Australis Distribution Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04726654 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

AUSTRALIS DISTRIBUTION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S P Golding

SECRETARY:

Mrs L P Smith

REGISTERED OFFICE:

13 Bryony Drive

Kingsnorth

Ashford

Kent

TN23 3RE

REGISTERED NUMBER:

04726654 (England and Wales)

ACCOUNTANTS:

Michael Martin Partnership Limited

Chartered Certified Accountants

3 Queen Street

Ashford

Kent

TN23 1RF

FIXED ASSETS

Tangible assets

2

632

756

CURRENT ASSETS

Stocks

139,627

126,342

Debtors

119,722

148,466

Cash at bank and in hand

1,423

1,796

260,772

276,604

CREDITORS

Amounts falling due within one year

182,798

204,431

NET CURRENT ASSETS

77,974

72,173

TOTAL ASSETS LESS CURRENT
LIABILITIES

78,606

72,929

CREDITORS

Amounts falling due after more than one
year

3

19,870

24,838

NET ASSETS

58,736

48,091

CAPITAL AND RESERVES

Called up share capital

4

101

Profit and loss account

58,635

47,990

SHAREHOLDERS' FUNDS

58,736

48,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 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 director on 16 December 2016 and were signed by:

Mr S P Golding - 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 January 2015).

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.

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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

12,389

DEPRECIATION

At 1 April 2015

11,633

Charge for year

124

At 31 March 2016

11,757

NET BOOK VALUE

At 31 March 2016

632

At 31 March 2015

756

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.16

31.3.15

£

Repayable by instalments

-

1,618

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

101

Ordinary

£1

101