Caseware UK (AP4) 2023.0.135 2023.0.135 truefalse3truetruetruetruetrue2023-01-01trueHolding company3truefalse 00584476 2023-01-01 2023-12-31 00584476 2022-01-01 2022-12-31 00584476 2023-12-31 00584476 2022-12-31 00584476 2022-01-01 00584476 c:CompanySecretary1 2023-01-01 2023-12-31 00584476 c:Director1 2023-01-01 2023-12-31 00584476 c:Director2 2023-01-01 2023-12-31 00584476 c:Director3 2023-01-01 2023-12-31 00584476 c:RegisteredOffice 2023-01-01 2023-12-31 00584476 d:CurrentFinancialInstruments 2023-12-31 00584476 d:CurrentFinancialInstruments 2022-12-31 00584476 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00584476 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00584476 d:ShareCapital 2023-01-01 2023-12-31 00584476 d:ShareCapital 2023-12-31 00584476 d:ShareCapital 2022-01-01 2022-12-31 00584476 d:ShareCapital 2022-12-31 00584476 d:ShareCapital 2022-01-01 00584476 d:SharePremium 2023-01-01 2023-12-31 00584476 d:SharePremium 2023-12-31 00584476 d:SharePremium 2022-01-01 2022-12-31 00584476 d:SharePremium 2022-12-31 00584476 d:SharePremium 2022-01-01 00584476 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 00584476 d:CapitalRedemptionReserve 2023-12-31 00584476 d:CapitalRedemptionReserve 2022-01-01 2022-12-31 00584476 d:CapitalRedemptionReserve 2022-12-31 00584476 d:CapitalRedemptionReserve 2022-01-01 00584476 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 00584476 d:RetainedEarningsAccumulatedLosses 2023-12-31 00584476 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 00584476 d:RetainedEarningsAccumulatedLosses 2022-12-31 00584476 d:RetainedEarningsAccumulatedLosses 2022-01-01 00584476 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00584476 c:OrdinaryShareClass1 2023-12-31 00584476 c:OrdinaryShareClass1 2022-12-31 00584476 c:EntityHasNeverTraded 2023-01-01 2023-12-31 00584476 c:FRS102 2023-01-01 2023-12-31 00584476 c:Audited 2023-01-01 2023-12-31 00584476 c:FullAccounts 2023-01-01 2023-12-31 00584476 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00584476 d:Subsidiary1 2023-01-01 2023-12-31 00584476 d:Subsidiary1 1 2023-01-01 2023-12-31 00584476 d:Subsidiary2 2023-01-01 2023-12-31 00584476 d:Subsidiary2 1 2023-01-01 2023-12-31 00584476 d:Subsidiary3 2023-01-01 2023-12-31 00584476 d:Subsidiary3 1 2023-01-01 2023-12-31 00584476 d:Subsidiary4 2023-01-01 2023-12-31 00584476 d:Subsidiary4 1 2023-01-01 2023-12-31 00584476 d:Subsidiary5 2023-01-01 2023-12-31 00584476 d:Subsidiary5 1 2023-01-01 2023-12-31 00584476 d:Subsidiary8 2023-01-01 2023-12-31 00584476 d:Subsidiary8 1 2023-01-01 2023-12-31 00584476 d:Subsidiary9 2023-01-01 2023-12-31 00584476 d:Subsidiary9 1 2023-01-01 2023-12-31 00584476 d:Subsidiary10 2023-01-01 2023-12-31 00584476 d:Subsidiary10 1 2023-01-01 2023-12-31 00584476 d:Subsidiary11 2023-01-01 2023-12-31 00584476 d:Subsidiary11 1 2023-01-01 2023-12-31 00584476 d:Subsidiary19 2023-01-01 2023-12-31 00584476 d:Subsidiary19 1 2023-01-01 2023-12-31 00584476 6 2023-01-01 2023-12-31 00584476 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00584476










