IRIS Accounts Production v26.1.0.640 14545158 Board of Directors Board of Directors Board of Directors 31.5.25 1.6.24 31.5.25 31.5.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. true true false true true false false true false Ordinary 0 Ordinary A 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 14545158 2024-05-31 14545158 2025-05-31 14545158 2024-06-01 2025-05-31 14545158 2022-12-15 14545158 2022-12-16 2024-05-31 14545158 2024-05-31 14545158 ns15:EnglandWales 2024-06-01 2025-05-31 14545158 ns14:PoundSterling 2024-06-01 2025-05-31 14545158 ns10:Director1 2024-06-01 2025-05-31 14545158 ns10:Director2 2024-06-01 2025-05-31 14545158 ns10:Director3 2024-06-01 2025-05-31 14545158 ns10:Consolidated 2025-05-31 14545158 ns10:ConsolidatedGroupCompanyAccounts 2024-06-01 2025-05-31 14545158 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 14545158 ns10:Consolidated ns10:MediumEntities 2024-06-01 2025-05-31 14545158 ns10:Consolidated ns10:Audited 2024-06-01 2025-05-31 14545158 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 14545158 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-06-01 2025-05-31 14545158 ns10:Consolidated 2024-06-01 2025-05-31 14545158 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 14545158 ns10:Medium-sizedCompaniesRegimeForAccounts ns10:Consolidated 2024-06-01 2025-05-31 14545158 ns10:FullAccounts 2024-06-01 2025-05-31 14545158 ns10:OrdinaryShareClass1 2024-06-01 2025-05-31 14545158 ns10:OrdinaryShareClass2 2024-06-01 2025-05-31 14545158 ns10:RegisteredOffice 2024-06-01 2025-05-31 14545158 ns10:Consolidated 2022-12-16 2024-05-31 14545158 ns5:CurrentFinancialInstruments 2025-05-31 14545158 ns5:CurrentFinancialInstruments 2024-05-31 14545158 ns5:ShareCapital 2025-05-31 14545158 ns5:ShareCapital 2024-05-31 14545158 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 14545158 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 14545158 ns5:ShareCapital 2022-12-16 2024-05-31 14545158 ns5:RetainedEarningsAccumulatedLosses 2022-12-16 2024-05-31 14545158 ns5:RetainedEarningsAccumulatedLosses 2024-06-01 2025-05-31 14545158 ns5:LeaseholdImprovements 2024-06-01 2025-05-31 14545158 ns5:PlantMachinery 2024-06-01 2025-05-31 14545158 ns5:FurnitureFittings 2024-06-01 2025-05-31 14545158 ns5:MotorVehicles 2024-06-01 2025-05-31 14545158 ns5:ComputerEquipment 2024-06-01 2025-05-31 14545158 ns5:CostValuation 2024-05-31 14545158 ns5:AdditionsToInvestments 2025-05-31 14545158 ns5:CostValuation 2025-05-31 14545158 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 14545158 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 14545158 ns10:OrdinaryShareClass1 2025-05-31 14545158 ns10:OrdinaryShareClass2 2025-05-31

REGISTERED NUMBER: 14545158 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| AUDITED |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MAY 2025 |

| FOR |

| OPUS GROUP (NW) LTD |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

| Page |

| Company Information | 1 |

| Group Strategic Report | 2 |  | to |  | 5

| Report of the Directors | 6 |  | to |  | 7

| Report of the Independent Auditors | 8 |  | to |  | 11

| Consolidated Income Statement | 12 |

| Consolidated Other Comprehensive Income | 13 |

| Consolidated Balance Sheet | 14 |

| Company Balance Sheet | 15 |

| Consolidated Statement of Changes in Equity | 16 |

| Company Statement of Changes in Equity | 17 |

| Consolidated Cash Flow Statement | 18 |

| Notes to the Consolidated Cash Flow Statement | 19 |  | to |  | 20

| Notes to the Consolidated Financial Statements | 21 |  | to |  | 35

| OPUS GROUP (NW) LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MAY 2025

| DIRECTORS: | G M O'Connor

| Mrs A J O'Connor

| T F Walsh

| REGISTERED OFFICE: | Trinity Birchwood Office Park

| Crab Lane

| Warrington

| WA2 0XS

| REGISTERED NUMBER: | 14545158 (England and Wales)

| AUDITORS: | Allens Accountants Limited

| Registered Auditors and

| Chartered Accountants

| 123 Wellington Road South

| Stockport

| Cheshire

| SK1 3TH

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31ST MAY 2025

The Directors present the Strategic Report and financial statements of Opus Group (NW) Ltd ("the Group") for the year ended 31 May 2025.

