Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT (Tables)

v3.24.1
PROPERTY, PLANT AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT BALANCES

The Company’s property, plant and equipment balances consist of the following:

 

    Facilities & Scientific Equipment     Computer Equipment     Office Equipment     Total  
Cost                                
At January 1, 2022   £ 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  
Additions     91,724       18,629       -       110,353  
Disposals     -       -        -        -  
At December 31, 2023   £ 4,979,026     £ 366,823     £ 86,331     £ 5,432,180  
                                 
Depreciation                                
At January 1, 2022   £ 2,636,772     £ 312,718     £ 60,996     £ 3,010,486  
Disposals     (164,380 )     -       -       (164,380 )
Depreciation expense     683,592       15,098       15,860       714,550  
At December 31, 2022     3,155,984       327,816       76,856       3,560,656  
Depreciation expense     575,233       13,947       7,546       596,726  
At December 31, 2023   £ 3,731,217     £ 341,763     £ 84,402     £ 4,157,382  
                                 
Net book value                                
At December 31, 2023   £ 1,247,809     £ 25,060     £ 1,929     £ 1,274,798  
                                 
At December 31, 2022   £ 1,731,318     £ 20,378     £ 9,475     £ 1,761,171