FACTBOOK LIMITED

FACTBOOK LIMITED

FACTBOOK LIMITED - Company Information

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FACTBOOK LIMITED

Company Registration Number:
02635511 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

FACTBOOK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

FACTBOOK LIMITED

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 3 147,508 166,228
Tangible assets: 4 5,220 5,273
Total fixed assets: 152,728 171,501
Current assets
Debtors:   15,120 13,128
Cash at bank and in hand: 461,303 335,614
Total current assets: 476,423 348,742
Creditors: amounts falling due within one year:   (398,265) (362,936)
Net current assets (liabilities): 78,158 (14,194)
Total assets less current liabilities: 230,886 157,307
Total net assets (liabilities): 230,886 157,307
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 229,886 156,307
Shareholders funds: 230,886 157,307

The notes form part of these financial statements

FACTBOOK LIMITED

Balance sheet statements

For the year ending 31 December 2019 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 28 September 2020
and signed on behalf of the board by:

Name: A Shasore
Status: Director

The notes form part of these financial statements

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

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

Tangible fixed assets and depreciation policy

Tangible fixed assets are depreciated at 33% of reducing balance to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime.

Intangible fixed assets and amortisation policy

Software development expenditure is capitalised at cost where recognition criteria are met, creating an intangible asset in the balance sheet. Capitalised development expenditure is amortised at 20% per annum.

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 0 0

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Intangible Assets

Total
Cost £
At 01 January 2019 356,967
Additions 14,525
At 31 December 2019 371,492
Amortisation
At 01 January 2019 190,739
Charge for year 33,245
At 31 December 2019 223,984
Net book value
At 31 December 2019 147,508
At 31 December 2018 166,228

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Tangible Assets

Total
Cost £
At 01 January 2019 144,931
Additions 1,705
At 31 December 2019 146,636
Depreciation
At 01 January 2019 139,658
Charge for year 1,758
At 31 December 2019 141,416
Net book value
At 31 December 2019 5,220
At 31 December 2018 5,273

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Financial commitments

The company had total guarantees and commitments at the balance sheet date of £10,958 (2018 - £3,408)