Abbreviated Company Accounts - GOODWILL CAPITAL LIMITED

GOODWILL CAPITAL LIMITED - Company Information

Registered Number 09127410

GOODWILL CAPITAL LIMITED

Abbreviated Accounts

31 December 2015

GOODWILL CAPITAL LIMITED Registered Number 09127410

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015
		€
Fixed assets
Intangible assets	2	1,090,800
Tangible assets	3	19,252
		1,110,052
Current assets
Cash at bank and in hand		891
		891
Creditors: amounts falling due within one year		(873,635)
Net current assets (liabilities)		(872,744)
Total assets less current liabilities		237,308
Creditors: amounts falling due after more than one year		(397,100)
Total net assets (liabilities)		(159,792)
Capital and reserves
Called up share capital		1
Profit and loss account		(159,793)
Shareholders' funds		(159,792)

For the year ending 31 December 2015 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 11 April 2016

And signed on their behalf by:
Mrs Andreea Ecaterina Mocanu, Director

GOODWILL CAPITAL LIMITED Registered Number 09127410

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Going concern
The financial statements have been prepared on a going concern basis.

Foreign currency
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account

2Intangible fixed assets

	€
Cost
Additions	1,212,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,212,000
Amortisation
Charge for the year	121,200
On disposals	-
At 31 December 2015	121,200
Net book values
At 31 December 2015	1,090,800

Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value,over their expected useful economic life as follows:
Asset class Amortisation method and rate
Licence Straight line over 10 years

3Tangible fixed assets

	€
Cost
Additions	19,965
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	19,965
Depreciation
Charge for the year	713
On disposals	-
At 31 December 2015	713
Net book values
At 31 December 2015	19,252

Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Office furniture 25% reducing balance