Doon Valley (Heat Treatment) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC106571 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

DOON VALLEY (HEAT TREATMENT) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Houston

Y Baillie

M Houston

SECRETARY:

Y Baillie

REGISTERED OFFICE:

111 Cadzow Street

Hamilton

ML36HG

REGISTERED NUMBER:

SC106571 (Scotland)

ACCOUNTANTS:

Portlands

Suite4/2

90 Mitchell Street

Glasgow

G1 3NQ

FIXED ASSETS

Tangible assets

2

114,330

94,770

CURRENT ASSETS

Stocks

7,692

6,441

Debtors

1,520,418

506,002

Cash at bank and in hand

837,958

1,077,079

2,366,068

1,589,522

CREDITORS

Amounts falling due within one year

(725,936

)

(394,071

)

NET CURRENT ASSETS

1,640,132

1,195,451

TOTAL ASSETS LESS CURRENT LIABILITIES

1,754,462

1,290,221

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,754,362

1,290,121

SHAREHOLDERS' FUNDS

1,754,462

1,290,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 June 2014 and were signed on its behalf by:

S Houston - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

4% on cost

Plant and machinery etc

-

25% on cost, 20% on cost and 4% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

194,706

Additions

35,700

At 31 March 2014

230,406

DEPRECIATION

At 1 April 2013

99,936

Charge for year

16,140

At 31 March 2014

116,076

NET BOOK VALUE

At 31 March 2014

114,330

At 31 March 2013

94,770

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary shares of £1.00

£1.00

100

100

4.	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 £94,872.