IRIS Accounts Production v26.1.10.61 06077937 Board of Directors 1.2.25 31.1.26 31.1.26 Medium entities OAG Limited is a wholly-owned subsidiary of Optima Contracting Limited. Its principal activity is the design and construction of specialist architectural glazing solutions. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06077937 2025-01-31 06077937 2026-01-31 06077937 2025-02-01 2026-01-31 06077937 2024-01-31 06077937 2024-02-01 2025-01-31 06077937 2025-01-31 06077937 ns15:EnglandWales 2025-02-01 2026-01-31 06077937 ns14:PoundSterling 2025-02-01 2026-01-31 06077937 ns10:Director1 2025-02-01 2026-01-31 06077937 ns10:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 06077937 ns10:MediumEntities 2025-02-01 2026-01-31 06077937 ns10:Audited 2025-02-01 2026-01-31 06077937 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-02-01 2026-01-31 06077937 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-02-01 2026-01-31 06077937 ns10:FullAccounts 2025-02-01 2026-01-31 06077937 ns10:OrdinaryShareClass1 2025-02-01 2026-01-31 06077937 ns10:Director2 2025-02-01 2026-01-31 06077937 ns10:Director3 2025-02-01 2026-01-31 06077937 ns10:Director4 2025-02-01 2026-01-31 06077937 ns10:Director5 2025-02-01 2026-01-31 06077937 ns10:Director6 2025-02-01 2026-01-31 06077937 ns10:Director7 2025-02-01 2026-01-31 06077937 ns10:Director8 2025-02-01 2026-01-31 06077937 ns10:RegisteredOffice 2025-02-01 2026-01-31 06077937 1 2025-02-01 2026-01-31 06077937 1 2024-02-01 2025-01-31 06077937 ns5:CurrentFinancialInstruments 2026-01-31 06077937 ns5:CurrentFinancialInstruments 2025-01-31 06077937 ns5:Non-currentFinancialInstruments 2026-01-31 06077937 ns5:Non-currentFinancialInstruments 2025-01-31 06077937 ns5:ShareCapital 2026-01-31 06077937 ns5:ShareCapital 2025-01-31 06077937 ns5:RetainedEarningsAccumulatedLosses 2026-01-31 06077937 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 06077937 ns5:ShareCapital 2024-01-31 06077937 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 06077937 ns5:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 06077937 ns5:RetainedEarningsAccumulatedLosses 2025-02-01 2026-01-31 06077937 1 2025-02-01 2026-01-31 06077937 ns15:UnitedKingdom 2025-02-01 2026-01-31 06077937 ns15:UnitedKingdom 2024-02-01 2025-01-31 06077937 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2025-02-01 2026-01-31 06077937 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2024-02-01 2025-01-31 06077937 ns10:HighestPaidDirector 2025-02-01 2026-01-31 06077937 ns10:HighestPaidDirector 2024-02-01 2025-01-31 06077937 ns5:OwnedAssets 2025-02-01 2026-01-31 06077937 ns5:OwnedAssets 2024-02-01 2025-01-31 06077937 ns10:OrdinaryShareClass1 2024-02-01 2025-01-31 06077937 ns5:FurnitureFittings 2025-01-31 06077937 ns5:MotorVehicles 2025-01-31 06077937 ns5:ComputerEquipment 2025-01-31 06077937 ns5:FurnitureFittings 2025-02-01 2026-01-31 06077937 ns5:MotorVehicles 2025-02-01 2026-01-31 06077937 ns5:ComputerEquipment 2025-02-01 2026-01-31 06077937 ns5:FurnitureFittings 2026-01-31 06077937 ns5:MotorVehicles 2026-01-31 06077937 ns5:ComputerEquipment 2026-01-31 06077937 ns5:FurnitureFittings 2025-01-31 06077937 ns5:MotorVehicles 2025-01-31 06077937 ns5:ComputerEquipment 2025-01-31 06077937 ns5:CostValuation ns5:UnlistedNon-exchangeTraded 2025-01-31 06077937 ns5:UnlistedNon-exchangeTraded 2026-01-31 06077937 ns5:UnlistedNon-exchangeTraded 2025-01-31 06077937 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-01-31 06077937 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 06077937 ns5:WithinOneYear 2026-01-31 06077937 ns5:WithinOneYear 2025-01-31 06077937 ns5:BetweenOneFiveYears 2026-01-31 06077937 ns5:BetweenOneFiveYears 2025-01-31 06077937 ns5:AllPeriods 2026-01-31 06077937 ns5:AllPeriods 2025-01-31 06077937 ns5:DeferredTaxation 2025-01-31 06077937 ns5:OtherProvisionsContingentLiabilities 2025-01-31 06077937 ns5:DeferredTaxation 2025-02-01 2026-01-31 06077937 ns5:OtherProvisionsContingentLiabilities 2025-02-01 2026-01-31 06077937 ns5:DeferredTaxation 2026-01-31 06077937 ns5:OtherProvisionsContingentLiabilities 2026-01-31 06077937 ns10:OrdinaryShareClass1 2026-01-31 06077937 ns5:RetainedEarningsAccumulatedLosses 2025-01-31

