Financial statements
Strategic report
Governance
121 OCU Group Annual report and financial statements 2026
Notes to the consolidated financial statements continued for the year ended 30 April 2026
11. Taxation continued Deferred tax
12. Intangible assets
Software £000
Goodwill £000
Total £000
2026 £000
2025 £000
Cost At 1 May 2025
2,489
Balance at 1 May
(667)
4,323
678,729
683,052
(824)
On acquisition
1,442
On acquisition
29
105,472
105,501
224
Charge to profit
1,714
Additions
1,591
—
1,591
Balance at 30 April
1,889
2,489
Revaluation
—
9,374
9,374
Disposals
(35)
—
(35)
The deferred tax liability relates to:
Currency exchange difference
3
7,798
7,801
2026 £000
2025 £000
At 30 April 2026 Amortisation At 1 May 2025
5,911
801,373
807,284
6,711
Fixed asset timing differences
3,536
(540)
(131,794)
(132,334)
(2,590)
Short-term timing differences
(1,173)
Charge for the year
(559)
(75,733)
(76,292)
—
Business combinations
254
Currency exchange difference
(2)
(460)
(462)
(2,615)
Losses and other deductions
(128)
At 30 April 2026 Net book value At 30 April 2026
(1,101)
(207,987)
(209,088)
383
Other differences
—
Total
1,889
2,489
4,810
593,386
598,196
At 30 April 2025 550,718 The goodwill revaluation relates to increases in estimates for contingent consideration payable for the acquisitions of OCU Nettworx Limited and OCU Power Grid Plant Limited (£8.6m) and Andrews Associates Engineers Limited (£0.1m), as well as the finalisation of acquisition accounting for Carmar Ltd and its subsidiary Peter McCormack & Sons Limited (£0.7m), in accordance with FRS 102 section 19: Business Combinations and Goodwill (see note 27). 3,783 546,935
The amortisation of software and goodwill is included within administrative expenses.
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