SUBSTANCE001 LIMITED Financials
- Company number
- 04905190Copy
Copy - Registered office
- 159 High Street, Barnet, Hertfordshire EN5 5SU
- Incorporated
- 19/09/2003
Company snapshot
- Status
- Active
- Employees
- 44 (2024)
- Latest financial data
- 2024
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-63.08%vs 20232023: £1.94M
Total Assets
-40.44%vs 20232023: £2.89M
Cash in Bank
-96.79%vs 20232023: £1.06M
Total Liabilities
6.06%vs 20232023: £897.11K
Employees
+15vs 20232023: 29
In 2024, SUBSTANCE001 LIMITED reported net assets of £715.18K. The same filing shows total assets of £1.72M, cash in bank of £34.08K and total liabilities of £951.51K. Reported headcount was 44 in 2024. Net Assets fell from £1.94M in 2023 to £715.18K in 2024 (-63.08%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-63.08%from £1.94M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures SUBSTANCE001 LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-55.6%vs 2022-33.3% a year compound (CAGR)
Cash in Bank
-96%vs 2022-80% a year compound (CAGR)
Total Assets
-33%vs 2022-18.1% a year compound (CAGR)
Total Liabilities
+6%vs 2022+3% a year compound (CAGR)
Employees
+132%vs 2022+25Biggest increase
Employees+132%
19 in 2022 to 44 in 2024
Biggest decrease
Cash in Bank-96%
£853.03K in 2022 to £34.08K in 2024
SUBSTANCE001 LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in employee numbers, pointing to an expanding team, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SUBSTANCE001 LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 41.53%2024
- Liabilities to total assets
- 55.26%2024
- Cash to liabilities
- 3.58%2024
- Cash to total assets
- 1.98%2024
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SUBSTANCE001 LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 1.22M | 1.61M | 1.94M | 715.18K |
| Total Assets£ | 2.03M | 2.57M | 2.89M | 1.72M |
| Cash in Bank£ | 99.41K | 853.03K | 1.06M | 34.08K |
| Total Liabilities£ | 717.89K | 897.58K | 897.11K | 951.51K |
| Employees | 14 | 19 | 29 | 44 |
SUBSTANCE001 LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has SUBSTANCE001 LIMITED filed financial statements?
Yes. Okredo holds filed figures for SUBSTANCE001 LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did SUBSTANCE001 LIMITED report in 2024?
SUBSTANCE001 LIMITED reported net assets of £715.18K for 2024. That compares with £1.94M in 2023, a change of -63.08%.
What total assets did SUBSTANCE001 LIMITED report in 2024?
SUBSTANCE001 LIMITED reported total assets of £1.72M for 2024. That compares with £2.89M in 2023, a change of -40.44%.
What cash in bank did SUBSTANCE001 LIMITED report in 2024?
SUBSTANCE001 LIMITED reported cash in bank of £34.08K for 2024. That compares with £1.06M in 2023, a change of -96.79%.
How many people does SUBSTANCE001 LIMITED employ?
SUBSTANCE001 LIMITED reported 44 employees in 2024, compared with 29 in 2023.
How have SUBSTANCE001 LIMITED financials changed over the last 3 years?
Between 2022 and 2024, SUBSTANCE001 LIMITED's net assets fell by 55.6%, cash in bank fell by 96%, total assets fell by 33% and total liabilities rose by 6%. Net assets contracted at 33.3% a year across the two years to 2024, from £1.61M to £715.18K. Reported headcount went from 19 in 2022 to 44 in 2024 (+25).
Which years of SUBSTANCE001 LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.