We combine the formalisms of Floquet theory and full counting statistics with a Markovian embedding strategy to access the dynamics and thermodynamics of a periodically driven thermal machine beyond the conventional Born-Markov approximation. The working medium is a two-level system and we drive the tunneling as well as the coupling to one bath with the same period. We identify four different operating regimes of our machine which include a heat engine and a refrigerator. As the coupling strength with one bath is increased, the refrigerator regime disappears, the heat engine regime narrows and their efficiency and coefficient of performance decrease. Furthermore, our model can reproduce the setup of laser cooling of trapped ions in a specific parameter limit. [35,36], redefined system-reservoir partitions (collective coordinate (CC) mappings) [37-41], a quantum absorption refrigerator [42], quenched thermodynamic protocols [43,44] and the derivation of an exact expression for the entropy production of a finite arbitrary system in contact with one or several thermal reservoirs [45], but none of which were applied to periodically driven machines so far. Exceptions are [46] and [47]. In [46] a polaron transformation and Floquet theory were used to include arbitrary strong coupling effects but only as long as the rotating wave approximation for the system Hamiltonian and the Markovian approximation for the reservoir hold. In [47] a periodically driven three-level heat engine was studied using the numerical method of hierarchy of equations of motion, an approach that is based in a decomposition of the bath correlation function rather than an explicit representation of the bath. For this reason, access to more general, thermodynamically relevant thermal transport properties requires a tailored solution [48].However, none of the aforementioned methods was successfully applied to the combinations of problems we want to tackle: a driven system coupled to multiple heat reservoirs with a possibly strong, driven and non-Markovian coupling. To achieve this we combine three methods: a CC mapping [49,50], Floquet theory for open systems [14,21] and full counting statistics [51]. This novel and unique combination provides access to steady state thermodynamics lifting the restriction of common assumptions such as a very fast driving, Markovian and weakly coupled reservoirs, and the secular approximation. First, in the CC mapping, we identify a collective degree of freedom in the reservoir, sometimes referred to as reaction coordinate [52] that is responsible for the strong coupling and non-Markovian effects. Second, using Floquet theory, we derive a master equation for the original system plus CC and apply full counting statistics methods to obtain the change in energy of the reservoirs unambiguously. This strategy allows us to perform a consistent thermodynamic analysis of periodically driven thermal machines. Furthermore, it also allows us to accurately treat periodic time dependencies in the interaction between system and res...