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 2020

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 2020




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 2020







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 2020

2020 2019
Notes £    £   
FIXED ASSETS
Tangible assets 4 666,314 743,071

CURRENT ASSETS
Stocks 206,533 164,220
Debtors 5 1,328,095 575,572
Cash at bank 1,118,860 917,088
2,653,488 1,656,880
CREDITORS
Amounts falling due within one year 6 (660,759 ) (348,546 )
NET CURRENT ASSETS 1,992,729 1,308,334
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,659,043
2,051,405

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,658,943 2,051,305
SHAREHOLDERS' FUNDS 2,659,043 2,051,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 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 13 May 2020 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 2020

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 72 (2019 - 47 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2020

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2019 780,850 367,145 1,147,995
Additions - 675 675
At 31 March 2020 780,850 367,820 1,148,670
DEPRECIATION
At 1 April 2019 259,130 145,794 404,924
Charge for year 52,172 25,260 77,432
At 31 March 2020 311,302 171,054 482,356
NET BOOK VALUE
At 31 March 2020 469,548 196,766 666,314
At 31 March 2019 521,720 221,351 743,071

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 1,257,992 460,770
Other debtors 70,103 114,802
1,328,095 575,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 11,231 39,642
Taxation and social security 620,125 287,854
Other creditors 29,403 21,050
660,759 348,546

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 £70,734 (2019 - £64,626).

Page 4