2023-08-012024-07-312024-07-31false13541170THE EXCITABLE SOUL LIMITED2025-01-23falseiso4217:GBPxbrli:pure135411702023-08-01135411702024-07-31135411702023-08-012024-07-31135411702022-08-01135411702023-07-31135411702022-08-012023-07-3113541170bus:SmallEntities2023-08-012024-07-3113541170bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3113541170bus:FullAccounts2023-08-012024-07-3113541170bus:PrivateLimitedCompanyLtd2023-08-012024-07-3113541170core:WithinOneYear2024-07-3113541170core:AfterOneYear2024-07-3113541170core:WithinOneYear2023-07-3113541170core:AfterOneYear2023-07-3113541170core:ShareCapital2024-07-3113541170core:SharePremium2024-07-3113541170core:RevaluationReserve2024-07-3113541170core:OtherReservesSubtotal2024-07-3113541170core:RetainedEarningsAccumulatedLosses2024-07-3113541170core:ShareCapital2023-07-3113541170core:SharePremium2023-07-3113541170core:RevaluationReserve2023-07-3113541170core:OtherReservesSubtotal2023-07-3113541170core:RetainedEarningsAccumulatedLosses2023-07-3113541170core:LandBuildings2024-07-3113541170core:PlantMachinery2024-07-3113541170core:Vehicles2024-07-3113541170core:FurnitureFittings2024-07-3113541170core:OfficeEquipment2024-07-3113541170core:NetGoodwill2024-07-3113541170core:IntangibleAssetsOtherThanGoodwill2024-07-3113541170core:ListedExchangeTraded2024-07-3113541170core:UnlistedNon-exchangeTraded2024-07-3113541170core:LandBuildings2023-07-3113541170core:PlantMachinery2023-07-3113541170core:Vehicles2023-07-3113541170core:FurnitureFittings2023-07-3113541170core:OfficeEquipment2023-07-3113541170core:NetGoodwill2023-07-3113541170core:IntangibleAssetsOtherThanGoodwill2023-07-3113541170core:ListedExchangeTraded2023-07-3113541170core:UnlistedNon-exchangeTraded2023-07-3113541170core:LandBuildings2023-08-012024-07-3113541170core:PlantMachinery2023-08-012024-07-3113541170core:Vehicles2023-08-012024-07-3113541170core:FurnitureFittings2023-08-012024-07-3113541170core:OfficeEquipment2023-08-012024-07-3113541170core:NetGoodwill2023-08-012024-07-3113541170core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3113541170core:ListedExchangeTraded2023-08-012024-07-3113541170core:UnlistedNon-exchangeTraded2023-08-012024-07-3113541170core:MoreThanFiveYears2023-08-012024-07-3113541170core:Non-currentFinancialInstruments2024-07-3113541170core:Non-currentFinancialInstruments2023-07-3113541170dpl:CostSales2023-08-012024-07-3113541170dpl:DistributionCosts2023-08-012024-07-3113541170core:LandBuildings2023-08-012024-07-3113541170core:PlantMachinery2023-08-012024-07-3113541170core:Vehicles2023-08-012024-07-3113541170core:FurnitureFittings2023-08-012024-07-3113541170core:OfficeEquipment2023-08-012024-07-3113541170dpl:AdministrativeExpenses2023-08-012024-07-3113541170core:NetGoodwill2023-08-012024-07-3113541170core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3113541170dpl:GroupUndertakings2023-08-012024-07-3113541170dpl:ParticipatingInterests2023-08-012024-07-3113541170dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3113541170core:ListedExchangeTraded2023-08-012024-07-3113541170dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3113541170core:UnlistedNon-exchangeTraded2023-08-012024-07-3113541170dpl:CostSales2022-08-012023-07-3113541170dpl:DistributionCosts2022-08-012023-07-3113541170core:LandBuildings2022-08-012023-07-3113541170core:PlantMachinery2022-08-012023-07-3113541170core:Vehicles2022-08-012023-07-3113541170core:FurnitureFittings2022-08-012023-07-3113541170core:OfficeEquipment2022-08-012023-07-3113541170dpl:AdministrativeExpenses2022-08-012023-07-3113541170core:NetGoodwill2022-08-012023-07-3113541170core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3113541170dpl:GroupUndertakings2022-08-012023-07-3113541170dpl:ParticipatingInterests2022-08-012023-07-3113541170dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3113541170core:ListedExchangeTraded2022-08-012023-07-3113541170dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3113541170core:UnlistedNon-exchangeTraded2022-08-012023-07-3113541170core:NetGoodwill2024-07-3113541170core:IntangibleAssetsOtherThanGoodwill2024-07-3113541170core:LandBuildings2024-07-3113541170core:PlantMachinery2024-07-3113541170core:Vehicles2024-07-3113541170core:FurnitureFittings2024-07-3113541170core:OfficeEquipment2024-07-3113541170core:AfterOneYear2024-07-3113541170core:WithinOneYear2024-07-3113541170core:ListedExchangeTraded2024-07-3113541170core:UnlistedNon-exchangeTraded2024-07-3113541170core:ShareCapital2024-07-3113541170core:SharePremium2024-07-3113541170core:RevaluationReserve2024-07-3113541170core:OtherReservesSubtotal2024-07-3113541170core:RetainedEarningsAccumulatedLosses2024-07-3113541170core:NetGoodwill2023-07-3113541170core:IntangibleAssetsOtherThanGoodwill2023-07-3113541170core:LandBuildings2023-07-3113541170core:PlantMachinery2023-07-3113541170core:Vehicles2023-07-3113541170core:FurnitureFittings2023-07-3113541170core:OfficeEquipment2023-07-3113541170core:AfterOneYear2023-07-3113541170core:WithinOneYear2023-07-3113541170core:Liste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THE EXCITABLE SOUL LIMITED

