REGISTERED NUMBER: 03125754 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 January 2026

for

Oak Electrical Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

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

The directors present their strategic report for the year ended 31 January 2026.

REVIEW OF BUSINESS

The results of the company as set out on page 6 show a profit on ordinary activities before tax of £2,858,617 (2024: £1,884,616).

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 :

2026

2025

£

£

Turnover

22,698,970

20,613,775

Gross profit percentage

27.0%

24.7%

Operating profit percentage

12.6%

9.1%

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

9 June 2026

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

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

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 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

9 June 2026

Opinion

We have audited the financial statements of Oak Electrical Limited (the 'company') for the year ended 31 January 2026 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 2026 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.

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

9 June 2026

TURNOVER

22,698,970

20,613,775

Cost of sales

16,611,229

15,523,981

GROSS PROFIT

6,087,741

5,089,794

Administrative expenses

3,263,268

3,230,120

OPERATING PROFIT

5

2,824,473

1,859,674

Interest receivable and similar income

38,357

42,632

2,862,830

1,902,306

Interest payable and similar expenses

7

4,213

17,690

PROFIT BEFORE TAXATION

2,858,617

1,884,616

Tax on profit

8

717,772

473,184

PROFIT FOR THE FINANCIAL YEAR

2,140,845

1,411,432

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,140,845

1,411,432

FIXED ASSETS

Tangible assets

10

716,036

685,807

CURRENT ASSETS

Stocks

11

41,322

41,322

Debtors

12

3,672,610

2,052,423

Cash at bank

3,956,240

5,105,212

7,670,172

7,198,957

CREDITORS

Amounts falling due within one year

13

1,887,195

3,507,765

NET CURRENT ASSETS

5,782,977

3,691,192

TOTAL ASSETS LESS CURRENT LIABILITIES

6,499,013

4,376,999

CREDITORS

Amounts falling due after more than one year

14

(12,824

)

(43,443

)

PROVISIONS FOR LIABILITIES

17

(151,953

)

(140,165

)

NET ASSETS

6,334,236

4,193,391

CAPITAL AND RESERVES

Called up share capital

18

100

100

Retained earnings

19

6,334,136

4,193,291

SHAREHOLDERS' FUNDS

6,334,236

4,193,391

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

A Cook - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 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

Changes in equity

Total comprehensive income

-

2,140,845

2,140,845

Balance at 31 January 2026

100

6,334,136

6,334,236

Cash flows from operating activities

Cash generated from operations

1

1,841,489

1,188,088

Interest paid

-

(3,097

)

Interest element of hire purchase payments paid

(4,213

)

(14,593

)

Tax paid

(702,841

)

(191,484

)

Net cash from operating activities

1,134,435

978,914

Cash flows from investing activities

Purchase of tangible fixed assets

(253,755

)

(274,558

)

Sale of tangible fixed assets

28,706

43,410

Interest received

38,357

42,632

Net cash from investing activities

(186,692

)

(188,516

)

Cash flows from financing activities

Capital repayments in year

(65,979

)

(60,142

)

Amount introduced by directors

-

(1,174

)

Amount withdrawn by directors

(2,030,736

)

992,903

Amounts paid to participating interest

-

(43,142

)

Equity dividends paid

-

(1,000,000

)

Net cash from financing activities

(2,096,715

)

(111,555

)

(Decrease)/increase in cash and cash equivalents

(1,148,972

)

678,843

Cash and cash equivalents at beginning of year

2

5,105,212

4,426,369

Cash and cash equivalents at end of year

2

3,956,240

5,105,212

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

2026

2025

£

£

Profit before taxation

2,858,617

1,884,616

Depreciation charges

204,755

192,475

Profit on disposal of fixed assets

(9,935

)

(15,571

)

Finance costs

4,213

17,690

Finance income

(38,357

)

(42,632

)

3,019,293

2,036,578

(Increase)/decrease in trade and other debtors

(585,590

)

360,015

Decrease in trade and other creditors

(592,214

)

(1,208,505

)

Cash generated from operations

1,841,489

1,188,088

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 2026

31.1.26

1.2.25

£

£

Cash and cash equivalents

3,956,240

5,105,212

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

5,105,212

4,426,369

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.25

Cash flow

At 31.1.26

£

£

£

Net cash

Cash at bank and in hand

5,105,212

(1,148,972

)

3,956,240

5,105,212

(1,148,972

)

3,956,240

Debt

Finance leases

(109,195

)

65,978

(43,217

)

(109,195

)

65,978

(43,217

)

Total

4,996,017

(1,082,994

)

3,913,023

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

Revenue represents income from electrical installation contracts, including the supply of materials, labour and commissioning services.

