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REGISTERED NUMBER: SC739419 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

Rental Technology And Services Limited

| Rental Technology And Services Limited (Registered number: SC739419) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

| Rental Technology And Services Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | D R Currie

| F Knutsen

| T H Staalesen

| REGISTERED OFFICE: | Horizon Centre

| Exploration Drive

| Bridge of Don

| Aberdeen

| AB23 8GX

| REGISTERED NUMBER: | SC739419 (Scotland)

| AUDITORS: | bk plus Audit Limited

| Azzurri House

| Walsall Business Park

| Aldridge

| Walsall

| West Midlands

| WS9 0RB

| Rental Technology And Services Limited (Registered number: SC739419) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 6,681,693 |  | 3,631,170 |  |

CURRENT ASSETS

Stocks | 239,280 |  | 103,730 |  |

Debtors | 6 | 3,518,255 |  | 3,522,610 |  |

Cash at bank | 352,843 |  | 514,679 |  |

4,110,378 |  | 4,141,019 |  |

CREDITORS

Amounts falling due within one year | 7 | 6,458,407 |  | 5,215,925 |  |

NET CURRENT LIABILITIES | (2,348,029 | ) | (1,074,906 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,333,664 |  | 2,556,264 |  |

PROVISIONS FOR LIABILITIES | 9 | 1,208,171 |  | 709,986 |  |

NET ASSETS | 3,125,493 |  | 1,846,278 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 3,125,393 |  | 1,846,178 |  |

SHAREHOLDERS' FUNDS | 3,125,493 |  | 1,846,278 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by:

D R Currie - Director

| Rental Technology And Services Limited (Registered number: SC739419) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Rental Technology And Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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 disclosures 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 amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

| Operating lease commitments:

| As a lessee, the company obtains the use of property, plant and equipment. The classification of such leases as operating or finance lease requires the company to determine, based on an evaluation of the terms and conditions of the arrangement, whether it retains or acquires the significant risks and rewards of ownership of these assets and accordingly whether the lease requires an asset and liability to be recognised in the statement of financial position.

| Useful economic life of non-current assets:

| Management estimate the useful economic life of non-current assets based on the period over which the asset is expected to be used and provide for depreciation accordingly. Where an indication of impairment is identified the estimation of recoverable value requires estimation.

| Deferred tax:

| Management estimation is required to determine the amount of deferred tax asset that can be recognised, based upon likely timing and level of future taxable profits.

| Impairment of trade receivables:

| The company makes an estimate of the recoverable amount of trade and other debtors. When assessing impairment of trade and other receivables, management considers factors including the credit rating of the receivable, the ageing profile of receivables and historical experience.

| Turnover

| 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 readily. The stage of completion is calcuated 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 recoverable..

| Rental Technology And Services Limited (Registered number: SC739419) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

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

| Rental equipment between 20% and 33.33% straight line

| Plant and machinery 20% straight line

| Fixtures and fittings 20% straight line

| Office 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.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

| At each reporting date, an assessment is made for impairment, Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit or loss. Reversals of impairment losses are also recognised in profit or loss.

| Rental Technology And Services Limited (Registered number: SC739419) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Other financial assets

| Other financial assets including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

| Financial assets are impaired where there is objective evidence that, as a result of one of more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between carrying amount and present value of the estimated cash flows discounted at the asset's assets original effective interest rate. The impairment loss is recognised in the profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks or rewards of ownership to another entity, or if some significant risks and rewards of ownerships are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| 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.

| Basic financial liabilities

| Rental Technology And Services Limited (Registered number: SC739419) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments 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. Amounts 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.

| Other financial liabilities

| Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract in entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

| Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit and loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce and accounting mismatch or of the instrument are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

| Taxation

| Taxation 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 in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

| Rental Technology And Services Limited (Registered number: SC739419) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Leases

| Leases are classified as financial leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under financial leases are recognised as assets at the lower if the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as finance lease obligation. Lease payments are treated as consisting of capital and interest elements, The interest in charged to the profit and loss so as to produce a constant periodic rate of the interest on the remaining balance of the liability.

