VAT Receivable and Tax Credits |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
| Trade and other current receivables [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| VAT Receivable and Tax Credits | Note 7 — VAT Receivable and Tax Credits
Total VAT receivable as of March 31, 2026 consisted of $27,112 of receivable that has not been filed with the HM Revenues & Customs (HMRC) in the United Kingdom. Total VAT receivable as of March 31, 2025 consisted of $30,654 of receivable that has yet to be filed with the HM Revenues & Customs (HMRC) in the United Kingdom.
For the years ended March 31, 2026 and 2025, the Company received $900,240 and $136,661 in research and development tax credits from the HMRC, respectively. The credit is from qualified expenses paid by the Company on behalf of research and development projects approved by the HMRC. |
|||||||||||||||||||||||||||||||||||||||||||||