REGISTERED NUMBER: 01894212 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

O.C.S. CONSULTING PLC

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

Mr M Aroesti

Mr Y A R Poriau

SECRETARY:

Mr Y A R Poriau

REGISTERED OFFICE:

167-169 Great Portland Street

5th Floor

London

W1W 5PF

REGISTERED NUMBER:

01894212 (England and Wales)

INDEPENDENT AUDITORS:

Cube Partners Limited

Chartered Accountants and Registered Auditors

5 Giffard Court

Millbrook Close

Northampton

Northamptonshire

NN5 5JF

The directors present their strategic report of the company and the group for the year ended 31 March 2026.

REVIEW OF BUSINESS

The economic environment across the UK and Europe during 2025/2026 remained challenging for organisations operating within the IT Services, Consultancy and Resourcing sectors. Whilst inflationary pressures reduced during the period the market continued to exercise caution in relation to spending and investment in IT projects. The Board therefore entered the year with a prudent budget and cautious outlook reflecting experiences from last year and the underlying environment.

Despite these conditions, the Group delivered a strong performance during the year. Revenue and profitability exceeded the original budget due to high utilisation levels, effective cost management, quality delivery and the successful implementation of client commitments and orders. Throughout the year the Group benefited from a resilient order book and strong client retention which helped offset the slower pace of new business acquisition across our markets.

As well as strong performance in our Consulting business, our SAS software reseller business has begun to grow significantly due to changes in supplier strategy. This contributed to our top line growth but also the percentage of revenues delivered in Europe. The Board recognises that this trend is likely to continue and as such will be factored into strategic objectives going forward.

The Board is very pleased to report that business continued to demonstrate resilience and stability despite several significant people events including the retirement of a senior member of staff and the departure of another. The succession plans that had been put in place, handover arrangements and organisational changes implemented during the period they proved effective, enabling continuity of service to clients whilst supporting strong financial performance.

During the year, the Board became more aware of developments in Artificial Intelligence and its potential impact on both internal operations and client facing services in the future. As such the group began to target activity in this area to cover governance, technologies and approaches to adoption. The Board believes that AI will represent both opportunities and challenges in the coming years.

In addition to delivering strong operational results the group continued its transition to employee ownership and remains committed to meeting all employee trust obligations whilst maintaining a strong balance sheet and investing appropriately in future growth and organisational development. During the year the Group successfully met its EOT commitments, selected new employee trustees and continued to strengthen governance, communication and employee engagement activities.

Turnover for the year ending 2026 was £14,157,758 and has increased by 16.5% from 2025. Net profit before tax for the group was £836,539 which was a significant increase from the profit of £322,315 in 2025.

At the end of the year, the profile of the company is 2 Directors, 6 Senior Managers and over 100 staff.

The Board would like to thank all staff for their commitment, professionalism and support through the year. Particular recognition is due to members of the Senior Management team for their support in overcoming significant management and operational challenges.

The Board would also like to thank its loyal clients, partners, contacts and suppliers for their continued trust and support.

For the coming year the OCS Board has reviewed its strategy and will be directing its focus towards

- Maximising Financial Performance and operational efficiency

- Continuing the development of the group's international operations

- Supporting succession planning and organisational development

- Investing in Artificial Intelligence activities across operations and client facing services to establish approach and adoption plans

- Continuing investment in IT, operational resilience and cyber security

- Strategic Review of business services covering Consulting, Software Sales and impact of AI opportunities.

- Meeting all Employee Ownership Trust obligations and continue to drive employee engagement.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of our strategy are subject to several risks. The following section summarises the main risks which we believe could potentially impact upon our operating and financial performance.

Microeconomic environment (UK & Europe)

The IT services industry tends to closely follow the wider economic cycles as companies decide whether to invest in new systems. Whilst the group has performed strongly during 2025/2026 many clients continue to restrict investment in IT and as such current forecasts are necessarily cautious for the coming year.

Technology and Artificial Intelligence

The pace of change associated with AI presents both opportunities and risks. AI has the potential to affect delivery models, commercial structures and service needs into the market. The Board will begin significant research and investment to understand the implications of the emerging technologies.

