REGISTERED NUMBER: 12344390 (England and Wales)

TCY MACHINERY UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Garvey

M Hsiao

REGISTERED OFFICE:

Glenewes House

Gate Way Drive

Yeadon

Leeds

West Yorkshire

LS19 7XY

REGISTERED NUMBER:

12344390 (England and Wales)

AUDITORS:

BPR Audit Limited

Statutory Auditors

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

FIXED ASSETS

Intangible assets

4

7,608

8,765

Tangible assets

5

291,143

262,531

298,751

271,296

CURRENT ASSETS

Stocks

5,998

5,998

Debtors

6

204,124

553,986

Cash at bank and in hand

50,257

141,766

260,379

701,750

CREDITORS

Amounts falling due within one year

7

1,079,369

1,308,484

NET CURRENT LIABILITIES

(818,990

)

(606,734

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(520,239

)

(335,438

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(520,339

)

(335,538

)

(520,239

)

(335,438

)

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 22 September 2025 and were signed on its behalf by:

R Garvey - Director

1.	STATUTORY INFORMATION

TCY Machinery 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

Basis of preparing the financial statements

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

Going Concern

The going concern assumption is based on the continued support from the parent company, named Tien Chin Yu Machinery Manufacturing Company Limited, for at least twelve months from the statutory accounts sign off date. The parent company has agreed to such support.

Related party exemption

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.

Turnover

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

Commission revenue is contingent upon Tien Chin Yu Machinery Manufacturing Company Limited receiving payment from the end customer for the sale of goods. Consequently revenue is not recognised until payment confirmed.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% and 20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

11,570

AMORTISATION

At 1 January 2024

2,805

Charge for year

1,157

At 31 December 2024

3,962

NET BOOK VALUE

At 31 December 2024

7,608

At 31 December 2023

8,765

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

321,703

Additions

58,917

At 31 December 2024

380,620

DEPRECIATION

At 1 January 2024

59,172

Charge for year

30,305

At 31 December 2024

89,477

NET BOOK VALUE

At 31 December 2024

291,143

At 31 December 2023

262,531

Capital costs committed to not yet incurred at the year end amounted to £Nil (2023 - £58,025).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

204,124

553,986

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,062

3,555

Amounts owed to group undertakings

1,055,847

1,236,194

Taxation and social security

4,671

4,633

Other creditors

16,789

64,102

1,079,369

1,308,484

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

The Report of the Auditors was unqualified.

Martin Garrity FCA, FCCA (Senior Statutory Auditor)

for and on behalf of BPR Audit Limited

9.	PARENT COMPANY

The ultimate parent company of TCY Machinery UK Limited is Tien Chin Yu Machinery Manufacturing Company Limited, a company registered in Taiwan. Copies of group accounts can be obtained from ultimate parent companys' registered office, No.42, Sande Street, Ru-Chu Dist, Taoyuan 33842, Taiwan R.O.C.