Substance001 Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 04905190

		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		44,188		55,238

			44,188		55,238
CURRENT ASSETS
Work in progress		137,460		92,772
Debtors		2,406,335		1,484,599
Cash at bank and in hand		306,202		34,079

		2,849,997		1,611,450
Creditors: Amounts Falling Due Within One Year		(2,036,561 )		(813,509 )

NET CURRENT ASSETS (LIABILITIES)			813,436		797,941

TOTAL ASSETS LESS CURRENT LIABILITIES			857,624		853,179

Creditors: Amounts Falling Due After More Than One Year			(46,000 )		(138,000 )

NET ASSETS			811,624		715,179

CAPITAL AND RESERVES
Called up share capital			50		50
Capital redemption reserve			50		50
Profit and Loss Account			811,524		715,079

SHAREHOLDERS' FUNDS			811,624		715,179

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Substance001 Limited

Abridged Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr C Swift Director	Mr A Freedman Director
23 September 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Substance001 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04905190 . The registered office is 159 High Street, Barnet, Hertfordshire, EN5 5SU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website and software. It is amortised to the evenly over its estimated useful life of three years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual Property are amortised evenly over their estimated useful life of three years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold improvements	Over the term of the lease
Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

2.6. Taxation

Taxation for the period 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 43 (2024: 44)

4. Intangible Assets

	Total
	£
Cost
As at 1 January 2025	376,248
Additions	30,000
Disposals	(390,786 )

As at 31 December 2025	15,462

...CONTINUED

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Substance001 Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

Amortisation
As at 1 January 2025	376,248
Provided during the period	30,000
Disposals	(390,786 )

As at 31 December 2025	15,462

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

5. Tangible Assets

	Total
	£
Cost
As at 1 January 2025	564,103
Additions	30,781

As at 31 December 2025	594,884

Depreciation
As at 1 January 2025	508,865
Provided during the period	41,831

As at 31 December 2025	550,696

Net Book Value
As at 31 December 2025	44,188

As at 1 January 2025	55,238

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