ACCOUNTS - Final Accounts preparation

Operating profit/(loss)

The operating profit/(loss) is stated after charging:

Registered number: 01973532

TEMPLE KNIGHT PLC

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

TEMPLE KNIGHT PLC

COMPANY INFORMATION

Directors	R G Chapman
	S R Chapman


Company secretary	R G Chapman


Registered number	01973532


Registered office	Temple Court
	108 - 112 Main Road
	Sundridge
	Kent
	TN14 6ES

TEMPLE KNIGHT PLC

CONTENTS

	Page
Strategic report	1 - 2
Directors' report	3 - 4
Independent auditors' report	5 - 8
Statement of comprehensive income	9
Balance sheet	10
Statement of changes in equity	11 - 12
Statement of cash flows	13
Analysis of net debt	14
Notes to the financial statements	15 - 29

TEMPLE KNIGHT PLC

STRATEGIC REPORT

FOR THE YEAR ENDED 30 APRIL 2026

Introduction

The directors present their strategic report on the accounts for the year ended 30 April 2026.

Business review

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 continues to be 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 2026 continued to be challenging in several respects. The majority of our equipment sales are still subject to finance. Due to the high interest rates being experienced, lending criteria from leasing partners continues to be more stringent which has affected the profitability of the business.

As reported last year, costs of equipment, replacement parts and consumables continued to rise while confidence in the market place remained low.

The company successfully moved to smaller premises in October 2025. Staffing levels continued to reduce and stabilise by the end of the year. The reduction in turnover has been offset, as anticipated by the consequential reduction in overheads.

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 and reduce staff costs.

The company's gross profitability increased slightly to 40.1% this year against a comparative of 39.9%. 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 £139,592 (2025 - £159,200).

Principal risks and uncertainties

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 due to its continued investment in both systems and staff.

Page 1

TEMPLE KNIGHT PLC

STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2026

Financial key performance indicators

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 2026 amounted to £1,771,069 (2025 - £1,863,853). 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 increased to 40.1% (2025 - 39.9%). As noted previously this is a minimal change.

Directors' statement of compliance with duty to promote the success of the Company

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 20 October 2026 and signed on its behalf.

S R Chapman

Director

Page 2

TEMPLE KNIGHT PLC

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 APRIL 2026

The directors present their report and the financial statements for the year ended 30 April 2026.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 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.

Results and dividends

The profit for the year, after taxation, amounted to £7,452 (2025 - loss £56,381).

There has been no dividend declared or proposed during the year (2025 - £Nil).

Directors

The directors who served during the year were:

R G Chapman

S R Chapman

Future developments

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.

Page 3

TEMPLE KNIGHT PLC

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2026

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

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 20 October 2026 and signed on its behalf.

S R Chapman

Director

Page 4

TEMPLE KNIGHT PLC

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TEMPLE KNIGHT PLC

Opinion

We have audited the financial statements of TEMPLE KNIGHT PLC (the 'Company') for the year ended 30 April 2026, which comprise the Statement of comprehensive income, 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 our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 30 April 2026 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 United Kingdom, including the Financial Reporting Council'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.

Page 5

TEMPLE KNIGHT PLC

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TEMPLE KNIGHT PLC (CONTINUED)

Other information

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.

Opinion 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 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.

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 Directors' report.

We have nothing to report in respect of the following matters in relation to which 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 Directors' responsibilities statement set out on page 3, 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 is 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.

Page 6

TEMPLE KNIGHT PLC

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TEMPLE KNIGHT PLC (CONTINUED)

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 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.

Page 7

TEMPLE KNIGHT PLC

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TEMPLE KNIGHT PLC (CONTINUED)

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 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.

Mark Cooper FCA (Senior statutory auditor)

for and on behalf of

CWM

Chartered Accountants

Registered Auditors

1a High Street

Epsom

Surrey

KT19 8DA

20 October 2026

Page 8

TEMPLE KNIGHT PLC

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 APRIL 2026

	2026	2025
Note	£	£


Turnover	4	1,780,339	1,863,853
Cost of sales		(1,066,154)	(1,119,923)
Gross profit		714,185	743,930
Distribution costs		(421,189)	(489,886)
Administrative expenses		(287,349)	(307,755)
Operating profit/(loss)	5	5,647	(53,711)
Interest receivable and similar income	9	3,572	1,791
Interest payable and similar expenses	10	(1,767)	(4,461)
Profit/(loss) before tax		7,452	(56,381)
Profit/(loss) for the financial year		7,452	(56,381)

Other comprehensive income for the year
Total comprehensive income for the year		7,452	(56,381)

The notes on pages 15 to 29 form part of these financial statements.

Page 9

TEMPLE KNIGHT PLC

REGISTERED NUMBER: 01973532

BALANCE SHEET

AS AT 30 APRIL 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	12		74,603		79,785
			74,603		79,785
Current assets
Stocks	13	21,537		47,202
Debtors: amounts falling due within one year	14	161,621		227,161
Current asset investments	15	198,000		198,000
Cash at bank and in hand	16	140,630		159,603
		521,788		631,966
Creditors: amounts falling due within one year	17	(391,400)		(441,884)
Net current assets			130,388		190,081
Total assets less current liabilities			204,991		269,866
Creditors: amounts falling due after more than one year	18		(75,999)		(148,326)

Net assets			128,992		121,540

Capital and reserves
Called up share capital	20	21,876	21,876
Profit and loss account		107,116	99,664
		128,992	121,540

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2026.

