Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Basic and diluted income per share (Tables)

v3.23.3
Basic and diluted income per share (Tables)
 6 Months Ended
Jun. 30, 2023
Notes and other explanatory information [abstract]  
Summary of basic and diluted earnings per share

    June 30,     June 30,  
    Six months ended  
    June 30,     June 30,  
    2023     2022  
    £     £  
Income for the period     353,582       512,658  
Basic weighted average number of shares outstanding (1)     3,030,825       551,923  
Basic and diluted weighted average number of shares outstanding (1)     3,488,575       674,398  
                 
Basic income per share     0.12       0.93  
Diluted income per share     0.10       0.76  

 

  (1) On November 18, 2022, the Company undertook a reverse share split such that fifty issued ordinary shares were exchanged for one new share. The outstanding shares presented above reflect the fifty for one reverse share split.
Schedule of anti-dilutive weighted average shares

The following potential shares, presented to reflect the fifty for one reverse share split noted above are anti-dilutive and are therefore excluded from the weighted average number of shares for the purpose of diluted income per share:

 

    2023     2022  
   

Six months ended

June 30,

    

Six months ended

June 30,

  
    2023     2022  
    Number of shares     Number of shares  
Convertible loan notes – assuming all loan notes are converted to equity     856,253       33,768  
2021 Share Option Scheme     7,934       52,305  
Warrants in issue     7,083,037       318,443  
Dilutive effect securities     7,947,224       404,516