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REGISTERED NUMBER: 03125754 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 January 2025

for

Oak Electrical Limited

| Oak Electrical Limited (Registered number: 03125754) |

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Statement of Comprehensive Income | 6 |

| Balance Sheet | 7 |

| Statement of Changes in Equity | 8 |

| Cash Flow Statement | 9 |

| Notes to the Cash Flow Statement | 10 |

| Notes to the Financial Statements | 11 |

| Oak Electrical Limited |

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | A Cook

| I Kavanagh

| B Pashley

| R Jackson

| REGISTERED OFFICE: | Werner Court

| Blue Ridge Park

| Glasshoughton

| Castleford

| West Yorkshire

| WF10 4TN

| REGISTERED NUMBER: | 03125754 (England and Wales)

| AUDITORS: | KJA Kilner Johnson Ltd (Statutory Auditors)

| Woodland House

| Woodland Park

| Bradford Road

| Cleckheaton

| BD19 6BW

| Oak Electrical Limited (Registered number: 03125754) |

Strategic Report

for the Year Ended 31 January 2025

The directors present their strategic report for the year ended 31 January 2025.

REVIEW OF BUSINESS

The results of the company as set out on page 6 show a profit on ordinary activities before tax of £1,884,616 (2024: £1,953,420).

The Company's statement of financial position set out on page 7, remains strong with good cash reserves.

During the year the Company have focused on cost management to ensure that profits remain strong in difficult economic trading conditions.

PRINCIPAL RISKS AND UNCERTAINTIES

Financial, credit, liquidity and cashflow risk are considered low as the company continues to show strong profitability and cash generation. Working capital is managed and constantly reviewed on a weekly basis. The company maintains a healthy balance sheet which remains strong due to continued investment in the Company's assets that allow the business to run efficiently.

BUSINESS ENVIRONMENT

Since the year end, the company has seen positive results and anticipates similar trading levels in the oncoming year.

STRATEGY

The business strategy for 2026 sees the company continuing to concentrate on delivering profitable and sustainable growth through investments in key personnel, sales and strong customer service.

KEY PERFORMANCE INDICATORS

The board monitors the progress of the company by reference to the following KPI's :

| 2025 |  | 2024 |

| £ |  | £ |

Turnover |  | 20,613,775 |  | 20,174,133 |

Gross profit percentage |  | 24.7% |  | 23.4% |

Operating profit percentage |  | 9.1% |  | 4.6% |

The main non-financial KPI is number of contracts per customer.

FUTURE DEVELOPMENTS

The company feels that it is well placed to continue to grow its customer base and profitability.

ON BEHALF OF THE BOARD:

A Cook - Director

28 August 2025

| Oak Electrical Limited (Registered number: 03125754) |

Report of the Directors

for the Year Ended 31 January 2025

The directors present their report with the financial statements of the company for the year ended 31 January 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of electrical installation.

DIVIDENDS

No interim dividend was paid during the year. The directors recommend a final dividend of 10000 per share.

The total distribution of dividends for the year ended 31 January 2025 will be £ 1,000,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

A Cook

I Kavanagh

B Pashley

R Jackson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are 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 each director 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, KJA Kilner Johnson Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Cook - Director

28 August 2025

Report of the Independent Auditors to the Members of

Oak Electrical Limited

Opinion

We have audited the financial statements of Oak Electrical Limited (the 'company') for the year ended 31 January 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 January 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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 Directors 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 Directors 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 Directors.

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 directors' remuneration specified by law are not made; or

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

Report of the Independent Auditors to the Members of

Oak Electrical Limited

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have 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.

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

While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage.

We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to us.

While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.

The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting.

These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.

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.

