The town of Accrington was granted a coat of arms in 1879, and it is essentially this that makes up the football club's crest today.
On the shield, the shuttle represents the local cotton spinning industry, while the cylinders and calico represent the method of printing on the cotton.
A stag represents the Hargreaves family of Broad Oak who were closely connected with these local industries, while the lion is that of the ancient family De Lacy, who held Accrington by grant of Henry VII.
The oak branch at the top of the crest is trebly allusive to the town's name, 'Accrington'. It is bent into the shape of its initial letter; oak (Anglo-Saxon 'ac') expresses the first syllable; and the acorns recall the old form of the name, Akerenton.
SOURCE
Accrington Stanley F.C. Crest & Club History
Source has the wrong writing at the bottom of crest as official badge doesnot have ASFC