Company registration number 08326278 (England and Wales)
R U TRAINING - INDUSTRIAL SPECIALISTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
R U TRAINING - INDUSTRIAL SPECIALISTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
R U TRAINING - INDUSTRIAL SPECIALISTS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
17,640
25,911
Current assets
Debtors
5
14,172
15,877
Creditors: amounts falling due within one year
6
(844,386)
(739,540)
Net current liabilities
(830,214)
(723,663)
Net liabilities
(812,574)
(697,752)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(812,575)
(697,753)
Total equity
(812,574)
(697,752)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 July 2026 and are signed on its behalf by:
Mr N Yousuf
Director
Company registration number 08326278 (England and Wales)
R U TRAINING - INDUSTRIAL SPECIALISTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

R U Training - Industrial Specialists Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 10, Orde Wingate Way, Stockton-On-Tees, Cleveland, United Kingdom, TS19 0GA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors' have prepared the accounts on a going concern basis, notwithstanding that the company is heavily reliant on the support of it's parent company, OES Equipment Limited, together with it's ultimate controlling company, Joulon Holdings L.P.

The directors’ have received confirmation that Joulon Holdings L.P. will continue to provide the necessary level of support to enable it to continue to operate for the foreseeable future. In considering the ability of Joulon to provide any necessary support in the context of uncertainties it faces as a result of the current economic climate including the impact of Brexit and the conflict in Ukraine, the directors’ have obtained an up to date understanding of Joulon's current financial position and future forecasts, as well as an understanding of the wider market conditions for the Group.

A t the time of approving the financial statements, the company has made a loss after tax in the year of £114,822 (2024 - £117,524), has net current liabilities of £830,214 (2024 - £723,663) and net liabilities of £812,574 (2024 - £697,752 which includes £829,516 (2024 - £725,942) owed to group companies. The company is also predicting further losses during the 2026 financial year which will continue to be supported by group companies.

Taking all these factors into account, the directors’ have a reasonable expectation that the company has adequate support and external resources from group companies to continue in operational existence and therefore they continue to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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 are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

R U TRAINING - INDUSTRIAL SPECIALISTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% - 33% straight line
Fixtures, fittings & equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
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.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

R U TRAINING - INDUSTRIAL SPECIALISTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
9,000
8,650
R U TRAINING - INDUSTRIAL SPECIALISTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025 and 31 December 2025
74,143
Depreciation and impairment
At 1 January 2025
48,232
Depreciation charged in the year
8,271
At 31 December 2025
56,503
Carrying amount
At 31 December 2025
17,640
At 31 December 2024
25,911
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
6,295
7,205
Other debtors
7,877
8,672
14,172
15,877
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,890
828
Amounts owed to group undertakings
829,516
725,942
Taxation and social security
1,651
1,203
Other creditors
11,329
11,567
844,386
739,540
R U TRAINING - INDUSTRIAL SPECIALISTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss 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.

Senior Statutory Auditor:
Joanne Regan FCA
Statutory Auditor:
Azets Audit Services
Date of audit report:
3 July 2026
8
Parent company

The company’s immediate parent company is OES Oilfield Services (UK) Limited, a company incorporated in the United Kingdom. The smallest group undertaking for which group accounts are drawn up and of which the Company is a member is that headed by OES Equipment Limited. The registered office of OES Equipment Limited is PO Box 227, Peveril Buildings, Peveril Square, Douglas, IM99 1RZ, Isle of Man. The consolidated financial statements are not available to the public.

Joulon Holdings L.P., a partnership registered in the Cayman Islands which is an investment of Kohlberg Kravis Roberts ("KKR"), is the ultimate parent entity of the group. The directors are of the view that Joulon Holdings L.P. is the controlling party.

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