REGISTERED NUMBER: 06027175 (England and Wales)

Strategic Report, Report of the Director and

Audited Financial Statements for the Year Ended 31 March 2025

for

Andrews Tipper Hire Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

4

Income Statement

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTOR:

D T W Andrews

REGISTERED OFFICE:

Unit 7 Invicta Park

New Hythe Lane

Larkfield

Aylesford

Kent

ME20 7FG

REGISTERED NUMBER:

06027175 (England and Wales)

AUDITORS:

CWF & Partners Ltd

Chartered Accountants and

Statutory Auditor

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

The director presents his strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

Turnover in the year is reported at £12,641k (2024 - £15,605k) following the completion of major contracts but the company continues to trade with a number of ongoing contracts in place. Despite the fall in turnover, the company has been able to improve the profit level. The profit after taxation was £514k (2024 - £282k) and at the year end the company's net assets were £2,994k (2024 - £2,479k).

The company hires its operating fleet of vehicles and plant, which are constantly updated, from a connected company and therefore have a reliable source for the continued availability to deal with contract demands. As the company operates in highly regulated industrial sectors, the director ensures that the company complies with all its environmental and regulatory responsibilities which operations are continuously reviewed. The vehicle fleet and plant are compliant with all operational laws and regulations and the company has all the essential accreditations.

The director is pleased with the company's performance which continues to manage the challenges of the adverse impact of the inflationary pressures on direct costs. He believes the company is also well placed to continue remaining profitable for the foreseeable future.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's activities expose it to a number of financial and liquidity risks which are addressed through a framework of policies, procedures, and internal controls. The company's principal asset at risk is trade debtors and credit risk arising out of exposure to customers outstanding receivables. The company operates a policy to regularly review the credit ratings and credit limits of its customers.

Due to a strict application of customer credit control, cash flow allows trade creditors to be paid in a timely manner, ensuring the company's credit rating continues to reflect its financial status.

The director's strategy is to build a high quality business by maintaining and strengthening the balance sheet and ensuring sufficient funding to maintain operational flexibility.

KEY PERFORMANCE INDICATORS

The key performance indicators are summaries below:

31.3.25

31.3.24

Turnover

£12,641k

£15,605k

Gross profit %

11.97%

8.06%

Liquidity

1.84

1.85

Sales credit days

50

28

Purchase credit days

23

12

ON BEHALF OF THE BOARD:

D T W Andrews - Director

6 November 2025

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

RESULTS

The profit for the year after taxation amounted to £514k (2024: £282k).

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of haulage related construction activities.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 was Nil (2024 - £20,000). The director does not recommend payment of a final dividend.

DIRECTOR

D T W Andrews held office during the whole of the period from 1 April 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

During the year, the company made donations of £5,000. There were no political donations.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, CWF & Partners Ltd, will be proposed for re-appointment in accordance with Section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

D T W Andrews - Director

6 November 2025

Opinion

We have audited the financial statements of Andrews Tipper Hire Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement 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 31 March 2025 and of its profit 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 Auditors' 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.

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 financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors 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.

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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the 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 or the Report of the Director.

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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

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 extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the company and the industry in which it operates, we identified that the principal risks of non- compliance with relevant laws and regulations related to Companies Act 2006, UK tax legislation, health and safety regulations, registered Environment Agency Waste Carriers, Fleet Operator Recognition Scheme (FORS) and registered goods vehicle operator. Non-compliance with these laws and regulations might have a material effect on the financial statements.

We evaluated management's incentives and opportunity for fraudulent manipulation of the financial statement (including the risk of override of controls) and determined that the principal risks were posting of unusual journal entries outside the normal course of business and revenue recognition journal entries to manipulate the company's performance profit measures and other key performance indicators.