Opus Group (NW) Ltd is a growing infrastructure services group operating across utilities, traffic management, and recycling services through its key subsidiaries:

Opus Utility Solutions Ltd

Opus Traffic Management Solutions Ltd

Opus Recycling Solutions Ltd

The Group delivers essential services across regulated and non-regulated infrastructure sectors, supporting critical UK networks and local authority frameworks.

Principal activities and overview

The principal activity of the Group is the provision of:

- Multi-utility infrastructure services (electricity networks investment, faults, connections, reinforcement works)

- Traffic management solutions across highways and major projects

- Recycling and environmental services supporting sustainable delivery

The Group continues to position itself as a Tier 1 delivery partner, supporting major frameworks and long-term client relationships.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31ST MAY 2025

FINANCIAL PERFORMANCE, KPI AND FAIR REVIEW

The Group has achieved strong operational growth and strategic progress during the year, driven by:

- Expansion of key client frameworks (e.g. DNOs, contractors, local authorities).

- Continued organic growth across all divisions.

- Investment in people, governance, and operational capability.

Key Performance Indicators (KPIs)

| Year Ended 31/05/2025 |  | Period 16/12/2022 to 31/05/2024 |

Turnover |  | £26,135,598 |  | £21,807,568 |

Gross Profit |  | £6,369,436 |  | £5,687,006 |

Gross Margin % |  | 24.37% |  | 26.08% |

EBITDA |  | £2,445,919 |  | £2,693,376 |

Profit Before Tax |  | £1,480,338 |  | £1,699,176 |

The Directors consider these KPIs to be the most effective measure of performance and progress against strategic objectives.

Financial Review

The Group has delivered year-on-year revenue growth, underpinned by:

- Increased workload within SP Energy Networks, Electricity North West & PowerOn Connections and supporting frameworks.

- Expansion of traffic management operations across the North West and wider UK.

- Growth in recycling and sustainability-driven services.

Margins have been maintained through:

- Improved commercial governance.

- Better cost control and utilisation of plant and labour.

- Strategic pricing and framework positioning.

The Group continues to invest in systems, people, and governance to support scalable growth towards its medium-term £50m+ revenue ambition.

Operational Highlights

- Successful delivery of major utility reinforcement and connection projects.

- Expansion of traffic management capability across key regions.

- Continued development of in-house plant, fleet, and stores capability.

- Strengthened client relationships with Tier 1 contractors and local authorities.

- Investment in safety, compliance, and governance frameworks.

- Ongoing recruitment and development of apprentices and early careers.

FUTURE DEVELOPMENTS

The Group is well-positioned for continued growth, with a clear strategy focused on:

- Scaling operations across utilities and infrastructure frameworks.

- Expanding geographical reach across the UK.

- Strengthening governance, compliance, and operational excellence.

- Investment in digital systems, reporting, and KPI management.

- Development of leadership capability and organizational structure.

The Group is targeting significant growth over the next 3-5 years, with a clear roadmap towards £50m+ turnover and beyond.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31ST MAY 2025

PRINCIPAL RISKS AND UNCERTAINTIES

The Group operates within complex infrastructure environments and recognizes the following key risks:

Health, Safety & Environment

Failure to manage HSE risks could result in injury, reputational damage, and regulatory action.

Mitigation:

- Strong safety culture and leadership.

- Compliance with ISO standards and industry regulations.

- Regular audits, training, and safety stand-downs.

Commercial & Contract Risk

Poor contract management may lead to disputes or margin erosion.

Mitigation:

- Strengthened commercial governance and approvals.

- Contract review processes and commercial oversight.

People & Talent

Inability to recruit and retain skilled personnel may impact delivery.

Mitigation:

- Apprenticeship programmes and early careers investment.

- Structured training and development pathways.

- Leadership and succession planning.

Supply Chain & Third-Party Risk

Dependence on subcontractors and suppliers may impact delivery.

Mitigation:

- Approved supplier frameworks.

- Performance monitoring and audits.

Financial & Liquidity Risk

Cashflow constraints or cost pressures may impact growth.

Mitigation:

- Strong financial controls and forecasting.

- Disciplined working capital management.

Regulatory & Compliance Risk

Non-compliance could result in fines or operational restrictions.

Mitigation:

- Ongoing development of governance structures.

- Internal audits and compliance frameworks.

Business Systems and Cyber Security

The Group continues to invest in IT systems and reporting capabilities to support growth and improve operational control.

Cyber security risks are managed through:

- Controlled access systems.

- Data protection policies.

- Ongoing staff awareness and training.

- Cyber Essentials Plus Certification.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31ST MAY 2025

SECTION 172(1) STATEMENT

The Directors have had regard to their duties under Section 172 of the Companies Act 2006, considering the long-term success of the Company and the interests of stakeholders.

Stakeholder Engagement

People

The Group recognises its people as its greatest asset. Focus areas include:

- Employee engagement and development.

- Health, safety, and wellbeing.

- Training, apprenticeships, and leadership programmes.