REGISTERED NUMBER: 06077937 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JANUARY 2026 |

| FOR |

| OAG LIMITED |

OAG LIMITED (REGISTERED NUMBER: 06077937)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

| Page |

Company Information | 1 |

Strategic Report | 2 |  | to |  | 5

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

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

Statement of Comprehensive Income | 12 |

Statement of Financial Position | 13 |

Statement of Changes in Equity | 14 |

Statement of Cash Flows | 15 |

Notes to the Statement of Cash Flows | 16 |

Notes to the Financial Statements | 17 |  | to |  | 28

OAG LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2026

| DIRECTORS: | Mr N W Caley

| Mr A Grey

| Mr G Evans

| Mr J Cowlard

| Mr J H Batchelor

| Mr R M Sheehy

| Mr C J Lainsbury

| Mr P Lenk

| REGISTERED OFFICE: | First Floor North

| 40 Oxford Road

| High Wycombe

| Buckinghamshire

| HP11 2EE

| REGISTERED NUMBER: | 06077937 (England and Wales)

| AUDITORS: | Seymour Taylor Limited, Statutory Auditor

| First Floor North

| 40 Oxford Road

| High Wycombe

| Buckinghamshire

| HP11 2EE

OAG LIMITED (REGISTERED NUMBER: 06077937)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

GROUP STRUCTURE AND PRINCIPAL ACTIVITIES

OAG Limited is a wholly-owned subsidiary of Optima Contracting Limited. Its principal activity is the design and construction of specialist architectural glazing solutions.

REVIEW OF BUSINESS

The results for the period and financial position of the business are as shown in the annexed financial statements.

Key Performance Indicators

The Group operates a number of Key Performance Indicators (KPI) to monitor and control the business which are measured and reviewed by the management on a regular basis. The KPI include but are not limited to:

| 31 January 2026 |  | 31 January 2025 |

Turnover |  | £39.4m |  | £31.5m |

Gross profit % |  | 23.9% |  | 20.7% |

Operating profit |  | £3.0m |  | £1.5m |

Debtors |  | £5.5m |  | £7.1m |

Cash at bank and in hand |  | £7.7m |  | £2.6m |

All work in progress is monitored and reviewed on a regular basis to ensure the successful progress of each contract.

Review of the Business

The Company delivered a strong financial performance during the year, with turnover increasing to £39.4 million (2025: £31.5 million), representing growth of approximately 25%. This was driven by the successful delivery of a number of major projects, continued demand across our core markets and the effective execution of our operational strategy.

The Company's financial position strengthened considerably during the year. Cash balances increased to £7.7 million (2025: £2.6 million), while trade debtors reduced to £5.5 million (2025: £7.1 million), demonstrating continued focus on working capital management and strong cash generation. This robust balance sheet provides the business with the financial flexibility to support future investment and growth opportunities.

Future Strategy

The Company enters the new financial year with a strong order book and a buoyant pipeline of future opportunities, providing confidence in short and medium-term prospects.

We remain focused on external envelope projects incorporating off-site prefabricated façade solutions, which continue to support medium-term growth. Further opportunities are arising from the upgrade and refurbishment of existing buildings, driven by evolving environmental regulations and the increasing emphasis on reducing the carbon impact of construction schemes. Our recognised expertise in this sector places us in a strong position to respond to this demand.

Our presence within the fire market continues to strengthen, supported by a dedicated team with specialist compliance and delivery expertise.

OAG LIMITED (REGISTERED NUMBER: 06077937)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

Investment in our design and engineering capability has continued, including the establishment of the new OAG Iberia design office in Madrid, Spain, alongside the further expansion of design and engineering resources within the OAG Adriatic office in Croatia. These developments enhance our capacity, strengthen our preconstruction and delivery capability and provide a solid foundation for future growth.

