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REGISTERED NUMBER: 05817938 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ATEN UK LIMITED

ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024










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 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,145 29,326

CURRENT ASSETS
Stocks 287,441 352,809
Debtors 5 451,624 524,555
Cash at bank 346,204 521,736
1,085,269 1,399,100
CREDITORS
Amounts falling due within one year 6 838,045 1,329,761
NET CURRENT ASSETS 247,224 69,339
TOTAL ASSETS LESS CURRENT LIABILITIES 281,369 98,665

PROVISIONS FOR LIABILITIES 8 133,320 -
NET ASSETS 148,049 98,665

CAPITAL AND RESERVES
Called up share capital 9 850,000 650,000
Retained earnings (701,951 ) (551,335 )
SHAREHOLDERS' FUNDS 148,049 98,665

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 21 February 2025 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 2024


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
Motor vehicles - 25% 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 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

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 derecognised when (a) the contractual rights to the cash flows from the asset
expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are
transferred to another party or (c) despite having retained some significant risks and rewards of
ownership, control of the asset has been transferred to another party who has the practical ability to
unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other payables, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

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.

ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 104,385 122,159 - 226,544
Additions - 1,435 24,975 26,410
At 31 December 2024 104,385 123,594 24,975 252,954
DEPRECIATION
At 1 January 2024 85,498 111,720 - 197,218
Charge for year 13,045 4,644 3,902 21,591
At 31 December 2024 98,543 116,364 3,902 218,809
NET BOOK VALUE
At 31 December 2024 5,842 7,230 21,073 34,145
At 31 December 2023 18,887 10,439 - 29,326

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 385,027 457,922
Other debtors 27,507 27,507
Prepayments and accrued income 39,090 39,126
451,624 524,555

ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 335,000 635,000
Trade creditors 10,297 8,310
Amounts owed to group undertakings 370,916 462,400
VAT 91,271 99,958
Other creditors 1,554 57,550
Accruals and deferred income 29,007 66,543
838,045 1,329,761

The company has an unsecured short term loan facility with Fubon 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:
2024 2023
£    £   
Within one year 32,357 117,520
Between one and five years 10,166 41,665
42,523 159,185

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions 133,320 -

Other
provisions
£   
Dilapidations provision 133,320
Balance at 31 December 2024 133,320

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
850,000 Ordinary £1 850,000 650,000

200,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

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

The Report of the Auditors was unqualified.

Rebecca Pickard FCCA (Senior Statutory Auditor)
for and on behalf of TC Group

ATEN UK LIMITED (REGISTERED NUMBER: 05817938)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


11. 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.

12. 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.