Clients

The Group maintains strong, long-term relationships through:

- High-quality delivery.

- Collaborative planning and communication.

- Continuous improvement and innovation.

Supply Chain

The Group works closely with its supply chain to ensure:

- Quality and reliability.

-Compliance with standards.

- Ethical and sustainable practices.

Communities

The Group supports local communities through:

- Employment opportunities.

- Sponsorship and local engagement of grass root sports in the community.

- Participation in community and charitable initiatives.

Environmental & Sustainability

The Group is committed to reducing its environmental impact through:

- Recycling and sustainable operations.

- Efficient use of resources and materials.

- Supporting low-carbon infrastructure delivery.

Sustainability continues to be embedded into operational and strategic decision-making.

OUTLOOK

The Directors are confident in the Group's future prospects. With strong market demand, established client relationships, and continued investment in capability, the Group is well positioned to deliver sustained growth and long-term value.

ON BEHALF OF THE BOARD:

G M O'Connor - Director

5th May 2026

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31ST MAY 2025

The directors present their report with the financial statements of the company and the group for the year ended 31st May 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of Multi-utility infrastructure services (electricity networks Investment, Faults, Connections, Reinforcement works), traffic management solutions across highways and major projects and recycling and environmental services supporting sustainable delivery.

The Group continues to position itself as a Tier 1 delivery partner, supporting major frameworks and long-term client relationships.

DIVIDENDS

The shareholders have been paid a dividend amounting to £412,796 (2024 £424,880).

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

G M O'Connor

Mrs A J O'Connor

Other changes in directors holding office are as follows:

T F Walsh - appointed 19th December 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31ST MAY 2025

AUDITORS

The auditors, Allens Accountants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G M O'Connor - Director

5th May 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OPUS GROUP (NW) LTD

Opinion

We have audited the financial statements of Opus Group (NW) Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st May 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31st May 2025 and of the group's 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 group 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 group's and the parent 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.

Emphasis of matter

We were appointed as auditors of the company in July 2025 and thus did not observe the counting of the physical inventories at the beginning of the year. We were unable to satisfy ourselves by alternative means concerning inventory quantities held at 31st May 2024. Since opening inventories enter into the determination of the financial performance and cash flows, we were unable to determine whether adjustments might have been necessary in respect of the profit for the year reported in the income statement and the net cash flows from operating activities reported in the cash flow statement.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OPUS GROUP (NW) LTD

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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page six, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OPUS GROUP (NW) LTD

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:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the company's remuneration policies, key drivers for the directors' remuneration, bonus levels and performance targets;

- results of our enquiries of management and the board of directors about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Audit response to risks identified

Our procedure to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management and the board of directors concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OPUS GROUP (NW) LTD

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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.

Other matters

The company did not require an audit for the year ended 31 May 2024 and accordingly the comparatives disclosed in the financial statements were not audited.

In our opinion the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements.

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.

Dean McMullan (Senior Statutory Auditor)

for and on behalf of Allens Accountants Limited

Registered Auditors and

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

5th May 2026

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

CONSOLIDATED

INCOME STATEMENT

FOR THE YEAR ENDED 31ST MAY 2025

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

| Notes | £ | £ |

TURNOVER | 26,135,598 |  | 21,807,568 |  |

Cost of sales | 19,766,162 |  | 16,120,562 |  |

GROSS PROFIT | 6,369,436 |  | 5,687,006 |  |

Administrative expenses | 4,726,767 |  | 3,751,786 |  |

1,642,669 |  | 1,935,220 |  |

Other operating income | 1,149 |  | - |  |

OPERATING PROFIT | 4 | 1,643,818 |  | 1,935,220 |  |

Interest receivable and similar income | 4,334 |  | 2,983 |  |

1,648,152 |  | 1,938,203 |  |

Interest payable and similar expenses | 5 | 167,814 |  | 239,027 |  |

PROFIT BEFORE TAXATION | 1,480,338 |  | 1,699,176 |  |

Tax on profit | 6 | 387,121 |  | 319,053 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,093,217 |  | 1,380,123 |  |

Profit attributable to:

Owners of the parent | 1,027,317 |  | 1,291,243 |  |

Non-controlling interests | 65,900 |  | 88,880 |  |

1,093,217 |  | 1,380,123 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

CONSOLIDATED

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31ST MAY 2025

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,093,217 |  | 1,380,123 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,093,217 |  | 1,380,123 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,027,317 |  | 1,291,243 |  |

Non-controlling interests | 65,900 |  | 88,880 |  |

1,093,217 |  | 1,380,123 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

CONSOLIDATED BALANCE SHEET

31ST MAY 2025

| 2025 | 2024 |

| Unaudited |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 4,188,810 |  | 3,771,475 |  |

