AL Global 4 Phones Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC227000 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015

FOR

AL GLOBAL 4 PHONES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A D Law

SECRETARY:

Mrs K Law

REGISTERED OFFICE:

Global House

88A Regent Quay

Aberdeen

Aberdeenshire

AB11 5AS

REGISTERED NUMBER:

SC227000 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

58 Queens Road

Aberdeen

Grampian

AB15 4YE

FIXED ASSETS

Tangible assets

2

63,856

48,070

CURRENT ASSETS

Stocks

22,991

16,500

Debtors

64,435

111,887

Cash in hand

209

209

87,635

128,596

CREDITORS

Amounts falling due within one year

3

96,470

96,761

NET CURRENT (LIABILITIES)/ASSETS

(8,835

)

31,835

TOTAL ASSETS LESS CURRENT LIABILITIES

55,021

79,905

CREDITORS

Amounts falling due after more than one year

(20,965

)

(5,519

)

PROVISIONS FOR LIABILITIES

(7,758

)

(8,457

)

NET ASSETS

26,298

65,929

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

26,198

65,829

SHAREHOLDERS' FUNDS

26,298

65,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 11 May 2015 and were signed by:

A D Law - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

99,211

Additions

61,435

Disposals

(64,858

)

At 31 January 2015

95,788

DEPRECIATION

At 1 February 2014

51,141

Charge for year

11,950

Eliminated on disposal

(31,159

)

At 31 January 2015

31,932

NET BOOK VALUE

At 31 January 2015

63,856

At 31 January 2014

48,070

3.

CREDITORS

Creditors include an amount of £ 22,489 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

100

Ordinary

£1

100

100