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REGISTERED NUMBER: 08907756 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OXYGEN ELECTRIC BIKES LIMITED

OXYGEN ELECTRIC BIKES LIMITED (REGISTERED NUMBER: 08907756)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OXYGEN ELECTRIC BIKES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Karl Brown
Kris Brown





REGISTERED OFFICE: Unit 9, Nexus
Capitol Court
Dodworth
Barnsley
S75 3UD





REGISTERED NUMBER: 08907756 (England and Wales)

OXYGEN ELECTRIC BIKES LIMITED (REGISTERED NUMBER: 08907756)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,038 4,827

CURRENT ASSETS
Stocks 761,117 921,674
Debtors 6 85,255 90,751
Cash at bank and in hand 1,856 10,005
848,228 1,022,430
CREDITORS
Amounts falling due within one year 7 710,022 819,960
NET CURRENT ASSETS 138,206 202,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,244

207,297

CREDITORS
Amounts falling due after more than one
year

8

(17,417

)

(22,435

)

PROVISIONS FOR LIABILITIES (759 ) (917 )
NET ASSETS 123,068 183,945

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 122,968 183,845
SHAREHOLDERS' FUNDS 123,068 183,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OXYGEN ELECTRIC BIKES LIMITED (REGISTERED NUMBER: 08907756)

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





Kris Brown - Director


OXYGEN ELECTRIC BIKES LIMITED (REGISTERED NUMBER: 08907756)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Oxygen Electric Bikes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

OXYGEN ELECTRIC BIKES LIMITED (REGISTERED NUMBER: 08907756)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 152 3,281 19,812 4,333 27,578
Additions 1,871 660 - - 2,531
At 31 March 2024 2,023 3,941 19,812 4,333 30,109
DEPRECIATION
At 1 April 2023 130 1,840 17,170 3,611 22,751
Charge for year 212 875 2,642 591 4,320
At 31 March 2024 342 2,715 19,812 4,202 27,071
NET BOOK VALUE
At 31 March 2024 1,681 1,226 - 131 3,038
At 31 March 2023 22 1,441 2,642 722 4,827

OXYGEN ELECTRIC BIKES LIMITED (REGISTERED NUMBER: 08907756)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 27,032 39,633
Amounts owed by associates 48,673 50,058
Other debtors 9,550 1,060
85,255 90,751

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 18,620 9,920
Trade creditors 3,139 7,481
Amounts owed to group undertakings 220,133 185,265
Taxation and social security 76,376 76,000
Other creditors 391,754 541,294
710,022 819,960

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 17,417 22,435

9. CALLED UP SHARE CAPITAL

The share capital of £100, (2023, £100) has been allotted, called up and fully paid.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Kris Brown
Balance outstanding at start of year - -
Amounts advanced 16,462 -
Amounts repaid (7,870 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,592 -

OXYGEN ELECTRIC BIKES LIMITED (REGISTERED NUMBER: 08907756)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

11. RELATED PARTY DISCLOSURES

At the balance sheet date, 220,133 (2023 - £185,265) was owed by the company to fellow group companies.

At the balance sheet date, £48,673 (2023 - £50,058) was owed to the company by fellow group companies.

All amounts owed and owing are interest free and are repayable on demand.

Transactions between the company and all related parties including fellow group companies are concluded in each and every case under normal market conditions.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Karl Brown.

The company's ultimate parent company is Karlmarx Holdings Limited, incorporated in England and Wales.