Company Registration No. 10377735 (England and Wales)
Statsbomb Services Limited
Unaudited accounts
for the year ended 31 December 2020
Statsbomb Services Limited
Unaudited accounts
Contents
Statsbomb Services Limited
Statement of financial position
as at 31 December 2020
Intangible assets
525,811
372,819
Tangible assets
32,139
7,005
Cash at bank and in hand
374,429
836,805
Creditors: amounts falling due within one year
(1,237,762)
(388,763)
Net current (liabilities)/assets
(317,552)
645,570
Net assets
442,587
1,025,394
Called up share capital
13,189
12,711
Share premium
1,510,344
1,510,344
Profit and loss account
(1,080,946)
(497,661)
Shareholders' funds
442,587
1,025,394
For the year ending 31 December 2020 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 30 September 2021 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 2020
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.
2
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 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 year ended 31 December 2020
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.
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.
Statsbomb Services Limited
Notes to the Accounts
for the year ended 31 December 2020
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Intangible fixed assets
Other
At 31 December 2020
1,167,322
Charge for the year
397,243
At 31 December 2020
641,511
At 31 December 2020
525,811
At 31 December 2019
372,819
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2020
-
9,471
9,471
Additions
2,771
30,581
33,352
At 31 December 2020
2,771
40,052
42,823
At 1 January 2020
-
2,466
2,466
Charge for the year
847
7,371
8,218
At 31 December 2020
847
9,837
10,684
At 31 December 2020
1,924
30,215
32,139
At 31 December 2019
-
7,005
7,005
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Investments
Other investments
Valuation at 1 January 2020
-
Valuation at 31 December 2020
202,189
During the year, Statsbomb Services Ltd acquired 99.992% of the ordinary share capital of ArqamFC. The consideration was comprised of £4,000 cash, £196,000 deferred cash and 2,189 ordinary shares in Statsbomb Services Ltd.
Statsbomb Services Limited
Notes to the Accounts
for the year ended 31 December 2020
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Debtors: amounts falling due within one year
2020
2019
Trade debtors
345,827
125,019
Accrued income and prepayments
66,805
5,958
Other debtors
133,149
66,551
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Creditors: amounts falling due within one year
2020
2019
Trade creditors
32,802
17,572
Taxes and social security
49,240
15,095
Other creditors
198,675
975
Loans from directors
23,699
31,145
Deferred income
819,614
308,827
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Average number of employees
During the year the average number of employees was 19 (2019: 10).
