2023-07-012024-06-302024-06-30false11028974GREATDRAMS VENTURES LIMITED2024-08-0146170iso4217:GBPxbrli:pure110289742023-07-01110289742024-06-30110289742023-07-012024-06-30110289742022-07-01110289742023-06-30110289742022-07-012023-06-3011028974bus:SmallEntities2023-07-012024-06-3011028974bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3011028974bus:FullAccounts2023-07-012024-06-3011028974bus:PrivateLimitedCompanyLtd2023-07-012024-06-3011028974core:WithinOneYear2024-06-3011028974core:AfterOneYear2024-06-3011028974core:WithinOneYear2023-06-3011028974core:AfterOneYear2023-06-3011028974core:ShareCapital2024-06-3011028974core:SharePremium2024-06-3011028974core:RevaluationReserve2024-06-3011028974core:OtherReservesSubtotal2024-06-3011028974core:RetainedEarningsAccumulatedLosses2024-06-3011028974core:ShareCapital2023-06-3011028974core:SharePremium2023-06-3011028974core:RevaluationReserve2023-06-3011028974core:OtherReservesSubtotal2023-06-3011028974core:RetainedEarningsAccumulatedLosses2023-06-3011028974core:LandBuildings2024-06-3011028974core:PlantMachinery2024-06-3011028974core:Vehicles2024-06-3011028974core:FurnitureFittings2024-06-3011028974core:OfficeEquipment2024-06-3011028974core:NetGoodwill2024-06-3011028974core:IntangibleAssetsOtherThanGoodwill2024-06-3011028974core:ListedExchangeTraded2024-06-3011028974core:UnlistedNon-exchangeTraded2024-06-3011028974core:LandBuildings2023-06-3011028974core:PlantMachinery2023-06-3011028974core:Vehicles2023-06-3011028974core:FurnitureFittings2023-06-3011028974core:OfficeEquipment2023-06-3011028974core:NetGoodwill2023-06-3011028974core:IntangibleAssetsOtherThanGoodwill2023-06-3011028974core:ListedExchangeTraded2023-06-3011028974core:UnlistedNon-exchangeTraded2023-06-3011028974core:LandBuildings2023-07-012024-06-3011028974core:PlantMachinery2023-07-012024-06-3011028974core:Vehicles2023-07-012024-06-3011028974core:FurnitureFittings2023-07-012024-06-3011028974core:OfficeEquipment2023-07-012024-06-3011028974core:NetGoodwill2023-07-012024-06-3011028974core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3011028974core:ListedExchangeTraded2023-07-012024-06-3011028974core:UnlistedNon-exchangeTraded2023-07-012024-06-3011028974core:MoreThanFiveYears2023-07-012024-06-3011028974core:Non-currentFinancialInstruments2024-06-3011028974core:Non-currentFinancialInstruments2023-06-3011028974dpl:CostSales2023-07-012024-06-3011028974dpl:DistributionCosts2023-07-012024-06-3011028974core:LandBuildings2023-07-012024-06-3011028974core:PlantMachinery2023-07-012024-06-3011028974core:Vehicles2023-07-012024-06-3011028974core:FurnitureFittings2023-07-012024-06-3011028974core:OfficeEquipment2023-07-012024-06-3011028974dpl:AdministrativeExpenses2023-07-012024-06-3011028974core:NetGoodwill2023-07-012024-06-3011028974core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3011028974dpl:GroupUndertakings2023-07-012024-06-3011028974dpl:ParticipatingInterests2023-07-012024-06-3011028974dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3011028974core:ListedExchangeTraded2023-07-012024-06-3011028974dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3011028974core:UnlistedNon-exchangeTraded2023-07-012024-06-3011028974dpl:CostSales2022-07-012023-06-3011028974dpl:DistributionCosts2022-07-012023-06-3011028974core:LandBuildings2022-07-012023-06-3011028974core:PlantMachinery2022-07-012023-06-3011028974core:Vehicles2022-07-012023-06-3011028974core:FurnitureFittings2022-07-012023-06-3011028974core:OfficeEquipment2022-07-012023-06-3011028974dpl:AdministrativeExpenses2022-07-012023-06-3011028974core:NetGoodwill2022-07-012023-06-3011028974core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3011028974dpl:GroupUndertakings2022-07-012023-06-3011028974dpl:ParticipatingInterests2022-07-012023-06-3011028974dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3011028974core:ListedExchangeTraded2022-07-012023-06-3011028974dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3011028974core:UnlistedNon-exchangeTraded2022-07-012023-06-3011028974core:NetGoodwill2024-06-3011028974core:IntangibleAssetsOtherThanGoodwill2024-06-3011028974core:LandBuildings2024-06-3011028974core:PlantMachinery2024-06-3011028974core:Vehicles2024-06-3011028974core:FurnitureFittings2024-06-3011028974core:OfficeEquipment2024-06-3011028974core:AfterOneYear2024-06-3011028974core:WithinOneYear2024-06-3011028974core:ListedExchangeTraded2024-06-3011028974core:UnlistedNon-exchangeTraded2024-06-3011028974core:ShareCapital2024-06-3011028974core:SharePremium2024-06-3011028974core:RevaluationReserve2024-06-3011028974core:OtherReservesSubtotal2024-06-3011028974core:RetainedEarningsAccumulatedLosses2024-06-3011028974core:NetGoodwill2023-06-3011028974core:IntangibleAssetsOtherThanGoodwill2023-06-3011028974core:LandBuildings2023-06-3011028974core:PlantMachinery2023-06-3011028974core:Vehicles2023-06-3011028974core:FurnitureFittings2023-06-3011028974core:OfficeEquipment2023-06-3011028974core:AfterOneYear2023-06-3011028974core:WithinOneYear2023-06-3011028974core:ListedExchangeTraded2023-06-3011028974core:UnlistedNon-exchangeTraded2023-06-3011028974core:ShareCapital2023-06-3011028974core:SharePremium2023-06-3011028974core:RevaluationReserve2023-06-3011028974core:OtherReservesSubtotal2023-06-3011028974core:RetainedEarningsAccumulatedLosses2023-06-3011028974core:NetGoodwill2022-07-0111028974core:IntangibleAssetsOtherThanGoodwill2022-07-0111028974core:LandBuildings2022-07-0111028974core:PlantMachinery2022-07-0111028974core:Vehicles2022-07-0111028974core:FurnitureFittings2022-07-0111028974core:OfficeEquipment2022-07-0111028974core:AfterOneYear2022-07-0111028974core:WithinOneYear2022-07-0111028974core:ListedExchangeTraded2022-07-0111028974core:UnlistedNon-exchangeTraded2022-07-0111028974core:ShareCapital2022-07-0111028974core:SharePremium2022-07-0111028974core:RevaluationReserve2022-07-0111028974core:OtherReservesSubtotal2022-07-0111028974core:RetainedEarningsAccumulatedLosses2022-07-0111028974core:AfterOneYear2023-07-012024-06-3011028974core:WithinOneYear2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3011028974core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3011028974core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3011028974core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3011028974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3011028974core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3011028974core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3011028974core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3011028974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3011028974core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3011028974core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3011028974core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3011028974core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3011028974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3011028974core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3011028974core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3011028974core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3011028974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3011028974core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3011028974bus:Director12023-07-012024-06-3011028974bus:Director22023-07-012024-06-30

