ACCOUNTS - Final Accounts

FONE SAVVY LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-301trueNo description of principal activity2022-07-01true1true 08137645 2022-07-01 2023-06-30 08137645 2021-07-01 2022-06-30 08137645 2023-06-30 08137645 2022-06-30 08137645 c:Director1 2022-07-01 2023-06-30 08137645 d:CurrentFinancialInstruments 2023-06-30 08137645 d:CurrentFinancialInstruments 2022-06-30 08137645 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08137645 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08137645 d:ShareCapital 2023-06-30 08137645 d:ShareCapital 2022-06-30 08137645 d:RetainedEarningsAccumulatedLosses 2023-06-30 08137645 d:RetainedEarningsAccumulatedLosses 2022-06-30 08137645 c:OrdinaryShareClass1 2022-07-01 2023-06-30 08137645 c:OrdinaryShareClass1 2023-06-30 08137645 c:OrdinaryShareClass1 2022-06-30 08137645 c:EntityHasNeverTraded 2022-07-01 2023-06-30 08137645 c:FRS102 2022-07-01 2023-06-30 08137645 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08137645 c:FullAccounts 2022-07-01 2023-06-30 08137645 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08137645 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08137645

FONE SAVVY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

FONE SAVVY LIMITED

REGISTERED NUMBER: 08137645

BALANCE SHEET

AS AT 30 JUNE 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	30,213		30,213
Cash at bank and in hand	62		62
	30,275		30,275
Creditors: amounts falling due within one year	(26,784)		(25,401)
Net current assets		3,491		4,874
Total assets less current liabilities		3,491		4,874

Net assets		3,491		4,874

Capital and reserves
Called up share capital	25,000	25,000
Profit and loss account	(21,509)	(20,126)
	3,491	4,874

For the year ended 30 June 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income 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 on 1 March 2024.

Francis Toye

Director

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

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FONE SAVVY LIMITED

REGISTERED NUMBER: 08137645

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2023

Page 2

FONE SAVVY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1.	General information

Fone Savvy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Lavington Street, London, England, SE1 0NZ.

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 the Republic of Ireland and the Companies Act 2006.

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

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.

2.5

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, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Debtors

					2023	2022
					£	£


Amounts owed by joint ventures and associated undertakings	30,213	30,213
	30,213	30,213

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FONE SAVVY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

5.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	62	62
	62	62

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Corporation tax	24,784	23,401
Accruals and deferred income	2,000	2,000
	26,784	25,401

7.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

25,000 (2022 - 25,000) Ordinary shares of £1.00 each	25,000	25,000

8.	Related party transactions
	The company has taken advantage of the exemption available in paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with other companies that are wholly owed within the group.

9.	Controlling party

The immediate parent company is Unilink Technology Services Limited and the ultimate parent companyis The Unilink Group Limited, both having a registered address of Europoint, 5-11 Lavington Street, London, SE1 0NZ.
The Ultimate controlling party is Francis Toye by virtue of his shareholding in the ultimate parent company.

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