People and Succession

The Group's continued success depends upon the recruitment, retention and development of skilled employees and future leaders. During the year the business successfully managed the departure of senior managers through succession planning and redistribution of responsibilities. Whilst progress has been encouraging, management succession and organisational development remain important strategic priorities. The employee ownership model continues to have a positive impact on engagement and retention.

Client & Client Revenue distribution

OCS have a well-distributed client base in terms of services and geography. This has been a source of stability over the last year. Furthermore, despite market conditions there was success in new client acquisition during the year. The Board's view that the number and distribution of clients presents a strong foundation for the future against market, economic and local changes, however the impact of AI on client buying patterns in terms of volume and duration is not yet understood and is likely to present the biggest risks in the short to medium term.

Legal

The company is subject to varying UK and EEC legal and compliance regulations. The company takes its responsibilities seriously and ensures that its policies, systems and procedures are continually updated and comply with the legal requirements in all the sectors in which we operate.

SECTION 172(1) STATEMENT

In accordance with Section 172(1) of the Companies Act 2006, the Directors consider the long-term consequences of their decisions and the interests of all stakeholders in promoting the success of the Company for the benefit of its members as a whole.

The Directors recognise that our employees are fundamental to achieving this objective. The transition to employee ownership reflects this commitment, ensuring that every member of staff has a meaningful stake in the Company and shares in its future prosperity. The Employee Ownership Trust and associated management processes support our aim to provide a safe, secure, and rewarding work environment, while demonstrating the Directors' ongoing consideration of employee interests, wellbeing, and engagement in line with their Section 172 duties.

The Directors, in accordance with Section 172(1), seek to foster strong and fair relationships with our suppliers. We aim to treat all suppliers fairly, honour agreed terms, and ensure that contracts and relationships are conducted ethically, transparently, and in compliance with statutory and moral standards, including anti-bribery, fair payment, and competitiveness. This approach supports the Company's reputation and long-term sustainability.

The Directors, mindful of their Section 172(1) duties, recognise that maintaining trusted, transparent relationships with customers is essential to the Company's success. We are committed to providing high-quality services, engaging in regular communication, and ensuring clients are informed about activities that may impact them. Continuous monitoring, review, and feedback processes help ensure our services meet client expectations and contribute to long-term value creation.

The Directors are committed to operating in full compliance with all applicable laws and regulations, consistent with their duties under Section 172(1). We maintain ongoing monitoring of legislative and regulatory developments, and we cooperate openly with regulators, customers, and suppliers by providing transparent reporting and disclosure of relevant policies, procedures, and compliance information. This approach helps ensure responsible governance and promotes the Company's long-term success.

ON BEHALF OF THE BOARD:

Mr M Aroesti - Director

18 September 2026

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was the provision of IT services to major international businesses, local national businesses and government agencies. There was no significant change in these activities during the year.

DIVIDENDS

The total distribution of interim dividends for the year ended 31 March 2026 was £399,266. The directors do not recommend payment of a further dividend.

RESEARCH AND DEVELOPMENT

Across the group, research and development activity was kept to a minimum during the year with any available resources and capacity deployed in areas aligned with current product development and customer driven activity. No formal research and development programme was undertaken.

Going forward, the group expects research and development activity to increase in areas associated with AI, product development and internal process improvements.

FUTURE DEVELOPMENTS

The company's operational strategy for the forthcoming year is to continue to concentrate on the performance, profitability, sustainability and security of the company and developing the foundation for growth when market conditions allow.

To meet its objectives for the year, OCS will pursue the following activities:

- maximising operational financial performance;

- strengthening group collaboration and reporting;

- development of leadership and succession plans;

- investment in international diversification;

- understanding and adopting artificial intelligence technologies;

- improving IT, cybersecurity and operational resilience; and

- continually reviewing business/client services mix.

As an employee-owned company, a high level of focus will continue on the development and support of all staff, from the senior management team through to delivery consultants and functional staff. The directors believe that the success of the company has been underpinned by the loyalty and engagement of staff, and their development and welfare continue to be of the highest priority.

DIRECTORS

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

Mr M Aroesti

Mr Y A R Poriau

FINANCIAL INSTRUMENTS

Treasury operations and financial instruments

It is the directors' intention to continue to finance the activities and development of the group from retained earnings and company funds. The directors will maintain the current strong balance sheet position and operate the a group in conservative fashion, maintaining their focus on both profitability and cash flow.