In accordance with FRS102 section 23, the company does not undertake long-term contracts. Revenue from installation work is recognised on completion of the contracts, where significant risks and rewards have transferred to the customer and the company has an unconditional right to consideration, which is typically on practical completion and handover.

Revenue from maintenance or short-term service contracts is recognised when the services are provided.

Revenue is measured at the fair value of consideration receivable and is stated net of discounts and retentions.

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.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of financial statements in accordance with FRS102 requires management to make judgements, estimates and assumptions that affect the reported amounts of income and expenses.

Critical Judgements:

The principle judgement relates to determining the point at which contracts are complete and significant risks and rewards have transferred to the customer, triggering revenue recognition.

Management also exercises judgement in assessing whether contract variations or additional work should be recognised as revenue, based on the agreement with the customer and the contractual entitlement to consideration.

Key Sources of Estimation Uncertainty:

As the company recognises revenue on completion and does not undertake long-term contracts, estimation uncertainty is limited. The main area of estimation relates to the assessment provisions required for remedial works or contract losses identified prior to completion.

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

2,333,924

2,438,419

Social security costs

310,837

402,195

Other pension costs

118,914

34,874

2,763,675

2,875,488

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

2026

2025

Number of employees

37

35

2026

2025

£

£

Directors' remuneration

509,033

562,338

Information regarding the highest paid director is as follows:

2026

2025

£

£

Emoluments etc

178,210

206,000

5.	OPERATING PROFIT

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

2026

2025

£

£

Vehicle Hire

228,560

168,443

Other operating leases

138,575

131,518

Depreciation - owned assets

169,063

144,885

Depreciation - assets on hire purchase contracts

35,692

47,589

Profit on disposal of fixed assets

(9,935

)

(15,571

)

6.	AUDITORS' REMUNERATION

2026

2025

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

10,500

10,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

VAT Surcharges

-

3,097

Hire purchase

4,213

14,593

4,213

17,690

8.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

705,983

468,304

Deferred tax

11,789

4,880

Tax on profit

717,772

473,184

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:

2026

2025

£

£

Profit before tax

2,858,617

1,884,616

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

714,654

471,154

Effects of:

Expenses not deductible for tax purposes

3,118

2,030

Total tax charge

717,772

473,184

9.

DIVIDENDS

2026

2025

£

£

Ordinary shares shares of 1 each

Final

-

1,000,000

10.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

37,495

5,048

1,095,595

75,907

1,214,045

Additions

-

-

245,249

8,506

253,755

Disposals

-

-

(87,038

)

-

(87,038

)

At 31 January 2026

37,495

5,048

1,253,806

84,413

1,380,762

DEPRECIATION

At 1 February 2025

33,111

4,049

447,632

43,446

528,238

Charge for year

1,096

250

193,940

9,469

204,755

Eliminated on disposal

-

-

(68,267

)

-

(68,267

)

At 31 January 2026

34,207

4,299

573,305

52,915

664,726

NET BOOK VALUE

At 31 January 2026

3,288

749

680,501

31,498

716,036

At 31 January 2025

4,384

999

647,963

32,461

685,807

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

Motor

vehicles

£

COST

At 1 February 2025

and 31 January 2026

235,931

DEPRECIATION

At 1 February 2025

93,165

Charge for year

35,692

At 31 January 2026

128,857

NET BOOK VALUE

At 31 January 2026

107,074

At 31 January 2025

142,766

11.

STOCKS

2026

2025

£

£

Stocks

41,322

41,322