REGISTERED NUMBER: 10278908 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 22 AUGUST 2025

FOR

STEP INTO TEACHING LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

G T McPhee

S J Ray

REGISTERED OFFICE:

Corner Oak

1 Homer Road

Solihull

B91 3QG

REGISTERED NUMBER:

10278908 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

Corner Oak

1 Homer Road

Solihull

B91 3QG

The directors present their strategic report for the year ended 22 August 2025.

Step Into Teaching Limited ("the Company") operates a graduate-led education recruitment and training model, supporting schools across the UK with graduate teaching assistants, academic mentors and education support staff. The Company focuses on attracting, training and placing aspiring teachers into long-term school-based roles, supporting both immediate staffing needs within schools and the wider teacher pipeline.

The Company works with schools, multi-academy trusts and graduates across mainstream, SEN and alternative provision settings and remains focused on maintaining its reputation as a trusted and ethical provider within the education sector.

REVIEW OF BUSINESS

The Company delivered another profitable year, with turnover increasing to £12.2m compared with £11.7m in the prior year. Gross profit remained strong at £3.1m despite increasingly challenging conditions across the education recruitment sector.

Trading conditions during the first four months of the financial year were slower than anticipated, with lower vacancy levels across the education market. This was partly due to the conclusion of COVID catch-up funding and continued financial pressure on schools, which resulted in a more cautious approach to recruitment spending. Market activity improved from January 2026 onwards, allowing the business to recover part of the earlier shortfall and maintain year-on-year revenue growth.

Operating profit reduced to £0.8m compared with £1.0m in the prior year. Margins were affected by slower market conditions, increased employment costs and continued investment in operational infrastructure. Changes to Employer National Insurance introduced from April 2025 also increased payroll-related costs during the latter part of the financial year.

During the year, the Company invested in additional staffing infrastructure, including an Attendance and Wellbeing Officer role aimed at improving graduate attendance and engagement, together with a University Partnerships Lead focused on strengthening graduate attraction directly from universities.

The business continued to broaden its reach across the UK and maintained strong relationships with schools seeking long-term graduate support solutions. Demand for graduate teaching support remained resilient, particularly within SEND and intervention-based settings where schools continue to face increasing pressure.

The directors recognise that rising SEND demand continues to place significant operational and financial strain on schools nationally, with the sector awaiting further clarity regarding future SEND funding and reform.

Staff turnover remained within normal expectations for the recruitment sector and did not materially affect trading performance.

The directors remain satisfied with the Company's overall performance during a more challenging trading period and believe the business remains well positioned for future growth.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks facing the Company include public sector budget pressures, fluctuations in education recruitment activity, candidate availability, wage inflation and broader employment cost increases.

The conclusion of temporary COVID-related funding and ongoing uncertainty around SEND funding reform have contributed to greater caution in school spending and recruitment decisions. The Company mitigates these risks through maintaining strong school relationships and continuing to position its graduate model as a sustainable and cost-effective support solution.

The Company also remains exposed to changes in employment legislation and taxation, including increases in Employer National Insurance contributions. The directors continue to monitor pricing structures, candidate pay rates and operational efficiencies closely.

Competition within the education recruitment market remains significant. The directors believe the Company's graduate attraction strategy, university partnerships and focus on long-term education pathways continue to differentiate the business from traditional short-term supply models.

FINANCIAL KEY PERFORMANCE INDICATORS

The directors monitor a range of financial and operational KPIs to assess business performance.

Turnover increased to £12.2m from £11.7m in the prior year, reflecting continued demand for the Company's services despite softer market conditions during the early part of the year.

Gross profit was £3.1m compared with £3.2m in the prior year, with margins impacted by increased employment costs, pricing pressures and continued investment into operational delivery and support infrastructure.

Operating profit reduced to £0.8m compared with £1.0m in the prior year, reflecting both the slower market conditions experienced during the first part of the year and increased payroll-related costs following the Employer National Insurance changes introduced in April 2025.

Despite tighter market conditions and lower vacancy volumes across the sector, the Company saw positive improvements in consultant productivity and operational efficiency during the year. Internal KPI performance improved year on year, with stronger conversion ratios, increased interview generation and improved placement performance relative to vacancy volumes. The directors believe this reflects the continued development of the recruitment teams and the benefits of strong operational management and performance oversight.

The directors continue to monitor consultant productivity, vacancy generation, staff retention and gross profit margins closely to ensure the business remains operationally efficient and financially resilient.

FUTURE DEVELOPMENTS

The directors intend to continue developing the business in a measured and sustainable manner during the next financial year. The Company will continue to focus on strengthening relationships with schools and multi-academy trusts, attracting high-quality graduate talent and improving operational efficiency.

The directors believe there remains strong long-term demand for graduate-led education support, particularly as schools continue to face teacher recruitment and SEND-related challenges.

The business intends to continue investing in graduate attraction strategies, university partnerships, staff development and operational infrastructure to support future growth and maintain high service standards.

