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 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

FACTBOOK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

FACTBOOK LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Intangible assets: 3 113,578 118,008
Tangible assets: 4 9,349 14,024
Total fixed assets: 122,927 132,032
Current assets
Debtors:   4,453 6,297
Cash at bank and in hand: 704,676 717,559
Total current assets: 709,129 723,856
Creditors: amounts falling due within one year:   (415,381) (420,872)
Net current assets (liabilities): 293,748 302,984
Total assets less current liabilities: 416,675 435,016
Creditors: amounts falling due after more than one year:   (92,454) (135,938)
Total net assets (liabilities): 324,221 299,078
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 323,221 298,078
Shareholders funds: 324,221 299,078

The notes form part of these financial statements

FACTBOOK LIMITED

Balance sheet statements

For the year ending 31 December 2021 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 26 September 2022
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 2021

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 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 371,492
Additions 19,170
At 31 December 2021 390,662
Amortisation
At 01 January 2021 253,484
Charge for year 23,600
At 31 December 2021 277,084
Net book value
At 31 December 2021 113,578
At 31 December 2020 118,008

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 157,180
At 31 December 2021 157,180
Depreciation
At 01 January 2021 143,156
Charge for year 4,675
At 31 December 2021 147,831
Net book value
At 31 December 2021 9,349
At 31 December 2020 14,024

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Financial commitments

The company had total commitments at the balance sheet date of £30,917 (2020 - £25,906).