Investments | 10 | - |  | - |  |

4,188,810 |  | 3,771,475 |  |

CURRENT ASSETS

Stocks | 11 | 308,249 |  | 279,285 |  |

Debtors | 12 | 4,842,715 |  | 2,988,114 |  |

Cash at bank | 1,469,484 |  | 897,165 |  |

6,620,448 |  | 4,164,564 |  |

CREDITORS

Amounts falling due within one year | 13 | 5,846,225 |  | 3,456,662 |  |

NET CURRENT ASSETS | 774,223 |  | 707,902 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,963,033 |  | 4,479,377 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (1,900,517 | ) | (2,157,413 | ) |

PROVISIONS FOR LIABILITIES | 17 | (901,958 | ) | (775,927 | ) |

NET ASSETS | 2,160,558 |  | 1,546,037 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 200 |  | 200 |  |

Retained earnings | 19 | 2,160,358 |  | 1,545,837 |  |

SHAREHOLDERS' FUNDS | 2,160,558 |  | 1,546,037 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 5th May 2026 and were signed on its behalf by:

G M O'Connor - Director | Mrs A J O'Connor - Director

T F Walsh - Director

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

COMPANY BALANCE SHEET

31ST MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | - |  | - |  |

Investments | 10 | 106 |  | 6 |  |

106 |  | 6 |  |

CURRENT ASSETS

Debtors | 12 | 450,096 |  | 450,196 |  |

CREDITORS

Amounts falling due within one year | 13 | 2 |  | 2 |  |

NET CURRENT ASSETS | 450,094 |  | 450,194 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 450,200 |  | 450,200 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 200 |  | 200 |  |

Retained earnings | 19 | 450,000 |  | 450,000 |  |

SHAREHOLDERS' FUNDS | 450,200 |  | 450,200 |  |

Company's profit for the financial year | 412,796 |  | 874,880 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 5th May 2026 and were signed on its behalf by:

Mrs A J O'Connor - Director | G M O'Connor - Director

T F Walsh - Director

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST MAY 2025

| Called up |

| share |  | Retained |  | Non-controlling |  | Total

| capital |  | earnings |  | Total |  | interests |  | equity

£ | £ | £ | £ | £ |

Balance at 16th December 2022 | 200 |  | 679,474 |  | 679,674 |  | - |  | 679,674 |  |

Changes in equity

Dividends | - |  | (424,880 | ) | (424,880 | ) | (88,880 | ) | (513,760 | ) |

Total comprehensive income | - |  | 1,291,243 |  | 1,291,243 |  | 88,880 |  | 1,380,123 |  |

Balance at 31st May 2024 | 200 |  | 1,545,837 |  | 1,546,037 |  | - |  | 1,546,037 |  |

Changes in equity

Dividends | - |  | (412,796 | ) | (412,796 | ) | (65,900 | ) | (478,696 | ) |

Total comprehensive income | - |  | 1,027,317 |  | 1,027,317 |  | 65,900 |  | 1,093,217 |  |

Balance at 31st May 2025 | 200 |  | 2,160,358 |  | 2,160,558 |  | - |  | 2,160,558 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST MAY 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Changes in equity

Issue of share capital | 200 |  | - |  | 200 |  |

Dividends | - |  | (424,880 | ) | (424,880 | ) |

Total comprehensive income | - |  | 874,880 |  | 874,880 |  |

Balance at 31st May 2024 | 200 |  | 450,000 |  | 450,200 |  |

Changes in equity

Dividends | - |  | (412,796 | ) | (412,796 | ) |

Total comprehensive income | - |  | 412,796 |  | 412,796 |  |

Balance at 31st May 2025 | 200 |  | 450,000 |  | 450,200 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MAY 2025

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,956,260 |  | 2,453,876 |  |

Interest paid | (25,481 | ) | (83,097 | ) |

Interest element of hire purchase payments paid | (142,333 | ) | (155,930 | ) |

Tax paid | 104,168 |  | (69,428 | ) |

Net cash from operating activities | 1,892,614 |  | 2,145,421 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (699,254 | ) | (437,834 | ) |

Sale of tangible fixed assets | 11,001 |  | 99,060 |  |

Interest received | 4,334 |  | 2,983 |  |

Net cash from investing activities | (683,919 | ) | (335,791 | ) |

Cash flows from financing activities

New loans in year | 80,413 |  | 278,990 |  |

Loan repayments in year | (20,000 | ) | (387,375 | ) |

Capital repayments in year | (940,513 | ) | (996,590 | ) |

Amount withdrawn by directors | (195 | ) | (13,305 | ) |

Share issue | - |  | (3 | ) |

Invoice finance | 722,615 |  | 414,811 |  |

Equity dividends paid | (412,796 | ) | (424,880 | ) |

Dividends paid to minority interests | (65,900 | ) | (88,880 | ) |

Net cash from financing activities | (636,376 | ) | (1,217,232 | ) |

Increase in cash and cash equivalents | 572,319 |  | 592,398 |  |

Cash and cash equivalents at beginning of year | 2 | 897,165 |  | 304,767 |  |

Cash and cash equivalents at end of year | 2 | 1,469,484 |  | 897,165 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MAY 2025

