Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.24.1
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

The Company’s intangible assets consist of the following: 

 

    Software     Patents and Licenses     Total  
Cost                        
At January 1, 2022   £ 49,613     £ 588,072     £ 637,685  
Additions     -       124,485       124,485  
At December 31, 2022     49,613       712,557       762,170  
Additions     -       98,436       98,436  
At December 31, 2023     49,613       810,993       860,606  
                         
Amortization                        
At January 1, 2022     39,536       114,572       154,108  
Amortization expense     7,125       47,921       55,046  
At December 31, 2022     46,661       162,493       209,154  
Amortization expense     2,952       33,330       36,282  
At December 31, 2023     49,613       195,823       245,436  
                         
Net book value                        
At December 31, 2023   £ -     £ 615,170     £ 615,170  
                         
At December 31, 2022   £ 2,952     £ 550,064     £ 553,016