derby
DE24 8HG
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Page 2 |
Orege UK Limited
(Registration number: 10488174)
Balance Sheet as at 31 December 2017
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Note |
2017 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
( |
For the financial period ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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G W Gonsalves
Director
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Page 3 |
Orege UK Limited
Notes to the Financial Statements for the Period from 21 November 2016 to 31 December 2017
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General information |
The company is a private company limited by share capital incorporated in England.
The address of the registered office is given in the company information on page 1 of the financial statements.
The principle place of business is Derbyshire.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) and rounded to the nearest £1.
Going Concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the connected party not requiring payment of any balance owed to them until sufficient funds are available.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
33% reducing balance basis |
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Page 4 |
Orege UK Limited
Notes to the Financial Statements for the Period from 21 November 2016 to 31 December 2017
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Page 5 |
Orege UK Limited
Notes to the Financial Statements for the Period from 21 November 2016 to 31 December 2017
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Tangible assets |
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Office equipment |
Total |
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Cost or valuation |
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Additions |
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At 31 December 2017 |
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Depreciation |
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Charge for the period |
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At 31 December 2017 |
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Carrying amount |
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At 31 December 2017 |
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Debtors |
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2017 |
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Other debtors |
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Creditors |
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Note |
2017 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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Page 6 |
Orege UK Limited
Notes to the Financial Statements for the Period from 21 November 2016 to 31 December 2017
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Share capital |
Allotted, called up and fully paid shares
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31 December 2017 |
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No. |
£ |
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10,000 |
New shares allotted
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During the period |
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Related party transactions |
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Transactions with directors |
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2017 |
Advances to directors |
At 31 December 2017 |
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Interest free loan repayable on demand |
( |
( |
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Page 7 |