XML 58 R39.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Taxation (Tables)
12 Months Ended
Dec. 31, 2023
Taxation [Abstract]  
Schedule of Taxation
   Year Ended December 31, 
   2023
$’000
   2022
$’000
   2021
$’000
 
Group            
Current year tax (credit)   449    
-
    (3,255)
Adjustments due to prior periods   
-
    
-
    (15)
Total tax (credit) for the period   449    
-
    (3,240)
                
The tax charge for the year is different from the standard rate of corporation tax in the United Kingdom of 19%. The difference can be reconciled as follows:               
Loss before taxation   (17,242)   (15,397)   (26,657)
Loss charged at standard rate of corporation tax 23.52% 2023 19%2021/22   (4,055)   (2,926)   (5,065)
Movement in unrecognized deferred tax   3,194    2,319    1,722 
Expenses not deductible for taxation   3,961    1,036    1,550 
Adjustments due to prior periods   449    
-
    (15)
Research and development claim   
-
    
-
    (1,401)
Income not taxable for tax purposes   (3,113)   (495)   (61)
Fixed asset differences   
-
    (1)   
-
 
Current Tax - Other   13    
-
    
-
 
Adjustments to brought forward values   
-
    67    
-
 
Consolidation adjustment in relation to foreign exchange movements   
-
    
-
    
-
 
    449    
-
    (3,240)