R G Chapman	S R Chapman
Director	Director

The notes on pages 15 to 29 form part of these financial statements.

Page 10

TEMPLE KNIGHT PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 APRIL 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 May 2025	21,876	99,664	121,540
Comprehensive income for the year
Profit for the year	-	7,452	7,452
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	7,452	7,452
Total transactions with owners	-	-	-
At 30 April 2026	21,876	107,116	128,992

The notes on pages 15 to 29 form part of these financial statements.

Page 11

TEMPLE KNIGHT PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 APRIL 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 May 2024	21,876	156,045	177,921
Comprehensive income for the year
Loss for the year	-	(56,381)	(56,381)
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	(56,381)	(56,381)
Total transactions with owners	-	-	-
At 30 April 2025	21,876	99,664	121,540

The notes on pages 15 to 29 form part of these financial statements.

Page 12

TEMPLE KNIGHT PLC

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 APRIL 2026

			2026	2025
			£	£

Cash flows from operating activities
Profit/(loss) for the financial year	7,452	(56,381)
Adjustments for:
Depreciation of tangible assets	20,863	28,822
Loss on disposal of tangible assets	(2,711)	1,651
Interest paid	1,767	4,461
Interest received	(3,572)	(1,791)
Decrease in stocks	25,664	59,556
Decrease/(increase) in debtors	65,541	(11,266)
(Decrease) in creditors	(86,714)	(40,948)
Corporation tax received	-	7,660
Net cash generated from operating activities	28,290	(8,236)

Cash flows from investing activities
Purchase of tangible fixed assets	(22,395)	(25,377)
Sale of tangible fixed assets	9,426	-
Interest received	3,572	1,791
Net cash from investing activities	(9,397)	(23,586)
Cash flows from financing activities
Repayment of loans	(35,200)	(35,200)
Repayment of/new finance leases	(899)	(5,392)
Interest paid	(1,767)	(4,461)
Net cash used in financing activities	(37,866)	(45,053)
Net (decrease) in cash and cash equivalents	(18,973)	(76,875)
Cash and cash equivalents at beginning of year	159,603	236,478
Cash and cash equivalents at the end of year	140,630	159,603

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	140,630	159,603
	140,630	159,603

The notes on pages 15 to 29 form part of these financial statements.

Page 13

TEMPLE KNIGHT PLC

ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 30 APRIL 2026


At 1 May 2025	Cash flows	At 30 April 2026
£	£	£

Cash at bank and in hand	159,603	(18,973)	140,630
Debt due after 1 year	(8,883)	8,883	-
Debt due within 1 year	(152,952)	36,727	(116,225)
Finance leases	(899)	899	-
	(3,131)	27,536	24,405

The notes on pages 15 to 29 form part of these financial statements.

Page 14

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

1.Accounting policies

1.1

Basis of preparation of financial statements

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:

1.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 15

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

1.Accounting policies (continued)

1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

1.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

1.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 16

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

1.Accounting policies (continued)

1.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

1.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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:

Plant and machinery	-	33%	straight line basis
Motor vehicles	-	25%	reducing balance basis
Fixtures and fittings	-	15%	reducing balance basis
Office equipment	-	33%	straight line basis
Computer equipment	-	33%	straight line 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.

1.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 17

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

1.Accounting policies (continued)

1.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

1.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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 or 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.

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

Page 18

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

1.Accounting policies (continued)

1.14

Financial instruments (continued)

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.

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.

The Company classifies financial liabilities from its supplier finance arrangements as trade creditors as the arrangements have not substantively changed the payment dates and other contractual terms compared to the underlying trade creditors. The related cash flows are included in operating activities in the cash flow statement

Derivative financial instruments

Derivative financial instruments are initially measured at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss.

The methods and significant assumptions used to ascertain the fair value of £x and fair value movement of £x included in the profit / loss for the year are [enter text here].

The Company uses derivatives to [insert detail of nature and extent]. Significant terms and conditions that may affect the amount, timing and certainty of future cash flows include [enter text here].

Derecognised assets/liabilities

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flows expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of

Page 19

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

1.Accounting policies (continued)

1.14

Financial instruments (continued)

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.

Offsetting

Financial assets and liabilities are offset and the net amount presented in the statement of financial position only when the Company has a legally enforceable right to set off the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.	General information

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..

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will therefore seldom equal the related actual results. The significant estimates and assumptions are detailed below.

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.