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

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

£ | £ |

| Profit before taxation | 1,480,338 |  | 1,699,176 |  |

| Depreciation charges | 804,476 |  | 830,036 |  |

| Profit on disposal of fixed assets | (2,376 | ) | (71,881 | ) |

| Finance costs | 167,814 |  | 239,027 |  |

| Finance income | (4,334 | ) | (2,983 | ) |

2,445,918 |  | 2,693,375 |  |

| Increase in stocks | (28,964 | ) | (237,735 | ) |

| Increase in trade and other debtors | (1,958,574 | ) | (1,595,153 | ) |

| Increase in trade and other creditors | 1,497,880 |  | 1,593,389 |  |

| Cash generated from operations | 1,956,260 |  | 2,453,876 |  |

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 31st May 2025

| 31/5/25 |  | 1/6/24

£ | £ |

| Cash and cash equivalents | 1,469,484 |  | 897,165 |  |

| Period ended 31st May 2024

| 31/5/24 |  | 16/12/22

| Unaudited |

£ | £ |

| Cash and cash equivalents | 897,165 |  | 304,767 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MAY 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1/6/24 | Cash flow | changes | At 31/5/25

£ | £ | £ | £ |

| Net cash |

| Cash at bank | 897,165 |  | 572,319 |  | 1,469,484 |  |

897,165 |  | 572,319 |  | 1,469,484 |  |

| Debt

| Finance leases | (2,871,565 | ) | 940,513 |  | (531,182 | ) | (2,462,234 | ) |

| Debts falling due

| within 1 year | (155,022 | ) | 47,583 |  | - |  | (107,439 | ) |

| Debts falling due

| after 1 year | (165,635 | ) | (107,996 | ) | - |  | (273,631 | ) |

(3,192,222 | ) | 880,100 |  | (531,182 | ) | (2,843,304 | ) |

| Total | (2,295,057 | ) | 1,452,419 |  | (531,182 | ) | (1,373,820 | ) |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

1. | STATUTORY INFORMATION

| Opus Group (NW) Ltd 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 General Information page.

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.

| First year consolidation and reporting periods

| These are the first consolidated financial statements of the Group following it meeting the size criteria under the Companies Act 2006. The consolidated financial statements present the results of the parent and its subsidiaries for the year ended 31 May 2025.

| The consolidated comparatives presented as at and for the period ended 31 May 2024 reflect the Group’s trading results for the seventeen-month period from incorporation to that date. Accordingly, the comparative period is longer than the current year and is not directly comparable.

| All subsidiaries are consolidated to 31 May. Where an entity has a different reporting date, adjustments are made for the effects of significant transactions and events between that date and 31 May. The difference between reporting dates does not exceed three months.

| The group was formed during the prior period following the insertion of a new parent company by way of a share-for-share exchange. As the transaction represents a group reconstruction under common control, it has been accounted for using merger accounting principles.

| Accordingly, these consolidated financial statements, including the comparative period, present the results and financial position of the group as if the entities had always been combined. The assets and liabilities of the subsidiary undertakings have been recognised at their existing book values and no goodwill or negative goodwill has been recognised. The retained earnings of the subsidiaries at the date of the reconstruction have been included within the opening consolidated reserves.

| Parent company guarantee

| The company has provided guarantees under section 479C of the Companies Act 2006 in respect of certain subsidiary undertakings. As a result, those subsidiaries are exempt from the requirement to obtain an audit. The financial statements include these subsidiaries on a consolidated basis.

| Going concern

| After reviewing the Group's financial position, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future being a period of not less than 12 months from the date of approval of these financial statements. The Group therefore continues to adopt the going concern basis in preparing the financial statements.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The group has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| • | the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

| • | the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

2. | ACCOUNTING POLICIES - continued

| Basis of consolidation

| The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

| The consolidated financial statements incorporate the results of the business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Income Statement from the date on which control is obtained. They are deconsolidated from the date control ceases.

| Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used in line with those used by other members of the Group.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Significant judgements and estimates

| Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses for the year. However, the nature of estimation means that actual outcomes could differ from those 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 if revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The following judgement has had the most significant effect on amounts recognised in the financial statements.

| Stock valuation

| A key area involving management judgement and estimate is in determining a stock valuation for old and slow moving stock items.

