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 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

FACTBOOK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

FACTBOOK LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 2 177,785 182,054
Tangible assets: 3 7,908 6,513
Total fixed assets: 185,693 188,567
Current assets
Debtors:   18,320 75,350
Cash at bank and in hand: 97,740 26,700
Total current assets: 116,060 102,050
Creditors: amounts falling due within one year:   (194,262) (192,863)
Net current assets (liabilities): (78,202) (90,813)
Total assets less current liabilities: 107,491 97,754
Total net assets (liabilities): 107,491 97,754
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 106,491 96,754
Shareholders funds: 107,491 97,754

The notes form part of these financial statements

FACTBOOK LIMITED

Balance sheet statements

For the year ending 31 December 2017 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 2018
and signed on behalf of the board by:

Name: Mr 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 2017

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 stated at cost less accumulated depreciation, depreciation has been provided at 33 1/3 % rate, calculated to write off the costs of the assets over their estimated useful lives.

Intangible fixed assets and amortisation policy

Software development expenditure is capitalised at cost where recognition criteria are met. As a result, there is an intangible asset relating to capitalised software product development cost (both internally developed and acquired) where the benefits from the expenditure are expected to be recovered through incremental revenue from future sales.Capitalised development expenditure is amortised at 20% per annum.

Other accounting policies

Foreign CurrenciesTransactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of transaction. Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.Pension CostsThe company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme.

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Intangible Assets

Total
Cost £
At 01 January 2017 300,825
Additions 32,142
At 31 December 2017 332,967
Amortisation
At 01 January 2017 118,771
Charge for year 36,411
At 31 December 2017 155,182
Net book value
At 31 December 2017 177,785
At 31 December 2016 182,054

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 141,365
Additions 3,566
At 31 December 2017 144,931
Depreciation
At 01 January 2017 134,852
Charge for year 2,171
At 31 December 2017 137,023
Net book value
At 31 December 2017 7,908
At 31 December 2016 6,513

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Financial commitments

The company had total guarantees and commitments at the balance sheet date of £17,410 (2016 - £32,156).