| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2025 |
| FOR |
| IMPACT TEACHERS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2025 |
| FOR |
| IMPACT TEACHERS LIMITED |
| IMPACT TEACHERS LIMITED (REGISTERED NUMBER: 05624051) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Accountants' Report | 7 |
| IMPACT TEACHERS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 July 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 10 St Ann Street |
| Salisbury |
| Wiltshire |
| SP1 2DN |
| IMPACT TEACHERS LIMITED (REGISTERED NUMBER: 05624051) |
| BALANCE SHEET |
| 31 July 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| IMPACT TEACHERS LIMITED (REGISTERED NUMBER: 05624051) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2025 |
| 1. | STATUTORY INFORMATION |
| Impact Teachers Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Parent company |
| Impact Teachers Ltd is a wholly owned subsidiary of Impact Global Ltd whose registered office is First Floor, 17 The Esplanade, St Helier, Jersey, JE2 3QA |
| Revenue recognition |
| Revenue is measured at the fair value of the consideration received or receivable for the provision of |
| teaching staff on temporary, short term and long term contracts to schools and local education authorities. |
| Revenue is recognised in accordance with the terms of the individual contract at which time the significant risks and rewards associated with the services provided transfer to the client. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| The assets' residual value, useful life and amortisation method is reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
| Tangible fixed assets |
| Short leasehold | - |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| IMPACT TEACHERS LIMITED (REGISTERED NUMBER: 05624051) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Debtors |
| Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. |
| Creditors |
| Creditors are not interest bearing and are stated at their nominal value. |
| Cash and cash equivalents |
| These comprise cash at bank and other short term highly liquid deposits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Computer |
| software |
| £ |
| COST |
| At 1 August 2024 |
| and 31 July 2025 |
| AMORTISATION |
| At 1 August 2024 |
| Amortisation for year |
| At 31 July 2025 |
| NET BOOK VALUE |
| At 31 July 2025 |
| At 31 July 2024 |
| IMPACT TEACHERS LIMITED (REGISTERED NUMBER: 05624051) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Short | to | and | Computer |
| leasehold | property | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2024 |
| Additions |
| At 31 July 2025 |
| DEPRECIATION |
| At 1 August 2024 |
| Charge for year |
| At 31 July 2025 |
| NET BOOK VALUE |
| At 31 July 2025 |
| At 31 July 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 112,317 | 138,059 |
| Other creditors |
| Directors' current accounts | - | 1 |
| Accrued expenses |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the company paid rent of £33,611 (2024 : £28,234) to a pension scheme whose beneficiaries are the directors, Mr R Rosati and Mrs J Rosati. |
| IMPACT TEACHERS LIMITED (REGISTERED NUMBER: 05624051) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2025 |
| 10. | SHARE-BASED PAYMENT TRANSACTIONS |
| Enterprise Management Incentive (EMI) Employee Share Option Scheme |
| Key employees participate in an Enterprise Management Incentive employee share option scheme which provides the employees the right to purchase shares. |
| Options granted under the scheme are over shares in Impact Global Ltd, a company registered in Jersey that owns 100% of the ordinary issued share capital in Impact Teachers Ltd. |
| The options were granted over C and D ordinary shares with an exercise price of £133.98 and E and F ordinary shares with an exercise price of £107.19. The options expire 10 years after the grant date. Vesting of the options is subject to the employee continuing to work for the company for at least 25 hours a week or 75% of their working time. |
| The company is unable to directly measured the fair value of employee services rendered. The fair value of the share options are therefore measured at the market value of the shares. |
| Share Option Movements during the period to 31 July 2025 |
Number | Weighted average exercise price |
| £ |
| Granted during the year ended 31.07.17 | 1,962 | 120.59 |
| Exercised during the year ended 31.07.17 | 28 | 120.59 |
| Lapsed during the year to 31.07.20 | 1,037 | 120.59 |
| Lapsed during the year to 31.07.24 | 600 | 120.59 |
| Outstanding and exercisable at 31.07.25 | 318 | 120.59 |
| ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| IMPACT TEACHERS LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Impact Teachers Limited for the year ended 31 July 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Impact Teachers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Impact Teachers Limited and state those matters that we have agreed to state to the Board of Directors of Impact Teachers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Impact Teachers Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Impact Teachers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Impact Teachers Limited. You consider that Impact Teachers Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Impact Teachers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 10 St Ann Street |
| Salisbury |
| Wiltshire |
| SP1 2DN |