Company Registration No. 10377735 (England and Wales)
Statsbomb Services Limited
Unaudited accounts
for the period from 1 January 2022 to 31 March 2023
Statsbomb Services Limited
Unaudited accounts
Contents
Statsbomb Services Limited
Statement of financial position
as at 31 March 2023
Intangible assets
5,648,648
2,837,880
Tangible assets
63,023
61,540
Investments
202,189
202,189
Debtors
2,403,072
1,218,711
Cash at bank and in hand
1,791,703
1,533,618
Creditors: amounts falling due within one year
(3,756,921)
(2,473,158)
Net current assets
437,854
279,171
Total assets less current liabilities
6,351,714
3,380,780
Creditors: amounts falling due after more than one year
(4,678,032)
-
Provisions for liabilities
Deferred tax
(11,975)
(11,693)
Net assets
1,661,707
3,369,087
Called up share capital
16,253
15,656
Share premium
5,683,901
5,604,223
Profit and loss account
(4,038,447)
(2,250,792)
Shareholders' funds
1,661,707
3,369,087
For the period ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by
Mrs C Randall
Director
Company Registration No. 10377735
Statsbomb Services Limited
Notes to the Accounts
for the period from 1 January 2022 to 31 March 2023
Statsbomb Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10377735. The registered office is University of Bath Innovation Centre, Broad Quay, Bath, BA1 1UD.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from subscriptions is recognised on a straight-line basis over the term of the subscription. Turnover relating to the proportion of a subscription to be utilised after the year-end will be deferred to the following year.
Turnover from the sale of online courses is recognised on the date at which the sale is made. This date corresponds to when both consideration is received and the course becomes available to the customer.
The accounts are presented in £ sterling.
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Statsbomb Services Limited
Notes to the Accounts
for the period from 1 January 2022 to 31 March 2023
Intangible fixed assets (including software development costs) are included at cost less accumulated amortisation. Amortisation is provided over an estimated useful life of 5 years.
Software development and data costs are recognised as an intangible asset when all of the following criteria are demonstrated:
- The technical feasibility of completing the software so that it will be available for use or sale.
- The intention to complete the software and use or sell it.
- The ability to use the software or to sell it.
- How the software will generate probable future economic benefits.
- The availability of adequate technical, financial and other resources to complete the development and to use or sell the software.
- The ability to measure reliably the expenditure attributable to the software during its development
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price).
Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Basic financial instruments are recognised at amortised cost.
Investments are included in the balance sheet at cost less any provision for impairment. The Company assess investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If such an indication of impairment exists, the Company makes an estimate of the recoverable amount of the investment. If the recoverable amount is less than the value of the investment, the investment is written down to the recoverable amount. An impairment loss is recognized immediately in the profit and loss account. If the impairment is not considered to be a permanent diminution in value it may reverse in a future period to the extent that it is no longer considered necessary.
The company has issued options over its unused shares to certain employees.
The costs of equity-settled transactions is measured by reference to the fair value of the equity instruments granted at the date at which they are granted and is recognised as an expense over the vesting period, which ends on the date on which the option holder becomes fully entitled to the award. Fair value is determined using the Black Scholes pricing model.
At each balance sheet date before vesting, the cumulative expense is calculated, representing the extent to which the vesting period has expired and management's best estimate of the achievement or otherwise non-market conditions and of the number of equity instruments that will ultimately vest.
The movement in cumulative expense since the previous balance sheet date is recognised in the profit and loss account, with a corresponding entry in equity.
Statsbomb Services Limited
Notes to the Accounts
for the period from 1 January 2022 to 31 March 2023
Restatement of comparatives
During the year the company revised it's amortization policy of the Intangible Assets from 2 years to 5 years. The prior year comparative figures have been re-stated to reflect this change in policy.
The loss in year ended 31 December 2021 was previously £2,569,066 and is now £2,019,653.
Retained Earnings in year ended 31 December 2021 was previously (£3,057,326) and is now (£2,250,792).
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Intangible fixed assets
Other
At 1 January 2022
3,560,794
At 31 March 2023
7,877,823
Charge for the period
1,506,261
At 31 March 2023
2,229,175
At 31 March 2023
5,648,648
At 31 December 2021
2,837,880
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2022
2,771
89,046
91,817
Disposals
-
(4,897)
(4,897)
At 31 March 2023
2,771
141,947
144,718
At 1 January 2022
1,771
28,506
30,277
Charge for the period
1,000
50,418
51,418
At 31 March 2023
2,771
78,924
81,695
At 31 March 2023
-
63,023
63,023
At 31 December 2021
1,000
60,540
61,540
Statsbomb Services Limited
Notes to the Accounts
for the period from 1 January 2022 to 31 March 2023
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Investments
Other investments
Valuation at 1 January 2022
202,189
Valuation at 31 March 2023
202,189
The investment comprises 99.992% of the ordinary share capital of ArqamFC, purchased in 2020.
Amounts falling due within one year
Trade debtors
727,667
480,865
Accrued income and prepayments
127,064
186,342
Other debtors
1,548,341
546,250
Amounts falling due after more than one year
8
Creditors: amounts falling due within one year
2023
2021
Trade creditors
125,557
173,928
Taxes and social security
211,990
130,377
Other creditors
17,464
7,442
Deferred income
3,098,836
1,895,359
9
Creditors: amounts falling due after more than one year
2023
2021
Other creditors
4,678,032
-
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Average number of employees
During the period the average number of employees was 76 (2021: 51).