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REGISTERED NUMBER: 10278908 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 22 AUGUST 2024

FOR

STEP INTO TEACHING LIMITED

STEP INTO TEACHING LIMITED (REGISTERED NUMBER: 10278908)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 22 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STEP INTO TEACHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 22 AUGUST 2024







DIRECTORS: G T McPhee
S J Ray





REGISTERED OFFICE: Corner Oak
1 Homer Road
Solihull
B91 3QG





BUSINESS ADDRESS: Unit 3 Jephson Court
Tancred Close
Leamington Spa
CV31 3RZ





REGISTERED NUMBER: 10278908 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
Corner Oak
1 Homer Road
Solihull
B91 3QG

STEP INTO TEACHING LIMITED (REGISTERED NUMBER: 10278908)

BALANCE SHEET
22 AUGUST 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 912,515 737,201
Cash at bank 919,936 907,497
1,832,451 1,644,698
CREDITORS
Amounts falling due within one year 5 1,519,539 1,548,470
NET CURRENT ASSETS 312,912 96,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,912

96,228

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 312,812 96,128
SHAREHOLDERS' FUNDS 312,912 96,228

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





S J Ray - Director


STEP INTO TEACHING LIMITED (REGISTERED NUMBER: 10278908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 22 AUGUST 2024


1. STATUTORY INFORMATION

Step into Teaching Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 571 (2023 - 412 ) .

STEP INTO TEACHING LIMITED (REGISTERED NUMBER: 10278908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 AUGUST 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 876,105 722,404
Amounts owed by group undertakings 7,837 -
Other debtors 28,573 14,797
912,515 737,201

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 52,857 19,815
Amounts owed to group undertakings 523,000 118,614
Taxation and social security 544,060 597,034
Other creditors 399,622 813,007
1,519,539 1,548,470

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Kitson BA FCA (Senior Statutory Auditor)
for and on behalf of Prime

7. RELATED PARTY DISCLOSURES

Transactions with the company's parent company total £46,537 (2023: £46,059) as costs for rent, service charge and sinking funds and dividends of £500,000 (2023: £700,000). The intercompany balance for the year end for Hampton's People Group Limited was £523,000 (2023: £Nil).

During the year, Hampton's Resourcing Limited charged Step into Teaching £115,452 for costs in the 2024 accounts therefore the balance has been provided for as an accrual. The intercompany balance for Hampton's Resourcing Limited was a debtor of £7,838 (2023: 118,614 creditor).

8. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is Hampton's People Group Limited, whose registered office is 1 Homer Road, Solihull, West Midlands, United Kingdom, B91 3QG.