Registration number:
The Electric Bike Shop Ltd
for the Year Ended 30 September 2025
The Electric Bike Shop Ltd
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
The Electric Bike Shop Ltd
Company Information
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Directors |
K Haden L S Kidger S Atkins |
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Registered office |
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Auditors |
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The Electric Bike Shop Ltd
Strategic Report for the Year Ended 30 September 2025
The directors present their strategic report for the year ended 30 September 2025.
Fair review of the business
Within a tough trading environment across the cycling industry, there has been a reduction in revenue of 12.3% to £11.3 million (2024: £12.9 million). However, the reduction in cost of sales of 17.3% to £8.4 million (2024: £10.1 million) resulted in an increase in gross profit for the Company of 6.2%, up to £2.9 million in the year.
The improvement in gross profit can be attributed to a more refined brand focus, alongside more significant focus on inline, full priced product which accounted for a much larger part of the company's revenue. Discounting still continued, but in a much more strategic way for the business to deliver improved profitability.
At the same time administrative expenses reduced by £0.1m (2.7%) versus the prior year; the operating loss has also reduced by 30.6% down to £582k (2024: £840k) demonstrating the improved performance in the financial year, whilst still facing challenges in line with others in the industry.
In relation to the balance sheet, net liabilities increased from £2.6 million in 2024 to £3.4 million as at 2025.
The Board remains confident of the Company’s going concern status, due to positive measures implemented to grow revenue, alongside commitment within the group to continue supporting the Company due to the attractive commercial opportunities. In addition to this, the Board anticipates growth in 2027.
The long-term strategic aims of the company are:
- Revenue growth as demonstrated in 2026, with a much better inline performance
- Margin stabilisation through an increased brand focus strategy alongside new categories with higher margins available
- Continual control of administrative costs, with a view to reducing the OPEX % to net sales
- Refined strategic focus of the sales estate, understanding that bricks and mortar retail is continually changing.
Principal risks and uncertainties
The major risks that could affect the business going forward continue to be the cost of living and inflation which will continue to affect consumer spending.
Approved and authorised by the
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The Electric Bike Shop Ltd
Directors' Report for the Year Ended 30 September 2025
The directors present their report and the financial statements for the year ended 30 September 2025.
Principal activity
The principal activity of the company is that of a retailer of electric bikes.
Directors of the company
The directors who held office during the year were as follows:
Financial instruments
The results for the year are set out on page 8. No ordinary dividends were paid.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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The Electric Bike Shop Ltd
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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• |
select suitable accounting policies and apply them consistently; |
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Electric Bike Shop Ltd
Independent Auditor's Report to the Members of The Electric Bike Shop Ltd
Opinion
We have audited the financial statements of The Electric Bike Shop Ltd (the 'company') for the year ended 30 September 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its loss for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Other matters
The financial statements for the year ended 30 September 2024 were unaudited.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
The Electric Bike Shop Ltd
Independent Auditor's Report to the Members of The Electric Bike Shop Ltd
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The Electric Bike Shop Ltd
Independent Auditor's Report to the Members of The Electric Bike Shop Ltd
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:
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We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in which it operates. We identify the areas of those legal and regulatory frameworks which could reasonably be expected to have a material effect on the financial statements, based on our experience and through discussion with management. |
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We assessed compliance with these laws and regulations through enquiry with management, review of any internal reporting with respect to compliance with laws and regulations, and review of minutes of board meetings. |
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We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. In addressing the risk of fraud including the risk of fraud in revenue recognition and management override of controls, we have performed journals testing based on a set of risk criteria and tested to supporting documentation where applicable. Audit procedures also included detailed transactional testing with a particular focus around the year-end cut off procedures. |
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-
guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
25 King Street
Bristol
BS1 4PB
The Electric Bike Shop Ltd
Profit and Loss Account for the Year Ended 30 September 2025
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Note |
2025 |
