Australis Distribution Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04726654 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

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

1,717

3,039

CURRENT ASSETS

Stocks

121,324

119,731

Debtors

102,299

83,907

Cash in hand

1,444

1,444

225,067

205,082

CREDITORS

Amounts falling due within one year

172,951

146,708

NET CURRENT ASSETS

52,116

58,374

TOTAL ASSETS LESS CURRENT LIABILITIES

53,833

61,413

CREDITORS

Amounts falling due after more than one year

3

29,242

34,365

NET ASSETS

24,591

27,048

CAPITAL AND RESERVES

Called up share capital

4

120

120

Profit and loss account

24,471

26,928

SHAREHOLDERS' FUNDS

24,591

27,048

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 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 8 December 2014 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 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.

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 2013

and 31 March 2014

12,389

DEPRECIATION

At 1 April 2013

9,350

Charge for year

1,322

At 31 March 2014

10,672

NET BOOK VALUE

At 31 March 2014

1,717

At 31 March 2013

3,039

3.

CREDITORS

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

31.3.14

31.3.13

£

£

Repayable by instalments

6,142

11,835

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

120

Ordinary

£1

120

120