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REGISTERED NUMBER: 06713613 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Substance Europe Ltd

Substance Europe Ltd (Registered number: 06713613)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Substance Europe Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: M C Downer





SECRETARY: M C Downer





REGISTERED OFFICE: Unit 17, Chorley Central Business Park
Stump Lane
Chorley
PR6 0BL





REGISTERED NUMBER: 06713613 (England and Wales)





ACCOUNTANTS: Rowlinson Rainbow & Company
5/7 New Road
Radcliffe
Greater Manchester
M26 1LS

Substance Europe Ltd (Registered number: 06713613)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 48,633 26,917

CURRENT ASSETS
Inventories 270,890 146,182
Debtors 5 318,258 311,203
Cash at bank and in hand 185,001 382,615
774,149 840,000
CREDITORS
Amounts falling due within one year 6 87,464 111,148
NET CURRENT ASSETS 686,685 728,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

735,318

755,769

CREDITORS
Amounts falling due after more than one
year

7

2,000

-

PROVISIONS FOR LIABILITIES (275 ) (275 )
NET ASSETS 737,043 755,494

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 737,040 755,491
737,043 755,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Substance Europe Ltd (Registered number: 06713613)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





M C Downer - Director


Substance Europe Ltd (Registered number: 06713613)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Substance Europe Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Substance Europe Ltd (Registered number: 06713613)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2023 115,849
Additions 33,874
At 31 October 2024 149,723
DEPRECIATION
At 1 November 2023 88,932
Charge for year 12,158
At 31 October 2024 101,090
NET BOOK VALUE
At 31 October 2024 48,633
At 31 October 2023 26,917

5. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Trade debtors 20,065 12,698
Amounts owed by group undertakings 21,657 21,657
Other debtors 28,110 28,422
69,832 62,777

Amounts falling due after more than one year:
Amounts owed by group undertakings 248,426 248,426

Aggregate amounts 318,258 311,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 34,342 29,345
Taxation and social security 47,442 79,003
Other creditors 5,680 2,800
87,464 111,148

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other creditors (2,000 ) -