Filleted

Registration number: 08434120

Pragmatic HR Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 8

Pragmatic HR Limited

Company Information

Directors

Mr M C Timbrell Mrs S E Timbrell

Company secretary

Mrs S E Timbrell

Registered office

Llys Deri Parc Pensarn Carmarthen SA31 2NF

Pragmatic HR Limited

(Registration number: 08434120)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	9,219	3,809
Current assets
Debtors	6	32,791	17,261
Cash at bank and in hand		9,446	9,498
		42,237	26,759
Creditors: Amounts falling due within one year	7	(36,787)	(11,620)
Net current assets		5,450	15,139
Total assets less current liabilities		14,669	18,948
Creditors: Amounts falling due after more than one year	7	-	(3,476)
Provisions for liabilities		(542)	(723)
Net assets		14,127	14,749
Capital and reserves
Share premium reserve		100	100
Profit and loss account		14,027	14,649
Total equity		14,127	14,749

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Pragmatic HR Limited

(Registration number: 08434120)
Balance Sheet as at 28 February 2026

Approved and authorised by the Board on 28 September 2026 and signed on its behalf by:
 

......................................... Mrs S E Timbrell Company secretary and director

Pragmatic HR Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

The principal place of business is:
1 Coed y Crwys
Three Crosses
Swansea
SA4 3PW

These financial statements were authorised for issue by the Board on 28 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Pragmatic HR Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	25% reducing balance
Motor Vehicles	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Pragmatic HR Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 4).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	953	1,056

5	Tangible assets

	Land and buildings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	-	4,351	15,000	19,351
Additions	6,362	-	-	6,362
At 28 February 2026	6,362	4,351	15,000	25,713
Depreciation
At 1 March 2025	-	3,111	12,431	15,542
Charge for the year	-	310	642	952
At 28 February 2026	-	3,421	13,073	16,494
Carrying amount
At 28 February 2026	6,362	930	1,927	9,219
At 28 February 2025	-	1,240	2,569	3,809

Pragmatic HR Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

Included within the net book value of land and buildings above is £6,362 (2025 - £Nil) in respect of freehold land and buildings.
 

6

Debtors

	2026 £	2025 £
Trade debtors	32,791	16,020
Prepayments	-	1,241
	32,791	17,261

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Bank loans and overdrafts	9	3,572	3,974
Trade creditors		44	-
Taxation and social security		26,293	7,052
Directors' loan accounts	10	6,878	594
		36,787	11,620