Liquidity risk

The group meets its day to day working capital requirements through self-financing. The company's forecasts and projections, taking account of potential changes in trading performance, show that the company can operate within its current level of liquidity and the directors have no concerns on this matter

Interest rate risk

There is no interest rate risk.

Foreign currency risk

The group operates in multiple currencies: Sterling (UK Trading Businesses), Euro (BV & BE Trading Business), Swiss Franc (Swiss Trading Business) and US Dollars (US Clients). As sales are well balanced the company has limited exposure although fluctuations in exchange rates will cause losses and gains to be affected by the timing of internal foreign exchange requirements.

Credit risk

Due to the large corporate client base and credit history, the directors feel that current credit risk is manageable.

POLITICAL DONATIONS AND EXPENDITURE

The company has made no political donations in the year.

ENGAGEMENT WITH EMPLOYEES

The group operates a non-discrimination policy for all staff covering sex, disability and race.

The group operates the following activities aimed at communicating with, incentivising and involving staff. namely:

- regular company information emails

- regular company newsletter

- regular company meetings

- incentive schemes for managers and appropriate staff

- long service awards and share option scheme.

The group re-affirms its commitment to running ethical and environmentally friendly policies as well as updating and maintaining its policies and procedures to comply with regulations.

STREAMLINED ENERGY AND CARBON REPORTING

As the group has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

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

ON BEHALF OF THE BOARD:

Mr M Aroesti - Director

18 September 2026

Opinion

We have audited the financial statements of O.C.S. Consulting PLC (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 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 31 March 2026 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.

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.

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.

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:

We considered the central laws and regulations to the entity and identified those of significance to the entity. The significant laws and regulations include health and safety regulations, GDPR, UK company law and employment law. We undertook an enquiry of management and those charged with governance to evaluate those of significance and any instances of non-compliance.

Through discussion, and where appropriate, written representation, we obtained an understanding of the entity’s policies and procedures on fraud risks, including knowledge of any actual, suspected or alleged fraud.

Where necessary documentation scrutiny was used to determine the significance of any instances of non-compliance of central laws and regulations.

We 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.

The risk of management override of controls and understatement of revenue were identified to have the greatest risk of material misstatement from irregularities, including fraud, on the financial statements.

Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of regularities, sample testing on the posting of journals, reviewing of regulatory correspondence and professional fees, detailed substantive testing on the completeness of income, and reviewing accounting estimates for biases.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Steven Jones (Senior Statutory Auditor)

for and on behalf of Cube Partners Limited

Chartered Accountants and Registered Auditors

5 Giffard Court

Millbrook Close

Northampton

Northamptonshire

NN5 5JF

21 September 2026

TURNOVER

3

14,157,758

12,148,763

Cost of sales

9,373,395

7,640,597

GROSS PROFIT

4,784,363

4,508,166

Administrative expenses

3,983,918

4,211,175

800,445

296,991

Other operating income

13,526

-

OPERATING PROFIT

6

813,971

296,991

Interest receivable and similar income

8

22,568

25,324

PROFIT BEFORE TAXATION

836,539

322,315

Tax on profit

9

191,510

51,318

PROFIT FOR THE FINANCIAL YEAR

645,029

270,997

Profit attributable to:

Owners of the parent

645,029

270,997

PROFIT FOR THE YEAR

645,029

270,997

OTHER COMPREHENSIVE INCOME

Currency translation gain/(loss)

88,838

(41,736

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

88,838

(41,736

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

733,867

229,261

Total comprehensive income attributable to:

Owners of the parent

733,867

229,261

FIXED ASSETS

Intangible assets

12

-

-

Tangible assets

13

103,067

86,710

Investments

14

-

-

103,067

86,710

CURRENT ASSETS

Debtors

15

6,362,729

3,524,645

Cash at bank and in hand

5,085,952

3,719,286

11,448,681

7,243,931

CREDITORS

Amounts falling due within one year

16

8,691,071

4,804,565

NET CURRENT ASSETS

2,757,610

2,439,366

TOTAL ASSETS LESS CURRENT LIABILITIES

2,860,677

2,526,076

PROVISIONS FOR LIABILITIES

18

34,241

34,241

NET ASSETS

2,826,436

2,491,835

CAPITAL AND RESERVES

Called up share capital

19

294,198

294,198

Share premium

5,000

5,000

Retained earnings

2,527,238

2,192,637

SHAREHOLDERS' FUNDS

2,826,436

2,491,835

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

Mr M Aroesti - Director

FIXED ASSETS

Intangible assets

12

-

-

Tangible assets

13

16,522

5,497

Investments

14

64,194

64,194

80,716

69,691

CURRENT ASSETS

Debtors

15

1,402,245

725,032

Cash at bank and in hand

1,489,393

1,151,471

2,891,638

1,876,503

CREDITORS

Amounts falling due within one year

16

1,873,249

1,890,675

NET CURRENT ASSETS/(LIABILITIES)

