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 2018

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:

Michael Martin Partnership 2018 Limited

Chartered Certified Accountants

3 Queen Street

Ashford

Kent

TN23 1RF

FIXED ASSETS

Tangible assets

4

2,488

2,393

CURRENT ASSETS

Stocks

136,542

128,796

Debtors

5

109,625

147,431

Cash at bank and in hand

15,804

2,887

261,971

279,114

CREDITORS

Amounts falling due within one year

6

202,525

232,629

NET CURRENT ASSETS

59,446

46,485

TOTAL ASSETS LESS CURRENT LIABILITIES

61,934

48,878

CREDITORS

Amounts falling due after more than one year

7

8,643

14,443

NET ASSETS

53,291

34,435

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

53,190

34,334

SHAREHOLDERS' FUNDS

53,291

34,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 19 December 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 9 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

2,007

2,226

10,744

14,977

Additions

-

-

1,249

1,249

At 31 March 2018

2,007

2,226

11,993

16,226

DEPRECIATION

At 1 April 2017

1,141

1,532

9,911

12,584

Charge for year

217

105

832

1,154

At 31 March 2018

1,358

1,637

10,743

13,738

NET BOOK VALUE

At 31 March 2018

649

589

1,250

2,488

At 31 March 2017

866

694

833

2,393

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

82,431

69,423

Other debtors

27,194

78,008

109,625

147,431

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

42,826

21,677

Trade creditors

120,295

176,795

Taxation and social security

20,013

17,910

Other creditors

19,391

16,247

202,525

232,629

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans

8,643

14,443