Taxation (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Taxation [Abstract]

Schedule of Tax Credit

Tax credit

	Year ended December 31			Year ended December 31			Year ended December 31
	2022 £’000			2021 £’000			2020 £’000
Current tax:
Adjustment in respect of prior years		-			190			-
Deferred tax:
Origination and reversal of timing differences		(5,997	)		(3,867	)		(969	)
Adjustment in respect of prior years		-			191			-
Effect of tax rate change on opening balance		(1,355	)		1,324			-
Tax credit		(7,352	)		(2,162	)		(969	)

Schedule of Tax Credit on Profit and Loss

The tax credit for the year can be reconciled to the statement of profit and loss as follows:

	Year ended December 31			Year ended December 31			Year ended December 31
	2022 £’000			2021 £’000			2020 £’000
Loss before tax from continuing operations		(525,474	)		(531,454	)		(99,847	)
Loss before tax from discontinued operations		(188,422	)		(17,759	)		(3,809	)
Current corporation tax rate of 19%		(99,840	)		(98,727	)		(18,971	)
Impact of difference in overseas tax rates		(17	)		-			-
Expenses not deductible for tax purposes		977			55,356			1,238
Adjustment in respect of previous periods		-			381			-
Impact of rate change		(1,355	)		1,402			-
Deferred tax asset not recognized		35,867			64,336			17,733
Impact of share scheme		9,089			-			-
Impairment of goodwill		47,927			-			-
Utilization of deferred tax previously unrecognized		-			(23,862	)		-
Difference between corporation tax and deferred tax rate		-			(423	)		-
Benefit of tax incentives		-			(625	)		-
Research and development claim – prior year		-			-			(969	)
Tax credit		(7,352	)		(2,162	)		(969	)

Schedule of Deferred Tax

Deferred tax

	At December 31			At December 31
	2022 £’000			2021 £’000
Deferred tax assets
Share-based payments		622			10,822
Losses		506			2,081
Short-term timing differences		-			119
Other temporary differences		-			67
Total deferred tax assets recognized		1,128			13,089
Deferred tax liabilities
Fixed asset temporary differences		-			(5,280	)
Intangible asset differences		-			(6,632	)
Other temporary differences		(1,128	)		(1,263	)
Total deferred tax liabilities		(1,128	)		(13,175	)
Deferred tax liabilities, net		-			(86	)

Schedule of Deferred Tax Liabilities

Reconciliation of deferred tax liabilities, net

	£’000
At December 31, 2020		-
Income tax recognized in the income statement		6,084
Prior year adjustments		(191	)
Business combinations		(13,404	)
Equity		7,425
At December 31, 2021		(86	)
Income tax recognized in the income statement		9,989
Prior year adjustments		23
Business combinations		(2,501	)
Equity		(7,425	)
At December 31, 2022		-

Schedule of Income Tax Expense in the Interim Condensed Consolidated Statement of Profit or Loss

The major components of income tax credit in the interim condensed consolidated statement of profit or loss are:

	Six months ended June 30 2023 £’000		Six months ended June 30 2022 £’000
Current income tax expense		—		—
Deferred income tax credit relating to origination and reversal of temporary differences		—		6,319
Income tax credit recognized in statement of profit or loss		—		6,319