Raza Effendi MBA FCA (Senior Statutory Auditor)

for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

28 August 2025

| Oak Electrical Limited (Registered number: 03125754) |

Statement of Comprehensive

Income

for the Year Ended 31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 20,613,775 |  | 20,174,133 |  |

Cost of sales | 15,523,981 |  | 15,443,164 |  |

GROSS PROFIT | 5,089,794 |  | 4,730,969 |  |

Administrative expenses | 3,230,120 |  | 4,006,476 |  |

1,859,674 |  | 724,493 |  |

Other operating income | - |  | 199,750 |  |

OPERATING PROFIT | 4 | 1,859,674 |  | 924,243 |  |

Interest receivable and similar income | 42,632 |  | 35,179 |  |

1,902,306 |  | 959,422 |  |

Interest payable and similar expenses | 6 | 17,690 |  | 6,002 |  |

PROFIT BEFORE TAXATION | 1,884,616 |  | 953,420 |  |

Tax on profit | 7 | 473,184 |  | 233,532 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,411,432 |  | 719,888 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,411,432 |  | 719,888 |  |

| Oak Electrical Limited (Registered number: 03125754) |

Balance Sheet

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 685,807 |  | 631,562 |  |

CURRENT ASSETS

Stocks | 10 | 41,322 |  | 41,322 |  |

Debtors | 11 | 2,052,423 |  | 2,412,438 |  |

Cash at bank and in hand | 5,105,212 |  | 4,426,369 |  |

7,198,957 |  | 6,880,129 |  |

CREDITORS

Amounts falling due within one year | 12 | 3,507,765 |  | 3,491,099 |  |

NET CURRENT ASSETS | 3,691,192 |  | 3,389,030 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,376,999 |  | 4,020,592 |  |

CREDITORS

Amounts falling due after more than one year | 13 | (43,443 | ) | (103,349 | ) |

PROVISIONS FOR LIABILITIES | 16 | (140,165 | ) | (135,284 | ) |

NET ASSETS | 4,193,391 |  | 3,781,959 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 100 |  | 100 |  |

Retained earnings | 18 | 4,193,291 |  | 3,781,859 |  |

SHAREHOLDERS' FUNDS | 4,193,391 |  | 3,781,959 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:

A Cook - Director

| Oak Electrical Limited (Registered number: 03125754) |

Statement of Changes in Equity

for the Year Ended 31 January 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 February 2023 | 100 |  | 3,061,971 |  | 3,062,071 |  |

Changes in equity

Total comprehensive income | - |  | 719,888 |  | 719,888 |  |

Balance at 31 January 2024 | 100 |  | 3,781,859 |  | 3,781,959 |  |

Changes in equity

Dividends | - |  | (1,000,000 | ) | (1,000,000 | ) |

Total comprehensive income | - |  | 1,411,432 |  | 1,411,432 |  |

Balance at 31 January 2025 | 100 |  | 4,193,291 |  | 4,193,391 |  |

| Oak Electrical Limited (Registered number: 03125754) |

Cash Flow Statement

for the Year Ended 31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,188,088 |  | 1,480,705 |  |

Interest paid | (3,097 | ) | - |  |

Interest element of hire purchase payments paid | (14,593 | ) | (6,002 | ) |

Tax paid | (191,484 | ) | (139,434 | ) |

Net cash from operating activities | 978,914 |  | 1,335,269 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (274,558 | ) | (466,849 | ) |

Sale of tangible fixed assets | 43,410 |  | 55,770 |  |

Interest received | 42,632 |  | 35,179 |  |

Net cash from investing activities | (188,516 | ) | (375,900 | ) |

Cash flows from financing activities

Capital repayments in year | (60,142 | ) | 102,834 |  |

Amount introduced by directors | (1,174 | ) | - |  |

Amount withdrawn by directors | 992,903 |  | (94,637 | ) |

Amounts paid to participating interest | (43,142 | ) | 127,898 |  |

Equity dividends paid | (1,000,000 | ) | - |  |

Net cash from financing activities | (111,555 | ) | 136,095 |  |

Increase in cash and cash equivalents | 678,843 |  | 1,095,464 |  |

Cash and cash equivalents at beginning of year | 2 | 4,426,369 |  | 3,330,905 |  |

