EXCITE FOUNDRY LTD

Company Registration Number:
12328644 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

EXCITE FOUNDRY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

EXCITE FOUNDRY LTD

Balance sheet

As at 31 December 2023


Notes

2023

13 months to 31 December 2022


£

£
Fixed assets
Intangible assets: 3 2,708,599 2,752,559
Tangible assets: 4 1,976 2,470
Investments: 5 96 96
Total fixed assets: 2,710,671 2,755,125
Current assets
Stocks: 2,277,389 88,585
Debtors:   0 842,744
Cash at bank and in hand: 632,715 532,985
Total current assets: 2,910,104 1,464,314
Creditors: amounts falling due within one year:   (400,800) (229,347)
Net current assets (liabilities): 2,509,304 1,234,967
Total assets less current liabilities: 5,219,975 3,990,092
Creditors: amounts falling due after more than one year:   (21,866) (28,886)
Total net assets (liabilities): 5,198,109 3,961,206
Capital and reserves
Called up share capital: 4,758,588 3,795,389
Profit and loss account: 439,521 165,817
Shareholders funds: 5,198,109 3,961,206

The notes form part of these financial statements

EXCITE FOUNDRY LTD

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.

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 05 February 2025
and signed on behalf of the board by:

Name: Ritesh
Status: Director

The notes form part of these financial statements

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

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

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Equipment 20% reducing balance bassis

Intangible fixed assets and amortisation policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 13 months to 31 December 2022
Average number of employees during the period 4 2

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 2,834,575
At 31 December 2023 2,834,575
Amortisation
At 01 January 2023 82,016
Charge for year 43,960
At 31 December 2023 125,976
Net book value
At 31 December 2023 2,708,599
At 31 December 2022 2,752,559

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 3,538
At 31 December 2023 3,538
Depreciation
At 01 January 2023 1,068
Charge for year 494
At 31 December 2023 1,562
Net book value
At 31 December 2023 1,976
At 31 December 2022 2,470

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed investments

Other investments other than loans £96