ACCOUNTS - Final Accounts

Company registration number: 04882698

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	ACCESSORY BITS LIMITED


ACCESSORY BITS LIMITED

COMPANY INFORMATION

Directors	A Wilson
	S Moate
	P McKenzie


Registered number	04882698


Registered office	A6 Wellingborough Road
	Sywell
	Northampton
	England
	NN6 0BN


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


ACCESSORY BITS LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 6


ACCESSORY BITS LIMITED REGISTERED NUMBER:04882698

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		66,916		88,160
			66,916		88,160
Current assets
Stocks		528,554		538,311
Debtors: amounts falling due within one year	5	5,478,210		5,286,220
Cash at bank and in hand		256,419		317,997
		6,263,183		6,142,528
Creditors: amounts falling due within one year	6	(848,852)		(832,073)
Net current assets			5,414,331		5,310,455
Total assets less current liabilities			5,481,247		5,398,615
Provisions for liabilities
Deferred tax		(8,097)		(9,819)
			(8,097)		(9,819)
Net assets			5,473,150		5,388,796

Capital and reserves
Called up share capital	2	2
Profit and loss account	5,473,148	5,388,794
	5,473,150	5,388,796

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P McKenzie

Director

Date: 30 September 2026

The notes on pages 2 to 6 form part of these financial statements.

Page 1


ACCESSORY BITS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Accessory Bits Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page. The principal activity of the company is the sale and distribution of accessories to be used in the office furniture market.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

The turnover shown in the statement of income and retained earnings represents amounts receivable for goods sold during the year in the normal course of the business, net of trade discounts, VAT and other sales and related taxes.

2.3

Going concern

In preparing the financial statements the Directors are required to assess the Company's ability to continue to trade as a going concern for the foreseeable future.

In undertaking this assessment, the Directors have given due consideration to the Company's banking facilities, historical and current trading, together with the forward looking-projections.

The Directors have reviewed the Company cashflow forecasts and based on their best assessment they therefore believe that the Company will have sufficient financing in place to ensure cash flow requirements are satisfied for at least the next twelve months. In addition, the Directors acknowledge that there is continued support from the parent Company's principal funders, which is expected to apply to the Company as well. Consequently, the Directors have adopted the going concern basis of accounting in preparing the financial statements.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2


ACCESSORY BITS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows

Depreciation is provided on the following basis:

Plant and machinery	-	25% on reducing balance
Motor vehicles	-	25% on reducing balance
Fixtures and fittings	-	15% on reducing balance
Office equipment	-	33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

Stock is recognised as goods in transit when the terms with the supplier are such that Accessory Bits Limited takes ownership before it arrives at Accessory Bits Limited's premises.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from related parties.

2.7

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using
the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue
costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Operating leases

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

Page 3


ACCESSORY BITS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 13 (2024 - 14).

Page 4


ACCESSORY BITS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025	35,189	41,335	72,303	19,032	167,859
Additions	738	-	-	2,414	3,152
At 31 December 2025	35,927	41,335	72,303	21,446	171,011
Depreciation
At 1 January 2025	17,423	2,273	46,008	13,995	79,699
Charge for the year on owned assets	4,441	13,641	3,966	2,348	24,396
At 31 December 2025	21,864	15,914	49,974	16,343	104,095
Net book value
At 31 December 2025	14,063	25,421	22,329	5,103	66,916
At 31 December 2024	17,766	39,062	26,295	5,037	88,160

Debtors

					2025	2024
					£	£


Trade debtors	320,600	405,282
Amounts owed by group undertakings	4,903,743	4,854,331
Other debtors	175,195	1,919
Prepayments and accrued income	78,672	24,688
	5,478,210	5,286,220

Page 5


ACCESSORY BITS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	105,500	64,746
Amounts owed to group undertakings	668,126	614,332
Other taxation and social security	11,776	92,027
Other creditors	13,408	4,729
Accruals and deferred income	50,042	56,239
	848,852	832,073

7.	Controlling party

The parent of the smallest group for which consolidated financial statements are drawn up is SAMPS Group Limited, a company registered in England and Wales. The registered office of SAMPS Group Limited is A6 Wellingborough Road, Sywell, Northampton, England, NN6 0BN.

8.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 30 September 2026 by Andrew Wooding FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 6