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REGISTERED NUMBER: 05817938 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ATEN UK LIMITED

ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ATEN UK LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Mr Sun Chung Chen
Mr Yung-Da Lin
Mr Ching-Uei Tyan





SECRETARY: Mr Yung-Da Lin





REGISTERED OFFICE: 466 Malton Avenue
Slough
Berkshire
SL1 4QU





REGISTERED NUMBER: 05817938 (England and Wales)





AUDITORS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,326 31,420

CURRENT ASSETS
Stocks 352,809 410,169
Debtors 5 524,555 500,411
Cash at bank 521,736 506,917
1,399,100 1,417,497
CREDITORS
Amounts falling due within one year 6 1,329,761 1,226,259
NET CURRENT ASSETS 69,339 191,238
TOTAL ASSETS LESS CURRENT LIABILITIES 98,665 222,658

CAPITAL AND RESERVES
Called up share capital 8 650,000 650,000
Retained earnings (551,335 ) (427,342 )
SHAREHOLDERS' FUNDS 98,665 222,658

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





Mr Sun Chung Chen - Director


ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Aten UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Compliance with accounting standards
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

These financial statements have been prepared in accordance with the provisions of Section 1A "Smaller Entities" of Financial Reporting Standard FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

Going concern
The company is dependent on ongoing financial support of its ultimate parent company, Aten International Co., Limited, to which the parent has committed. The parent has in place funding to finance short term working capital and growth.

The directors consider the likelihood of failing to access sufficient funds to be remote and therefore consider the use of the going concern basis of preparation of the financial statements to be appropriate.

The directors have considered the impact of the current economic climate in relation to their assessment of going concern and in their opinion have taken all reasonable steps to mitigate these factors. As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 25% on cost and 10% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost is valued on a FIFO basis.

ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loan's to related parties and investments in ordinary shares.

Short term debtors and creditors are measured at the transaction price. Other financial instruments, including loans, 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.

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2023 97,869 113,698 211,567
Additions 6,516 8,461 14,977
At 31 December 2023 104,385 122,159 226,544
DEPRECIATION
At 1 January 2023 73,539 106,608 180,147
Charge for year 11,959 5,112 17,071
At 31 December 2023 85,498 111,720 197,218
NET BOOK VALUE
At 31 December 2023 18,887 10,439 29,326
At 31 December 2022 24,330 7,090 31,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 457,922 430,881
Other debtors 27,507 27,507
Prepayments and accrued income 39,126 42,023
524,555 500,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 635,000 635,000
Trade creditors 8,310 17,568
Amounts owed to group undertakings 462,400 380,553
VAT 99,958 116,352
Other creditors 57,550 24,169
Accruals and deferred income 66,543 52,617
1,329,761 1,226,259

The company has an unsecured short term loan facility with Taishin Bank. There are no fixed repayment dates and the loan is renewable every year.

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 117,520 117,664
Between one and five years 41,665 145,886
159,185 263,550

ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
650,000 Ordinary £1 650,000 650,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Antonia Aldridge-Brown FCCA (Senior Statutory Auditor)
for and on behalf of TC Group

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Aten Europe Limited, which is incorporated in England & Wales. The ultimate controlling party is Aten International Co., Limited, which is incorporated in Taiwan, Republic of China.

Published financial statements of Aten International Co., Limited are available for inspection at company registered office address at 3F, No 125, Sec 2, Datung Road, Sijhih City, Taiwan, R.O.C.