We continue to monitor and carefully manage price movements in essential construction materials, with volatility linked to global events expected to remain a factor throughout the year.

Organisational structure, together with continued investment in training and staff development, remains a key focus in supporting the business as it moves forward.

OAG LIMITED (REGISTERED NUMBER: 06077937)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

PRINCIPAL RISKS AND UNCERTAINTIES

Key risk factors

In line with our internal control policy and procedures, key risk factors are reviewed frequently and detailed analysis undertaken where there is a requirement to do so. Mitigating controls or plans are implemented where necessary and during the year ended 31 January 2026 no significant risks materialised within the business.

Credit risk

Company credit policy requires that suitable credit checks be carried out on all potential customers before quotations are submitted and again before an order is accepted to ensure that appropriate payment terms are negotiated.

are negotiated. Company exposure to individual organisations is regularly monitored and reviewed to ensure that an acceptable level of risk is maintained.

Foreign Currency Risk

The company has some exposure arising from the purchase of materials denominated in foreign currencies, .

The company has some exposure arising from the purchase of materials denominated in foreign currencies, principally Euros. This risk is mitigated by regular review of future requirements and the maintenance of appropriate foreign currency account balances. The company does not formally hedge against this exposure.

Cyber Security Risk

As our business, suppliers and customers becomes increasingly digitalised, we are inherently exposed to the risk that third parties may seek to disrupt our business. A cyber event may cause significant reputational and financial loss.

As our business, suppliers and customers become increasingly digitalised, we are inherently exposed to the risk that third parties may seek to disrupt our business. A cyber event may cause significant reputational and financial loss. We have mitigated this risk by creating a secure and robust IT environment with systems that are Cyber Essentials Plus certified and partnering with a third-party security operation centre to proactively monitor and respond to emerging cyber security threats.

Health, Safety, and Quality

We are wholly committed to ensuring the health, safety, and welfare of all our employees and recognise our responsibility towards other people who may be affected by our activities. As part of our commitment, we are proud to have received the RoSPA gold medal, in their prestigious health and safety awards programme, which demonstrates continuous high standards for more than ten years.

Our office and site installations operate an Integrated Management System (IMS) that is independently certified to ISO 45001, 9001 and 14001; for Health and Safety, Quality and Environmental management respectively. We undertake an annual process of identifying the internal and external issues affecting the business; understanding the needs and expectations of our interested parties; and assessing our significant environmental impacts and operational hazards. This informs the process of setting business-aligned objectives; measuring performance; and developing and implementing actions to address opportunities for continual systematic improvement.

Environment

At OAG, we know that reducing the environmental impact of our products and business activities is essential to reduce the physical and financial risk of our operations. Consequently, this is key to our operational agenda. This includes minimising material waste and seeking alternative products with reduced environmental impact.

Responsible sourcing of materials is essential, and we give preference to product and material suppliers certified to ISO 14001. Furthermore, all timber procured is FSC certified to ensure that it is sourced from responsibly managed forests.

In line with the Government's 2050 Net Zero Carbon target, we have developed our own NZC Strategy to achieve certified Carbon Neutrality by 2030 and are undertaking actions to measure, report and minimise greenhouse gas emissions throughout the business operations.

OAG LIMITED (REGISTERED NUMBER: 06077937)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

OAG recognises the importance of strong Corporate Social Responsibility to meet the needs of our clients and the communities we operate in. Using the United Nations Sustainable Development Goals and recognised social value frameworks as guidance, OAG's CSR committee of internal stakeholders undertake extra-curricular, fundraising, volunteering, wellbeing and awareness initiatives with the support of our staff. OAG reports progress towards CSR objectives and promotes the activities it supports annually.

CULTURE AND EMPLOYEES

Diversity and Inclusion

We are committed to promoting equal employment opportunities and both job applicants and employees will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (protected characteristics). This includes opportunities for training to upskill employees and provide pathways for career development. We will make any appropriate reasonable adjustments necessary to support and retain our employees.

We are proud to benefit from having a diverse workforce across our business and we provide opportunities for training and advancement for all.

Our Employee Handbook contains up to date policies including equal opportunities, anti-harassment & bullying, whistleblowing, flexible working and training & development. Awareness training has been rolled out across the organisation to support the Employee Handbook and to ensure understanding of key issues. Compulsory training includes the topics of modern slavery, whistleblowing and HR compliance (anti-bribery, equality and diversity, bullying and harassment, wellbeing).

