| Schedule of trade and other receivables |
| | | | | | | | | | | | | 2024
£’000 | | 2023 £’000 (Restated) (1) | | Trade receivables | £ | 149,855 | | | £ | 143,336 | | | Prepayments | 11,499 | | | 11,055 | | | Accrued income | 14,194 | | | 13,160 | | | Research and development tax credit | 4,884 | | | 3,013 | | | Grant receivable | 4,892 | | | 2,877 | | | Other receivables | 8,349 | | | 6,109 | | | Total trade and other receivables | £ | 193,673 | | | £ | 179,550 | |
(1) Restated to include the effects of revisions arising from provisional to final acquisition accounting for DEK and Mudbath (refer to note 3C for details). The following table presents the trade receivables and accrued income ageing intervals and the allocation of the expected credit loss allowance as of 30 June 2024 and 30 June 2023: | | | | | | | | | | | | | | | | | | | 2024
£’000 | | 2023 £’000 (Restated) (1) | | Trade receivables and accrued income - gross | Expected credit loss allowance | | Trade receivables and accrued income - gross | Expected credit loss allowance | | Current | 137,482 | | (66) | | | 136,229 | | (248) | | | 1 - 30 days overdue | 11,759 | | (1) | | | 8,032 | | (147) | | | 31 - 60 days overdue | 9,045 | | (126) | | | 6,532 | | (104) | | | 61 - 90 days overdue | 2,605 | | (87) | | | 2,447 | | (71) | | | Over 90 days overdue | 6,222 | | (2,784) | | | 7,750 | | (3,924) | | | Total | 167,113 | | (3,064) | | | 160,990 | | (4,494) | |
The gross and net amounts of trade receivables and accrued income were as follows: | | | | | | | | | | | | | 2024
£’000 | | 2023 £’000 (Restated) (1) | | Trade receivables - gross | £ | 152,919 | | | £ | 147,830 | | | Expected credit loss allowance | (3,064) | | | (4,494) | | | Trade receivables - net | £ | 149,855 | | | £ | 143,336 | |
(1) Restated to include the effects of revisions arising from provisional to final acquisition accounting for DEK and Mudbath (refer to note 3C for details). | | | | | | | | | | | | | 2024
£’000 | | 2023
£’000 | | Accrued income - gross | £ | 14,194 | | | £ | 13,160 | | | Expected credit loss allowance | — | | | — | | | Accrued income - net | £ | 14,194 | | | £ | 13,160 | |
Movements in the expected credit loss allowance were as follows: | | | | | | | | | | | | | 2024
£’000 | | 2023
£’000 | | As at 1 July | £ | 4,494 | | | £ | 4,023 | | | Provided in the year | 2,570 | | | 6,181 | | | Released in the year | (2,228) | | | (5,249) | | | Utilised in the year | (1,665) | | | (301) | | | Effect of foreign exchange translations | (107) | | | (160) | | | As at 30 June | £ | 3,064 | | | £ | 4,494 | |
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