Amphenol-Borg Limited










Annual report and financial statements

For the year ended 31 December 2023



 
Amphenol-Borg Limited
 

Company Information


Directors
L Walter 
R A Norwitt 
C A Lampo 




Company secretary
Lance Edward D'Amico



Registered number
00584476



Registered office
Thanet Way
Whitstable

Kent

CT5 3JF




Independent auditors
Kreston Reeves LLP
Chartered Accountants & Statutory Auditor

37 St Margaret's Street

Canterbury

Kent

CT1 2TU





 
Amphenol-Borg Limited
 

Contents



Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditors' report
5 - 8
Profit and loss account
9
Balance sheet
10
Statement of changes in equity
11
Notes to the financial statements
12 - 16


 
Amphenol-Borg Limited
 

Strategic report
For the year ended 31 December 2023

Introduction
 
The directors present their strategic report on the affairs of Amphenol-Borg Limited ("the company"), together with the audited financial statements.
The company is a wholly owned subsidiary of Amphenol Commercial and Industrial UK, Limited. 

Business review
 
During the year, the company remained dormant as defined in section 1169 of the Companies Act 2006. The company is considered a large company due to the company size of its subsidiaries and therefore required to undertake an audit. 
The directors have obtained confirmation from the parent company that it is their intention to continue to provide financial support to the company for a period of 12 months from the date of signing of the financial statements.
Further information in respect of the performance of the company's investments are held in those investments' relevant financial statements.

Principal risks and uncertainties
 
The main risks and uncertainties affecting the company are consistent with those affecting its investments and hence the value of those investments. 
The company's activities expose it to a number of financial risks including cash flow risk and credit risk.
As part of the Amphenol group of companies, Amphenol-Borg Limited is subject to corporate guidance and controls in the areas of treasury and risk management. The company does not use financial derivatives to manage any of these risks nor for speculative purposes.
Cash flow risk
The company is not exposed to financial risks of foreign currency exchange rates.
Credit risk
The company's principal financial assets are intra group receivables and investments. No significant credit risk exists on these items due to the strength of the group companies.
The company makes use of its parent company treasury department in respect of interest rate risk and exchange rate risk. None of this risk is passed down to the company. Credit risk is managed through the use of external credit reference agencies. The company does not enter into speculative derivative transactions.

Financial key performance indicators
 
As the company is only a holding company and not a trading company, the board does not rely on any financial key performance indicators.

Future developments
 
The company is expected to continue being dormant for future years.

Page 1

 
Amphenol-Borg Limited
 

Strategic report (continued)
For the year ended 31 December 2023

Directors' statement of compliance with duty to promote the success of the company
 
The directors of the Amphenol group have acted in accordance with their duties which include their duty to act in the way in which they consider to be in good faith and to promote the success of the group for the benefit of its members as a whole having regard to the stakeholders and matters set out in section 172(1) of the Companies Act 2006.
The group produces a strategic plan that contains financial projections for the next 3 years. The directors of the group review this and in doing so have regard to a variety of matters including the interests of stakeholders, reputation of the group and consequences of their decisions in the long term. 
Amphenol-Borg Limited is a dormant company within the Amphenol group and as a non-trading company sections b-f of S172(1) are not relevant. 


This report was approved by the board on 30 July 2024 and signed on its behalf.



C A Lampo
Director

Page 2

 
Amphenol-Borg Limited
 

 
Directors' report
For the year ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

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 judgements 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 2006They 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 £NIL (2022 - £NIL).

The directors do not recommend the payment of a dividend for the year ended 31 December 2023 (2022: £NIL). 

Directors

The directors who served during the year were:

L Walter 
R A Norwitt 
C A Lampo 

Engagement with suppliers, customers and others

As the company is only a holding company and not a trading company, there are no suppliers, customers and others to engage with. The balances held on the balance sheet are with group companies. 

Matters covered in the Strategic report

Disclosures in respect of the future developments have been included as part of the strategic report. 

