Ask.com Limited Filleted accounts for Companies House (small and micro)

0 false false false false false false false false false true false false false false false false No description of principal activity 2019-01-01 Sage Accounts Production Advanced 2020 - FRS102_2019 1,410 1,342 17 1,359 51 68 xbrli:pure xbrli:shares iso4217:GBP 6022095 2019-01-01 2019-12-31 6022095 2019-12-31 6022095 2018-12-31 6022095 2018-12-31 6022095 core:FurnitureFittings 2019-01-01 2019-12-31 6022095 bus:Director1 2019-01-01 2019-12-31 6022095 core:FurnitureFittings 2018-12-31 6022095 core:FurnitureFittings 2019-12-31 6022095 core:WithinOneYear 2019-12-31 6022095 core:WithinOneYear 2018-12-31 6022095 core:ShareCapital 2019-12-31 6022095 core:ShareCapital 2018-12-31 6022095 core:RetainedEarningsAccumulatedLosses 2019-12-31 6022095 core:RetainedEarningsAccumulatedLosses 2018-12-31 6022095 core:FurnitureFittings 2018-12-31 6022095 bus:SmallEntities 2019-01-01 2019-12-31 6022095 bus:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 6022095 bus:FullAccounts 2019-01-01 2019-12-31 6022095 bus:SmallCompaniesRegimeForAccounts 2019-01-01 2019-12-31 6022095 bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31

COMPANY REGISTRATION NUMBER: 6022095

Ask.com Limited

Filleted Unaudited Financial Statements

31 December 2019

Ask.com Limited

Statement of Financial Position

31 December 2019

	2019		2018
Note	£	£	£	£

Fixed assets

Tangible assets	4		51		68

Current assets

Debtors	5	2,111	–
Cash at bank and in hand		58,342	45,358
		--------	--------
		60,453	45,358

Creditors: amounts falling due within one year	6	6,251		3,845
		--------		--------
Net current assets			54,202		41,513
			--------		--------
Total assets less current liabilities			54,253		41,581
			--------		--------
Net assets			54,253		41,581
			--------		--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	54,252	41,580
	--------	--------
Shareholders funds	54,253	41,581
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ask.com Limited

Statement of Financial Position (continued)

31 December 2019

These financial statements were approved by the board of directors and authorised for issue on 22 September 2020 , and are signed on behalf of the board by:

A. Stephenson
Director

Company registration number: 6022095

Ask.com Limited

Notes to the Financial Statements

Year ended 31st December 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/8 Chapel Street, Salford, Manchester, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

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 the 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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

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, fittings and equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1st January 2019 and 31st December 2019	1,410	1,410
	-------	-------
Depreciation
At 1st January 2019	1,342	1,342
Charge for the year	17	17
	-------	-------
At 31st December 2019	1,359	1,359
	-------	-------
Carrying amount
At 31st December 2019	51	51
	-------	-------
At 31st December 2018	68	68
	-------	-------

5. Debtors

	2019	2018
	£	£
Trade debtors	2,111	–
	-------	----

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Social security and other taxes	3,908	2,981
Other creditors	2,343	864
	-------	-------
	6,251	3,845
	-------	-------

7. Director's advances, credits and guarantees

At 31 December 2019 the company owed its directors £1,653 (2018: £204). No interest has been charged to the company in respect of the loan which is classified under creditors falling due within one year.

8. Related party transactions

The company was under the control of Mr. Stephenson throughout the current and previous year. Mr. Stephenson is the managing director and majority shareholder.