Page 20

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

Turnover

An analysis of turnover by class of business is as follows:
	2026	2025
	£	£

Sales and repairs	1,718,092	1,822,005
Copier rentals	62,247	41,848
	1,780,339	1,863,853

Analysis of turnover by country of destination:

					2026	2025
					£	£

United Kingdom	1,780,339	1,863,853
	1,780,339	1,863,853

	Exchange differences	(71)	(17)
	Other operating lease rentals	79,429	77,235

Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements

8,000

7,000

Page 21

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

Wages and salaries	337,807	415,342
Social security costs	49,597	42,886
Cost of defined contribution scheme	6,414	8,635
	393,818	466,863

The average monthly number of employees, including the directors, during the year was as follows:

	2026	2025
	No.	No.

Directors	2	2
Other	7	10

	9	12

8.	Directors' remuneration
		2026	2025
		£	£

Directors' emoluments	91,855	91,945
	91,855	91,945

9.	Interest receivable
		2026	2025
		£	£

	Other interest receivable	3,572	1,791
		3,572	1,791

Page 22

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

10.	Interest payable and similar expenses
		2026	2025
		£	£

	Bank interest payable	1,767	4,461
		1,767	4,461

11.	Taxation

Profit/(loss) on ordinary activities before tax

7,452

(56,381)

Profit/(loss) on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025 - 25%)	1,863	(14,095)
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	940	2,696
Capital allowances for year in excess of depreciation	(2,012)	(424)
Utilisation of tax losses	(791)	-
Unrelieved tax losses carried forward	-	11,823
Total tax charge for the year	-	-

Factors that may affect future tax charges

The company has trading losses to set against future trading profits amounting to £134,753.

Page 23

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

12.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 May 2025	112,246	25,411	276,481	118,681	532,819
Additions	21,230	-	-	1,165	22,395
Disposals	(1,532)	(25,411)	-	-	(26,943)
At 30 April 2026	131,944	-	276,481	119,846	528,271
Depreciation
At 1 May 2025	94,002	17,504	225,921	115,607	453,034
Charge for the year on owned assets	11,784	1,211	6,032	1,835	20,862
Disposals	(1,513)	(18,715)	-	-	(20,228)
At 30 April 2026	104,273	-	231,953	117,442	453,668
Net book value
At 30 April 2026	27,671	-	44,528	2,404	74,603
At 30 April 2025	18,244	7,907	50,560	3,074	79,785

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2026	2025
	£	£


Motor vehicles	-	7,907
	-	7,907

Page 24

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

13.	Stocks
		2026	2025
		£	£

Raw materials and consumables	2,253	9,280
Finished goods and goods for resale	19,284	37,922
	21,537	47,202

14.

Debtors

					2026	2025
					£	£


Trade debtors	146,867	188,437
Other debtors	6,698	3,901
Prepayments and accrued income	8,056	34,823
	161,621	227,161

15.	Current asset investments
		2026	2025
		£	£

Unlisted investments	198,000	198,000
	198,000	198,000

16.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	140,630	159,603
	140,630	159,603

Page 25

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

17.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	8,884	35,200
Trade creditors	86,367	95,791
Other taxation and social security	11,853	39,887
Obligations under finance lease and hire purchase contracts	-	899
Other creditors	107,394	131,083
Accruals and deferred income	176,902	139,024
	391,400	441,884

The following liabilities were secured:
	2026	2025
	£	£


Bank loans	8,884	35,200
Obligations under finance lease and hire purchase contracts	-	899
	8,884	36,099

Details of security provided:

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.

Page 26

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

18.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	-	8,883
Accruals and deferred income	75,999	139,443
	75,999	148,326

The following liabilities were secured:
	2026	2025
	£	£


Bank loans	-	8,883
	-	8,883

Details of security provided:

Amounts falling due within one year
Bank loans	8,884	35,200
	8,884	35,200
Amounts falling due 1-2 years
Bank loans	-	8,883
	-	8,883


	8,884	44,083

Page 27

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

20.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

12,500 (2025 - 12,500) A Ordinary shares shares of £1.00 each	12,500	12,500
1 (2025 - 1) B Ordinary shares share of £1.00	1	1

	12,501	12,501

Allotted, called up and partly paid

37,500 (2025 - 37,500) A Ordinary shares shares of £1.00 each	9,375	9,375

21.	Pension commitments

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 £6,414 (2025 - £8,635). Contributions totalling £1,224 (2025 - £1,599) were payable to the fund at the balance sheet date.

Not later than 1 year	13,711	-
Later than 1 year and not later than 5 years	23,572	73,605
	37,283	73,605

Page 28

TEMPLE KNIGHT PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

23.

Related party transactions

Included in administrative expenses is rent of £17,699 (2025 - £40,284) paid to a pension fund in which Mr R Chapman, a director of the company, has a material interest.

Included in creditors falling due within one year is an amount of £20,000 (2025 - £20,000) due to the pension fund.

Included in creditors falling due within one year is an amount of £105,377 (2025 - £114,374) due to Mr R G Chapman and an amount of £740 (2025 - £1,779) due to Mr S Chapman, the company directors.

Included in creditors falling due within one year is an amount of £1,691 (2025 - £Nil) due to The Chapman Partnership, a partnership in which Mr R G Chapman has a material interest.

Included in administrative expenses are charges for rent and ancilliary costs by The Chapman Partnership in the sum of £21,837.

24.	Controlling party

The company is controlled by Mr R G Chapman.

Page 29