R W Stewart Haulage Limited

	Page
Accountant's Report	1
Balance Sheet	2
Notes to the Financial Statements	3—4

Report to the directors on the preparation of the unaudited statutory accounts of R W Stewart Haulage Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of R W Stewart Haulage Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the directors of R W Stewart Haulage Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of R W Stewart Haulage Limited and state those matters that we have agreed to state to the directors of R W Stewart Haulage Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R W Stewart Haulage Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that R W Stewart Haulage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of R W Stewart Haulage Limited . You consider that R W Stewart Haulage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of R W Stewart Haulage Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Signed

4 December 2025

Glen Drummond Ltd

Chartered Accountants

Argyll House

Quarrywood Court

Livingston

EH54 6AX

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R W Stewart Haulage Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC711207

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	16,000		16,000
Debtors	5	1,160,532		704,181
Cash at bank and in hand		77,170		62,163

		1,253,702		782,344
Creditors: Amounts Falling Due Within One Year	6	(1,217,371 )		(778,352 )

NET CURRENT ASSETS (LIABILITIES)			36,331		3,992

TOTAL ASSETS LESS CURRENT LIABILITIES			36,331		3,992

NET ASSETS			36,331		3,992

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			36,231		3,892

SHAREHOLDERS' FUNDS			36,331		3,992

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Stewart

Director

4 December 2025

The notes on pages 3 to 4 form part of these financial statements.

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R W Stewart Haulage Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

R W Stewart Haulage Limited is a private company, limited by shares, incorporated in Scotland, registered number SC711207 . The registered office is Argyll House, Quarrywood Court, Livingston, EH54 6AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from that of freight transport by road. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

Basic financial instruments are initially recognised at transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method, where applicable. These can include trade and other debtors, cash and bank balances, trade and other creditors, and intercompany balances. Financial assets are assessed at the end of each reporting period for evidence of impairment and adjusted if necessary. The company does not hold or issue any complex financial instruments such as derivatives.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 19)

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R W Stewart Haulage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Stocks

	2025	2024
	£	£
Stock	16,000	16,000

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	320,731	355,453
Other debtors	839,801	348,728

	1,160,532	704,181

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	698,136	340,973
Bank loans and overdrafts	265,042	291,816
Other creditors	97,973	2,792
Taxation and social security	156,220	142,771

	1,217,371	778,352

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

The company operates a loan account with R W Stewart, a partnership in which Mr A Stewart is proprietor.

During the year, the company sold services totalling £116,279 (2024: £190,157) to R W Stewart and purchased services totalling £36,465 (2024: £16,340) from R W Stewart. This was conducted under normal commercial terms.

During the year, the company advanced loans totalling £159,980 to R W Stewart. At the year end, the balance due from R W Stewart was £432,612 (2024 - £272,632). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with George Stewart & Sons, a sole trade business in which Mr A Stewart is proprietor.

During the year, the company sold services totalling £97,014 (2024: £55,729) to George Stewart & Sons and purchased services totalling £37,000 (2024: £18,000) from George Stewart & Sons. This was conducted under normal commercial terms. During the year, George Stewart & Sons repaid loans totalling £1,381 to the company. At the year end, the balance due from George Stewart & Sons was £54,349 (2024 - £55,729). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with R W Stewart Ltd, a company controlled by Mr A Stewart.

During the year, the company purchased services totalling £624,371 (2024: £143,228) from R W Stewart Ltd. This was conducted under normal commercial terms. During the year, the company advanced loans totalling £341,345 to RW Stewart Ltd. At the year end, the balance due from R W Stewart Ltd was £341,345 (2024 - £NIL). This loan is unsecured, interest free and has no fixed repayment terms.

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