Notes to the consolidated financial statements For the year ended 30 June 2024
14. Property, plant and equipment
Fixtures, fittings
IT equipment £’000
Leasehold improvements £’000
and office equipment £’000
Total £’000
Cost At 1 July 2022
2,688
741
1,246
4,675
Additions Disposals
477
74
194
745
(19)
(173)
(474) 966
(666)
At 30 June 2023
3,146
642
4,754
13
47
23
83
Additions Disposals
(11)
(3)
(3)
(17)
At 30 June 2024
3,148
686
986
4,820
Accumulated depreciation At 1 July 2022
1,131 535
513 102
829 187
2,473
Depreciation charge
824
Depreciation on disposals
(19)
(173)
(474)
(666)
At 30 June 2023
1,647
442
542 190
2,631
571
95
856
Depreciation charge
(11)
(3)
(3)
(17)
Depreciation on disposals
At 30 June 2024
2,207
534
729
3,470
Net book value At 1 July 2022 At 30 June 2023 At 30 June 2024
1,557 1,499
228 200 152
417 424 257
2,202 2,123 1,350
941
During the year ended 30 June 2024, the Group conducted a review of the property, plant and equipment assets and retired assets from the fixed asset register with a £nil net book value, and no longer used in the business. This resulted in disposals of property, plant and equipment with cost and accumulated depreciation both totalling £17,000.
Property, plant and equipment net book value totalling £1,062,000 at 30 June 2024 are recognised in the United Kingdom and £288,000 are recognised in the Channel Islands.
138 Brooks Macdonald Group plc Annual Report and Accounts 2024
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