Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0true2false2023-10-24falseBusiness and domestic software developmentfalse 15232892 2023-10-23 15232892 2023-10-24 2024-12-31 15232892 2022-10-23 2023-10-23 15232892 2024-12-31 15232892 c:Director1 2023-10-24 2024-12-31 15232892 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 15232892 d:CurrentFinancialInstruments 2024-12-31 15232892 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15232892 d:ShareCapital 2024-12-31 15232892 d:SharePremium 2024-12-31 15232892 d:RetainedEarningsAccumulatedLosses 2024-12-31 15232892 c:FRS102 2023-10-24 2024-12-31 15232892 c:AuditExempt-NoAccountantsReport 2023-10-24 2024-12-31 15232892 c:FullAccounts 2023-10-24 2024-12-31 15232892 c:PrivateLimitedCompanyLtd 2023-10-24 2024-12-31 15232892 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-10-24 2024-12-31 15232892 2 2023-10-24 2024-12-31 15232892 e:PoundSterling 2023-10-24 2024-12-31 iso4217:GBP xbrli:pure


















Hey Savi Limited

(formerly known as Be More Savi Limited) 






















Unaudited

Financial statements



For the period ended 31 December 2024



Registered number: 15232892

 
Hey Savi Limited - Registered number:15232892



Statement of financial position
As at 31 December 2024

2024
2024
Note
£
£

Fixed assets
  

Intangible assets
  
337,612

  
337,612

Current assets
  

Debtors: amounts falling due within one year
 5 
92,082

Cash at bank and in hand
  
1,526,353

  
1,618,435

Creditors: amounts falling due within one year
 6 
(47,955)

Net current assets
  
 
 
1,570,480

Total assets less current liabilities
  
1,908,092

  

Net assets
  
1,908,092


Capital and reserves
  

Share capital
  
1,215

Share premium account
  
2,150,678

Profit and loss account
  
(243,801)

  
1,908,092


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
 
Page 1

 
Hey Savi Limited - Registered number:15232892



Statement of financial position (continued)
As at 31 December 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S L Daniel
Director

Date: 5 June 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Hey Savi Limited
 
 

Notes to the financial statements
For the period ended 31 December 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The registered office is C/O Buzzacott LLP, 130 Wood Street, London, United Kingdom, EC2V 6DL. The address of the principle place of business is 3a, Lebanon Gardens, London, SW18 1RQ. The registered number is 15232892.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The  Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
Hey Savi Limited
 


Notes to the financial statements
For the period ended 31 December 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

Creditors

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.

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Page 4

 
Hey Savi Limited
 
 

Notes to the financial statements
For the period ended 31 December 2024

3.


Employees

The average monthly number of employees, during the period was 2.








4.


Intangible assets



Development expenditure

£



Cost


Additions
337,612



At 31 December 2024

337,612






Net book value



At 31 December 2024
337,612




5.


Debtors

2024
£


Other debtors
88,070

Prepayments and accrued income
4,012

92,082



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
3,618

Other creditors
37,254

Accruals and deferred income
7,083

47,955


Page 5

 
Hey Savi Limited
 
 

Notes to the financial statements
For the period ended 31 December 2024

7.


Pension commitments

TThe company operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the company in an independently administered funds. The pension cost charge represents
contributions payable by the company to the fund and amounted to £16,599. Contributions totalling £3,469
were payable to the fund at the reporting date and are included within other creditors.


Page 6