Page 3

 
Amphenol-Borg Limited
 

 
Directors' report (continued)
For the year ended 31 December 2023

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 auditorsKreston Reeves LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 30 July 2024 and signed on its behalf.
 





C A Lampo
Director

Page 4

 
Amphenol-Borg Limited
 

 
Independent auditors' report to the members of Amphenol-Borg Limited
 

Opinion


We have audited the financial statements of Amphenol-Borg Limited (the 'company') for the year ended 31 December 2023, which comprise the Profit and loss account, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe 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 31 December 2023 and of its result 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.


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 ReportOur 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.


Page 5

 
Amphenol-Borg Limited
 

 
Independent auditors' report to the members of Amphenol-Borg Limited (continued)


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

 
Amphenol-Borg Limited
 

 
Independent auditors' report to the members of Amphenol-Borg Limited (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:

Capability of the audit in detecting irregularities, including fraud
Based on our understanding of the company and industry, and through discussion with the directors and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were management bias in accounting estimates and judgemental areas such as the valuation of investments. Audit procedures performed by the engagement included:
• Discussions with management and assessment of known or suspected instances of non-compliance with   laws and regulations (including health and safety) and fraud; and
• Assessment of identified fraud risk factors; and
• Confirmation of related parties with management, and review of transactions throughout the period to    identify any previously undisclosed transactions with related parties outside the normal course of     business. 


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


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

 
Amphenol-Borg Limited
 

 
Independent auditors' report to the members of Amphenol-Borg Limited (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 2006Our 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.







Tracey Becker (Senior statutory auditor)
  
for and on behalf of
Kreston Reeves LLP
 
Chartered Accountants
Statutory Auditor
  
Canterbury

31 July 2024
Page 8

 
Amphenol-Borg Limited
 

Profit and loss account
For the year ended 31 December 2023

The company has not traded during the year or the preceding financial year. During these periods, the company received no income and incurred no expenditure and therefore made neither profit or loss.

The notes on pages 12 to 16 form part of these financial statements.

Page 9

 
Amphenol-Borg Limited
Registered number: 00584476

Balance sheet
As at 31 December 2023

2023
2022
Note
£000
£000

Fixed assets
  

Investments
 5 
7,652
7,652

  
7,652
7,652

Current assets
  

Debtors: amounts falling due within one year
 6 
12,591
12,591

  
12,591
12,591

Creditors: amounts falling due within one year
 7 
(5,673)
(5,673)

Net current assets
  
 
 
6,918
 
 
6,918

Total assets less current liabilities
  
14,570
14,570

  

Net assets
  
14,570
14,570


Capital and reserves
  

Called up share capital 
 8 
1,209
1,209

Share premium account
 9 
925
925

Capital redemption reserve
 9 
92
92

Profit and loss account
 9 
12,344
12,344

  
14,570
14,570


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2024.






C A Lampo
Director

The notes on pages 12 to 16 form part of these financial statements.

Page 10

 
Amphenol-Borg Limited
 

Statement of changes in equity
For the year ended 31 December 2023


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£000
£000
£000
£000
£000


At 1 January 2022
1,209
925
92
12,344
14,570



Profit for the year
-
-
-
-
-
Total comprehensive income for the year
-
-
-
-
-



At 1 January 2023
1,209
925
92
12,344
14,570



Profit for the year
-
-
-
-
-
Total comprehensive income for the year
-
-
-
-
-


At 31 December 2023
1,209
925
92
12,344
14,570


The notes on pages 12 to 16 form part of these financial statements.

Page 11

 
Amphenol-Borg Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Amphenol-Borg Limited is a limited liability company incorporated in England with registration number 00584476. The address of the registered office is Thanet Way, Whitstable, Kent, CT5 3JF. 
The company's principal activity continues to be a holding company. A list of the company's subsidiary undertakings can be seen at note 5.

