Review of business The directors present their strategic report for the period from 1 June 2024 to 31 March 2025. The turnover for the period was £16,299,558 (year to May 2024: £20,595,698) with a gross profit of £2,391,312 (year to May 2024: £3,302,950) and a profit before tax of £582,968 (year to May 2024: £781,184). The above information provides an analysis of the key performance indicators and the company's performance in 2025. Margins In the current times clients are often looking for savings and stressing margins. This puts pressure on our teams when price is the main driver in retention and winning of new business in certain markets. This is when our proven growth strategy comes to its fore, as highlighted in our performance to date. We choose to compete in sectors with clients that value innovative solutions. Future Developments The directors remain focused on the vision to be recognised as one of the UK's foremost supplier in each of its operating sectors. Each segment of the business has seen advancement towards this objective during the year. Achieving this in the current turbulent times leads can also lead to a higher risk level. The directors remain alert to the risks prevalent in the political, economic, and commercial environment and continuously monitor these and take steps to minimise or mitigate these risks. Financial Risks As in any sphere of business, financial risk is always there. To combat this the company has strong financial controls, using industry specific software packages to ensure quality of service, improve margins and control costs. The main financial risk to the business would be financial failure within our client base. To mitigate this risk, we have a strong credit control policy on granting of credit and collections. A treasury team is successfully focused on managing these key risks and briefing the Board accordingly. We also have in place bank facilities with our bankers to provide significant levels of headroom to enable us to deal with any likely eventuality.

Community Kingdom has been heavily involved in our local communities since our start in 1993. Our growth has created opportunities to provide trained jobs in many areas of high unemployment. We also engage with the communities in which we operate to build trust and appreciate and understand the local issues of importance to them. We provide national support to organisation involved in domestic abuse and suicide prevention, and the environment, to create awareness of these issues. We partner with local charities and organisations at a site level to raise awareness and support funding. These endeavours are regularly reported back to the Board and highlighted to employees. Diversity The company is committed to a policy of recruitment and promotion based on aptitude and ability, with no discrimination of any kind. Standard of business conduct Since business inception in 1993, Kingdom has stood by an ethos and set of values that are reflected in the way we work. We are recognised across our different sectors as a Group setting the expected high standards. We have a reputation for strong corporate governance, recognised by external audits against a wide range of internationally recognised standards. A crucial core to our business success is to act responsibly as a business, with the highest social, environmental, and ethical standards. We are committed to preventing, and will not countenance, child labour exploitation and acts of modern slavery and human trafficking occurring within our business. We expect the same of our supply chain. As part of our commitment to combating modern slavery, we have adopted a policy which covers our appointment of suppliers. Kingdom will not tolerate bribery and corruption. We ensure all our employees and suppliers are aware of our approach. We have clear and unambiguous policies, provide training to staff on all these subjects, and encourage the reporting of suspicious matters.

The directors recommend that no final dividend be paid. The total distribution of dividends for the year ended 31 March 2025 will be £80,000 (31 May 2024 was £316,685).

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Disclosure Exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Kingdom Services Group Limited which can be obtained from the company's registered office. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel. Judgements and Key Sources of Estimation Uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: - Determination of whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viabilities and expected future financial performance of the asset. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: - Determination of recoverability of trade debts. A specific provision is made against certain debts where in the opinion of the directors there is concern over the recoverability of the debts. Revenue Recognition All revenues arises from the rendering of services. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and VAT. Revenues arising from temporary personnel services are recognised when the services are rendered and timesheets submitted. Revenues from permanent placement services are recognised at the time the candidate begins full-time employment and an allowance is established for non-fulfilment of permanent placement obligations. Where the company acts as a principal in transactions and has risks and rewards of ownership (such as the liability for the cost of temporary personnel and the risk of loss for collection and performance of pricing adjustments), the gross amounts of turnover and cost of sales are recorded. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered. Income Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Operating Leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Tangible Assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Staff numbers above include 698 (2024: 674) for temporary staff and 39 (2024: 40) for administration staff relating to the company. There are costs of temporary staff amounting to £13,908,245 (31 May 2024: £17,292,654) including social security costs and pension costs, which have been shown separately under costs of sales.

Pension contributions totalling £29,086 were outstanding at the reporting date.

There is a fixed and floating charge in favour of RBS Invoice Discounting over all property, assets present and future including goodwill, book debts, uncalled capital buildings fixtures, fixed plant and machinery. This charge was satisfied in full on 28 May 2025. There is also a debenture in favour of National Westminster Bank plc in respect of all assets present and future. This charge was satisfied in full on 11 February 2025.

On 25 September 2025, the company entered into a separate security agreement, in relation to the lending facilities, creating fixed and floating charges over its assets: - a debenture agreement with HSBC UK Bank PLC, acting as security agent, registered with Companies House on 26 September 2025. This floating charge covers all property or undertaking of the company and includes a negative pledge restricting further security creation over the company's assets. This transaction occurred after the reporting date and before the financial statements were authorised for issue, and has not resulted in any adjustments to the financial statements for the current year.

The company is a wholly owned subsidiary of Kingdom Services Group Limited and has taken advantage of the available exemption conferred by section 33.1A of FRS 102 not to disclose transactions with group members due to consolidated accounts being publicly available.