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REGISTERED NUMBER: SC682178 (Scotland)




















GR Clinical Psychology Ltd

Unaudited Financial Statements

for the Period

26 November 2020 to 31 March 2022






GR Clinical Psychology Ltd (Registered number: SC682178)






Contents of the Financial Statements
for the Period 26 November 2020 to 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GR Clinical Psychology Ltd

Company Information
for the Period 26 November 2020 to 31 March 2022







DIRECTORS: R Bent
Dr P A M Bent





REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AT





REGISTERED NUMBER: SC682178 (Scotland)





ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX

GR Clinical Psychology Ltd (Registered number: SC682178)

Balance Sheet
31 March 2022

Notes £    £   
FIXED ASSETS
Intangible assets 4 8,000
Tangible assets 5 594
8,594

CURRENT ASSETS
Debtors 6 6,100
Cash at bank 11,836
17,936
CREDITORS
Amounts falling due within one year 7 13,938
NET CURRENT ASSETS 3,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,592

PROVISIONS FOR LIABILITIES 113
NET ASSETS 12,479

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 12,379
12,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GR Clinical Psychology Ltd (Registered number: SC682178)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2022 and were signed on its behalf by:





Dr P A M Bent - Director


GR Clinical Psychology Ltd (Registered number: SC682178)

Notes to the Financial Statements
for the Period 26 November 2020 to 31 March 2022

1. STATUTORY INFORMATION

GR Clinical Psychology Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of psychology services provided.

Revenue from psychology services is recognised when the service has been provided and all obligations to the customers under the agreement have been fulfilled.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment 25% Straight-line

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GR Clinical Psychology Ltd (Registered number: SC682178)

Notes to the Financial Statements - continued
for the Period 26 November 2020 to 31 March 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it
is probable the company will be required to settle the obligations, and a reliable estimate can be
made of the obligations. The amount recgonised as a provision is the best estimate of the
consideration required to settle the present obligation at the end of the reporting period, taking into
account the risks and uncertainties surrounding the obligation.

Going concern
The accounts have been prepared on a going concern principle which assumes that the company will continue to trade in the foreseeable future. The directors' going concern assessment includes the expected impact of COVID-19 to the company for a period of at least 12 months from the date of signing of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 10,000
At 31 March 2022 10,000
AMORTISATION
Charge for period 2,000
At 31 March 2022 2,000
NET BOOK VALUE
At 31 March 2022 8,000

GR Clinical Psychology Ltd (Registered number: SC682178)

Notes to the Financial Statements - continued
for the Period 26 November 2020 to 31 March 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 792
At 31 March 2022 792
DEPRECIATION
Charge for period 198
At 31 March 2022 198
NET BOOK VALUE
At 31 March 2022 594

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 6,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 12,118
Other creditors 1,820
13,938