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REGISTERED NUMBER: 03128537 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ANHYDRITEC LIMITED

ANHYDRITEC LIMITED (REGISTERED NUMBER: 03128537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANHYDRITEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G Galdon-Witte
J Arcaraz-Basaguren


REGISTERED OFFICE: Unit 221
Europa Boulevard
Westbrook
Warrington
Cheshire
WA5 7TN


REGISTERED NUMBER: 03128537 (England and Wales)


SENIOR STATUTORY AUDITOR: Michael Benson


AUDITORS: Murray Smith LLP
Chartered Accountants
Statutory Auditor
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU


BANKERS: BNP Paribas
10 Harewood Avenue
London
NW1 6AA

ANHYDRITEC LIMITED (REGISTERED NUMBER: 03128537)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 369,882 354,761

CURRENT ASSETS
Stocks 5 730,886 910,615
Debtors 6 2,168,450 3,146,935
Cash in hand 396 290
2,899,732 4,057,840
CREDITORS
Amounts falling due within one year 7 1,546,431 2,606,567
NET CURRENT ASSETS 1,353,301 1,451,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,723,183

1,806,034

PROVISIONS FOR LIABILITIES 9 86,785 86,745
NET ASSETS 1,636,398 1,719,289

CAPITAL AND RESERVES
Called up share capital 10 200,105 200,105
Profit and loss account 1,436,293 1,519,184
SHAREHOLDERS' FUNDS 1,636,398 1,719,289

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 4 March 2025 and were signed on its behalf by:





G Galdon-Witte - Director


ANHYDRITEC LIMITED (REGISTERED NUMBER: 03128537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Anhydritec 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.

Turnover
Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

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 - 33% on cost and 10% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost and 20% on cost

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

Stocks
Stocks are stated at the lower of cost and net realisable value, which is based on estimated selling price, less the costs expected to be incurred to completion and disposal. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

ANHYDRITEC LIMITED (REGISTERED NUMBER: 03128537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction or, if hedged, at the forward contract rate. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date, or if appropriate, at the forward contract rate.

Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of the business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on the present value basis.

Dividends
A dividend distribution to the company's shareholders is recognised when it is paid or, if it hasn't been paid, as a liability in the reporting period in which the dividends are declared.

Government grants
Grants are included in the profit and loss account on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown on the balance sheet. Where income is received in advance of meeting any performance-related conditions there is not unconditional entitlement to the income and its recognition is deferred and included in creditors as deferred income until the performance-related conditions are met. Where entitlement occurs before income is received, the income is accrued.

ANHYDRITEC LIMITED (REGISTERED NUMBER: 03128537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are measured at the present value of management's best estimate of the expenditure required to settle the present obligation at the end of the reporting period, and are discounted to present value where the effect is material.

Employee benefits
(a) Wages and salaries and annual leave
Liabilities for wages and salaries and annual leave are recognised and are measured as the amount unpaid at the reporting date at current pay rates in respect of employees' services up to that date. They are expected to be settled within one year.

(b) Pensions
The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and the post-retirement benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 808,570 7,620 65,911 882,101
Additions 56,929 9,788 - 66,717
At 31 December 2024 865,499 17,408 65,911 948,818
DEPRECIATION
At 1 January 2024 460,736 5,461 61,143 527,340
Charge for year 45,605 3,167 2,824 51,596
At 31 December 2024 506,341 8,628 63,967 578,936
NET BOOK VALUE
At 31 December 2024 359,158 8,780 1,944 369,882
At 31 December 2023 347,834 2,159 4,768 354,761

5. STOCKS
2024 2023
£    £   
Stocks 730,886 910,615

ANHYDRITEC LIMITED (REGISTERED NUMBER: 03128537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,909,264 1,720,363
Other debtors 28 86
Amounts due from group undertakings 171,382 1,373,928
Prepayments 87,776 52,558
2,168,450 3,146,935

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 667,871 638,549
Corporation tax 12,189 290,594
Social security and other taxes 294,611 317,505
Amounts due to group undertakings 426,429 1,231,947
Accrued expenses 145,331 127,972
1,546,431 2,606,567

8. LEASING AGREEMENTS
The following operating lease payments are committed to be paid:

Land and buildings Other operating leases
2024 2023 2024 2023
£ £ £ £
Expiring:
Within one year 27,779 27,779 42,591 35,662
Between one and five years 32,409 60,188 47,206 61,670
60,188 87,967 89,797 97,332

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 86,785 86,745

Deferred
tax
£   
Balance at 1 January 2024 86,745
Charge to Income Statement during year 40
Balance at 31 December 2024 86,785

ANHYDRITEC LIMITED (REGISTERED NUMBER: 03128537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 "A" Ordinary £1 100 100
5 "B" Ordinary £1 5 5
200,000 "A" Redeemable £1 200,000 200,000
200,105 200,105

The company has the right, at any time, to redeem the 'A' redeemable shares at par.

The non-voting 'B' ordinary shares do not entitle the holders to receive notice of or to attend or vote at any general meeting of the company.

All shares rank pari-passu in all other respects.

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

The Report of the Auditors was unqualified.

Michael Benson (Senior Statutory Auditor)
for and on behalf of Murray Smith LLP

12. RELATED PARTY DISCLOSURES

As a subsidiary of Minerales y Productos Derivados S.A., the company has taken advantage of the exemption from disclosing transactions with other members of the group headed by Minerales y Productos Derivados S.A..

13. ULTIMATE CONTROLLING PARTY

The group in which the results of the company are consolidated is that headed by Minerales y Productos Derivados S.A ., incorporated in Spain. The group financial statements of Minerales y Productos Derivados S.A.,
the company's ultimate parent undertaking, are available to the public and may be obtained from their website at
www.minersa.com.