Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

INTANGIBLE ASSETS (Tables)

v3.25.1
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2023   £ 49,613     £ 712,557     £ 762,170  
Additions     -       98,436       98,436  
At December 31, 2023     49,613       810,993       860,606  
Additions     -       28,913       28,913  
Write off of intangible assets     -       (165,635 )     (165,635 )
At December 31, 2024     49,613       674,271       723,884  
                         
Amortization                        
At January 1, 2023     46,661       162,493       209,154  
Amortization expense     2,952       33,330       36,282  
At December 31, 2023     49,613       195,823       245,436  
Amortization expense     -       50,682       50,682  
Write off of intangible assets - amortization     -       (38,496 )     (38,496 )
At December 31, 2024     49,613       335,149       384,762  
                         
Net book value                        
At December 31, 2024   £ -     £ 466,262     £ 466,262  
                         
At December 31, 2023   £ -     £ 615,170     £ 615,170