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REGISTERED NUMBER: 09521104 (England and Wales)











Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Accessory House Global Limited

Accessory House Global Limited (Registered number: 09521104)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Accessory House Global Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: B R Mullin





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 09521104 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Accessory House Global Limited (Registered number: 09521104)

Balance Sheet
28 February 2023

28.2.23 28.2.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 740 -
Tangible assets 5 4,365 5,153
Investments 6 361 1,261
5,466 6,414

CURRENT ASSETS
Stocks 108,300 88,613
Debtors 7 2,094,140 1,500,252
Cash at bank 77,902 449,370
2,280,342 2,038,235
CREDITORS
Amounts falling due within one year 8 74,659 104,128
NET CURRENT ASSETS 2,205,683 1,934,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,211,149

1,940,521

PROVISIONS FOR LIABILITIES 1,091 -
NET ASSETS 2,210,058 1,940,521

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,209,958 1,940,421
2,210,058 1,940,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Accessory House Global Limited (Registered number: 09521104)

Balance Sheet - continued
28 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





B R Mullin - Director


Accessory House Global Limited (Registered number: 09521104)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Accessory House Global Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

During the prior year, the company traded in cryptocurrency. Revenue is recognised when a trade between cryptocurrencies occurs and where an active market value for the cryptocurrency can be identified.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.


Accessory House Global Limited (Registered number: 09521104)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

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 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.

Fixed asset investments
Unlisted Investments are measured at fair value, with changes in fair value recognised in the income statement. Where it is not possible to measure the fair value reliably, unlisted investments are measured at the cost less impairment.

Foreign currency transactions
During the year, exchange spot rates were used on a daily basis for all foreign currency transactions and at the year end date, all foreign currency debtor and creditor balances were restated to GBP balances using the HMRC approved exchange rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 758
At 28 February 2023 758
AMORTISATION
Charge for year 18
At 28 February 2023 18
NET BOOK VALUE
At 28 February 2023 740

Accessory House Global Limited (Registered number: 09521104)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 710 6,365 7,075
Additions - 1,416 1,416
At 28 February 2023 710 7,781 8,491
DEPRECIATION
At 1 March 2022 163 1,759 1,922
Charge for year 82 2,122 2,204
At 28 February 2023 245 3,881 4,126
NET BOOK VALUE
At 28 February 2023 465 3,900 4,365
At 28 February 2022 547 4,606 5,153

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022 1,261
Revaluations (900 )
At 28 February 2023 361
NET BOOK VALUE
At 28 February 2023 361
At 28 February 2022 1,261

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2022 (4,045 )
Valuation in 2023 (900 )
Cost 5,306
361

Accessory House Global Limited (Registered number: 09521104)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
as restated
£    £   
Trade debtors 14,417 10,494
Amounts owed by group undertakings 2,067,888 1,474,246
Other debtors 11,835 15,512
2,094,140 1,500,252

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
as restated
£    £   
Trade creditors 58 -
Amounts owed to group undertakings 165 162
Taxation and social security 55,203 91,848
Other creditors 19,233 12,118
74,659 104,128

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 February 2023 and the period ended 28 February 2022:

28.2.23 28.2.22
as restated
£    £   
B R Mullin
Balance outstanding at start of year - (6,426 )
Amounts advanced - 6,426
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, consultancy fees were paid to K Mullin a father of the director, totalling £7,245 (2022: £15,125). There are no amounts outstanding at the year end in relation to this.

During the year, consultancy fees were paid to W Mullin totalling £972 (2022: £Nil). There are no amounts outstanding at the year end in relation to this.

Accessory House Global Limited (Registered number: 09521104)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by Mr B R Mullin by virtue of his shareholding in the issued ordinary share capital of the ultimate parent company, B R Mullin Holdings Limited.

The registered office of B R Mullin Holdings Limited is Leofric House, Binley Road, Coventry, West Midlands, England, CV3 1JN.