Australis Distribution Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04726654 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

AUSTRALIS DISTRIBUTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S P Golding

SECRETARY:

Mrs L P Smith

REGISTERED OFFICE:

Unit 1a Bethersden Business Centre

Bethersden

Ashford

Kent

TN26 3JL

REGISTERED NUMBER:

04726654 (England and Wales)

ACCOUNTANTS:

MMP Accounting Solutions Ltd

Chartered Certified Accountants

3 Queen Street

Ashford

Kent

TN23 1RF

FIXED ASSETS

Tangible assets

4

4,153

2,488

CURRENT ASSETS

Stocks

146,173

136,542

Debtors

5

148,856

109,625

Cash at bank and in hand

15,394

15,804

310,423

261,971

CREDITORS

Amounts falling due within one year

6

235,773

202,525

NET CURRENT ASSETS

74,650

59,446

TOTAL ASSETS LESS CURRENT LIABILITIES

78,803

61,934

CREDITORS

Amounts falling due after more than one year

7

2,582

8,643

NET ASSETS

76,221

53,291

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

76,120

53,190

SHAREHOLDERS' FUNDS

76,221

53,291

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 director acknowledges his 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 director on 25 November 2019 and were signed by:

Mr S P Golding - Director

1.	STATUTORY INFORMATION

Australis Distribution Ltd is a private company, limited by shares , registered in England and

Wales. 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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.

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 assets 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2018

2,007

2,226

11,993

16,226

Additions

-

-

4,120

4,120

At 31 March 2019

2,007

2,226

16,113

20,346

DEPRECIATION

At 1 April 2018

1,358

1,637

10,743

13,738

Charge for year

162

89

2,204

2,455

At 31 March 2019

1,520

1,726

12,947

16,193

NET BOOK VALUE

At 31 March 2019

487

500

3,166

4,153

At 31 March 2018

649

589

1,250

2,488

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

148,856

82,431

Other debtors

-

27,194

148,856

109,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

31,914

42,826

Trade creditors

144,150

120,295

Taxation and social security

34,243

20,013

Other creditors

25,466

19,391

235,773

202,525

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

2,582

8,643