10. Provision for liabilities

	Dilapidations £000s
At 1 january 2007	–
Raised during the year	121
At 31 December 2007	121

The provision booked during the year relates to dilapidations which have been identified on several buildings leased by the company. These provisions will be utilised over a period of seven years.

11. Deferred taxation

	31 Dec 2007 £000s	31 Dec 2006 £000s
Movement on deferred taxation:
Net asset at beginning of year	267	14
Transferred to profit and loss (with respect to current year)	377	253
Net asset at year end	644	267

Deferred taxation balances comprise:

	31 Dec 2007 £000s	31 Dec 2006 £000s
Short term timing differences	407	223
Depreciation in excess of capital allowances	237	44
Deferred tax asset	644	267

12. Share capital

	Number	Authorised Value £000s	Number	Allotted and fully paid Value £000s
Ordinary shares of 3p each
At 1 January 2007	240,000,000	7,200	205,445,957	6,163
At 31 December 2007	240,000,000	7,200	210,632,004	6,319

Full details of the share capital of the Company are detailed in Note 20 of the Consolidated Financial Statements.