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

| i) the Company has transferred the significant risks and rewards of ownership to the buyer;

| ii) the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| iii) the amount of turnover can be measured reliably;

| iv) it is probable that the Company will receive the consideration due under the transaction and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Improvements to property | - | 20% on reducing balance and Straight line over 15 years

| Plant & machinery | - | 20% on reducing balance

| Fixtures & fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance and 20% on reducing balance

| Computer equipment | - | 20% on reducing balance

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount.If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the statement of comprehensive income.

| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the statement of comprehensive income.

| Stocks

| Stock and work in progress are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items. Cost comprises materials, direct labour and a share of production overheads appropriate to the relevant stage of production. For work in progress and finished goods manufactured by the company, cost is taken as production cost, including labour and an appropriate proportion of attributable overheads.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Interest bearing borrowings

| Interest bearing borrowing are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of the borrowings, together with any interest and fees payable, using the effective interest method.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, together with loans to and from related parties.

| The company also enters into complex financial instrument transactions such as foreign currency forward contracts. The related financial asset or liability is recognised at fair value at the balance sheet date where material.

| Debt instruments (other than those wholly repayable or receivable in one year), including loans and other accounts receivable and payable, are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable in one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration, expected to be paid or received.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence if impairment is found, an impairment loss is recognised in the statement of comprehensive income.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

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

| Dividends

| Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

3. | EMPLOYEES AND DIRECTORS

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

£ | £ |

| Wages and salaries | 2,124,412 |  | 1,408,883 |  |

| Social security costs | 229,030 |  | 144,190 |  |

| Other pension costs | 67,679 |  | 67,531 |  |

2,421,121 |  | 1,620,604 |  |

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

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

| Operations staff | 23 |  | 20 |  |

| Administrative staff | 29 |  | 17 |  |

52 |  | 37 |  |

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

£ | £ |

| Directors' remuneration | 22,500 |  | 30,500 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 2 |  | 2 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

4. | OPERATING PROFIT

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

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

£ | £ |

| Depreciation - owned assets | 164,817 |  | 79,075 |  |

| Depreciation - assets on hire purchase contracts | 639,659 |  | 475,594 |  |

| Profit on disposal of fixed assets | (2,376 | ) | (71,881 | ) |

| Auditors remuneration - accountancy services | 10,500 |  | - |  |

| Auditors remuneration - tax services | 3,500 |  | - |  |

| Auditors remuneration - audit services | 19,500 |  | - |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

£ | £ |

| Bank loan interest | 25,441 |  | 81,835 |  |

| Interest on tax | 40 |  | 1,262 |  |

| Hire purchase | 142,333 |  | 155,930 |  |

167,814 |  | 239,027 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

6. | TAXATION

| Analysis of the tax charge

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

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

£ | £ |

| Current tax:

| UK corporation tax | 261,090 |  | 65,961 |  |

| Prior period corporation tax | - |  | (104,168 | ) |

| Total current tax | 261,090 |  | (38,207 | ) |

| Deferred tax:

| Deferred tax | 125,051 |  | 357,260 |  |

| Deferred tax prior period | 980 |  | - |  |

| Total deferred tax | 126,031 |  | 357,260 |  |

| Tax on profit | 387,121 |  | 319,053 |  |

| UK corporation tax has been charged at 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:

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

£ | £ |

| Profit before tax | 1,480,338 |  | 1,699,176 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 370,085 |  | 424,794 |  |

| Effects of:

| Expenses not deductible for tax purposes | 16,056 |  | 32,885 |  |

| Utilisation of tax losses | - |  | (34,458 | ) |

| Adjustments to tax charge in respect of previous periods | 980 |  | (104,168 | ) |

| Total tax charge | 387,121 |  | 319,053 |  |

7. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

8. | DIVIDENDS

| Period

| 16/12/22

| Year Ended |  | to

| 31/5/25 |  | 31/5/24

| Unaudited

£ | £ |

| Ordinary shares of £1 each

| Interim | 351,815 |  | 424,880 |  |

| Ordinary A shares of £1 each

| Interim | 60,981 |  | - |  |

412,796 |  | 424,880 |  |

9. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

| to |  | Plant & |  | Fixtures

| property |  | machinery |  | & fittings

£ | £ | £ |

| COST

| At 1st June 2024 | 299,677 |  | 4,339,239 |  | 98,319 |  |

| Additions | 23,291 |  | 1,154,752 |  | 3,059 |  |

| Disposals | - |  | (17,833 | ) | - |  |

| At 31st May 2025 | 322,968 |  | 5,476,158 |  | 101,378 |  |

| DEPRECIATION

| At 1st June 2024 | 23,792 |  | 1,287,896 |  | 34,564 |  |

| Charge for year | 21,683 |  | 674,544 |  | 13,132 |  |

| Eliminated on disposal | - |  | (9,208 | ) | - |  |

| At 31st May 2025 | 45,475 |  | 1,953,232 |  | 47,696 |  |

| NET BOOK VALUE

| At 31st May 2025 | 277,493 |  | 3,522,926 |  | 53,682 |  |

| At 31st May 2024 | 275,885 |  | 3,051,343 |  | 63,755 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

