Reigniting growth - Annual Report and Accounts 2024

Financial Statements

Strategic Report

Governance Report

Other Information

19. Net deferred tax liabilities continued

2023 Total £’000

UK £’000

CI £’000

Deferred tax assets Share-based payments

2,333

2,333

Trading losses carried forward

363

363 119 164

Dilapidations

92

27

Accelerated capital allowances Total deferred tax assets

164

2,589

390

2,979

Deferred tax liabilities Intangible asset amortisation

(7,404)

(752)

(8,156)

Accelerated capital allowances on research and development

(856)

(856)

Total deferred tax liabilities

(8,260)

(752)

(9,012)

Net deferred tax liabilities

(5,671)

(362)

(6,033)

The gross movement on the deferred income tax account during the year was as follows:

2024 £’000

2023 £’000 (4,957)

(6,033)

At 1 July

Additional liability on acquisition of client relationship intangible assets (Note 10) Credit to the Consolidated statement of comprehensive income (Note 9)

(1,520)

1,574

779

(935)

Charge recognised in equity

(335)

At 30 June

(5,394)

(6,033)

Brooks Macdonald Group plc Annual Report and Accounts 2024

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