Notes to the financial statements

29 DEFERRED TAXATION

	Group		Company
	2008 £m	2007 £m	2008 £m	2007 £m
Deferred tax asset recoverable after one year	4.6	4.6	4.6	4.6
Deferred tax assets	4.6	4.6	4.6	4.6

The gross movement on the deferred tax account is as follows:

	Group
	2008 £m	2007 £m
At 1 April	4.6	7.5
Income statement charge for year	–	0.1
Businesses sold	–	(3.0)
At 31 March	4.6	4.6

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

	Accelerated
	tax	Other
	depreciation	movements	Total
For the year ended 31 March	£m	£m	£m
At 1 April 2006	0.3	7.2	7.5
(Charged)/credited to income statement	(0.3)	0.4	0.1
Businesses sold	–	(3.0)	(3.0)
At 31 March 2007 and 31 March 2008	–	4.6	4.6

Deferred tax assets are recognised for tax losses carried forward and other timing differences to the extent that the realisation of the related tax benefit through utilisation against future taxable profits is probable. The Group has not recognised deferred income tax assets of £46.5 million (2007: £62.7 million). Total UK tax losses carried forward amount to £98.0 million (2007: £107.2 million). If conditions permit then these losses will be recognised and utilised in future periods.