Contractual Assets

Contractual Liabilities

2025
£’000

2024
£’000

2023
£’000

2025
£’000

2024
£’000

2023
£’000

At 1 January

47

–

(1,468

)

–

(197

)

Transfers in the period from contract assets to trade receivables

(47

)

–

Amounts included in contract liabilities that was recognised as revenue during the period

–

197

Amounts included in contract liabilities that was recognised as grant income and netted against the relevant expenses in the period

–

4,458

–

Excess of revenue recognised over cash

39

47

–

Cash received in advance of performance and not recognised as revenue during the period

–

(3,645

)

(1,468

)

–

Foreign exchange

–

85

–

At 31 December

39

47

–

(571

)

(1,468

)

–