REGISTERED NUMBER: 11941404 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

HEROES INC LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

G S Mattu

M S Mattu

Registered office:

20 Allandale Road

Stoneygate

Leicester

LE2 2DA

Registered number:

11941404 (England and Wales)

Accountants:

Haines Watts Leicester Limited

20 Allandale Road

Stoneygate

Leicester

LE2 2DA

Fixed assets

Tangible assets

4

116,395

142,379

Current assets

Stocks

3,190,359

3,130,894

Debtors

5

1,131,711

1,449,499

Cash at bank

100,210

800,911

4,422,280

5,381,304

Creditors

Amounts falling due within one year

6

(6,356,686

)

(6,273,300

)

Net current liabilities

(1,934,406

)

(891,996

)

Total assets less current liabilities

(1,818,011

)

(749,617

)

Creditors

Amounts falling due after more than one year

7

-

(8,334

)

Net liabilities

(1,818,011

)

(757,951

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(1,818,111

)

(758,051

)

Shareholders' funds

(1,818,011

)

(757,951

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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.

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 30 March 2026 and were signed on its behalf by:

G S Mattu - Director

1.	STATUTORY INFORMATION

Heroes Inc Ltd. is a private company, limited by shares , registered in England and Wales. 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.

Going Concern

The financial statements have been prepared on a going concern basis which assumes that the

company will continue to receive ongoing support from its director, creditors and shareholders.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Computer equipment

-

at varying rates on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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.

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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 August 2024

147,253

23,558

65,520

236,331

Additions

-

3,069

11,014

14,083

At 31 July 2025

147,253

26,627

76,534

250,414

Depreciation

At 1 August 2024

22,693

18,393

52,866

93,952

Charge for year

20,810

5,121

14,136

40,067

At 31 July 2025

43,503

23,514

67,002

134,019

Net book value

At 31 July 2025

103,750

3,113

9,532

116,395

At 31 July 2024

124,560

5,165

12,654

142,379

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

920,925

1,072,010

Other debtors

210,786

377,489

1,131,711

1,449,499

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,334

10,000

Trade creditors

410,837

4,311,528

Amounts owed to group undertakings

443,211

375,877

Taxation and social security

87,635

138,268

Other creditors

5,406,669

1,437,627

6,356,686

6,273,300

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,334

8.	RELATED PARTY DISCLOSURES

Included in other creditors are amounts totalling £443,211 (2024: £375,877) due to companies under

common control. No interest is charged.