MOODS RADIO UK CIC

Company limited by guarantee

Company Registration Number:
14687802 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 24 February 2023

End date: 28 February 2024

MOODS RADIO UK CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MOODS RADIO UK CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

The company's principal activity is to continue radio broadcasting.



Directors

The director shown below has held office during the period of
24 June 2023 to 2 June 2023

Jennifer Janet Cousins


The director shown below has held office during the period of
2 June 2023 to 28 February 2024

Stephen Chambers


The director shown below has held office during the whole of the period from
24 February 2023 to 28 February 2024

Owen Morgan


The director shown below has held office during the period of
24 February 2023 to 2 June 2023

Jacqueline Jackson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 January 2025

And signed on behalf of the board by:
Name: Owen Morgan
Status: Director

MOODS RADIO UK CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024


£
Turnover: 5,711
Cost of sales: 0
Gross profit(or loss): 5,711
Distribution costs: 0
Administrative expenses: ( 24,969 )
Other operating income: 238
Operating profit(or loss): (19,020)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (19,020)
Tax: 0
Profit(or loss) for the financial year: (19,020)

MOODS RADIO UK CIC

Balance sheet

As at 28 February 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 1,195
Investments:   0
Total current assets: 1,195
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 9,113 )
Net current assets (liabilities): (7,918)
Total assets less current liabilities: (7,918)
Creditors: amounts falling due after more than one year: 4 ( 11,102 )
Total net assets (liabilities): (19,020)
Members' funds
Profit and loss account: (19,020)
Total members' funds: ( 19,020)

The notes form part of these financial statements

MOODS RADIO UK CIC

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 January 2025
and signed on behalf of the board by:

Name: Owen Morgan
Status: Director

The notes form part of these financial statements

MOODS RADIO UK CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    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. 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.

    Other accounting policies

    current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

MOODS RADIO UK CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

MOODS RADIO UK CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 9,113
Total 9,113

MOODS RADIO UK CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due after more than one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 11,102
Total 11,102

COMMUNITY INTEREST ANNUAL REPORT

MOODS RADIO UK CIC

Company Number: 14687802 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Company was providing a free radio service to the community through our the year.

Consultation with stakeholders

All the stakeholders have provided a positive feed back and they have agreed to continue with the service.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 January 2025

And signed on behalf of the board by:
Name: Owen Morgan
Status: Director