ACAL CORPORATION LIMITED

ACAL CORPORATION LIMITED

SGIP CORPORATION LTD - Company Information

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ACAL CORPORATION LIMITED

Company Registration Number:
04580046 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

ACAL CORPORATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

ACAL CORPORATION LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 2 0 59,250
Investments:   0 0
Total fixed assets: 0 59,250
Current assets
Stocks: 0 0
Debtors:   1,115 3,077
Cash at bank and in hand: 1,139 2,562
Investments:   0 0
Total current assets: 2,254 5,639
Creditors: amounts falling due within one year: 3 (709) (64,074)
Net current assets (liabilities): 1,545 (58,435)
Total assets less current liabilities: 1,545 815
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 1,545 815
Capital and reserves
Called up share capital: 10,000 10,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (8,455) (9,185)
Shareholders funds: 1,545 815

The notes form part of these financial statements

ACAL CORPORATION LIMITED

Balance sheet statements

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 September 2018
and signed on behalf of the board by:

Name: Mr Ahmed Al Zaiter
Status: Director

The notes form part of these financial statements

ACAL CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fixtures and fittings - 15% - reducing balanceIf there is an indication that there has been a significant change in the depreciation rate, useful life of residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ACAL CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Tangible Assets

Total
Cost £
At 01 January 2017 96,106
Additions 0
Disposals (96,106)
Revaluations 0
Transfers 0
At 31 December 2017 0
Depreciation
At 01 January 2017 36,856
Charge for year 14,813
On disposals (51,669)
At 31 December 2017 0
Net book value
At 31 December 2017 0
At 31 December 2016 59,250

ACAL CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Creditors: amounts falling due within one year note

Social security and other taxes £709