1 July 2023 v2025.17.1 micro_entity_frs_105_v1_1_2 filingSoftwarefalsetruetruetruefalseNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP062826192023-07-012024-06-30062826192024-06-30062826192023-06-3006282619core:WithinOneYear2024-06-3006282619core:WithinOneYear2023-06-3006282619core:AfterOneYear2024-06-3006282619core:AfterOneYear2023-06-3006282619bus:RegisteredOffice2023-07-012024-06-30062826192022-07-012023-06-3006282619bus:Director12023-07-012024-06-300628261912023-07-012024-06-3006282619countries:EnglandWales2023-07-012024-06-3006282619bus:AuditExemptWithAccountantsReport2023-07-012024-06-3006282619bus:PrivateLimitedCompanyLtd2023-07-012024-06-3006282619bus:Micro-entities2023-07-012024-06-3006282619bus:FullAccounts2023-07-012024-06-30
Company registration number:
06282619
Lauresco Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Lauresco Limited
Statement of Financial Position
30 June 2024
20242023
££
Fixed assets
432,114
 
453,371
 
   
Current assets
165,137
 
218,466
 
Prepayments and accrued income
4,569
 
4,315
 
Creditors: amounts falling due within one year
(70,344
)
(92,079
)
Net current assets
99,362
 
130,702
 
Total assets less current liabilities
531,476
 
584,073
 
Creditors: amounts falling due after more than one year
(210,290
)
(230,329
)
Accruals and deferred income
(112,268
)
(115,515
)
Net assets
208,918
 
238,229
 
   
Capital and reserves
208,918
 
238,229
 

Notes to the Financial Statements

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Woodfarm House
,
Stonham Road
,
Crowfield
,
Suffolk
,
IP6 9TH
, United Kingdom.

2 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

3 Director's advances, credit and guarantees

At 30 June 2024, the company was owed £81,383 (2023: £54,440) by Mr C Scott, the director and shareholder of the company. He paid interest of £2,257 (2023: £2,559) on the loan at a rate of 2.25%. The maximum amount owed during the year was £134,097.
In addition, the company has given an unlimited all monies guarantee in respect of a bank loan of £1,334,725 taken out by Mr C Scott.

4 Current assets

The directors loan, which amounted to £81,383 (2023: £54,440), is included in current assets. In addition there is a corporation tax asset in respect of the s.455 liabilty on the loan account amounting to £30,482 (2023: £30,482). Although shown as current assets, it is not expected that either of these amounts will be repaid within the next 12 months.

5 Going concern

The director has carried out an assessment to ascertain that the company is a going concern. This has included looking at the expected trading performance of the business, the expected cash flows and the availablity of finance. Although the June 2024 results showed a loss, this is expected to reverse in 2025. The director continues to maximise income with active marketing and closely monitors costs.
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
24 March 2025
, and are signed on behalf of the board by:
Carl Scott
Director
Company registration number:
06282619