Communication and Engagement

We provide an open environment for employees to engage with the business through employee briefings, regular team meetings, individual appraisals, one-to-one meetings and regular communication from the Board on business performance and direction. We conducted an employee engagement survey and have implemented some changes as a direct result of feedback from employees (e.g. an improved appraisal process, additional annual leave for long serving employees and more social activities).

STREAMLINED ENERGY AND CARBON REPORTING

Disclosure in respect of greenhouse gas emissions, energy consumption and energy efficiency has not been included within this report as the company does not exceed the thresholds to disclose.

ON BEHALF OF THE BOARD:

Mr N W Caley - Director

31 July 2026

OAG LIMITED (REGISTERED NUMBER: 06077937)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JANUARY 2026

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

DIVIDENDS

Interim dividends totalling £10 per share were paid during the year. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 January 2026 will be £ 1,000,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

Mr N W Caley

Mr A Grey

Mr G Evans

Mr J Cowlard

Mr J H Batchelor

Mr R M Sheehy

Mr C J Lainsbury

Other changes in directors holding office are as follows:

Mr P Lenk - appointed 1 May 2025

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.

OAG LIMITED (REGISTERED NUMBER: 06077937)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JANUARY 2026

AUDITORS

The auditors, Seymour Taylor Limited, Statutory Auditor, will be re-appointed in accordance with section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Mr N W Caley - Director

31 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OAG LIMITED

Opinion

We have audited the financial statements of OAG Limited (the 'company') for the year ended 31 January 2026 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OAG LIMITED

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 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 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OAG LIMITED

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.

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 Group's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

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

- any matters we identified having obtained and reviewed the Group'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 noncompliance; - 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 frameworks that the Group 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 local 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 Group's ability to operate.

Audit response to risks identified

As a result of performing the above, our procedures 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 external legal advisors 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;

- reading minutes of meetings of those charged with governance;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- 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.

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 noncompliance with laws and regulations throughout the audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OAG LIMITED

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.

Timothy Fulker BSc FCA (Senior Statutory Auditor)

for and on behalf of Seymour Taylor Limited, Statutory Auditor

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

31 July 2026

OAG LIMITED (REGISTERED NUMBER: 06077937)

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JANUARY 2026

| 2026 |  | 2025

| Notes | £ | £ |

TURNOVER | 3 | 39,352,967 |  | 31,456,110 |  |

Cost of sales | 29,968,550 |  | 24,957,628 |  |

GROSS PROFIT | 9,384,417 |  | 6,498,482 |  |

Administrative expenses | 6,355,371 |  | 5,021,365 |  |

OPERATING PROFIT | 5 | 3,029,046 |  | 1,477,117 |  |

Exceptional items | 6 | - |  | 188,745 |  |

3,029,046 |  | 1,288,372 |  |

Interest receivable and similar income | 183,321 |  | 132,958 |  |

3,212,367 |  | 1,421,330 |  |

Interest payable and similar expenses | 7 | 32,152 |  | 2,477 |  |

PROFIT BEFORE TAXATION | 3,180,215 |  | 1,418,853 |  |

Tax on profit | 8 | 889,268 |  | 415,000 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,290,947 |  | 1,003,853 |  |

OTHER COMPREHENSIVE INCOME |

Foreign exchange | (4,632 | ) | (1,172 | ) |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | (4,632 | ) | (1,172 | ) |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,286,315 |  | 1,002,681 |  |

OAG LIMITED (REGISTERED NUMBER: 06077937)

STATEMENT OF FINANCIAL POSITION

31 JANUARY 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 208,125 |  | 108,835 |  |

Investments | 11 | 30,391 |  | 45,587 |  |

238,516 |  | 154,422 |  |

CURRENT ASSETS

Stocks | 12 | 839,016 |  | 1,905,928 |  |

Debtors | 13 | 5,470,282 |  | 7,085,263 |  |

Cash at bank | 7,696,848 |  | 2,556,177 |  |

14,006,146 |  | 11,547,368 |  |

CREDITORS

Amounts falling due within one year | 14 | 8,352,193 |  | 7,107,644 |  |

NET CURRENT ASSETS | 5,653,953 |  | 4,439,724 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,892,469 |  | 4,594,146 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (134,650 | ) | (134,608 | ) |

PROVISIONS FOR LIABILITIES | 17 | (19,543 | ) | (7,577 | ) |

NET ASSETS | 5,738,276 |  | 4,451,961 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 100,000 |  | 100,000 |  |

