Registered Number 06422413

AL GALI LIMITED

Abbreviated Accounts

30 November 2014

AL GALI LIMITED Registered Number 06422413

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 12,299 17,959
12,299 17,959
Current assets
Stocks 251,536 205,000
Debtors 36,149 37,769
Cash at bank and in hand 6,819 -
294,504 242,769
Creditors: amounts falling due within one year (198,608 ) (187,459 )
Net current assets (liabilities) 95,896 55,310
Total assets less current liabilities 108,195 73,269
Total net assets (liabilities) 108,195 73,269
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 108,095 73,169
Shareholders' funds 108,195 73,269

  • For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 August 2015

And signed on their behalf by:
Mr Aiman Shakir, Director

AL GALI LIMITED Registered Number 06422413

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Plant & Machinery - 20% straight line
Motor Vehicles - 25% straight line

Valuation information and policy
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Other accounting policies
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of
ownership remain with the lessor are charged against profits on a straight line basis over the
period of the lease.

2 Tangible fixed assets
£
Cost
At 1 December 2013 32,295
Additions 999
Disposals -
Revaluations -
Transfers -
At 30 November 2014 33,294
Depreciation
At 1 December 2013 14,336
Charge for the year 6,659
On disposals -
At 30 November 2014 20,995
Net book values
At 30 November 2014 12,299
At 30 November 2013 17,959
3 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100