Oxygen Electric Bikes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08907756 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

FOR

OXYGEN ELECTRIC BIKES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Karl Brown

Kris Brown

REGISTERED OFFICE:

Unit 9, Nexus

Capitol Court

Dodworth

Barnsley

S75 3UD

REGISTERED NUMBER:

08907756 (England and Wales)

FIXED ASSETS

Tangible assets

5

2,148

3,038

CURRENT ASSETS

Stocks

638,047

761,117

Debtors

6

89,701

85,255

Cash in hand

1,856

729,604

848,228

CREDITORS

Amounts falling due within one year

7

676,608

710,022

NET CURRENT ASSETS

52,996

138,206

TOTAL ASSETS LESS CURRENT
LIABILITIES

55,144

141,244

CREDITORS

Amounts falling due after more than one
year

8

(6,964

)

(17,417

)

PROVISIONS FOR LIABILITIES

(537

)

(759

)

NET ASSETS

47,643

123,068

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

47,543

122,968

SHAREHOLDERS' FUNDS

47,643

123,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2025 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.

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 19 December 2025 and were signed on its behalf by:

Kris Brown - Director

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 period 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.

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 period 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 period was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

2,023

3,941

19,812

4,333

30,109

Additions

-

467

At 30 March 2025

2,023

3,941

19,812

4,800

30,576

DEPRECIATION

At 1 April 2024

342

2,715

19,812

4,202

27,071

Charge for period

467

661

-

229

1,357

At 30 March 2025

809

3,376

19,812

4,431

28,428

NET BOOK VALUE

At 30 March 2025

1,214

565

-

369

2,148

At 31 March 2024

1,681

1,226

-

131

3,038

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

31.3.24

£

Trade debtors

3,673

27,032

Amounts owed by group undertakings

58

-

Amounts owed by associates

52,303

48,673

Other debtors

33,667

9,550

89,701

85,255

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

31.3.24

£

Bank loans and overdrafts

19,586

18,620

Trade creditors

521

3,139

Amounts owed to group undertakings

281,984

220,133

Taxation and social security

62,865

76,376

Other creditors

311,652

391,754

676,608

710,022

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.3.25

31.3.24

£

Bank loans

6,964

17,417

9.	CALLED UP SHARE CAPITAL

The share capital of £100, (2024, £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 period ended 30 March 2025 and the year ended 31 March 2024:

30.3.25

31.3.24

£

Kris Brown

Balance outstanding at start of period

8,592

-

Amounts advanced

71,309

16,462

Amounts repaid

(47,463

)

(7,870

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

32,438

8,592

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, £281,984 (2024 - £220,133) was owed by the company to fellow group companies.

At the balance sheet date, £68,178 (2024 - £48,673) 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.