Retained earnings | 19 | 5,638,276 |  | 4,351,961 |  |

SHAREHOLDERS' FUNDS | 5,738,276 |  | 4,451,961 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr N W Caley - Director

OAG LIMITED (REGISTERED NUMBER: 06077937)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 February 2024 | 100,000 |  | 3,349,280 |  | 3,449,280 |  |

Changes in equity

Total comprehensive income | - |  | 1,002,681 |  | 1,002,681 |  |

Balance at 31 January 2025 | 100,000 |  | 4,351,961 |  | 4,451,961 |  |

Changes in equity

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

Total comprehensive income | - |  | 2,286,315 |  | 2,286,315 |  |

Balance at 31 January 2026 | 100,000 |  | 5,638,276 |  | 5,738,276 |  |

OAG LIMITED (REGISTERED NUMBER: 06077937)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JANUARY 2026

| 2026 |  | 2025

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 7,154,809 |  | (177,574 | ) |

Interest paid | (32,152 | ) | (2,477 | ) |

Tax paid | (999,802 | ) | (397,423 | ) |

Net cash from operating activities | 6,122,855 |  | (577,474 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (160,760 | ) | (63,805 | ) |

Interest received | 183,321 |  | 132,958 |  |

Net cash from investing activities | 22,561 |  | 69,153 |  |

Cash flows from financing activities

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

Net cash from financing activities | (1,000,000 | ) | - |  |

Increase/(decrease) in cash and cash equivalents | 5,145,416 |  | (508,321 | ) |

Cash and cash equivalents at beginning of year | 2 | 2,556,177 |  | 3,065,670 |  |

Effect of foreign exchange rate changes | (4,745 | ) | (1,172 | ) |

Cash and cash equivalents at end of year | 2 | 7,696,848 |  | 2,556,177 |  |

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JANUARY 2026

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

| 2026 |  | 2025

£ | £ |

| Profit before taxation | 3,180,215 |  | 1,418,853 |  |

| Depreciation charges | 61,583 |  | 36,278 |  |

| Loss on disposal of fixed assets | - |  | 10,123 |  |

| Amounts written off investments | 15,196 |  | 15,196 |  |

| Provision for future losses | - |  | (1,395,666 | ) |

| Finance costs | 32,152 |  | 2,477 |  |

| Finance income | (183,321 | ) | (132,958 | ) |

3,105,825 |  | (45,697 | ) |

| Decrease/(increase) in stocks | 1,066,912 |  | (27,596 | ) |

| Decrease/(increase) in trade and other debtors | 1,652,481 |  | (1,029,155 | ) |

| Increase in trade and other creditors | 1,329,591 |  | 924,874 |  |

| Cash generated from operations | 7,154,809 |  | (177,574 | ) |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 31 January 2026

| 31.1.26 |  | 1.2.25

£ | £ |

| Cash and cash equivalents | 7,696,848 |  | 2,556,177 |  |

| Year ended 31 January 2025

| 31.1.25 |  | 1.2.24

£ | £ |

| Cash and cash equivalents | 2,556,177 |  | 3,065,670 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.2.25 | Cash flow | At 31.1.26

£ | £ | £ |

| Net cash |

| Cash at bank | 2,556,177 |  | 5,140,671 |  | 7,696,848 |  |

2,556,177 |  | 5,140,671 |  | 7,696,848 |  |

| Total | 2,556,177 |  | 5,140,671 |  | 7,696,848 |  |

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1. | GENERAL INFORMATION

| OAG Limited is a company limited by shares and incorporated in England and Wales. The Registered Office is First Floor North, 40 Oxford Road, High Wycombe, Bucks, HP11 2EE. The principal place of business is Courtyard House, West End Road, High Wycombe, Buckinghamshire, HP11 2QB. The principal activity of the company during the year was the supply and installation of 'Optima' partitioning systems and specialist architectural glazing installations.

| The presentation currency of these financial statements is sterling (£), being the currency of the primary economic environment in which the company operates, its functional currency. All amounts in the financial statements have been rounded to the nearest £1 unless otherwise stated.

| The significant accounting policies applied in the preparation of these financial statements are set out below.

