Company Registration No. 10377735 (England and Wales)
Statsbomb Services Limited
Unaudited accounts
for the year ended 31 December 2019
Statsbomb Services Limited
Unaudited accounts
Contents
Statsbomb Services Limited
Statement of financial position
as at 31 December 2019
Intangible assets
372,819
132,617
Tangible assets
7,005
2,911
Cash at bank and in hand
836,805
7,769
Creditors: amounts falling due within one year
(388,763)
(203,819)
Net current assets/(liabilities)
645,570
(108,829)
Net assets
1,025,394
26,699
Called up share capital
12,711
8,500
Share premium
1,510,344
111,512
Profit and loss account
(497,661)
(93,313)
Shareholders' funds
1,025,394
26,699
For the year ending 31 December 2019 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 20 November 2020 and were signed on its behalf by
Mrs C Randall
Director
Company Registration No. 10377735
Statsbomb Services Limited
Notes to the Accounts
for the year ended 31 December 2019
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 year, 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 rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 year ended 31 December 2019
Intangible fixed assets (including software development costs) are included at cost less accumulated amortisation. Amortisation is provided over an estimated useful life of 2 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.
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Intangible fixed assets
Other
At 31 December 2019
617,087
Charge for the year
165,366
At 31 December 2019
244,268
At 31 December 2019
372,819
At 31 December 2018
132,617
Statsbomb Services Limited
Notes to the Accounts
for the year ended 31 December 2019
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Tangible fixed assets
Computer equipment
Trade debtors
125,019
41,377
Accrued income and prepayments
5,958
-
Other debtors
66,551
45,844
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Creditors: amounts falling due within one year
2019
2018
Taxes and social security
15,095
22,987
Other creditors
975
73,358
Loans from directors
31,145
63,648
Deferred income
308,827
43,826
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Post balance sheet events
StatsBomb have acquired 100% of ArqamFC, with the shareholder agreement being signed by all parties in March 2019. ArqamFC, based in Cairo Eygpt, are StatsBomb's exclusive data company and have been working closely together since 2017 so the acquisition was a critical part of both company's strategic roadmap. The final transaction of share purchases completed in September 2020.
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Average number of employees
During the year the average number of employees was 10 (2018: 6).
