FRANKLIN ELECTRIC UK LTD 16/12/2025 iXBRL

Company registration number: 05606522

(England and Wales)

FRANKLIN ELECTRIC UK LTD

Unaudited filleted financial statements

for the period from 1 April 2025 to

16 December 2025

FRANKLIN ELECTRIC UK LTD

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

FRANKLIN ELECTRIC UK LTD

Directors and other information


	Directors	Michael Deed (resigned 17th December 2025)
		Karen Deed (resigned 17th December 2025)
		Richard Knipe (resigned 17th December 2025)
		Catherine Collins (appointed 17th December 2025)
		Jonathan Grandon (appointed 17th December 2025)
		Hugh Langley (appointed 17th December 2025)


	Secretary	Elizabeth Woodhall (resigned 17th December 2025)


	Company number	05606522


	Registered office	Unit 7 Sovereign Centre
		Farthing Road
		Ipswich
		Suffolk
		IP1 5AP


	Accountants	Griffin Chapman
		4 & 5 The Cedars, Apex 12
		Old Ipswich Road
		Colchester
		Essex
		CO7 7QR

FRANKLIN ELECTRIC UK LTD

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of FRANKLIN ELECTRIC UK LTD

Period ended 16 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FRANKLIN ELECTRIC UK LTD for the period ended 16 December 2025 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of FRANKLIN ELECTRIC UK LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of FRANKLIN ELECTRIC UK LTD and state those matters that we have agreed to state to the board of directors of FRANKLIN ELECTRIC UK LTD as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FRANKLIN ELECTRIC UK LTD and its board of directors as a body for our work or for this report.

It is your duty to ensure that FRANKLIN ELECTRIC UK LTD 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 profit of FRANKLIN ELECTRIC UK LTD. You consider that FRANKLIN ELECTRIC UK LTD is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of FRANKLIN ELECTRIC UK LTD. 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.

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12

Old Ipswich Road

Colchester

Essex

CO7 7QR

7 September 2026

FRANKLIN ELECTRIC UK LTD

Statement of financial position

16 December 2025

		16/12/25		31/03/25
	Note	£	£	£	£

Fixed assets
Tangible assets	5	28,676		38,435
Investments	6	24,810		24,810
		_______		_______
			53,486		63,245

Current assets
Debtors	7	42,794		455,303
Cash at bank and in hand		250,246		384,933
		_______		_______
		293,040		840,236
Creditors: amounts falling due
within one year	8	( 63,756)		( 119,591)
		_______		_______
Net current assets			229,284		720,645
			_______		_______
Total assets less current liabilities			282,770		783,890


Provisions for liabilities			( 4,519)		( 4,519)

			_______		_______
Net assets			278,251		779,371
			_______		_______

Capital and reserves
Called up share capital	9		2,226		2,226
Share premium account	10		78,571		78,571
Profit and loss account	10		197,454		698,574
			_______		_______
Shareholders funds			278,251		779,371
			_______		_______

For the period ending 16 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 03 September 2026 , and are signed on behalf of the board by:

.............................. .............................. ..............................

Hugh Langley Catherine Collins Jonathan Grandon

Director Director Director

.............................. ..............................

Michael Deed Karen Deed

Director Director

Company registration number: 05606522

FRANKLIN ELECTRIC UK LTD

Notes to the financial statements

Period ended 16 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7 Sovereign Centre, Farthing Road, Ipswich, Suffolk, IP1 5AP.

The company changed its name by special resolution on 7 August 2026 from GQS Holdings Ltd to Franklin Electric UK Ltd.

The principal activity of the company continues to be that of central services holding company.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

The company is a central services holding company that charges management charges to its subsidiary and associated companies in respect of their proportion of the costs incurred. Turnover is therefore recognised to the extent that it is cross charged and recoverable to the subsidiary and associated companies. The amount is calculated on a periodic basis to cover the costs incurred plus an appropriate margin, where applicable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Plant and machinery	-	20 %	straight line
Fittings fixtures and equipment	-	20 %	straight line
Computer equipment	-	33 %	straight line

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 18 (2025: 17 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Office equipment	Total
	£	£	£	£
Cost
At 1 April 2025	15,867	37,376	21,344	74,587
Additions	-	-	304	304
	_______	_______	_______	_______
At 16 December 2025	15,867	37,376	21,648	74,891
	_______	_______	_______	_______
Depreciation
At 1 April 2025	2,038	24,554	9,560	36,152
Charge for the year	2,248	3,027	4,788	10,063
	_______	_______	_______	_______
At 16 December 2025	4,286	27,581	14,348	46,215
	_______	_______	_______	_______
Carrying amount
At 16 December 2025	11,581	9,795	7,300	28,676
	_______	_______	_______	_______
At 31 March 2025	13,829	12,822	11,784	38,435
	_______	_______	_______	_______

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 April 2025 and 16 December 2025	24,810	24,810
	_______	_______
Impairment
At 1 April 2025 and 16 December 2025	-	-
	_______	_______
Carrying amount
At 16 December 2025	24,810	24,810
	_______	_______
At 31 March 2025	24,810	24,810
	_______	_______

7. Debtors

	16/12/25	31/03/25
	£	£
Trade debtors	-	332,273
Amounts owed by group undertakings and undertakings in which the company has a participating interest	-	100,899
Other debtors	42,794	22,131
	_______	_______
	42,794	455,303
	_______	_______

8. Creditors: amounts falling due within one year

	16/12/25	31/03/25
	£	£
Trade creditors	2,759	5,852
Corporation tax	-	8,591
Social security and other taxes	18,326	96,801
Other creditors	42,671	8,347
	_______	_______
	63,756	119,591
	_______	_______

9. Called up share capital

Issued, called up and fully paid

	16/12/25		31/03/25
	No	£	No	£
Ordinary shares of £ 0.10 each	22,248	2,225	22,248	2,225
Ordinary B shares of £ 0.10 each	10	1	10	1
	_______	_______	_______	_______
	22,258	2,226	22,258	2,226
	_______	_______	_______	_______

10. Reserves

Profit and loss account:This reserve records retained earnings and accumulated losses.Share premium account: This reserve records the amount above the nominal value received for shares sold, less transaction costs.

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	78,682	78,682
Later than 1 year and not later than 5 years	206,068	262,273
	_______	_______
	284,750	340,955
	_______	_______

The above commitment includes amounts in respect of a sub-lease with a fellow subsidiary of the parent company.

12. Related party transactions

During the period the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	Period	Year	Period	Year
	ended	ended	ended	ended
	16/12/25	31/03/25	16/12/25	31/03/25
	£	£	£	£
Subsidiary companies - Management charges	559,677	773,761	-	298,266
Companies controlled by key management	-	-	-	899
Subsidiary companies - Dividends received	800,000	260,000	-	100,000
Associated companies - Management charges	32,794	122,730	-	34,007
Associated companies - Dividends received	-	62,500	-	-
	_______	_______	_______	_______

The company charged management charges to its subsidiaries and other associated companies during the year and the balances owed from are included in trade debtors.

13. Controlling party

On 17 December 2025, GQS Holdings Ltd became a subsidiary of Franklin Electric Financing Uk Ltd, a company incorporated in England and Wales.