Registered Number 06422413
AL GALI LIMITED
Abbreviated Accounts
30 November 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
exclusive of Value Added Tax.
Tangible assets depreciation policy
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 are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
Other accounting policies
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.
£ | |
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Cost | |
At 1 December 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 November 2014 |
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Depreciation | |
At 1 December 2013 |
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Charge for the year |
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On disposals |
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At 30 November 2014 |
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Net book values | |
At 30 November 2014 | 12,299 |
At 30 November 2013 | 17,959 |