Abbreviated Company Accounts - AL GALI LIMITED

06422413 AL GALI LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true 06422413 2015-12-01 2016-11-30 06422413 2016-11-30 06422413 2015-11-30 06422413 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 06422413 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

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

1Accounting 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.

2Tangible 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

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100