Financial statements
Strategic report
Governance
123 OCU Group Annual report and financial statements 2026
Notes to the consolidated financial statements continued for the year ended 30 April 2026
13. Tangible assets continued Transfers reflect:
15. Debtors
2026 £000
2025 £000
• Assets previously capitalised as fixtures and fittings, now reported as plant and machinery, with a cost of £344,000 and associated accumulated depreciation of £272,000. • Assets previously capitalised as leasehold improvements, now reported as fixtures and fittings, with a cost of £17,000 and associated accumulated depreciation of £nil. • Assets previously capitalised as motor vehicles, now reported as plant and machinery, with a cost of £3,000 and associated accumulated depreciation of £nil. • Assets previously capitalised as assets under construction which were brought into use during the year, at which point they were reported as plant and machinery and depreciated in line with Group policy. The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts:
Amounts falling due within one year: Trade debtors
109,970
94,508
217,691
Accrued income and retentions
165,833
29,129
Prepayments and other receivables
20,825
2,074
Corporation tax receivable
7,565
14,106
Derivative financial instruments (note 21)
8,223
372,970 296,954 Trade debtors are stated after provisions for impairment of £1.1m (2025: £0.2m). Included within accrued income and retentions are retentions due in more than one year of £20.6m (2025: £17.3m).
2026 £000
2025 £000
16. Cash and cash equivalents
42,940
Plant and machinery
22,104
2026 £000
2025 £000
1,429
Motor vehicles
73
44,369
22,177
140,611
Cash at bank
77,233
Depreciation charge for the year in respect of leased assets
6,986
4,405
14. Stocks
2026 £000
2025 £000
10,140
Stocks
12,035
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