Registered Number 06422413

AL GALI LIMITED

Abbreviated Accounts

30 November 2016

AL GALI LIMITED Registered Number 06422413

Abbreviated Balance Sheet as at 30 November 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 10,330 9,140
10,330 9,140
Current assets
Stocks 326,245 282,358
Debtors 86,883 71,017
Cash at bank and in hand 28,678 15,579
441,806 368,954
Creditors: amounts falling due within one year (267,193 ) (232,549 )
Net current assets (liabilities) 174,613 136,405
Total assets less current liabilities 184,943 145,545
Creditors: amounts falling due after more than one year (5,097 ) (8,283 )
Total net assets (liabilities) 179,846 137,262
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 179,746 137,162
Shareholders' funds 179,846 137,262

  • For the year ending 30 November 2016 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 2017

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 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
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 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 2015 35,345
Additions 8,000
Disposals -
Revaluations -
Transfers -
At 30 November 2016 43,345
Depreciation
At 1 December 2015 26,205
Charge for the year 6,810
On disposals -
At 30 November 2016 33,015
Net book values
At 30 November 2016 10,330
At 30 November 2015 9,140
3 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100