Audit procedures performed included: review of the financial statements and disclosures to underlying supporting documentation, review of compliance with the above laws and regulations, enquiries with management, testing of journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Under ISA 240 (UK) there is a presumed risk that revenue may be misstated due to the improper recognition of revenue. To address this risk, we obtained an understanding of the company's revenue recognition policies and compared these to the accounting standard, performed a walkthrough to confirm our understanding of the processes and controls through which the business initiates, records, processes and reports revenue transactions. We tested a sample of revenue transactions to supporting evidence and tested, on a sample basis, revenue related balances in the balance sheet.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

A J Fitzgerald FCA (Senior Statutory Auditor)

for and on behalf of CWF & Partners Ltd

Chartered Accountants and

Statutory Auditor

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

6 November 2025

TURNOVER

4

12,641,151

15,604,822

Cost of sales

(11,128,195

)

(14,346,378

)

GROSS PROFIT

1,512,956

1,258,444

Administrative expenses

(817,566

)

(873,692

)

OPERATING PROFIT

6

695,390

384,752

Interest receivable and similar income

10,943

15,085

706,333

399,837

Interest payable and similar expenses

7

(8,402

)

(6,110

)

PROFIT BEFORE TAXATION

697,931

393,727

Tax on profit

8

(183,065

)

(111,334

)

PROFIT FOR THE FINANCIAL YEAR

514,866

282,393

FIXED ASSETS

Tangible assets

10

69,438

87,800

CURRENT ASSETS

Debtors

11

6,113,872

4,288,994

Cash at bank

307,237

904,683

6,421,109

5,193,677

CREDITORS

Amounts falling due within one year

12

3,496,561

2,802,357

NET CURRENT ASSETS

2,924,548

2,391,320

TOTAL ASSETS LESS CURRENT LIABILITIES

2,993,986

2,479,120

CAPITAL AND RESERVES

Called up share capital

14

2

2

Retained earnings

2,993,984

2,479,118

SHAREHOLDERS' FUNDS

2,993,986

2,479,120

The financial statements were approved by the director and authorised for issue on 6 November 2025 and were signed by:

D T W Andrews - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

2

2,216,725

2,216,727

Changes in equity

Dividends

-

(20,000

)

(20,000

)

Total comprehensive income

-

282,393

282,393

Balance at 31 March 2024

2

2,479,118

2,479,120

Changes in equity

Total comprehensive income

-

514,866

514,866

Balance at 31 March 2025

2

2,993,984

2,993,986

Cash flows from operating activities

Cash generated from operations

17

(214,708

)

(2,895,689

)

Interest paid

(8,402

)

(6,110

)

Tax paid

(381,081

)

(24,886

)

Net cash from operating activities

(604,191

)

(2,926,685

)

Cash flows from investing activities

Purchase of tangible fixed assets

(4,198

)

(15,560

)

Interest received

10,943

15,085

Net cash from investing activities

6,745

(475

)

Cash flows from financing activities

Equity dividends paid

-

(20,000

)

Net cash from financing activities

-

(20,000

)

Decrease in cash and cash equivalents

(597,446

)

(2,947,160

)

Cash and cash equivalents at beginning of year

18

904,683

3,851,843

Cash and cash equivalents at end of year

18

307,237

904,683

1.	STATUTORY INFORMATION

Andrews Tipper Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements are prepared on a going concern basis under the historical cost convention.

The financial statements have been prepared in accordance with FRS 102 '' The Financial Reporting Standard applicable in the UK and Republic of Ireland'' (FRS102).

The preparation of the financial statements under FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies (see below).

