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Registered number:
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
COMPANY INFORMATION
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TEMPLE KNIGHT PLC
CONTENTS
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TEMPLE KNIGHT PLC
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The directors present their strategic report on the accounts for the year ended 30 April 2025.
The company’s principal activity continues to be managed print services and maintenance agreements for photocopiers and printers covering London, the Southeast and, for key accounts, the United Kingdom and Europe.
Most of our business is gained through selling via leasing companies and financial services. We also offer, as we have done historically, repairs for business equipment, consumable sales, and third party service. Additionally, we offer telecoms within our portfolio of services. Trading conditions in the year ended 30 April 2025 continued to be challenging in several respects. The majority of our equipment sales are subject to finance. Due to the high interest rates being experienced, lending criteria from leasing partners have become more stringent which has affected the profitability of the business. Furthermore, costs of equipment, replacement parts and consumables continued to rise with confidence in the market place remaining low. During this financial year the company has made changes to its operational procedures due to the changing way technology has altered business practices. As a result, staffing levels have reduced, and the company has planned a further move to smaller premises. The anticipated reduction in turnover is also being offset by a reduction in overheads, putting the business in a strong position for the future whatever the economic climate The Directors continue to be satisfied with the company’s systems in place for handling maintenance agreements. The software integrates with the equipment via the internet. This enables efficient billing and the ability to identify on a timely basis when consumables and service are required. This is an example of investment which has facilitated the company in making internal operational changes referred to above. The company's gross profitability decreased slightly to 39.9% this year against a comparative of 41.9%. This is a negligible change. The company continues to maintain a positive current asset position. The company has continued to ensure customers pay within the agreed credit facilities. The company has maintained its aim to maintain liquidity and cash at bank at the end of each month is still over £100,000 ensuring the smooth running of the business. At the balance sheet date, this amounted to £159,200 (2024 £236,478).
The principal risk to the company from sales and maintenance continues to be that of potential bad debts. The company undertakes credit checks on all customers prior to fulfilling any order. Bad debts have been substantially reduced in recent years.
The directors recognise the importance of their staff. Both the technical knowledge of the engineers and the business development managers' ability to understand the best solutions help to maintain good client relationships. The ability to attract and retain good staff is essential and continues to be seen as a real challenge. The company has been able to maintain most of the increased turnover seen last year due to its continued investment in both systems and staff.
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TEMPLE KNIGHT PLC
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
The company's key performance indicator is a daily sales report. This is manifested in the turnover figure at the end of the year which for 2025 amounted to £1,863,853 (2024 - £2,465,493). The company has tight control over its overheads and is aware of its break even daily sales target.
The company's gross profit percentage has decreased to 39.9% (2024 - 41.9%). As noted previously this is a minimal change.
The following paragraphs comprise our section 172 statement, outlining how the directors have, in performing their duties over the course of the year, had regard to the matters set out in Section 172(1)(a) to (f) of the Companies Act 2006.
The company's customers are fundamental to the success of the business and its growth. We are constantly re- evaluating our customers' needs which has resulted in recent years with a move away from outright purchase to the leasing of machines with charges based upon usage. Our customers demand support to ensure their printing and scanning system is operational all of the time. For this reason we provide a next day response for onsite repairs and maintenance, with the ability to replace machines if necessary while off site repairs are carried out. The company's suppliers also play a vital role in the delivery of our service. Payment terms are adhered to as part of our recognising their role. We also value the long standing association we have with many of our suppliers. The directors believe long standing associations aid the success of both parties.
This report was approved by the board on 24 October 2025 and signed on its behalf.
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TEMPLE KNIGHT PLC
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The directors present their report and the financial statements for the year ended 30 April 2025.
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙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 to 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.
The loss for the year, after taxation, amounted to £56,381 (2024 - loss £126,235).
During the year the company declared dividends amounting to £Nil (2024 - £1,000).
The directors who served during the year were:
The company still expects an increase in the number of machines rented to clients along with outright purchase as well as a continued growth in pay per click sales.