GREATDRAMS VENTURES LIMITED

Registered Number
11028974
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

GREATDRAMS VENTURES LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

G Dillon
K Dillon

Registered Address

Brook House Park Lane
Poynton
Stockport
SK12 1RG

Registered Number

11028974 (England and Wales)
GREATDRAMS VENTURES LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-627
Tangible assets4193636
1931,263
Current assets
Stocks5384,622310,290
Debtors22,728106,015
Cash at bank and on hand80,13579,414
487,485495,719
Creditors amounts falling due within one year6(296,286)(294,919)
Net current assets (liabilities)191,199200,800
Total assets less current liabilities191,392202,063
Net assets191,392202,063
Capital and reserves
Called up share capital100100
Profit and loss account191,292201,963
Shareholders' funds191,392202,063
The financial statements were approved and authorised for issue by the Board of Directors on 1 August 2024, and are signed on its behalf by:
G Dillon
Director
Registered Company No. 11028974
GREATDRAMS VENTURES LIMITED
Notes to the Financial Statements
for the year ended 30 June 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
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
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 July 231,5003,4194,919
At 30 June 241,5003,4194,919
Amortisation and impairment
At 01 July 231,5002,7924,292
Charge for year-627627
At 30 June 241,5003,4194,919
Net book value
At 30 June 24---
At 30 June 23-627627
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 231,6651,665
At 30 June 241,6651,665
Depreciation and impairment
At 01 July 231,0291,029
Charge for year443443
At 30 June 241,4721,472
Net book value
At 30 June 24193193
At 30 June 23636636
5.Stocks

2024

2023

££
Raw materials and consumables384,622310,290
Total384,622310,290
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5754,121
Bank borrowings and overdrafts450-
Taxation and social security1,62026,386
Other creditors293,641264,412
Total296,286294,919
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.