EXCITE FOUNDRY LTD

Company Registration Number:
12328644 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

EXCITE FOUNDRY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

EXCITE FOUNDRY LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 3,335,738 2,708,599
Tangible assets: 4 1,581 1,976
Investments: 5 96 96
Total fixed assets: 3,337,415 2,710,671
Current assets
Stocks: 2,348,600 2,277,389
Cash at bank and in hand: 623,944 632,715
Total current assets: 2,972,544 2,910,104
Creditors: amounts falling due within one year:   (116,099) (400,800)
Net current assets (liabilities): 2,856,445 2,509,304
Total assets less current liabilities: 6,193,860 5,219,975
Creditors: amounts falling due after more than one year:   (10,874) (21,866)
Total net assets (liabilities): 6,182,986 5,198,109
Capital and reserves
Called up share capital: 5,429,686 4,758,588
Profit and loss account: 753,300 439,521
Shareholders funds: 6,182,986 5,198,109

The notes form part of these financial statements

EXCITE FOUNDRY LTD

Balance sheet statements

For the year ending 31 December 2024 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 24 April 2026
and signed on behalf of the board by:

Name: Ritesh Kumar
Status: Director

The notes form part of these financial statements

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

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 20% reducing balance basis.

Intangible fixed assets and amortisation policy

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. 10 year straight line basis.

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 2,834,575
Additions 671,098
At 31 December 2024 3,505,673
Amortisation
At 01 January 2024 125,976
Charge for year 43,959
At 31 December 2024 169,935
Net book value
At 31 December 2024 3,335,738
At 31 December 2023 2,708,599

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 3,538
At 31 December 2024 3,538
Depreciation
At 01 January 2024 1,562
Charge for year 395
At 31 December 2024 1,957
Net book value
At 31 December 2024 1,581
At 31 December 2023 1,976

EXCITE FOUNDRY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Fixed investments

other investments