Turnover has increased significantly through investment in its direct sales team. The new level of turnover is expected to be consolidated over the next year.
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TEMPLE KNIGHT PLC
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
There have been no significant events affecting the Company since the year end.
The auditors, CWM, will be proposed for reappointment in accordance with section 489 of the Companies Act 2006.
This report was approved by the board on
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TEMPLE KNIGHT PLC
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TEMPLE KNIGHT PLC
We have audited the financial statements of TEMPLE KNIGHT PLC (the 'Company') for the year ended 30 April 2025, which comprise the Statement of comprehensive income, the Analysis of net debt, the Balance sheet, the Statement of cash flows, the Statement of changes in equity and the related notes, 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 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.
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TEMPLE KNIGHT PLC
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TEMPLE KNIGHT PLC (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
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 Directors' report.
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TEMPLE KNIGHT PLC
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TEMPLE KNIGHT PLC (CONTINUED)
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 an Auditors' report 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
As part of designing our audit approach, we determined a materiality level and assessed the risks of material misstatement in the financial statements, including how fraud may occur through enquiries of management regarding its assessment of the areas and liklihood of fraud. We looked at the areas where subjective judgements were made by management. In particular we looked at significant accounting estimates which were the result of assumptions made and based upon future events which are inherently uncertain. We also considered the effect of potential financial and other pressures, opportunity and motivations for fraud. We identified the use of internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management motitor these procedures. As part of our audit we reviewed and tested journals, key estimates and judgements made by management. Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularites, including fraud. We considered the risk of management override of internal controls and carried out tests to to evaluate this. Our audit procedures are designed to identify risks of material misstatement, recognising that risks of not detecting such material misstatements due to fraud is greater then the risk due to error, due to the fact that fraud may well involve deliberate concealment. The audit procedures have inherent limitations. The further removed that non-compliance with laws and regulations are from the events and transactions included in the financial statements, the less likely we are to detect it.
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 Auditors' report.
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TEMPLE KNIGHT PLC
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TEMPLE KNIGHT PLC (CONTINUED)
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 an Auditors' report 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.
for and on behalf of
Chartered Accountants
Registered Auditors
1a High Street
Surrey
KT19 8DA
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TEMPLE KNIGHT PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
REGISTERED NUMBER: 01973532
BALANCE SHEET
AS AT 30 APRIL 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 16 to 31 form part of these financial statements.
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TEMPLE KNIGHT PLC
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024
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TEMPLE KNIGHT PLC
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
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TEMPLE KNIGHT PLC
ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
1.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
Functional and presentation currency
Transactions and balances
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
1.Accounting policies (continued)
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
1.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as set out below.
Depreciation is provided on the following basis:
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.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
1.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
1.Accounting policies (continued)
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
1.Accounting policies (continued)
subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
The company is a public limited company incorporated in England and Wales. Its principal place of
business is situated at Temple Court, 112 Main Road, Sundridge, Kent TN14 6ES.. Revenue Recognition The majority of the maintenance contract income relates to single year contracts and is treated as income of the year in which the charge is made. Contracts relating to more than one year are time apportioned over the life of the agreement which is usually three years. The income relating to future years is therefore deferred.
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Analysis of turnover by country of destination:
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
11.Taxation (continued)
The company has trading losses to set against future trading profits amounting to £137,920.
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Obligations under finance lease and hire purchase contracts are secured on the motor vehicles to which they relate.
The bank loans are secured by a fixed and floating charge over the assets of the company.
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Obligations under finance lease and hire purchase contracts are secured on the motor vehicles to which they relate.
The bank loans are secured by a fixed and floating charge over the assets of the company.
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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TEMPLE KNIGHT PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,635 (2024 - £10,688). Contributions totalling £1,599 (2024 - £1,773) were payable to the fund at the balance sheet date.
The company is controlled by Mr R G Chapman.
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TEMPLE KNIGHT PLC
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