Gemdax Corporation Limited - Limited company - abbreviated

REGISTERED NUMBER: 03971802 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

GEMDAX CORPORATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

S W Y Chan

A Aggarwal

SECRETARY:

S W Y Chan

REGISTERED OFFICE:

Apartments 1108

9 Belvedere Road

London

SE1 8YW

REGISTERED NUMBER:

03971802 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

Turnbull House

226 Mulgrave Road

Cheam

Sutton

Surrey

SM2 6JT

FIXED ASSETS

Tangible assets

2

2,354

3,643

CURRENT ASSETS

Debtors

56,352

94,814

Cash at bank and in hand

251,277

36,406

307,629

131,220

CREDITORS

Amounts falling due within one year

43,769

66,721

NET CURRENT ASSETS

263,860

64,499

TOTAL ASSETS LESS CURRENT
LIABILITIES

266,214

68,142

CAPITAL AND RESERVES

Called up share capital

3

178

Share premium

402,614

Foreign exchange reserve

(32,570

)

(24,657

)

Profit and loss account

(104,008

)

(309,993

)

SHAREHOLDERS' FUNDS

266,214

68,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26 October 2015 and were signed on its behalf
by:

S W Y Chan - 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 invoiced sales of consultancy services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful

life.

Plant and machinery

20% on cost

Computer equipment

50% on cost (Belgium Branch)

25% on cost (UK Branch)

Deferred tax

Deferred tax liabilities are recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date.

Deferred tax assets are recognised to the extent that they are recoverable against future trading profit, on the

basis of all available evidence.

Foreign currencies

Monetary assets and liabilities denominated in a foreign currency are translated into sterling at the foreign

exchange rates ruling at the balance sheet date. Fixed assets are translated into sterling at the rates ruling on

the date of acquisition as adjusted for any profits or losses from related financial instruments. Revenue and

expenses in foreign currencies are recorded in sterling at the average rate for the financial year, in accordance

with SSAP 20.

The Belgium branch accounts have been translated from Euro into Sterling. The foreign exchange difference

arising from the translation of reserves has been written off to the statement of total recognised gains and

losses.

Leasing commitments

The company's office accommodation is under an operating lease agreement which can be terminated by both

sides giving three months notice. Rentals are charged to the profit and loss accounts in the year in which they

incur.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

17,109

DEPRECIATION

At 1 May 2014

13,466

Charge for year

1,289

At 30 April 2015

14,755

NET BOOK VALUE

At 30 April 2015

2,354

At 30 April 2014

3,643

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

17,836

Ordinary

1p

178

All shares rank pari passu in all aspects.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Gemdax Corporation Limited for the year ended 30 April 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Gemdax Corporation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gemdax Corporation Limited and state those matters that we have agreed to state to the Board of Directors of Gemdax Corporation Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gemdax Corporation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gemdax Corporation Limited. You consider that Gemdax Corporation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gemdax Corporation

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.