RADIO FAZA CIC - Accounts

RADIO FAZA CIC
Contents Page
For the Period 19 February 2025 to 28 February 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

RADIO FAZA CIC
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £
Fixed assets
Tangible fixed assets	3	11,167
		11,167
Current assets
Debtors		1,250
Cash at bank and in hand		2,724
		3,974
Creditors: amount falling due within one year		(3,198)
Net current assets		776

Total assets less current liabilities		11,943
Net assets		11,943

Reserves
Special Reserves		11,167
Income and expenditure account		776
Members' funds		11,943

For the period ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 14 October 2026 and were signed on its behalf by:

-------------------------------
Suffiana Ansar
Director

1

RADIO FAZA CIC
Notes to the Abridged Financial Statements
For the Period 19 February 2025 to 28 February 2026

General Information

RADIO FAZA CIC is a private company, limited by guarantee, registered in England and Wales, registration number 16263056, registration address CHAPEL HOUSE, NOEL STREET NOTTINGHAM, NG7 6AT.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Assets received by way of donation are recognised at their fair value at the date of receipt, with the corresponding credit recognised in other operating income. An equivalent amount is transferred to the donated assets reserve and released to the income and expenditure reserve over the useful lives of those assets.
Tangible fixed assets are stated at cost, or at fair value on initial recognition in the case of donated assets, less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or deemed cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	20% Straight Line
Computer Equipment	33.33% Straight Line

2.	Average number of employees Average number of employees during the period was 0.

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 19 February 2025	-	-	-
Additions	3,000	12,000	15,000
Disposals	-	-	-
At 28 February 2026	3,000	12,000	15,000
Depreciation
At 19 February 2025	-	-	-
Charge for period	500	3,333	3,833
On disposals	-	-	-
At 28 February 2026	500	3,333	3,833
Net book values
Closing balance as at 28 February 2026	2,500	8,667	11,167
Opening balance as at 19 February 2025	-	-	-

2

Registered Number: 16263056
England and Wales
RADIO FAZA CIC
Company limited by guarantee
Abridged Accounts

Period of accounts Start date: 19 February 2025 End date: 28 February 2026