Company registration number 04802887 (England and Wales)
RICHARD GROVE TIPPER HIRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
RICHARD GROVE TIPPER HIRE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
RICHARD GROVE TIPPER HIRE LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
455,216
562,508
Current assets
Debtors
5
327,879
309,742
Cash at bank and in hand
52,900
16,078
380,779
325,820
Creditors: amounts falling due within one year
6
(448,087)
(436,320)
Net current liabilities
(67,308)
(110,500)
Total assets less current liabilities
387,908
452,008
Creditors: amounts falling due after more than one year
7
(121,946)
(183,785)
Provisions for liabilities
(113,804)
(140,626)
Net assets
152,158
127,597
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
152,148
127,587
Total equity
152,158
127,597
RICHARD GROVE TIPPER HIRE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 March 2026 and are signed on its behalf by:
Mr C R Grove
Director
Company registration number 04802887 (England and Wales)
RICHARD GROVE TIPPER HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Richard Grove Tipper Hire Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Tamella Road, Botley, Southampton, Hampshire, SO30 2NY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
30% reducing balance basis
Fixtures, fittings & equipment
25% reducing balance basis
Computer equipment
33.33% straight line basis
Motor vehicles
25% reducing balance basis/9.5% straight line over 7 years

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.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets. A provision is made for any impairment loss and taken to the profit and loss account.

1.5
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 current liabilities.

RICHARD GROVE TIPPER HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company only enters into basic financial instrument transactions.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

RICHARD GROVE TIPPER HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in the tax assessments.

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

The company's liability for current and deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

RICHARD GROVE TIPPER HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
18
20
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2024
13,399
8,703
2,914
1,254,436
1,279,452
Disposals
(4,071)
-
0
(1,175)
-
0
(5,246)
At 30 June 2025
9,328
8,703
1,739
1,254,436
1,274,206
Depreciation and impairment
At 1 July 2024
11,690
4,697
2,299
698,258
716,944
Depreciation charged in the year
513
1,001
460
105,024
106,998
Eliminated in respect of disposals
(3,777)
-
0
(1,175)
-
0
(4,952)
At 30 June 2025
8,426
5,698
1,584
803,282
818,990
Carrying amount
At 30 June 2025
902
3,005
155
451,154
455,216
At 30 June 2024
1,709
4,006
615
556,178
562,508
RICHARD GROVE TIPPER HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
303,003
303,792
Other debtors
24,876
5,950
327,879
309,742
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
61,839
68,013
Trade creditors
55,663
45,129
Corporation tax
54,551
20,380
Other taxation and social security
86,201
100,468
Other creditors
144,104
200,876
Accruals and deferred income
45,729
1,454
448,087
436,320
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
121,946
183,785
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
22,100
32,300
RICHARD GROVE TIPPER HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
9
Related party transactions

M R Grove Haulage Limited - Company controlled by shareholders

During the year the company invoiced £203,972 (2024: £199,058) to M R Grove Haulage Limited.

At the balance sheet date the company owed £83,827 to M R Grove Haulage Limited (2024: £83,993).

Grove Mechanical Engineering Ltd - Company controlled by shareholders

During the year the company invoiced £17,300 (2024: £32,000) to Grove Mechanical Engineering Ltd.

During the year the company was invoiced £54,083 (2024: £93,548) by Grove Mechanical Engineering Ltd.

At the balance sheet date the company owed £36,177 (2024: £41,520) to Grove Mechanical Engineering Ltd.

2025-06-30 2024-07-01 false false false 25 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr B J Grove Mr C R Grove Mr C R Grove 04802887 2024-07-01 2025-06-30 04802887 2025-06-30 04802887 2024-06-30 04802887 core:PlantMachinery 2025-06-30 04802887 core:FurnitureFittings 2025-06-30 04802887 core:ComputerEquipment 2025-06-30 04802887 core:MotorVehicles 2025-06-30 04802887 core:PlantMachinery 2024-06-30 04802887 core:FurnitureFittings 2024-06-30 04802887 core:ComputerEquipment 2024-06-30 04802887 core:MotorVehicles 2024-06-30 04802887 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 04802887 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 04802887 core:WithinOneYear 2025-06-30 04802887 core:WithinOneYear 2024-06-30 04802887 core:AfterOneYear 2025-06-30 04802887 core:AfterOneYear 2024-06-30 04802887 core:CurrentFinancialInstruments 2025-06-30 04802887 core:CurrentFinancialInstruments 2024-06-30 04802887 core:ShareCapital 2025-06-30 04802887 core:ShareCapital 2024-06-30 04802887 core:RetainedEarningsAccumulatedLosses 2025-06-30 04802887 core:RetainedEarningsAccumulatedLosses 2024-06-30 04802887 bus:CompanySecretaryDirector1 2024-07-01 2025-06-30 04802887 core:PlantMachinery 2024-07-01 2025-06-30 04802887 core:FurnitureFittings 2024-07-01 2025-06-30 04802887 core:ComputerEquipment 2024-07-01 2025-06-30 04802887 core:MotorVehicles 2024-07-01 2025-06-30 04802887 2023-07-01 2024-06-30 04802887 core:PlantMachinery 2024-06-30 04802887 core:FurnitureFittings 2024-06-30 04802887 core:ComputerEquipment 2024-06-30 04802887 core:MotorVehicles 2024-06-30 04802887 2024-06-30 04802887 core:Non-currentFinancialInstruments 2025-06-30 04802887 core:Non-currentFinancialInstruments 2024-06-30 04802887 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 04802887 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 04802887 bus:FRS102 2024-07-01 2025-06-30 04802887 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 04802887 bus:Director1 2024-07-01 2025-06-30 04802887 bus:Director2 2024-07-01 2025-06-30 04802887 bus:CompanySecretary1 2024-07-01 2025-06-30 04802887 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP