ESPORTSWALES CIC

Company limited by guarantee

Company Registration Number:
12372413 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ESPORTSWALES CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ESPORTSWALES CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 41,989 49,178
Cost of sales: ( 27,295 ) ( 8,786 )
Gross profit(or loss): 14,694 40,392
Administrative expenses: ( 62,112 ) ( 44,227 )
Other operating income: 66,086 14,750
Operating profit(or loss): 18,668 10,915
Interest receivable and similar income: 26
Profit(or loss) before tax: 18,694 10,915
Tax: ( 3,308 ) ( 2,103 )
Profit(or loss) for the financial year: 15,386 8,812

ESPORTSWALES CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,181 0
Total fixed assets: 1,181 0
Current assets
Debtors: 4 25,965 20,000
Cash at bank and in hand: 20,996 138
Total current assets: 46,961 20,138
Creditors: amounts falling due within one year: 5 ( 16,314 ) ( 3,696 )
Net current assets (liabilities): 30,647 16,442
Total assets less current liabilities: 31,828 16,442
Total net assets (liabilities): 31,828 16,442
Members' funds
Profit and loss account: 31,828 16,442
Total members' funds: 31,828 16,442

The notes form part of these financial statements

ESPORTSWALES CIC

Balance sheet statements

For the year ending 31 December 2023 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 September 2024
and signed on behalf of the board by:

Name: John Jackson
Status: Director

The notes form part of these financial statements

ESPORTSWALES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

ESPORTSWALES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 3

ESPORTSWALES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 0
Additions 1,476 1,476
Disposals
Revaluations
Transfers
At 31 December 2023 1,476 1,476
Depreciation
At 1 January 2023 0 0
Charge for year 295 295
On disposals
Other adjustments
At 31 December 2023 295 295
Net book value
At 31 December 2023 1,181 1,181
At 31 December 2022 0 0

ESPORTSWALES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 25,800 20,000
Other debtors 165 0
Total 25,965 20,000

ESPORTSWALES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 725 780
Taxation and social security 3,308 2,445
Other creditors 12,281 471
Total 16,314 3,696

COMMUNITY INTEREST ANNUAL REPORT

ESPORTSWALES CIC

Company Number: 12372413 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company operates Esports Wales, an esports organization dedicated to fostering the growth of the esports community in Wales, spanning from grassroots development to professional engagement. The organization was established in December 2019 and, over the financial year 2021-2022, has made notable contributions to the Welsh community in the following ways: Facilitating community gatherings through organized events, fostering connections among individuals. Hosting online tournaments that enable participants to enhance their skills and gain valuable experience within the esports industry. Managing the national esports team and cultivating noteworthy esports figures hailing from Wales.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Directors renumeration for the 12 month period came to £24,500.00

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 September 2024

And signed on behalf of the board by:
Name: John Jackson
Status: Director