9. | TANGIBLE FIXED ASSETS - continued

| Group

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st June 2024 | 309,112 |  | 125,888 |  | 5,172,235 |  |

| Additions | - |  | 49,334 |  | 1,230,436 |  |

| Disposals | - |  | - |  | (17,833 | ) |

| At 31st May 2025 | 309,112 |  | 175,222 |  | 6,384,838 |  |

| DEPRECIATION

| At 1st June 2024 | 26,420 |  | 28,088 |  | 1,400,760 |  |

| Charge for year | 70,477 |  | 24,640 |  | 804,476 |  |

| Eliminated on disposal | - |  | - |  | (9,208 | ) |

| At 31st May 2025 | 96,897 |  | 52,728 |  | 2,196,028 |  |

| NET BOOK VALUE

| At 31st May 2025 | 212,215 |  | 122,494 |  | 4,188,810 |  |

| At 31st May 2024 | 282,692 |  | 97,800 |  | 3,771,475 |  |

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

| Improvements |

| to |  | Plant & |  | Fixtures

| property |  | machinery |  | & fittings

£ | £ | £ |

| COST

| At 1st June 2024 | 196,770 |  | 3,915,498 |  | 40,707 |  |

| Additions | - |  | 534,500 |  | - |  |

| Transfer to ownership | 41,829 |  | (464,000 | ) | (19,995 | ) |

| At 31st May 2025 | 238,599 |  | 3,985,998 |  | 20,712 |  |

| DEPRECIATION

| At 1st June 2024 | 16,571 |  | 1,191,785 |  | 16,003 |  |

| Charge for year | 15,907 |  | 547,983 |  | 3,148 |  |

| Transfer to ownership | 1,627 |  | (255,168 | ) | (11,032 | ) |

| At 31st May 2025 | 34,105 |  | 1,484,600 |  | 8,119 |  |

| NET BOOK VALUE

| At 31st May 2025 | 204,494 |  | 2,501,398 |  | 12,593 |  |

| At 31st May 2024 | 180,199 |  | 2,723,713 |  | 24,704 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

9. | TANGIBLE FIXED ASSETS - continued

| Group

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st June 2024 | 299,720 |  | 19,273 |  | 4,471,968 |  |

| Additions | - |  | - |  | 534,500 |  |

| Transfer to ownership | - |  | - |  | (442,166 | ) |

| At 31st May 2025 | 299,720 |  | 19,273 |  | 4,564,302 |  |

| DEPRECIATION

| At 1st June 2024 | 20,955 |  | 4,626 |  | 1,249,940 |  |

| Charge for year | 69,692 |  | 2,929 |  | 639,659 |  |

| Transfer to ownership | - |  | - |  | (264,573 | ) |

| At 31st May 2025 | 90,647 |  | 7,555 |  | 1,625,026 |  |

| NET BOOK VALUE

| At 31st May 2025 | 209,073 |  | 11,718 |  | 2,939,276 |  |

| At 31st May 2024 | 278,765 |  | 14,647 |  | 3,222,028 |  |

10. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1st June 2024 | 6 |  |

| Additions | 100 |  |

| At 31st May 2025 | 106 |  |

| NET BOOK VALUE

| At 31st May 2025 | 106 |  |

| At 31st May 2024 | 6 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

10. | FIXED ASSET INVESTMENTS - continued

| The following companies are subsidiaries directly controlled by the Company;

| Subsidiary |  | RO |  | Company No. |  | Shareholding |  |

| Opus Utility Solutions Ltd |  | 1 |  | 04462504 |  | 100% |  |

| Opus Traffic Management Ltd |  | 1 |  | 12682183 |  | 100% |  |

| Opus Recycling Solutions Ltd |  | 1 |  | 11667959 |  | 100% |  |

| Registered Office (RO) Addresses

| 1. |  | Trinity Birchwood Office Park, Crab Lane, Warrington, England, WA2 0XS |  |

| Parent company guarantee of subsidiary liabilities

| The Company irrevocably guarantees, in accordance with section 479C of the Companies Act 2006, all liabilities of the subsidiary undertakings listed above that have arisen, or are outstanding, during the financial year ended 31 May 2025.

| This guarantee is given solely to enable those subsidiaries to claim exemption from audit under section 479A of the Act and is enforceable by any person to whom the subsidiaries are liable in respect of those liabilities.

