Reigniting growth - Annual Report and Accounts 2024

Financial Statements

Strategic Report

Governance Report

Other Information

19. Net deferred tax liabilities continued

The change in deferred income tax liabilities during the year is as follows:

Accelerated capital allowances on research and development £’000

Intangible asset amortisation £’000

Total £’000

Deferred tax liabilities At 1 July 2022

389

7,570 1,520

7,959 1,520 (1,051)

Additional liability on acquisition of client relationship intangible assets Credit to the Consolidated statement of comprehensive income

(117)

(934)

Over provision in prior year

584 856

584

At 30 June 2023

8,156

9,012

62

(1,427)

(1,365)

Credit to the Consolidated statement of comprehensive income

At 30 June 2024

918

6,729

7,647

2024 £’000

2023 £’000

Deferred tax liabilities Deferred tax liabilities to be settled after more than one year Deferred tax liabilities to be settled within one year

(6,641) (1,006) (7,647)

(7,777) (1,235) (9,012)

Total deferred tax liabilities

20. Trade and other receivables

2024 £’000 2,899

2023 £’000 2,820

Trade receivables Other receivables

496

1,452

25,666 29,061

Prepayments and accrued income

29,270 33,542

Total current trade and other receivables

The credit risk balance is immaterial in relation to trade receivables; refer to Note 31(c) for details on the credit risk assessment. Accrued income includes portfolio management fee income for the quarter ended 30 June 2024, outstanding at the Consolidated statement of financial position date.

Brooks Macdonald Group plc Annual Report and Accounts 2024

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