The Workboat Association

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 16606682

		31 December 2025
	Notes	£	£
CURRENT ASSETS
Debtors	4	23,786
Cash at bank and in hand		40,647

		64,433
Creditors: Amounts Falling Due Within One Year	5	(2,659 )

NET CURRENT ASSETS (LIABILITIES)			61,774

TOTAL ASSETS LESS CURRENT LIABILITIES			61,774

NET ASSETS			61,774

Income and Expenditure Account			61,774

MEMBERS' FUNDS			61,774

For the period ending 31 December 2025 the company was entitled to exemption from audit 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Kerrie Forster

Director

22/07/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

The Workboat Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 16606682 . The registered office is 19 Janson Road, Southampton, SO15 5FU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods or received them if they are sent in electronic form.

Rendering of services

Turnover from the rendering of services is recognised by reference to the date shown on the invoice whether for membership subscriptions or bookings to attend company events.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transactions balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Debtors

	31 December 2025
	£
Due within one year
Trade debtors	21,878
Other debtors	1,908

	23,786

5. Creditors: Amounts Falling Due Within One Year

	31 December 2025
	£
Trade creditors	2,659

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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The Workboat Association

Notes to the Financial Statements (continued)

For the Period 25 July 2025 to 31 December 2025

As a limited company, the organisation has only been active since the date of incorporation on 25 July 2025 to the end of the accounting period on 31st December 2025. The new company structure followed many years when activities were undertaken as an unincorporated association which was dissolved and activities transferred into the new company on incorporation.

The financial assets of the historic unincorporated association were transferred to the new company on incorporation. This explains the financial reserves of the new company at the Balance Sheet date 31st December 2025 despite the operating loss reported in the Profit and Loss Account.

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