(Unaudited |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
|
|
|
Operating loss |
(582,457) |
(839,767) |
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
( |
( |
|
|
(195,632) |
(231,592) |
||
|
Loss before tax |
( |
( |
|
|
Tax on loss |
- |
- |
|
|
Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
The Electric Bike Shop Ltd
(Registration number: 09097113)
Balance Sheet as at 30 September 2025
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Note |
2025 |
(Unaudited |
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Fixed assets |
|||
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Tangible assets |
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Current assets |
|||
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Stocks |
|
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Debtors |
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|
|
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Cash at bank and in hand |
|
|
|
|
|
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||
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
|
|
Total assets less current liabilities |
( |
( |
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Net liabilities |
( |
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
103 |
103 |
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|
Share premium reserve |
29,997 |
29,997 |
|
|
Retained earnings |
(3,392,523) |
(2,614,434) |
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|
Shareholders' deficit |
(3,362,423) |
(2,584,334) |
Approved and authorised by the
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The Electric Bike Shop Ltd
Statement of Changes in Equity for the Year Ended 30 September 2025
|
Share capital |
Share premium |
Retained earnings |
Total |
|
|
At 1 October 2024 |
|
|
( |
( |
|
Loss for the year |
- |
- |
( |
( |
|
At 30 September 2025 |
|
|
( |
( |
|
Share capital |
Share premium |
Retained earnings |
Total |
|
|
At 1 October 2023 (Unaudited) |
|
|
( |
( |
|
Loss for the year |
- |
- |
( |
( |
|
At 30 September 2024 (Unaudited) |
103 |
29,997 |
(2,614,434) |
(2,584,334) |
The Electric Bike Shop Ltd
Statement of Cash Flows for the Year Ended 30 September 2025
|
Note |
2025 |
(Unaudited |
|
|
Cash flows from operating activities |
|||
|
Loss for the year |
( |
( |
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Loss on disposal of tangible assets |
|
|
|
|
Finance income |
( |
( |
|
|
Finance costs |
|
|
|
|
Impairment loss |
- |
75,000 |
|
|
( |
( |
||
|
Working capital adjustments |
|||
|
Increase in stocks |
( |
( |
|
|
Increase in trade debtors |
( |
( |
|
|
Increase in trade creditors |
|
|
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
- |
|
|
|
Net cash flows from investing activities |
( |
|
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Repayment of bank borrowing draw downs |
( |
( |
|
|
Repayment of other borrowing |
( |
( |
|
|
Payments to finance lease creditors |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net decrease in cash and cash equivalents |
( |
( |
|
|
Cash and cash equivalents at 1 October |
|
|
|
|
Cash and cash equivalents at 30 September |
313,687 |
771,749 |
|
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The wider group have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Government grants
Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Leasehold improvements |
20% straight line |
|
Furniture, fittings and equipment |
33% straight line |
|
Motor vehicles |
20% straight line |
|
Finance leased assets |
20% straight line |
|
Plant and machinery |
20% straight line |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are recognised at the transaction price.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Prior year adjustment |
The unaudited results for the year ended 30 September 2024 have been restated from the results previously reported. The adjustment is to correct the recognition of stock and to correct the current and non-current intercompany debtors balance.
The financial impact of the restatements on the year ended 30 September 2024 are as follows:
- Increase cost of sales by £82,086
- Reduce stock by £82,086
- Decrease profit before tax by £82,086
- Decrease reserves carried forward as at 30 September 2024 by £82,086
- Reduce amounts owed by group undertakings due after one year by £75,000
- Increase amounts owed by group undertakings falling due within one year by £75,000
|
Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
|
2025 |
(Unaudited) |
|
|
Sale of goods |
|
|
|
Other operating income |
The analysis of the company's other operating income for the year is as follows:
|
2025 |
(Unaudited) |
|
|
Other operating income |
|
|
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Operating loss |
Arrived at after charging/(crediting)
|
2025 |
(Unaudited) |
|
|
Depreciation expense |
|
|
|
Impairment loss |
- |
|
|
Loss on disposal of property, plant and equipment |
|
|
|
Other interest receivable and similar income |
|
2025 |
(Unaudited) |
|
|
Interest income on bank deposits |
|
|
|
Interest payable and similar expenses |
|
2025 |
(Unaudited) |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
Interest expense on other finance liabilities |
|
|
|
Foreign exchange losses |
- |
( |
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
(Unaudited) |
|
|
Wages and salaries |
1,622,473 |
1,623,166 |
|
Social security costs |
166,905 |
140,600 |
|
Pension costs, defined contribution scheme |
44,561 |
72,991 |
|
Other employee expense |
43,369 |
28,391 |
|
1,877,308 |
1,865,148 |
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
(Unaudited) |
|
|
Sales |
50 |
46 |
|
Administration |
11 |
11 |
|
Management |
2 |
3 |
|
63 |
60 |
The average number of persons employed by the company (including directors) during the year, was 63 (2024 - 60).