Cash and cash equivalents at end of year | 2 | 5,105,212 |  | 4,426,369 |  |

| Oak Electrical Limited (Registered number: 03125754) |

Notes to the Cash Flow Statement

for the Year Ended 31 January 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,884,616 |  | 953,420 |  |

| Depreciation charges | 192,475 |  | 171,103 |  |

| Profit on disposal of fixed assets | (15,571 | ) | (19,401 | ) |

| Finance costs | 17,690 |  | 6,002 |  |

| Finance income | (42,632 | ) | (35,179 | ) |

2,036,578 |  | 1,075,945 |  |

| Increase in stocks | - |  | (1,968 | ) |

| Decrease/(increase) in trade and other debtors | 360,015 |  | (1,225,373 | ) |

| (Decrease)/increase in trade and other creditors | (1,208,505 | ) | 1,632,101 |  |

| Cash generated from operations | 1,188,088 |  | 1,480,705 |  |

2. | 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 January 2025

| 31.1.25 |  | 1.2.24

£ | £ |

| Cash and cash equivalents | 5,105,212 |  | 4,426,369 |  |

| Year ended 31 January 2024

| 31.1.24 |  | 1.2.23

£ | £ |

| Cash and cash equivalents | 4,426,369 |  | 3,330,905 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.2.24 | Cash flow | At 31.1.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 4,426,369 |  | 678,843 |  | 5,105,212 |  |

4,426,369 |  | 678,843 |  | 5,105,212 |  |

| Debt

| Finance leases | (169,337 | ) | 60,142 |  | (109,195 | ) |

(169,337 | ) | 60,142 |  | (109,195 | ) |

| Total | 4,257,032 |  | 738,985 |  | 4,996,017 |  |

| Oak Electrical Limited (Registered number: 03125754) |

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Oak Electrical 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| 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.

| Plant and machinery | - | 25% reducing balance

| Fixtures and fittings | - | 25% reducing balance

| Motor vehicles | - | 25% reducing balance

| Computer equipment | - | 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Oak Electrical Limited (Registered number: 03125754) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,438,419 |  | 3,415,425 |  |

| Social security costs | 402,195 |  | 302,374 |  |

| Other pension costs | 34,874 |  | 33,825 |  |

2,875,488 |  | 3,751,624 |  |

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

| 2025 |  | 2024

| Number of employees | 35 |  | 39 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 562,338 |  | 1,585,460 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 206,000 |  | 704,132 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Vehicle Hire | 168,443 |  | 182,058 |  |

| Other operating leases | 131,518 |  | 102,242 |  |

| Depreciation - owned assets | 144,885 |  | 125,527 |  |

| Depreciation - assets on hire purchase contracts | 47,589 |  | 45,576 |  |

| Profit on disposal of fixed assets | (15,571 | ) | (19,401 | ) |

5. | AUDITORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 10,000 |  | 10,000 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| VAT Surcharges | 3,097 |  | - |  |

| Hire purchase | 14,593 |  | 6,002 |  |

17,690 |  | 6,002 |  |

| Oak Electrical Limited (Registered number: 03125754) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

7. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 468,304 |  | 191,294 |  |

| Deferred tax | 4,880 |  | 42,238 |  |

| Tax on profit | 473,184 |  | 233,532 |  |

| 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:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,884,616 |  | 953,420 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 24.030%) | 471,154 |  | 229,107 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,023 |  | 3,638 |  |

| Capital allowances in excess of depreciation | (4,873 | ) | (41,451 | ) |

| Deferred Tax | 4,880 |  | 42,238 |  |

| Total tax charge | 473,184 |  | 233,532 |  |

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares shares of 1 each

| Final | 1,000,000 |  | - |  |

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 February 2024 | 37,495 |  | 5,048 |  | 969,835 |  | 55,584 |  | 1,067,962 |  |

