| Schedule of detailed information about components of income tax expense |
Schedule of detailed information about components of income tax expense
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Year ended December 31,
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Year ended December 31,
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Year ended December 31, |
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2022 |
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2021 |
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2020 |
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£ |
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£ |
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£ |
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| Current tax |
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| Corporation tax credit |
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1,720,000 |
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1,407,542 |
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|
|
1,171,928 |
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| Total current tax credit |
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|
1,720,000 |
|
|
|
1,407,542 |
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|
|
1,171,928 |
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| Reconciliation of loss before tax to the tax credit for the year |
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| Loss before tax |
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3,109,706 |
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14,983,467 |
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6,629,844 |
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| Loss on ordinary activities multiplied by the standard rate of tax of 19% (2021: 19%
and 2020: 19%) |
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590,844 |
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2,846,859 |
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1,259,670 |
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| Adjustments in respect of prior years |
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154,422 |
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- |
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- |
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| Non-deductible expenses |
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(1,834,581 |
) |
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(1,641,974 |
) |
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(4,556 |
) |
| Super deductions |
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13,178 |
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|
- |
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|
- |
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| Deferred tax movement on unrecognized fixed asset differences |
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- |
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(103,418 |
) |
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(157,728 |
) |
| Deferred tax movement on unrecognized timing differences |
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|
(671,566 |
) |
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|
42,462 |
|
|
|
2,660 |
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| Deferred tax movement on share-based payments |
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|
- |
|
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|
- |
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(152,895 |
) |
| Deferred tax asset not recognized |
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|
(186,879 |
) |
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(342,227 |
) |
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(278,753 |
) |
| Additional allowance in respect of enhanced R&D relief |
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4,198,115 |
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1,042,213 |
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|
868,918 |
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| Surrender of tax losses for R&D tax credit refund |
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(2,109,111 |
) |
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(1,843,915 |
) |
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(1,537,316 |
) |
| R&D tax credits generated |
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|
1,565,578 |
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1,407,542 |
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1,171,928 |
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| Current tax credit |
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1,720,000 |
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|
|
1,407,542 |
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|
1,171,928 |
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