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical events and other factors, including expectations of future events that are believed to be reasonable at the time. The principal areas where judgements are exercised are as follows:

i) Tangible fixed assets: the directors annually assess both the residual value of these assets and the expected useful life of such assets based on their experience.

ii) Recoverability of trade debtors: the directors annually assess whether a bad debt provision is required for any bad or doubtful debts.

iii) Accrued income reflects provision for work done to the balance sheet date. This is calculated based on knowledge of the progress of the work carried out.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year exclusive of value added tax. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue for delivery of loads are recognised on the date the loads are delivered to the site agreed with the customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

Financial instruments

The company has chosen to adopt the provisions of Section 11 ' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all its financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances and intra-group balances, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at cost and amortised cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised costs, the impairment loss is measured as the difference between the asset's carrying amount and the present value of the estimated cash flow discounted at the asset's original effective interest rate.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank overdraft, intra-group balances and hire purchase contracts, 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 receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

31.3.25

31.3.24

£

£

United Kingdom

12,641,151

15,604,822

12,641,151

15,604,822

5.	EMPLOYEES AND DIRECTORS

31.3.25

31.3.24

£

£

Wages and salaries

3,820,348

4,644,003

Social security costs

405,051

492,796

4,225,399

5,514,955

The average number of employees including the director during the year was as follows:

31.3.25

31.3.24

Direct and administrative

96

115

31.3.25

31.3.24

£

£

Director's remuneration

39,000

39,750

6.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

22,560

29,267

Auditors' remuneration

15,500

14,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

Interest on overdue paye

1,482

189

Interest on overdue tax

6,920

5,921

8,402

6,110

8.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

183,065

111,334

Tax on profit

183,065

111,334

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.25

31.3.24

£

£

Profit before tax

697,931

393,727

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

174,483

98,432

Effects of:

Expenses not deductible for tax purposes

5,426

11,002

Depreciation in excess of capital allowances

3,156

1,900

Total tax charge

183,065

111,334

9.

DIVIDENDS

31.3.25

31.3.24

£

£

Interim

-

20,000

10.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

15,560

108,274

123,834

Additions

4,198

-

4,198

At 31 March 2025

19,758

108,274

128,032

DEPRECIATION

At 1 April 2024

3,890

32,144

36,034

Charge for year

3,528

19,032

22,560

At 31 March 2025

7,418

51,176

58,594

NET BOOK VALUE

At 31 March 2025

12,340

57,098

69,438

At 31 March 2024

11,670

76,130

87,800

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,723,674

1,206,824

Other debtors

25,000

75,104

Amount due from related companies

4,067,997

1,820,885

Prepayments and accrued income

297,201

1,186,181

6,113,872

4,288,994

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

715,693

461,447

Corporation tax

92,904

290,920

Social security and other taxes

118,391

93,666

VAT

196,752

50,227

Other creditors

65,394

52,201

Amount owed to related companies

2,197,637

1,824,790

Directors' current accounts

10,590

7,256

Accrued expenses

99,200

21,850

3,496,561

2,802,357

13.	SECURED DEBTS

On 17 March 2022, the company gave a guarantee to its bankers in exchange for lending facilities provided to a related company.This was satisfied on 17 July 2025.

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

15.	RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

31.3.25

31.3.24

£

£

Sales

1,448,516

3,232,267

Purchases and plant hire charges

2,061,049

2,905,383

Rent

44,000

-

Amount due from related party

4,067,997

1,820,885

Amount due to related party

2,197,637

1,824,790

Amount due from/to related companies are unsecured, interest free, have no fixed date of repayment and are repayable/payable on demand.

16.	ULTIMATE CONTROLLING PARTY

The controlling party is D T W Andrews.

17.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.3.25

31.3.24

£

£

Profit before taxation

697,931

393,727

Depreciation charges

22,560

29,267

Finance costs

8,402

6,110

Finance income

(10,943

)

(15,085

)

717,950

414,019

Increase in trade and other debtors

(1,824,878

)

(758,772

)

Increase/(decrease) in trade and other creditors

892,220

(2,550,936

)

Cash generated from operations

(214,708

)

(2,895,689

)

18.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

307,237

904,683

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

904,683

3,851,843

19.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank

904,683

(597,446

)

307,237

904,683

(597,446

)

307,237

Total

904,683

(597,446

)

307,237