The directors remain confident in the long-term sustainability of the Step Into Teaching model despite ongoing economic and sector-specific challenges.

ON BEHALF OF THE BOARD:

S J Ray - Director

19 May 2026

The directors present their report with the financial statements of the company for the year ended 22 August 2025.

DIVIDENDS

During the year, dividends of £417,500 (2024:£500,000) were paid to the parent company, Hampton's People Group Limited.

DIRECTORS

The directors shown below have held office during the whole of the period from 23 August 2024 to the date of this report.

G T McPhee

S J Ray

CORPORATE SOCIAL RESPONSIBILITY

Depending on their skills and abilities, disabled people enjoy the same career prospects as other employees,

and if employees become disabled every effort would be made to ensure their continued employment, with

appropriate training where necessary.

ENGAGEMENT WITH EMPLOYEES

The company places great importance on the views of its employees and consults with them on a regular basis to ensure their opinions are considered in decisions that are likely to affect their interests.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Prime, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S J Ray - Director

19 May 2026

Opinion

We have audited the financial statements of Step into Teaching Limited (the 'company') for the year ended 22 August 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 22 August 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC and other relevant parties.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Morgan Davies FCA (Senior Statutory Auditor)

for and on behalf of Prime

Chartered Accountants

Statutory Auditor

Corner Oak

1 Homer Road

Solihull

B91 3QG

19 May 2026

TURNOVER

3

12,176,394

11,662,735

Cost of sales

9,094,790

8,510,139

GROSS PROFIT

3,081,604

3,152,596

Administrative expenses

2,263,854

2,188,508

OPERATING PROFIT

817,750

964,088

Interest receivable and similar income

1,305

829

819,055

964,917

Interest payable and similar expenses

6

21,303

-

PROFIT BEFORE TAXATION

797,752

964,917

Tax on profit

7

203,985

248,233

PROFIT FOR THE FINANCIAL YEAR

593,767

716,684

PROFIT FOR THE YEAR

593,767

716,684

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

593,767

716,684

CURRENT ASSETS

Debtors

9

1,153,591

912,515

Cash at bank

198,389

919,936

1,351,980

1,832,451

CREDITORS

Amounts falling due within one year

10

862,801

1,519,539

NET CURRENT ASSETS

489,179

312,912

TOTAL ASSETS LESS CURRENT LIABILITIES

489,179

312,912

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

489,079

312,812

SHAREHOLDERS' FUNDS

489,179

312,912

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

S J Ray - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 23 August 2023

100

96,128

96,228

Changes in equity

Dividends

-

(500,000

)

(500,000

)

Total comprehensive income

-

716,684

716,684

Balance at 22 August 2024

100

312,812

312,912

Changes in equity

Dividends

-

(417,500

)

(417,500

)

Total comprehensive income

-

593,767

593,767

Balance at 22 August 2025

100

489,079

489,179

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

•

the requirement of paragraph 33.7.

The results of the company are consolidated in the ultimate parent's financial statements and these can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Going concern

The financial statements have been prepared on a going concern basis. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, which is taken to be at least 12 months from the date of signing the financial statements.

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.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

12,176,394

11,662,735

12,176,394

11,662,735

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,490,492

1,476,049

Social security costs

176,500

159,555

Other pension costs

23,151

140,114

1,690,143

1,775,718

The average number of employees during the year was as follows:

2025

2024

Office

28

25

Candidates

486

546

514

571

2025

2024

£

£

Directors' remuneration

9,096

9,096

Directors' pension contributions to money purchase schemes

-

120,000

5.	AUDITORS' REMUNERATION

Fees payable to the company's auditor for the audit of the company's annual accounts is £17,650 (2024: £10,000).

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest payable

21,303

-

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

203,985

248,233

Tax on profit

203,985

248,233

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

797,752

964,917

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

199,438

241,229

Effects of:

Expenses not deductible for tax purposes

355

7,004

Other timing differences

4,192

-

Total tax charge

203,985

248,233

8.

DIVIDENDS

2025

2024

£

£

Ordinary Shares shares of £1 each

Interim

417,500

500,000

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

743,726

876,105

Amounts owed by group undertakings

402,270

7,837

Other debtors

100

272

Prepayments and accrued income

7,495

28,301

1,153,591

912,515

Included within trade debtors are balances totalling £32,159 (2024: £18,692) that are subject to factoring arrangements. There was no liability outstanding at the year end (2024: £Nil).

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

86,367

48,357

Amounts owed to group undertakings

27,500

527,500

Tax

71,735

110,112

VAT

338,085

433,948

Other creditors

27,032

425

Directors' current accounts

691

691

Accrued expenses

311,391

398,506

862,801

1,519,539

11.	SECURED DEBTS

RBS Invoice Finance Limited have a legal charge registered on 02 May 2013 over all the assets of the company.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary Shares

£1

100

100

13.

RESERVES

Retained

earnings

£

At 23 August 2024

312,812

Profit for the year

593,767

Dividends

(417,500

)

At 22 August 2025

489,079

14.	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.