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
(Unaudited) |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
108,149 |
100,564 |
During the year the number of directors who were receiving benefits was as follows:
|
2025 |
(Unaudited) |
|
|
Accruing benefits under defined contribution pension scheme |
|
|
In respect of the highest paid director:
|
2025 |
(Unaudited) |
|
|
Remuneration |
|
|
|
Defined contribution accrued pension entitlement at the end of the period |
|
|
|
Auditors' remuneration |
|
2025 |
(Unaudited) |
|
|
Audit of the financial statements |
|
- |
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
(Unaudited) |
|
|
Current taxation |
||
|
UK corporation tax |
- |
- |
|
Tax expense/(receipt) in the income statement |
- |
- |
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
(Unaudited) |
|
|
Loss before tax |
( |
( |
|
Corporation tax at standard rate |
- |
- |
|
Total tax charge/(credit) |
- |
- |
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Finance leased assets |
Other tangible assets |
Total |
|
|
Cost or valuation |
||||||
|
At 1 October 2024 (Unaudited) |
|
|
|
|
|
|
|
Additions |
|
|
- |
- |
- |
|
|
Disposals |
( |
( |
- |
- |
( |
( |
|
At 30 September 2025 |
|
|
|
|
|
|
|
Depreciation |
||||||
|
At 1 October 2024 (Unaudited) |
|
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
|
Eliminated on disposal |
( |
( |
- |
- |
( |
( |
|
At 30 September 2025 |
|
|
|
|
|
|
|
Carrying amount |
||||||
|
At 30 September 2025 |
|
|
|
|
|
|
|
At 30 September 2024 (Unaudited) |
|
|
|
|
|
|
Included within the net book value of land and buildings above is £127,273 (2024 - £182,413) in respect of short leasehold land and buildings.
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Investments |
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 October 2024 (Unaudited) |
|
|
At 30 September 2025 |
|
|
Provision |
|
|
At 1 October 2024 (Unaudited) |
|
|
At 30 September 2025 |
|
|
Carrying amount |
|
|
At 30 September 2025 |
- |
|
At 30 September 2024 (Unaudited) |
- |
|
Stocks |
|
2025 |
(Unaudited |
|
|
Other inventories |
|
|
|
Debtors |
|
Current |
2025 |
(Unaudited |
|
Trade debtors |
|
|
|
Amounts owed by group undertakings |
|
|
|
Other debtors |
|
|
|
Prepayments |
|
|
|
|
|
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Creditors |
|
Note |
2025 |
(Unaudited) |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts due to group undertakings |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
(Unaudited) |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100 |
|
100 |
|
|
|
3 |
|
3 |
|
|
|
|
|
|
All rights are the same for both classes of share.
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Loans and borrowings |
Current loans and borrowings
|
2025 |
(Unaudited) |
|
|
Bank borrowings |
|
|
|
Hire purchase contracts |
|
|
|
Directors' loan accounts |
|
|
|
|
|
|
Non-current loans and borrowings
|
2025 |
(Unaudited) |
|
|
Bank borrowings |
|
|
|
Hire purchase contracts |
|
|
|
Unsecured debentures |
|
|
|
|
|
|
At the balance sheet date, the amount owed by the company to the directors was £479,215 (2024: £633,862). No guarantees were provided in respect of this balance.
During the year the company repaid £154,647 (all of which was paid before the year end). No amounts were written off or waived during the year and the loan is interest-free. The directors are considered a related party under FRS 102 Section 33.
Within the bank borrowings amounts, there is a £250,000 loan with Funding Circle, which has a total term of 72 months, annual interest rate of 9.4% and repayment began in October 2021, a month after drawdown. There is also a £500,000 FIBR loan, which has a total term of 60 months, monthly interest rate of 0.8% and repayment began in December 2021, a month after drawdown.
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Obligations under leases and hire purchase contracts |
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
(Unaudited) |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
(Unaudited) |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Analysis of changes in net debt |
|
At 1 October 2024 |
Cash flows |
At 30 September 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
771,749 |
(458,062) |
313,687 |
|
Borrowings |
|||
|
Long term borrowings |
1,139,767 |
(290,785) |
848,982 |
|
Short term borrowings |
831,649 |
(61,649) |
770,000 |
|
1,971,416 |
(352,434) |
1,618,982 |
|
|
|
( |
|
|
|
|
|||
The Electric Bike Shop Ltd
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Related party transactions |
FRS 102 does not require disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly-owned by such a member.
Expenditure with and payables to related parties
|
2025 |
Entities with |
|
Purchase of goods |
|
|
Amounts payable to related party |
|
|
|
|
|
2024 (Unaudited) |
Entities with |
|
Purchase of goods |
|
|
Amounts payable to related party |
|
|
|
|
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is Mr
The registered address of E Transport Group Ltd is:
157 Whiteladies Road
Bristol
England
BS8 2RF