Doon Valley (Heat Treatment) Limited - Accounts to registrar (filleted) - small 18.2

Doon Valley (Heat Treatment) Limited - Accounts to registrar (filleted) - small 18.2

DOON VALLEY (HEAT TREATMENT) LIMITED - Company Information

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REGISTERED NUMBER: SC106571 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

DOON VALLEY (HEAT TREATMENT) LIMITED
DOON VALLEY (HEAT TREATMENT) LIMITED (REGISTERED NUMBER: SC106571)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DOON VALLEY (HEAT TREATMENT) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2019







DIRECTORS: S Houston
Y Baillie
M Houston





SECRETARY: Y Baillie





REGISTERED OFFICE: The Alhambra Suite
4th Floor
82 Mitchell Street
Glasgow
G1 3NA





REGISTERED NUMBER: SC106571 (Scotland)





ACCOUNTANTS: Portlands
The Alhambra Suite
82 Mitchell Street
Glasgow
G1 3NA
Page 1
DOON VALLEY (HEAT TREATMENT) LIMITED (REGISTERED NUMBER: SC106571)

BALANCE SHEET
31 March 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 4 743,071 802,021

CURRENT ASSETS
Stocks 164,220 52,054
Debtors 5 575,572 801,434
Cash at bank 917,088 810,032
1,656,880 1,663,520
CREDITORS
Amounts falling due within one year 6 (348,546 ) (366,672 )
NET CURRENT ASSETS 1,308,334 1,296,848
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,051,405
2,098,869

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,051,305 2,098,769
SHAREHOLDERS' FUNDS 2,051,405 2,098,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 May 2019 and were signed on its behalf by:





S Houston - Director


The notes form part of these financial statements

Page 2
DOON VALLEY (HEAT TREATMENT) LIMITED (REGISTERED NUMBER: SC106571)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Doon Valley (Heat Treatment) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2018 - 49 ) .

Page 3 continued...
DOON VALLEY (HEAT TREATMENT) LIMITED (REGISTERED NUMBER: SC106571)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2019

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2018 758,850 361,482 1,120,332
Additions 22,000 5,663 27,663
At 31 March 2019 780,850 367,145 1,147,995
DEPRECIATION
At 1 April 2018 201,162 117,149 318,311
Charge for year 57,968 28,645 86,613
At 31 March 2019 259,130 145,794 404,924
NET BOOK VALUE
At 31 March 2019 521,720 221,351 743,071
At 31 March 2018 557,688 244,333 802,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 460,770 688,025
Other debtors 114,802 113,409
575,572 801,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts - 8,653
Trade creditors 39,642 25,594
Taxation and social security 287,854 311,375
Other creditors 21,050 21,050
348,546 366,672

7. RELATED PARTY DISCLOSURES

The company considers Y Baillie and M. Houston to be its ultimate controlling parties by virtue of the
shareholding in the company.
During the year, Doon Valley Property Ltd, a company that is a related party through common control, had a
balance outstanding of £64,626 (2018 - £62,872).

Page 4