Registration number: 01974445

Graham Price Antiques Limited

Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	5,602	5,933
Current assets
Stocks	5	124,345	111,799
Debtors	6	21,692	30,553
Cash at bank and in hand		21,073	17,294
		167,110	159,646
Creditors: Amounts falling due within one year	7	(7,091)	(7,450)
Net current assets		160,019	152,196
Total assets less current liabilities		165,621	158,129
Provisions for liabilities		(1,064)	(1,128)
Net assets		164,557	157,001
Capital and reserves
Called up share capital		50,000	50,000
Retained earnings		114,557	107,001
Shareholders' funds		164,557	157,001

Graham Price Antiques Limited

Statement of Financial Position as at 31 January 2026

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Graham Price Antiques Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 15 July 2026 and signed on its behalf by:
 

.........................................

Mr G J Price

Director

Company registration number: 01974445

Graham Price Antiques Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of antique wholesalers, importers and exporters.

2	Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the year ended 31st January 2026 and had net assets at that date amounting to £164,557.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue from the sale of antiques on the date the items are delivered to customers.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Graham Price Antiques Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

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 tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible 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 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, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	15% reducing balance
Motor Vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

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.

Graham Price Antiques Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

3	Staff numbers

The average number of persons employed by the company during the year, was 6 (2025 - 6).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	6,369	14,000	20,369
Additions	834	-	834
At 31 January 2026	7,203	14,000	21,203
Depreciation
At 1 February 2025	2,927	11,509	14,436
Charge for the year	542	623	1,165
At 31 January 2026	3,469	12,132	15,601
Carrying amount
At 31 January 2026	3,734	1,868	5,602
At 31 January 2025	3,442	2,491	5,933

5

Stocks

	2026 £	2025 £
Stock	124,345	111,799

Graham Price Antiques Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

6

Debtors

	2026 £	2025 £
Trade debtors	21,370	15,712
Other debtors	322	14,841
	21,692	30,553

7

Creditors

Creditors: amounts falling due within one year

		2026 £	2025 £
Taxation and social security		4,430	5,004
Other creditors		2,661	2,446
		7,091	7,450

8	Transactions with directors

At 31 January 2026 an amount of £Nil (2025: £14,546) was due from the directors. During the year there were advances of £14,936 and repayments of £29,482. Interest of £91 (2025: £42) is payable to the company at 2.25% up to 5 April 2025 and 3.75% thereafter. There are no set terms in place.