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Company Registration No. 12582673 (England and Wales)
LAURETI MOBILITY GROUP LTD Unaudited accounts for the year ended 31 May 2024
LAURETI MOBILITY GROUP LTD Unaudited accounts Contents
Page
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LAURETI MOBILITY GROUP LTD Company Information for the year ended 31 May 2024
Directors
Marcus Panikumar Paleti James Coulling
Company Number
12582673 (England and Wales)
Registered Office
W1 Office, 12, Old Bond Street LONDON W1S 4PW ENGLAND
Accountants
H R & Co. Accountancy Ltd 20-22 Wenlock Road London N1 7GU
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LAURETI MOBILITY GROUP LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
73,245 
- 
Current assets
Debtors
5,735 
1,503 
Cash at bank and in hand
33 
48 
5,768 
1,551 
Creditors: amounts falling due within one year
(603,097)
(178,533)
Net current liabilities
(597,329)
(176,982)
Total assets less current liabilities
(524,084)
(176,982)
Creditors: amounts falling due after more than one year
(989,917)
(992,150)
Net liabilities
(1,514,001)
(1,169,132)
Capital and reserves
Called up share capital
50,000 
100 
Share premium
51,464 
- 
Profit and loss account
(1,615,465)
(1,169,232)
Shareholders' funds
(1,514,001)
(1,169,132)
For the year ending 31 May 2024 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 18 April 2025 and were signed on its behalf by
Marcus Panikumar Paleti Director Company Registration No. 12582673
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LAURETI MOBILITY GROUP LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
LAURETI MOBILITY GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12582673. The registered office is W1 Office,, 12, Old Bond Street, LONDON, W1S 4PW, 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.
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:
Plant & machinery
25% SL
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
- 
Additions
97,660 
At 31 May 2024
97,660 
Depreciation
Charge for the year
24,415 
At 31 May 2024
24,415 
Net book value
At 31 May 2024
73,245 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,735 
1,503 
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LAURETI MOBILITY GROUP LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
17,232 
- 
Other creditors
19,288 
27,187 
Loans from directors
538,034 
122,803 
Accruals
28,543 
28,543 
603,097 
178,533 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
87,986 
79,305 
Other creditors
901,931 
912,845 
989,917 
992,150 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Marcus Panikumar Paleti
Loans from director
122,803 
415,235 
- 
538,038 
122,803 
415,235 
- 
538,038 
9
Average number of employees
During the year the average number of employees was 3 (2023: 0).
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