Registered Number
13541170
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

THE EXCITABLE SOUL LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

GLOVER, James

Registered Address

6 Nottingham Science & Technology Park
Nottingham
NG7 2RF

Registered Number

13541170 (England and Wales)
THE EXCITABLE SOUL LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets319,68022,140
Tangible assets44,4802,369
24,16024,509
Current assets
Debtors26,994-
Cash at bank and on hand52,71648,369
79,71048,369
Creditors amounts falling due within one year5(90,004)(49,530)
Net current assets (liabilities)(10,294)(1,161)
Total assets less current liabilities13,86623,348
Net assets13,86623,348
Capital and reserves
Called up share capital11
Profit and loss account13,86523,347
Shareholders' funds13,86623,348
The financial statements were approved and authorised for issue by the Director on 23 January 2025, and are signed on its behalf by:
GLOVER, James
Director
Registered Company No. 13541170
THE EXCITABLE SOUL LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
Trade and other debtors
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.
Trade and other creditors
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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year20
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 August 2324,60024,600
At 31 July 2424,60024,600
Amortisation and impairment
At 01 August 232,4602,460
Charge for year2,4602,460
At 31 July 244,9204,920
Net book value
At 31 July 2419,68019,680
At 31 July 2322,14022,140
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 232,7082,708
Additions5,0345,034
Revaluations(2,708)(2,708)
At 31 July 245,0345,034
Depreciation and impairment
At 01 August 23339339
Charge for year1,0121,012
Revaluation surplus(797)(797)
At 31 July 24554554
Net book value
At 31 July 244,4804,480
At 31 July 232,3692,369
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables13,250-
Bank borrowings and overdrafts436-
Amounts owed to related parties46,95348,680
Taxation and social security8,465850
Accrued liabilities and deferred income20,900-
Total90,00449,530
6.Related party transactions
The company owed the director an interest-free loan during the year to the balance of £47,389 (2022-23: £48,680).