| Rentals payable under operating leases, including any lease incentives received, are charged ot the profit and loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

| 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 profit or loss in the period to which they relate.

| 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.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

| Debt recovery

| All aged debt is regularly reviewed to ascertain the continuing prospect of recovery and that it remains economical to continue to pursue recovery. Where recovery is considered doubtful or uneconomic, the department will provide for or write-off the debt by reducing the value of debtors within the Statement of Financial Position.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| In making this assessment the directors have prepared cash flow projections for the group which shows that it will operate within its current capital facility, without the need for additional funding beyond that already available at the date of approval of these accounts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 14 (2024 - 11 ) .

| Rental Technology And Services Limited (Registered number: SC739419) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | AUDITORS' REMUNERATION

| 31.12.25 |  | 31.12.24

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 12,500 |  | 8,350 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 4,363,973 |  |

| Additions | 4,401,459 |  |

| Disposals | (43,166 | ) |

| At 31 December 2025 | 8,722,266 |  |

| DEPRECIATION

| At 1 January 2025 | 732,803 |  |

| Charge for year | 1,319,171 |  |

| Eliminated on disposal | (11,401 | ) |

| At 31 December 2025 | 2,040,573 |  |

| NET BOOK VALUE

| At 31 December 2025 | 6,681,693 |  |

| At 31 December 2024 | 3,631,170 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 3,282,166 |  | 3,391,994 |  |

| Other debtors | 236,089 |  | 130,616 |  |

3,518,255 |  | 3,522,610 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 692,163 |  | 274,210 |  |

| Amounts owed to group undertakings | 3,531,175 |  | 2,610,315 |  |

| Taxation and social security | 173,418 |  | 26,103 |  |

| Other creditors | 2,061,651 |  | 2,305,297 |  |

6,458,407 |  | 5,215,925 |  |

| Rental Technology And Services Limited (Registered number: SC739419) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | LEASING AGREEMENTS

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 172,932 |  | 99,820 |  |

| Between one and five years | 894,905 |  | 884,711 |  |

| In more than five years | - |  | 160,000 |  |

1,067,837 |  | 1,144,531 |  |

| During the year the company paid £108,629 towards operating leases. Interest on charged on some of the leases at 3% above the Bank of England base rate if paid late.

9. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax | 1,208,171 |  | 709,986 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 709,986 |  |

| Accelerated capital allowances | 498,185 |  |

| Balance at 31 December 2025 | 1,208,171 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Keval Dattani ACA (Senior Statutory Auditor)

| for and on behalf of bk plus Audit Limited

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the year the director David Currie charged interest of £108,141 on the loan to Rental Technology and Services Limited. The interest was charged @ 8%. The company also repaid David Currie £411,052.

| The balance of £1,369,198 was outstanding at the year end (2024 - £1,672,109). This balance sits within Other Creditors in the 'Notes to the Financial Statements'.

| Rental Technology And Services Limited (Registered number: SC739419) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

13. | RELATED PARTY DISCLOSURES

| During the year AOSS Limited, a company controlled by David Currie, advanced £19,882 to Rental Technology and Services. The balance of £268,402 was outstanding at the year end. (2024 - £248,520). This balance sits within Other Creditors in the 'Notes to the Financial Statements'.

| During the year Rental Technology and Services AS advanced £1,364,860 to Rental Technology and Services of which £468,262 was repaid during the year. The balance of £2,432,661 was outstanding at the year end. (2024 - £1,536,063)

14. | ULTIMATE CONTROLLING PARTY

| The company was controlled by its immediate parent company, RTS Invest AS, a company incorporated in Norway, address is: Sjøenvegen 52, 4270 Åkrehamn Norway.