FACTBOOK LIMITED

Company Registration Number:
02635511 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

FACTBOOK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

FACTBOOK LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 120,863 113,578
Tangible assets: 4 6,845 9,349
Total fixed assets: 127,708 122,927
Current assets
Debtors:   12,833 4,453
Cash at bank and in hand: 621,062 704,676
Total current assets: 633,895 709,129
Creditors: amounts falling due within one year:   (378,052) (415,381)
Net current assets (liabilities): 255,843 293,748
Total assets less current liabilities: 383,551 416,675
Creditors: amounts falling due after more than one year:   (59,920) (92,454)
Total net assets (liabilities): 323,631 324,221
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 322,631 323,221
Shareholders funds: 323,631 324,221

The notes form part of these financial statements

FACTBOOK LIMITED

Balance sheet statements

For the year ending 31 December 2022 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 25 September 2023
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 2022

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 2022

2. Employees

2022 2021
Average number of employees during the period 0 0

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 390,662
Additions 30,000
At 31 December 2022 420,662
Amortisation
At 01 January 2022 277,084
Charge for year 22,715
At 31 December 2022 299,799
Net book value
At 31 December 2022 120,863
At 31 December 2021 113,578

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 157,180
Additions 918
At 31 December 2022 158,098
Depreciation
At 01 January 2022 147,831
Charge for year 3,422
At 31 December 2022 151,253
Net book value
At 31 December 2022 6,845
At 31 December 2021 9,349

FACTBOOK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Financial commitments

The company had total commitments at the balance sheet date of £17,453 (2021 - £30,917).