Womens' International Shipping and Trading Association Limited
Unaudited Financial Statements
For the year ended 31 December 2025
Pages for Filing with Registrar
Company Registration No. 05396872 (England and Wales)
Womens' International Shipping and Trading Association Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Womens' International Shipping and Trading Association Limited
Statement Of Financial Position
As at 31 December 2025
Page 1
2025
2024
Notes
€
€
€
€
Fixed assets
Intangible assets
3
6,344
9,574
Current assets
Debtors
4
11,133
3,707
Cash at bank and in hand
640,811
600,550
651,944
604,257
Creditors: amounts falling due within one year
5
(30,911)
(48,424)
Net current assets
621,033
555,833
Net assets
627,377
565,407
Reserves
Other reserves
26,174
26,174
Profit and loss account
601,203
539,233
Members' funds
627,377
565,407

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 25 August 2026 and are signed on its behalf by:
M Collazzi
Director
Company Registration No. 05396872
Womens' International Shipping and Trading Association Limited
Notes to the Financial Statements
For the year ended 31 December 2025
Page 2
1
Accounting policies
Company information

Womens' International Shipping and Trading Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Claremont, Holland Road, Maidstone, Kent, England, ME14 1UT.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in euros, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest €.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income represents annual subscriptions receivable, entry fees and sponsorships fees received from members towards the conference held during the year by the company.

Subscription revenue is recognised evenly over the annual membership period. Conference income including sponsorship is recognised at the date of the conference.

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
5 years straight line
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has only basic financial instruments measured at amortised cost.

1.6
Taxation

The company is not subject to taxation on income and expenses in relation to members. Corporation tax due on any taxable profit arising from trading with non members is accrued in the year to which it relates.

Womens' International Shipping and Trading Association Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 3
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset s are consumed.

1.10
Foreign exchange

Transactions in currencies other than euros are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.11

Capital grant

Grants relating to an asset are recognised in income systematically over the asset's expected useful life on the same period as the depreciation and amortisation expense of the related assets. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
Womens' International Shipping and Trading Association Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 4
3
Intangible fixed assets
Website
€
Cost
At 1 January 2025 and 31 December 2025
79,622
Amortisation and impairment
At 1 January 2025
70,048
Amortisation charged for the year
3,230
At 31 December 2025
73,278
Carrying amount
At 31 December 2025
6,344
At 31 December 2024
9,574
4
Debtors
2025
2024
Amounts falling due within one year:
€
€
Other debtors
11,133
3,707
5
Creditors: amounts falling due within one year
2025
2024
€
€
Trade creditors
5,302
1,500
Corporation tax
64
2,342
Other taxation and social security
980
986
Other creditors
24,565
43,596
30,911
48,424

In 2022, WISTA received a grant from the International Maritime Organization for the set up and the maintenance of a Maritime Speakers' Bureau website. The website serves the existing objectives of the company.

The grant is recognised as deferred income and is released over the useful economic life of the website.

6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding €1.

Womens' International Shipping and Trading Association Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 5
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
€
€
Total commitments
2,250
2,250
8
Controlling party

The company does not have a controlling party.

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