Cookies on the Gambling Commission website

The Gambling Commission website uses cookies to make the site work better for you. Some of these cookies are essential to how the site functions and others are optional. Optional cookies help us remember your settings, measure your use of the site and personalise how we communicate with you. Any data collected is anonymised and we do not set optional cookies unless you consent.

Set cookie preferences

You've accepted all cookies. You can change your cookie settings at any time.

Skip to main content

Report

Annual report and accounts 2024 to 2025

The Gambling Commission's 2024 to 2025 annual report and accounts. For the period 1 April 2024 to 31 March 2025.

7 - Intangible assets

Intangible assets 2024 to 2025

Intangible assets 2024 to 2025
Description IT Software
£ thousands
IT Software licenses
£ thousands
Total
£ thousands
Cost and/or valuation
At 1 April 2024 2,200 0 2,200
At 31 March 2025 2,200 0 2,200
Accumulated amortisation
At 1 April 2024 1,905 0 1,905
Charge in year 194 0 194
Useful economic life (UEL) 0 0 0
Adjustment (11) 0 (11)
At 31 March 2025 2,088 0 2,088
Carrying value at 31 March 2025 132 0 132
Carrying value at 31 March 2024 315 0 315

During 2024 to 2025, a review of all assets and their remaining UEL resulted in a depreciation adjustment to align assets to the depreciation policy.

Intangible assets 2023 to 2024

Intangible assets 2023 to 20242
Description IT Software
£ thousands
IT Software licenses
£ thousands
Websites
£ thousands
Total
£ thousands
Cost and/or valuation
At 1 April 2023 6,534 432 298 7,264
Disposals (4,314) (432) (298) (5,044)
At 31 March 2024 2,220 0 0 2,220
Accumulated amortisation
At 1 April 2023 6,356 432 292 7,080
Charge in year 104 0 6 110
Disposals (4,314) (432) (298) (5,044)
UEL Adjustment (241) 0 0 (241)
At 31 March 2024 1,905 0 0 1,905
Carrying value at 31 March 2024 315 0 0 315
Carrying value at 31 March 2023 178 0 6 184

During 2023 to 2024, a review of all assets and their remaining UEL resulted in a depreciation adjustment to align assets to the depreciation policy.

Previous section
Right of use assets
Next section
Financial instruments
Is this page useful?
Back to top