1,018,389

(14,172

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,099,105

55,519

CAPITAL AND RESERVES

Called up share capital

19

294,198

294,198

Share premium

5,000

5,000

Retained earnings

799,907

(243,679

)

SHAREHOLDERS' FUNDS

1,099,105

55,519

Company's profit/(loss) for the financial year

1,442,852

(299,965

)

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

Mr M Aroesti - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 April 2024

294,198

2,362,642

5,000

2,661,840

Changes in equity

Dividends

-

(399,266

)

-

(399,266

)

Total comprehensive income

-

229,261

-

229,261

Balance at 31 March 2025

294,198

2,192,637

5,000

2,491,835

Changes in equity

Dividends

-

(399,266

)

-

(399,266

)

Total comprehensive income

-

733,867

-

733,867

Balance at 31 March 2026

294,198

2,527,238

5,000

2,826,436

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 April 2024

294,198

455,552

5,000

754,750

Changes in equity

Dividends

-

(399,266

)

-

(399,266

)

Total comprehensive income

-

(299,965

)

-

(299,965

)

Balance at 31 March 2025

294,198

(243,679

)

5,000

55,519

Changes in equity

Dividends

-

(399,266

)

-

(399,266

)

Total comprehensive income

-

1,442,852

-

1,442,852

Balance at 31 March 2026

294,198

799,907

5,000

1,099,105

Cash flows from operating activities

Cash generated from operations

1

1,771,833

820,501

Tax paid

(75,725

)

(161,120

)

Net cash from operating activities

1,696,108

659,381

Cash flows from investing activities

Purchase of tangible fixed assets

(47,779

)

(19,567

)

Sale of tangible fixed assets

6,197

2,109

Interest received

22,568

25,324

Net cash from investing activities

(19,014

)

7,866

Cash flows from financing activities

Equity dividends paid

(399,266

)

(399,266

)

Net cash from financing activities

(399,266

)

(399,266

)

Increase in cash and cash equivalents

1,277,828

267,981

Cash and cash equivalents at beginning of year

2

3,719,286

3,493,041

Effect of foreign exchange rate changes

88,838

(41,736

)

Cash and cash equivalents at end of year

2

5,085,952

3,719,286

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

2026

2025

£

£

Profit before taxation

836,539

322,315

Depreciation charges

31,422

28,171

Profit on disposal of fixed assets

(6,197

)

(36

)

Finance income

(22,568

)

(25,324

)

839,196

325,126

(Increase)/decrease in trade and other debtors

(2,954,265

)

287,594

Increase in trade and other creditors

3,886,902

207,781

Cash generated from operations

1,771,833

820,501

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 March 2026

31.3.26

1.4.25

£

£

Cash and cash equivalents

5,085,952

3,719,286

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

3,719,286

3,493,041

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank and in hand

3,719,286

1,366,666

5,085,952

3,719,286

1,366,666

5,085,952

Total

3,719,286

1,366,666

5,085,952

1.	STATUTORY INFORMATION

O.C.S. Consulting PLC is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the General 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.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures;

Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

Section 26 'Share based Payment': Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

Section 33 'Related Party Disclosures': Compensation for key management personnel.

Basis of consolidation

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

The consolidated group financial statements consist of the financial statements of the parent company OCS Consulting Plc together with all entities controlled by the parent company (its subsidiaries) and the group's share of its interests in joint ventures and associates.

All financial statements are made up to the 31 March 2026. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

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.

Subsidiaries are consolidated in the group's financial statements from the date that control commences until the date that control ceases.

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

In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets

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

Short leasehold

-

Over the term of the lease

Fixtures and fittings

-

50% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investments in subsidiaries and associates

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent company financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.