Page 84 - Beeks Financial Cloud Group Annual Report 2021

82 Beeks Financial Cloud Group PLC For the year ended 30 June 2021

Notes to the Consolidated Financial Statements

2021 2020
£000 £000

The split of fixed and intangible asset are summarised as follows:
Deferred tax liabilities (617) (531)
Deferred tax asset 896 380
Total deferred tax 279 (151)
Movements

Opening balance (151) 88
Charged to profit or loss (note 8) 345 (94)
Charged to goodwill/equity 85 (145)
Closing balance 279 (151)

The movement in deferred income tax assets and liabilities during the year is as follows:

Tax Total Total
losses Accelerated deferred deferred
Share carried tax tax tax
Options forward depreciation asset liability
£000 £000 £000 £000 £000

At July 2019 - 35 101 136 (48)
Charge to income - 152 (46) 106 (200)
Charge to equity - - - - -
Deferred tax on acquired assets - 138 - 138 (283)
As at 30 June 2020 - 325 55 380 (531)
Charge to income 138 305 (12) 431 (86)
Charge to equity 85 - - 85 -
FINANCE
As at 30 June 2021 223 630 43 896 (617)

2021 2020
12. CURRENT ASSETS - TRADE AND OTHER RECEIVABLES £000 £000

Trade receivable 1,032 791
Less: allowance for impairment of receivables (19) (20)
1,013 771
Prepayments 723 721
Contract asset 191 -
Other taxation 241 -

Other receivables 42 33
2,210 1,525