THOMAS MUIR (HAULAGE) LIMITED


Directors	Thomas Muir
	George Muir


Company Secretary	George Charles Muir


Registered Address	Den Road
	Kirkcaldy
	Fife
	KY1 2ER


Registered Number	SC047306 (Scotland)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		331,521		342,289
			331,521		342,289
Current assets
Stocks		2,002		2,004
Debtors	4	295,706		335,166
Cash at bank and on hand		20,550		6,000
		318,258		343,170
Creditors amounts falling due within one year	5	(1,630,967)		(1,693,224)
Net current assets (liabilities)			(1,312,709)		(1,350,054)
Total assets less current liabilities			(981,188)		(1,007,765)
Creditors amounts falling due after one year	6		(834)		(10,833)
Provisions for liabilities			(45,498)		(47,138)
Net assets			(1,027,520)		(1,065,736)
Capital and reserves
Called up share capital			400		400
Revaluation reserve			163,242		163,242
Profit and loss account			(1,191,162)		(1,229,378)
Shareholders' funds			(1,027,520)		(1,065,736)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 6 August 2026, and are signed on its behalf by:

Thomas Muir
Director
Registered Company No. SC047306

THOMAS MUIR (HAULAGE) LIMITED

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	These financial statements have been prepared on a going concern basis despite the net liability position. The directors of Thomas Muir (Metals) Limited and Muir (Metals & Haulage Holdings) Limited have guaranteed their continued support and have confirmed they will not withdraw their loan accounts to the detriment of any other creditor. The bank borrowings of Thomas Muir (Haulage) Limited are secured by an unlimited guarantee from both these companies. Therefore it is appropriate to prepare these financial statements on a going concern basis.

Going concern

These financial statements have been prepared on a going concern basis despite the net liability position. The directors of Thomas Muir (Metals) Limited and Muir (Metals & Haulage Holdings) Limited have guaranteed their continued support and have confirmed they will not withdraw their loan accounts to the detriment of any other creditor. The bank borrowings of Thomas Muir (Haulage) Limited are secured by an unlimited guarantee from both these companies. Therefore it is appropriate to prepare these financial statements on a going concern basis.

	Turnover policy
	Turnover represents amounts receivable during the year, exclusive of value added tax.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.

	Current 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.

Current 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 assest 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.

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 assest 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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Freehold Property - 2% on cost Plant & Machinery - 20% reducing balance, 20% on cost, 16.67% on cost, 10% on cost.

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises all direct expenditure incurred in bringing stock to it's current condition and location.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		3

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 December 24	515,551	11,191	526,742
At 30 November 25	515,551	11,191	526,742
Depreciation and impairment
At 01 December 24	173,974	10,479	184,453
Charge for year	10,311	457	10,768
At 30 November 25	184,285	10,936	195,221
Net book value
At 30 November 25	331,266	255	331,521
At 30 November 24	341,577	712	342,289

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	248,056	289,465
Amounts owed by group undertakings	40,598	40,098
Prepayments and accrued income	7,052	5,603
Total	295,706	335,166

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	98,955	24,434
Bank borrowings and overdrafts	45,112	197,472
Amounts owed to related parties	1,480,971	1,449,967
Taxation and social security	2,633	17,231
Other creditors	865	889
Accrued liabilities and deferred income	2,431	3,231
Total	1,630,967	1,693,224

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	834	10,833
Total	834	10,833