Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Property, plant and equipment

v3.23.1
Property, plant and equipment
 12 Months Ended
Dec. 31, 2022
Property, plant and equipment

11. Property, plant and equipment

 

   

Facility & Scientific Equipment

£

    

Computer Equipment

£

    

Office Equipment

£

    

Total

£

  
Cost                                
At January 1, 2021     4,882,837       321,051       85,220       5,289,108  
Additions     6,825       12,097       1,111       20,033  
At December 31, 2021     4,889,662       333,148       86,331       5,309,141  
Additions     225,666       15,046       -       240,712  
Disposals     (228,026 )     -       -       (228,026 )
At December 31, 2022     4,887,302       348,194       86,331       5,321,827  
                                 
Depreciation                                
At January 1, 2021     1,932,812       268,392       44,251       2,245,455  
Charge for the year     703,960       44,326       16,745       765,031  
At December 31, 2021     2,636,772       312,718       60,996       3,010,486  
Disposals     (164,380 )     -       -       (164,380 )
Charge for the year     683,592       15,098       15,860       714,550  
At December 31, 2022     3,155,984       327,816       76,856       3,560,656  
                                 
Net book value                                
At December 31, 2022     1,731,318       20,378       9,475       1,761,171  
                                 
At December 31, 2021     2,252,890       20,430       25,335       2,298,655  

 

The depreciation charge for the year is recognized within research and development and administrative expenses in the statements of comprehensive loss. Refer to Note 5 for further details.

 

The net book value of property, plant and equipment held under sale and leaseback arrangements is £36,643 (2021: £325,935).

 

The Group incurred a loss on disposal of equipment totaling £8,646 in the year ended December 31, 2022.