Nationwide E-Bikes LLP - Filleted accounts

Registered number

OC341140

Nationwide E-Bikes LLP

Filleted Accounts

31 March 2025

Nationwide E-Bikes LLP
Registered number:		OC341140
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	11,969		15,181
Investments	4	1,000		1,000
		12,969		16,181
Current assets
Stocks		13,000		13,000
Debtors	5	34,395		39,424
Cash at bank and in hand		38,017		27,064
		85,412		79,488

Creditors: amounts falling due within one year	6	(70,719)		(39,493)

Net current assets		14,693		39,995

Total assets less current liabilities		27,662		56,176

Creditors: amounts falling due after more than one year	7	(5,015)		(15,663)


Net assets attributable to members		22,647		40,513

Represented by:

Members' other interests
Other reserves		22,647		40,513

		22,647		40,513

Total members' interests
Members' other interests		22,647		40,513

		22,647		40,513

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 8 December 2025 and signed on their behalf by:


James Duncan
Designated member

Nationwide E-Bikes LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixture and fittings	20% Reducing balance
	Motor Vehicle	25% Reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the LLP			5		4


3	Tangible fixed assets
		Fixtures and fittings		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	18,318		8,329		26,647
	At 31 March 2025	18,318		8,329		26,647

	Depreciation
	At 1 April 2024	6,651		4,815		11,466
	Charge for the year	2,333		879		3,212
	At 31 March 2025	8,984		5,694		14,678

	Net book value
	At 31 March 2025	9,334		2,635		11,969
	At 31 March 2024	11,667		3,514		15,181


4	Fixed asset investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024					1,000

	At 31 March 2025					1,000


5	Debtors			2025		2024
£					£

	Trade debtors			3,089		8,038
	Other debtors			31,306		31,386
				34,395		39,424


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,648		10,119
	Trade creditors			36,476		5,114
	Other creditors			23,595		24,260
				70,719		39,493


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			5,015		15,663


8	Other information

	Nationwide E-Bikes LLP is a limited liability partnership incorporated in England. Its registered office is:
	84 Priory Bridge Road
	Taunton
	Somerset
	TA1 1QA