These eleven words must be placed along the laurel wreath. One has already been placed.
BOUND, CLOSED, COMPANY, DARK, GATE, GREAT, KING, LAST, MANY, PAST, WHITE
Half of the image component acts as clue toward the answer, the other half is merely aesthetic.
The laurel wreath might be made into a clue if it were instead a chain with six links.
Theoretically, we could add a twelfth word to the puzzle, but there is no word that would meet the puzzle's restrictions.
A theoretical twelfth word would go between & connect both ends of the laurel, making a ring around the outside.