Registered Number 06422413

AL GALI LIMITED

Abbreviated Accounts

30 November 2015

AL GALI LIMITED Registered Number 06422413

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 9,140 12,299
9,140 12,299
Current assets
Stocks 282,358 251,536
Debtors 71,017 36,149
Cash at bank and in hand 15,579 6,819
368,954 294,504
Creditors: amounts falling due within one year (232,549 ) (198,608 )
Net current assets (liabilities) 136,405 95,896
Total assets less current liabilities 145,545 108,195
Creditors: amounts falling due after more than one year (8,283 ) -
Total net assets (liabilities) 137,262 108,195
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 137,162 108,095
Shareholders' funds 137,262 108,195

  • For the year ending 30 November 2015 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 30 August 2016

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 2015

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.

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 2014 33,294
Additions 2,051
Disposals -
Revaluations -
Transfers -
At 30 November 2015 35,345
Depreciation
At 1 December 2014 20,995
Charge for the year 5,210
On disposals -
At 30 November 2015 26,205
Net book values
At 30 November 2015 9,140
At 30 November 2014 12,299
3 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100