Taxation

12 Months Ended

Dec. 31, 2025

Notes and other explanatory information [abstract]

7

Taxation


		2025 £’000				2024 £’000				2023 £’000
Current tax credit
Current tax (charged)/credited to the income statement			(21	)			241				407
Adjustment in respect of prior year			126				9				(1	)
Current tax credit			105				250				406
Deferred tax credit
Reversal of temporary differences			–				–				–
Total tax credit			105				250				406

The reasons for the difference between the actual tax credit for the year and the standard rate of corporation tax in the United Kingdom applied to losses for the year are as follows:


		2025 £’000				2024 £’000				2023 £’000
Loss before tax			(6,489	)			(5,979	)			(7,485	)
Expected tax credit based on the standard rate of United Kingdom corporation tax at the domestic rate of 25% (2024: 25%; 2023: 25.52%)			(1,555	)			(1,495	)			(1,764	)
Expenses not deductible for tax purposes			726				1,069				408
Income not taxable			(212	)			(809	)			(5	)
Adjustment in respect of prior period			(126	)			(9	)			1
Effect of R&D relief			38				100				26
Deferred tax not recognised			1,024				894				928
Total tax credited to the income statement			(105	)			(250	)			(406	)

The taxation credit arises on the enhanced research and development tax credits accrued for the respective periods.