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.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of contingent liabilities at the date of the financial statements. If in the future such estimates and assumptions, which are based on management's best judgement at the date of the financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the year in which the circumstances change.

| Turnover and margin recognition

| The company's turnover and margin recognition policies are central to how the company values the work it has carried out each year.

| These policies require forecasts to be made of the outcomes of construction and service contracts, which require assessments and judgements to be made on contract programmes; changes in the scope of work; and changes in costs

| Management bases its judgements of costs and turnover and its assessment of the expected outcome of each contract on the latest available information. This information includes detailed contract valuations and forecasts of the costs to complete. The estimates of the contract positions and the profit or loss earned to date are updated regularly and significant changes are highlighted through established internal review procedures. The impact of any change in the accounting estimates is then reflected in the financial statements.

| Depreciation of tangible fixed assets

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

| Management reassess the depreciation methods, useful lives and residual values where there is an indication of a significant change in the pattern by which the company expects to consume an asset's future economic benefits.

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is measured at the fair value of the consideration receivable for goods and services provided, net of trade discounts and value added tax.

| Turnover from construction and service activities represents the value of work carried out during the year, including amounts not invoiced.

| Where the outcome of individual contracts can be estimated reliably, turnover and costs are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to agreements with the customer.

| Where the outcome of the contracts cannot be reliably estimated, turnover is recognised only to the extent of the contract costs recognised that it is probable will be recoverable.

| No margin is recognised until the outcome of the contact can be estimated with reasonable certainty.

| Provision is made for all known or expected losses on individual contracts once such losses are foreseen.

| Turnover in respect of variations to contracts is recognised when it is probable it will be agreed by the customer.

| Tangible fixed assets

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

| Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as separate items of tangible fixed assets, for example land is treated separately from buildings.

| The company assesses at each reporting date whether tangible fixed assets are impaired.

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

| Fixtures and fittings - reducing balance - 25%

| Computer equipment - reducing balance - 25%

| Office fit out - reducing balance - 25%

| Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

| Work in progress

| Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

| Long-term contract balances are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long-term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

| Investments

| Investments are recognised at cost less any provision for impairment.

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| Taxation

| Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

| Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

| Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investments in subsidiaries to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

| Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

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

| Foreign currencies

| Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Monetary assets and liabilities at the year end denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Exchange differences are taken into account in arriving at the operating profit.

| 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 the income statement in the period to which they relate.

| Financial instruments issued by the company

| Financial instruments issued by the company are treated as equity only to the extent that they meet the following two conditions:

| (a) they include no contractual obligations upon the company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the company; and

| (b) where the instrument will or may be settled in the company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the company's own equity instruments or is a derivative that will be settled by the company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.

| To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

2. | ACCOUNTING POLICIES - continued

| Basic financial instruments

| Trade and other debtors and creditors

| Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

| Construction contract debtors

| Construction contract debtors represent the gross unbilled amount for contract work performed to date. They are measured at cost plus profit recognised to date less a provision for foreseeable losses and less progress billings. Variations are included in contract revenue when they are reliably measurable and it is probable that the customer will approve the variation itself and the revenue arising from the variation. Claims are included in contract revenue only when they are reliably measurable and negotiations have reached an advanced stage such that it is probable that the customer will accept the claim. Cost includes all expenditure related directly to specific projects and an allocation of fixed and variable overheads incurred in the company's contract activities based on normal operating capacity.

| Construction contract debtors are presented as part of debtors in the statement of financial position. If payments received from customers exceed the income recognised, then the difference is presented as accruals and deferred income in the statement of financial position.

| Interest-bearing borrowings classified as basic financial instruments

| Interest-bearing borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.

3. | TURNOVER

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

| An analysis of turnover by geographical market is given below:

| 2026 |  | 2025

£ | £ |

| United Kingdom | 39,352,967 |  | 31,456,110 |  |

39,352,967 |  | 31,456,110 |  |

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

4. | EMPLOYEES AND DIRECTORS

| 2026 |  | 2025

£ | £ |

| Wages and salaries | 7,389,448 |  | 6,004,768 |  |

| Social security costs | 1,157,405 |  | 810,980 |  |

| Other pension costs | 122,593 |  | 109,866 |  |

8,669,446 |  | 6,925,614 |  |

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

| 2026 |  | 2025

| Site management and production staff | 98 |  | 75 |  |

| Administrative staff | 15 |  | 16 |  |

113 |  | 91 |  |

| 2026 |  | 2025

£ | £ |

| Directors' remuneration | 708,275 |  | 482,399 |  |

| Directors' pension contributions to money purchase schemes | 17,224 |  | 14,884 |  |

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

| Money purchase schemes | 5 |  | 4 |  |

| Information regarding the highest paid director is as follows:

| 2026 |  | 2025

£ | £ |

| Emoluments etc | 151,691 |  | 126,646 |  |

| Pension contributions to money purchase schemes | 3,721 |  | 3,721 |  |

5. | OPERATING PROFIT

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

| 2026 |  | 2025

£ | £ |

| Depreciation - owned assets | 61,470 |  | 36,279 |  |

| Loss on disposal of fixed assets | - |  | 10,123 |  |

| Auditors' remuneration | 38,775 |  | 30,250 |  |

| Foreign exchange differences | (14,188 | ) | (912 | ) |

| Auditors' remuneration for services other than audit is disclosed in the consolidated group financial statements.

