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Company Registration No. 12582673 (England and Wales)
LAURETI MOBILITY GROUP LTD Unaudited accounts for the year ended 31 May 2025
LAURETI MOBILITY GROUP LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
48,830
73,245
Current assets
Debtors
-
5,735
Cash at bank and in hand
1
33
1
5,768
Creditors: amounts falling due within one year
(678,483)
(603,097)
Net current liabilities
(678,482)
(597,329)
Total assets less current liabilities
(629,652)
(524,084)
Creditors: amounts falling due after more than one year
(953,288)
(989,917)
Net liabilities
(1,582,940)
(1,514,001)
Capital and reserves
Called up share capital
91,452
50,000
Share premium
62,502
51,464
Profit and loss account
(1,736,894)
(1,615,465)
Shareholders' funds
(1,582,940)
(1,514,001)
For the year ending 31 May 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 20 May 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 2025
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
Total
£
Cost or valuation
At 1 June 2024
97,660
At 31 May 2025
97,660
Depreciation
At 1 June 2024
24,415
Charge for the year
24,415
At 31 May 2025
48,830
Net book value
At 31 May 2025
48,830
At 31 May 2024
73,245
5
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Marcus Panikumar Paleti
Loans from director
538,038
62,506
-
600,544
538,038
62,506
-
600,544
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LAURETI MOBILITY GROUP LTD Notes to the Accounts for the year ended 31 May 2025
6
Average number of employees
During the year the average number of employees was 2 (2024: 3).
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