Company No: 01171744 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	M T J Ovenden
	A J R Ovenden

Registered office	Hegdale Quarry
	Ashford Road
	Badlesmere
	Faversham
	Kent
	ME 13 0JX
	United Kingdom

Company number

01171744 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,093,419		785,812
		1,093,419		785,812
Current assets
Debtors	4	878,831		2,136,636
Cash at bank and in hand		359,357		1,262,266
		1,238,188		3,398,902
Creditors: amounts falling due within one year	5	( 1,442,654)		( 2,699,984)
Net current (liabilities)/assets		(204,466)		698,918
Total assets less current liabilities		888,953		1,484,730
Creditors: amounts falling due after more than one year	6	( 763,444)		( 348,793)
Provision for liabilities		( 100,582)		( 181,052)
Net assets		24,927		954,885
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		24,827		954,785
Total shareholder's funds		24,927		954,885

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Ovenden Tipper Services Limited (registered number: 01171744) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

A J R Ovenden Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ovenden Tipper Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hegdale Quarry, Ashford Road, Badlesmere, Faversham, Kent, ME 13 0JX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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 fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Office equipment	20 % reducing balance
Other property, plant and equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	27		26

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	1,030,536		70,471		29,074		732,747		1,862,828
Additions	0		0		6,737		793,645		800,382
Disposals	( 1,030,536)		( 45,471)		( 17,669)		0		( 1,093,676)
At 31 December 2024	0		25,000		18,142		1,526,392		1,569,534
Accumulated depreciation
At 01 January 2024	728,524		50,766		18,177		279,549		1,077,016
Charge for the financial year	42,928		713		2,111		167,419		213,171
Disposals	( 771,452)		( 29,331)		( 13,289)		0		( 814,072)
At 31 December 2024	0		22,148		6,999		446,968		476,115
Net book value
At 31 December 2024	0		2,852		11,143		1,079,424		1,093,419
At 31 December 2023	302,012		19,705		10,897		453,198		785,812

4. Debtors

	2024		2023
	£		£
Trade debtors	808,971		579,658
Other debtors	69,860		1,556,978
	878,831		2,136,636

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	15,661		10,128
Trade creditors	607,024		596,428
Amounts owed to Group undertakings	28,668		0
Amounts owed to connected companies	0		1,775,235
Taxation and social security	79,636		129,673
Obligations under finance leases and hire purchase contracts	187,830		82,208
Other creditors	523,835		106,312
	1,442,654		2,699,984

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	0		15,670
Obligations under finance leases and hire purchase contracts	763,444		333,123
	763,444		348,793

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2024		2023
	£		£
Amounts written off	320,758		0

During the year, the company wrote off a debtor balance of £320,758.11 owed by a related party in which the company held a participating interest. The related party entered administration during the year, and the amount was deemed irrecoverable.

This transaction has been recognised as a bad debt expense in the profit and loss account. The write-off reflects the company's assessment of recoverability following the related party's entry into administration

9. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.

10. Ultimate controlling party

Parent Company:

R H Ovenden Holdings Ltd

Hegdale Quarry Hegdale Quarry, Ashford Rd, Badlesmere, Faversham, County, United Kingdom, ME13 0JX