| Additions | - |  | - |  | 254,235 |  | 20,323 |  | 274,558 |  |

| Disposals | - |  | - |  | (128,475 | ) | - |  | (128,475 | ) |

| At 31 January 2025 | 37,495 |  | 5,048 |  | 1,095,595 |  | 75,907 |  | 1,214,045 |  |

| DEPRECIATION

| At 1 February 2024 | 31,650 |  | 3,716 |  | 364,711 |  | 36,323 |  | 436,400 |  |

| Charge for year | 1,461 |  | 333 |  | 183,557 |  | 7,123 |  | 192,474 |  |

| Eliminated on disposal | - |  | - |  | (100,636 | ) | - |  | (100,636 | ) |

| At 31 January 2025 | 33,111 |  | 4,049 |  | 447,632 |  | 43,446 |  | 528,238 |  |

| NET BOOK VALUE

| At 31 January 2025 | 4,384 |  | 999 |  | 647,963 |  | 32,461 |  | 685,807 |  |

| At 31 January 2024 | 5,845 |  | 1,332 |  | 605,124 |  | 19,261 |  | 631,562 |  |

| Oak Electrical Limited (Registered number: 03125754) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

9. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 235,931 |  |

| DEPRECIATION

| At 1 February 2024 | 45,576 |  |

| Charge for year | 47,589 |  |

| At 31 January 2025 | 93,165 |  |

| NET BOOK VALUE

| At 31 January 2025 | 142,766 |  |

| At 31 January 2024 | 190,355 |  |

10. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 41,322 |  | 41,322 |  |

11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,916,150 |  | 2,292,370 |  |

| Prepayments | 136,273 |  | 120,068 |  |

2,052,423 |  | 2,412,438 |  |

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 14) | 65,752 |  | 65,988 |  |

| Trade creditors | 923,721 |  | 1,458,662 |  |

| Amounts owed to participating interests | - |  | 43,142 |  |

| Tax | 468,304 |  | 191,484 |  |

| Social security and other taxes | 133,627 |  | 85,069 |  |

| VAT | 649,562 |  | 416,888 |  |

| Other creditors | 6,660 |  | 4,672 |  |

| Directors' current accounts | 996,139 |  | 4,410 |  |

| Accruals and deferred income | 264,000 |  | 1,220,784 |  |

3,507,765 |  | 3,491,099 |  |

13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 14) | 43,443 |  | 103,349 |  |

| Oak Electrical Limited (Registered number: 03125754) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

14. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | 71,355 |  | 65,988 |  |

| Between one and five years | 45,576 |  | 103,349 |  |

116,931 |  | 169,337 |  |

| Finance charges repayable:

| Within one year | 5,603 |  | - |  |

| Between one and five years | 2,133 |  | - |  |

7,736 |  | - |  |

| Net obligations repayable:

| Within one year | 65,752 |  | 65,988 |  |

| Between one and five years | 43,443 |  | 103,349 |  |

109,195 |  | 169,337 |  |

15. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire Purchase | 103,349 |  | - |  |

| Hire purchases are secured against the vehicles to which they relate.

16. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 140,165 |  | 135,284 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 135,284 |  |

| Provided during year | 4,881 |  |

| Balance at 31 January 2025 | 140,165 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary shares | 1 | 100 |  | 100 |  |

| Oak Electrical Limited (Registered number: 03125754) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

18. | RESERVES

| Retained

| earnings

£ |

| At 1 February 2024 | 3,781,859 |  |

| Profit for the year | 1,411,432 |  |

| Dividends | (1,000,000 | ) |

| At 31 January 2025 | 4,193,291 |  |

19. | RELATED PARTY DISCLOSURES

| Transactions with related party entities

2025 | 2024 |

£ | £ |

| Sales | 210,000 |  | - |  |

20. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is A Cook & I Kavanagh by virtue of their joint shareholding.