Company registration number: 05922378
Annual report and unaudited financial statements
for the year ended 31 January 2026
for
Damian Harris Cycles Limited
Pages for filing with the Registrar
Company registration number: 05922378
Damian Harris Cycles Limited
Balance sheet
as at 31 January 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 5,149 6,866
5,149 6,866
Current assets
Stocks 125,336 119,694
Cash at bank and in hand 1,522,562 1,427,417
1,647,898 1,547,111
Creditors: amounts falling due within one year
5 (229,258) (113,954)
Net current assets 1,418,640 1,433,157
Total assets less current liabilities 1,423,789 1,440,023
NET ASSETS 1,423,789 1,440,023
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,423,689 1,439,923
TOTAL EQUITY 1,423,789 1,440,023
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05922378
Damian Harris Cycles Limited
Balance sheet - continued
as at 31 January 2026
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr D Harris, Director
26 June 2026
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Damian Harris Cycles Limited
Notes to the financial statements
for the year ended 31 January 2026
1 Company information
Damian Harris Cycles Limited is a private company registered in England and Wales. Its registered number is 05922378. The company is limited by shares. Its registered office is 57 Merthyr Road, Cardiff, South Glamorgan, CF14 1DD.
2 Accounting policies
Basis of preparing the financial statements
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. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% reducing balance
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Damian Harris Cycles Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 7 (2025 - 7).
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 February 2025 10,730 57,201 67,931
At 31 January 2026 10,730 57,201 67,931
Depreciation
At 1 February 2025 10,730 50,335 61,065
Charge for year - 1,717 1,717
At 31 January 2026 10,730 52,052 62,782
Net book value
At 31 January 2026 - 5,149 5,149
At 31 January 2025 - 6,866 6,866
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Damian Harris Cycles Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
5 Creditors: amounts falling due within one year
2026 2025
£ £
Trade creditors 88,716 74,195
Amounts owed to directors 59,930 18,206
Other creditors 4,203 2,063
Taxation 20,342 7,597
VAT payable 23,661 8,765
Social security and other tax 29,806 528
Accruals and deferred income 2,600 2,600
229,258 113,954
6 Ultimate controlling party
The ultimate conntrolling party is the director by virtue of his, and his family’s, shareholdings.
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