11. | STOCKS

| Group |

2025 | 2024 |

| Unaudited |

£ | £ |

| Stocks | 80,126 |  | 80,126 |  |

| Finished goods | 228,123 |  | 199,159 |  |

308,249 |  | 279,285 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

| Unaudited |

£ | £ | £ | £ |

| Trade debtors | 2,695,495 |  | 1,886,422 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 449,896 |  | 449,996 |  |

| Other debtors | 134,037 |  | 133,537 |  | 200 |  | 200 |  |

| Directors' loan accounts | 13,500 |  | 13,305 |  | - |  | - |  |

| Tax | - |  | 104,168 |  | - |  | - |  |

| VAT | - |  | 95,343 |  | - |  | - |  |

| Prepayments and accrued income | 1,999,683 |  | 755,339 |  | - |  | - |  |

4,842,715 |  | 2,988,114 |  | 450,096 |  | 450,196 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

| Unaudited |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 15) | 20,000 |  | 20,000 |  | - |  | - |  |

| Other loans (see note 15) | 87,439 |  | 135,022 |  | - |  | - |  |

| Hire purchase contracts (see note 16) | 835,348 |  | 879,787 |  | - |  | - |  |

| Trade creditors | 2,671,491 |  | 1,905,737 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 2 |  | 2 |  |

| Corporation Tax | 261,090 |  | - |  | - |  | - |  |

| Social security and other taxes | 128,792 |  | 85,008 |  | - |  | - |  |

| VAT | 228,878 |  | - |  | - |  | - |  |

| Other creditors | 7,270 |  | 7,797 |  | - |  | - |  |

| Invoice finance creditor | 1,137,426 |  | 414,811 |  | - |  | - |  |

| Accruals and deferred income | 468,491 |  | 8,500 |  | - |  | - |  |

5,846,225 |  | 3,456,662 |  | 2 |  | 2 |  |

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

| Group |

2025 | 2024 |

| Unaudited |

£ | £ |

| Bank loans (see note 15) | 1,667 |  | 21,667 |  |

| Other loans (see note 15) | 271,964 |  | 143,968 |  |

| Hire purchase contracts (see note 16) | 1,626,886 |  | 1,991,778 |  |

1,900,517 |  | 2,157,413 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

15. | LOANS

| An analysis of the maturity of loans is given below:

| Group |

2025 | 2024 |

| Unaudited |

£ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | 20,000 |  | 20,000 |  |

| Other loans | 87,439 |  | 135,022 |  |

107,439 |  | 155,022 |  |

| Amounts falling due between one and two | years: |

| Bank loans - 1-2 years | 1,667 |  | 21,667 |  |

| Other loans - 1-2 years | 59,437 |  | 143,968 |  |

61,104 |  | 165,635 |  |

| Amounts falling due between two and five | years: |

| Other loans - 2-5 years | 212,527 |  | - |  |

16. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

| Unaudited |

£ | £ |

| Net obligations repayable:

| Within one year | 835,348 |  | 879,787 |  |

| Between one and five years | 1,626,886 |  | 1,991,778 |  |

2,462,234 |  | 2,871,565 |  |

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

| Unaudited

£ | £ |

| Within one year | 134,028 |  | 134,028 |  |

| Between one and five years | 245,718 |  | 379,746 |  |

379,746 |  | 513,774 |  |

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

17. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

| Unaudited |

£ | £ |

| Deferred tax | 901,958 |  | 775,927 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1st June 2024 | 775,927 |  |

| Provided during year | 126,031 |  |

| Balance at 31st May 2025 | 901,958 |  |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 190 | Ordinary | £1 | 190 |  | 190 |  |

| 10 | Ordinary A | £1 | 10 |  | 10 |  |

200 |  | 200 |  |

| The company has the following classes of issued share capital:

| Ordinary shares of £1 each - carry full voting rights, with one vote per share on a poll and one vote per member on a show of hands. The shares rank equally for dividend distributions and for distributions on a winding up. The shares are not redeemable.

| Ordinary A shares of £1 each - do not carry voting rights and do not have rights to dividends. The shares carry rights to participate in capital distributions, including on a winding up. The shares are not redeemable.

19. | RESERVES

| Retained earnings represent the cumulative net profits and losses of the Group/Company, less any distributions made to shareholders. These reserves are distributable and available for dividend payments, subject to the requirements of the Companies Act 2006.

| OPUS GROUP (NW) LTD (REGISTERED NUMBER: 14545158) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

20. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the year ended 31st May 2025 and the period ended 31st May 2024:

2025 | 2024 |

| Unaudited

£ | £ |

| Mrs A J O'Connor

| Balance outstanding at start of year | 13,500 |  | - |  |

| Amounts advanced | - |  | 13,500 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 13,500 |  | 13,500 |  |

21. | RELATED PARTY DISCLOSURES

| During the year, a total of key management personnel compensation of £ 46,966 (2024 - £ 66,735 ) was paid.

22. | POST BALANCE SHEET EVENTS

| There have been no significant events affecting the Company or the Group since the balance sheet date which require disclosure or adjustment in these financial statements.

23. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling parties of the company are Mr G M O’Connor and Mrs A J O’Connor, who together control all of the voting rights in the company.