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

6. | EXCEPTIONAL ITEMS

| In the prior year, the business recognised an exceptional expense of £188,745 in respect of the write-off of trade receivables, which was presented within the Income Statement.

| The write-off related to several customers who entered insolvency, and despite extensive recovery actions taken to mitigate the company’s exposure, the directors concluded that the balances were irrecoverable.

| A significant proportion of the write-off was attributable to the high-profile failure of ISG Group, where the company’s exposure was supported by clients to ensure early return to site, completion of programmes, and the issue of essential warranties and performance certificates.

| The bad debt write-off was presented separately as an exceptional item due to its material value and non-recurring nature, as its inclusion within operating expenses would have distorted the underlying performance for the year.

| There were no exceptional items recognised in the current year.

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2026 |  | 2025

£ | £ |

| Bank interest | 32,152 |  | 2,477 |  |

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 | 860,000 |  | 400,000 |  |

| Over/under provision in prior year | 2,915 |  | (1,488 | ) |

| Overseas taxation | 14,387 |  | 8,911 |  |

| Total current tax | 877,302 |  | 407,423 |  |

| Deferred tax | 11,966 |  | 7,577 |  |

| Tax on profit | 889,268 |  | 415,000 |  |

| UK corporation tax has been charged at 25% .

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

8. | TAXATION - continued

| 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 | 3,180,215 |  | 1,418,853 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%) | 795,054 |  | 354,713 |  |

| Effects of:

| Expenses not deductible for tax purposes | 64,946 |  | 46,023 |  |

| Depreciation in excess of capital allowances | 11,966 |  | 6,841 |  |

| Adjustments to tax charge in respect of previous periods | 2,915 |  | (1,488 | ) |

| Overseas taxation | 14,387 |  | 8,911 |  |

| Total tax charge | 889,268 |  | 415,000 |  |

| Tax effects relating to effects of other comprehensive income |

| 2026 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Foreign exchange | (4,632 | ) | - |  | (4,632 | ) |

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Foreign exchange | (1,172 | ) | - |  | (1,172 | ) |

| Factors that may affect future tax charges

| The corporation tax main rate remains at 25%, with the small profits rate at 19%.

| Deferred tax balances have been recognised at the rate at which it is expected that the future benefit will be received.

9. | DIVIDENDS

| 2026 |  | 2025

£ | £ |

| Interim | 1,000,000 |  | - |  |

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

10. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Office |  | Computer |

| fittings |  | Fit Out |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2025 | 30,495 |  | - |  | 212,512 |  | 243,007 |  |

| Additions | 977 |  | 113,688 |  | 814 |  | 115,479 |  |

| Transfers | - |  | - |  | 49,443 |  | 49,443 |  |

| At 31 January 2026 | 31,472 |  | 113,688 |  | 262,769 |  | 407,929 |  |

| DEPRECIATION

| At 1 February 2025 | 19,931 |  | - |  | 114,241 |  | 134,172 |  |

| Charge for year | 2,641 |  | 22,738 |  | 36,091 |  | 61,470 |  |

| Transfers | - |  | - |  | 4,162 |  | 4,162 |  |

| At 31 January 2026 | 22,572 |  | 22,738 |  | 154,494 |  | 199,804 |  |

| NET BOOK VALUE

| At 31 January 2026 | 8,900 |  | 90,950 |  | 108,275 |  | 208,125 |  |

| At 31 January 2025 | 10,564 |  | - |  | 98,271 |  | 108,835 |  |

| Transfers represent the original cost and accumulated depreciation on assets transferred from/(to) other group companies.

11. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST

| At 1 February 2025

| and 31 January 2026 | 75,979 |  |

| PROVISIONS

| At 1 February 2025 | 30,392 |  |

| Provision for year | 15,196 |  |

| At 31 January 2026 | 45,588 |  |

| NET BOOK VALUE

| At 31 January 2026 | 30,391 |  |

| At 31 January 2025 | 45,587 |  |

12. | STOCKS

2026 | 2025 |

£ | £ |

| Work-in-progress | 839,016 |  | 1,905,928 |  |

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

13. | DEBTORS

2026 | 2025 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 3,923,725 |  | 5,513,309 |  |

| Other debtors | 26,028 |  | 15,167 |  |

| Corporation tax | 37,500 |  | - |  |

| VAT | 418,679 |  | 326,236 |  |

| Prepayments and accrued income | 588,351 |  | 764,566 |  |

4,994,283 |  | 6,619,278 |  |

| Amounts falling due after more than one year:

| Trade debtors | 475,999 |  | 465,985 |  |

| Aggregate amounts | 5,470,282 |  | 7,085,263 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | 2,455,358 |  | 2,567,184 |  |

| Amounts owed to group undertakings | 302,443 |  | 631,068 |  |

| Corporation tax | - |  | 85,000 |  |

| Social security and other taxes | 277,938 |  | 242,511 |  |

| Other creditors | - |  | 357 |  |

| Accruals and deferred income | 5,316,454 |  | 3,581,524 |  |

8,352,193 |  | 7,107,644 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | 134,650 |  | 134,608 |  |

16. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2026 | 2025 |

£ | £ |

| Within one year | 85,869 |  | 34,059 |  |

| Between one and five years | 83,730 |  | - |  |

169,599 |  | 34,059 |  |

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

17. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax

| Excess of tax allowances over depreciation | 19,543 |  | 7,577 |  |

| Deferred |  | Onerous |

| tax |  | contracts |

£ | £ |

| Balance at 1 February 2025 | 7,577 |  | - |  |

| Provided during year | 11,966 |  | - |  |

| Balance at 31 January 2026 | 19,543 |  | - |  |

| Onerous contracts

| Where it is probable that total contract costs will exceed total contract revenue on a construction contract, a provision for the expected loss has been be recognised as an expense.

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 100,000 | Ordinary | £1 | 100,000 |  | 100,000 |  |

19. | RESERVES

| Retained

| earnings

£ |

| At 1 February 2025 | 4,351,961 |  |

| Profit for the year | 2,290,947 |  |

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

| Exchange adjustment | (4,632 | ) |

| At 31 January 2026 | 5,638,276 |  |

| Retained earnings is a distributable reserve and records retained earnings and accumulated losses.

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

20. | CONTINGENT LIABILITIES

| Performance bonds

| Performance bonds

| The group had contingent liabilities at the balance sheet date in respect of performance bonds, as follows:

| Expires |  |  | Amount |  |

| £ |  |

| 30 April 2026 |  |  | 245,000 |  |

| 29 February 2028 |  |  | 161,343 |  |

|  | 406,343 |  |

21. | RELATED PARTY DISCLOSURES

| Group companies

| This company is a wholly-owned subsidiary within a group. It has therefore taken advantage of the exemptions provided within Financial Reporting Standard 102, from disclosure of transactions entered into with other members of the group.

| Transactions with key management personnel

|  | 2026 |  | 2025 |  |

| £ |  | £ |  |

| Total compensation of key management personnel, including directors |  | 826,037 |  | 559,128 |  |

| Other related parties transactions

| There were no other transactions that require disclosure under Financial Reporting Standard 102.

OAG LIMITED (REGISTERED NUMBER: 06077937)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2026

22. | ULTIMATE PARENT COMPANY

| The directors consider Optima Contracting Limited to be the company's immediate parent company and Hexa Group Holdings Limited to be the company's ultimate parent company.

| The largest group in which this company's information is consolidated is that of Hexa Group Holdings Limited . This company is incorporated in England and Wales and will be drawing up consolidated financial statements to 31 January 2026. The principal pla ce of business for this company is:

| Courtyard House

| West End Road

| High Wycombe

| Buckinghamshire

| HP11 2QB

| The smallest group, in which this company's information is consolidated is that of Optima Contracting Limited . This company is incorporated in England and Wales and will be drawing up its consolidated financial statements to 31 January 2026. The principal pla ce of business for this company is:

| Courtyard House

| West End Road

| High Wycombe

| Buckinghamshire

| HP11 2QB

| Copies of the consolidated financial statements of Hexa Group Holdings Limited and Optima Contracting Limited can be obtained from:

| First Floor North

| 40 Oxford Road

| High Wycombe

| Buckinghamshire

| HP11 2EE