2.Accounting policies

 
2.1

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 company's functional and presentational currency is Pounds Sterling. 
The company's financial statements are presented to the nearest thousand pound.
The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Amphenol Corporation as at 31 December 2023 and these financial statements may be obtained from Amphenol Corporation, 358 Hall Avenue, Wallingford, CT 06492, USA.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

Page 12

 
Amphenol-Borg Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

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 receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Page 13

 
Amphenol-Borg Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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.


3.


Auditors' remuneration

2023
2022
£000
£000

Fees payable to the company's auditors and their associates for the audit of the company's financial statements
3
3

The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.
The audit fees have been borne by other group companies in both this and the preceding year and not recharged. 


4.


Employees




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


        2023
        2022
            No.
            No.







Directors
3
3


5.


Fixed asset investments





Investments in subsidiary companies

£000



Cost or valuation


At 1 January 2023
7,652



At 31 December 2023
7,652




Page 14

 
Amphenol-Borg Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

Subsidiary undertakings


The following were subsidiary undertakings of the company:

Name

Principal activity

Class of shares

Holding

Pyle-National Limited
Dormant
Ordinary
100%
Amphenol Limited
Manufacturer of connectors and connector systems, flat cable and unit assemblies
Ordinary
100%
Spectra Strip Limited
Dormant
Ordinary
100%
Amphenol-Borg Pension Trustees Limited
Trustee company
Ordinary
100%
Martec Limited
Manufacturer of hermetics
Ordinary
100%
Ionix Systems Limited
Manufacturer of wireless devices
Ordinary
100%
Ionix Systems Ou
Manufacture of electrical and electronic equipment for motor vehicles
Ordinary
100%
Amphenol Thermometrics (UK) Limited
Manufacturer of thermistors and surge protection devices
Ordinary
100%
Jaybeam Limited
Design and manufacture of telecommunication antenna systems
Ordinary
100%
Amphenol Invotec Limited
Manufacture of aerospace, defence and industrial applications
Ordinary
100%

The registered office of all the above companies is Thanet Way, Whitstable, Kent, CT5 3JF with the exception of the following: 
Name            Registered office
Ionix Systems Limited         Prospect House Taylor Business Park, Risley, Warrington, WA3 6H
Ionix Systems Ou          Pikk Street 59b, 93815 Kuressaare, Estonia 
Amphenol Thermometrics         Crown Industrial Estate, Priorswood Road, Taunton, Somerset, TA2 8QY 
(UK) Limited
Jaybeam Limited          Rutherford Drive, Park Farm South, Wellingborough, Northants, NN8 6AX
Amphenol Invotec Limited         Hedging Lane, Dosthill, Tamworth, Staffordshire, B77 5HH
 

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Amphenol-Borg Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

6.


Debtors

2023
2022
£000
£000


Amounts owed by group undertakings
12,591
12,591

12,591
12,591



7.


Creditors: Amounts falling due within one year

2023
2022
£000
£000

Amounts owed to group undertakings
5,673
5,673

5,673
5,673



8.


Share capital

2023
2022
£000
£000
Allotted, called up and fully paid



1,209,000 (2022 - 1,209,000) Ordinary shares of £1.00 each
1,209
1,209



9.


Reserves

Share premium account

This reserve records the amount above the nominal value received for shares issued by the company. Share premium may only be utilised to write-off any expenses incurred or commissions paid on the issue of those shares, or to pay up new shares to be allotted to members as fully paid bonus shares.

Capital redemption reserve

This reserve records the nominal value of shares repurchased by the company.

Profit and loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company’s shareholders.


10.


Controlling party

The immediate parent company is Amphenol Commercial and Industrial UK, Limited, a company incorporated in England and Wales.   
The ultimate parent company and controlling entity is Amphenol Corporation, a company incorporated in the United States of America. Copies of the consolidated financial statements can be obtained from Amphenol Corporation, 358 Hall Avenue, Wallingford, CT 06492, USA. 

Page 16