─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bargoed

If your company qualifies for the UK micro-entities regime and you have chosen to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework you will use. FRS 105 is the simplest of the UK accounting standards, designed for qualifying micro-entities that want straightforward, understandable financial statements without the heavier disclosure requirements of larger reporting frameworks. Preparing these accounts properly means more than dropping figures into a template — the balance sheet, notes and disclosures need to reflect your company’s actual circumstances, such as the nature of its income, its assets and liabilities, and any transactions during the period. Working with a professional team on your FRS 105 Micro Entity Accounts in Bargoed helps ensure the accounts are built from accurate records, presented in line with the framework, and prepared with your filing obligations in mind. Because the micro-entities regime is a choice rather than an automatic entitlement, the starting point is always a proper look at whether your company qualifies and whether FRS 105 is the right fit for the way you want to report.

🔥 SAVE £100.00

FRS 105 Micro-Entity Accounts

(Turnover up to £100K)

£499.00

£399.00

+vat

FRS 105 accounts preparation
Accounting records review
Micro-entity eligibility review
Companies House filing where applicable
Corporation Tax support where included
Director review
FRS 105 accounting support

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

Trusted by Micro-Entity Businesses Across the UK

From newly incorporated companies to established owner-managed businesses, our clients trust us to prepare their accounts accurately and handle their annual filing requirements.

      EXCELLENT  
   Based on 302 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Ayotunde Rufai 
 
 
 
 Trustindex verifies that the original source of the review is Google. Best accountants we've ever had. Umer is ace, and makes everything easy and transparent.
  
 
      Posted on Google  
   
   Sofia 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated.

Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.
  
 
      Posted on Google  
   
   Zest For Life 
 
 
 
 Trustindex verifies that the original source of the review is Google. I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall  improving their services over time. I would certainly return for any future needs.
  
 
      Posted on Google  
   
   Pete Wrist 
 
 
 
 Trustindex verifies that the original source of the review is Google. Sterling work. Many thanks to Muhammad and the team for all their help and expertise
  
 
      Posted on Google  
   
   Hansen Personal Training 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been a client for years - very quick responsive and personalised service
  
 
      Posted on Google  
   
   Jamie Fletcher 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
  
 
      Posted on Google  
   
   Mansur Liman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
  
 
      Posted on Google  
   
   Muna Mohamoud 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail.

Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable.

I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
  
 
      Posted on Google  
   
   Sergey M 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
  
 
      Posted on Google  
   
   Ebba Qureshi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .

─── FRS 105 EXPLAINED

FRS 105 Explained for Micro-Entities in Bargoed

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it sets out how a qualifying micro-entity can prepare its annual financial statements — most commonly a simple balance sheet with limited notes — when it chooses to apply the micro-entities regime. The regime sits alongside the other UK reporting frameworks, and the standard that applies to you depends on which regime your company uses: FRS 105 goes hand in hand with the micro-entities regime, while larger or differently structured companies follow other standards. A key point is that the micro-entities regime is an available option, not an automatic one. A company generally needs to meet the relevant size conditions and must not be excluded by other rules, and even then it is the company’s choice whether to apply the regime. When that choice is made, FRS 105 is the framework used to prepare the accounts. For directors of small companies in Bargoed, the appeal is usually simplicity: a shorter, more readable set of financial statements that still reports the company’s position accurately and supports the accounts that need to be filed.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and choose to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable size conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting those conditions is an important part of the assessment, but it does not automatically guarantee eligibility, because other rules and exclusions apply to certain companies and circumstances. It is also worth remembering that the regime is optional — a qualifying company decides whether to use it. If your company in Bargoed is close to a threshold, has changed shape during the year, or has an unusual structure or transaction history, it is sensible to review the position properly before deciding which framework to apply. That way, FRS 105 Micro Entity Accounts are used because they genuinely suit your company, not simply because the figures look small at first glance.

A company generally needs to meet at least 2 of these 3 conditions.

Business Turnover

Annual Turnover of £1 Million or less. (£632,000 previously)

Balance Sheet

Balance sheet total of £500,000 or less.(£316,000 previously)

Company Size

On an average 10 or less employees (10 or less previously)

─── What We Review

Everything Your Micro-Entity Company Is Required to Get Right

Most compliance problems are not deliberate. They come from a missed deadline, an accounts template that no longer matches FRS 105, or dividends taken without the paperwork to support them. Our review covers each area in turn and reports back in plain English.

FRS 105 Balance Sheet

A statutory balance sheet prepared to the FRS 105 format, using the reduced disclosure the micro-entities regime allows.

Profit & Loss Account

A profit and loss account prepared for your own records and for your Corporation Tax computation, without public filing.

Required Notes & Disclosures

Preparation of the notes and disclosures required for the company's accounts under the applicable reporting requirements.

Corporation Tax Support

Separate Corporation Tax support can be provided where included in the agreed service. The Corporation Tax calculation is governed by tax rules rather than FRS 105.

Companies House Filing

Your FRS 105 accounts filed with Companies House in the correct format, before your accounts filing deadline.

Director Copy Pack

A full signed copy of your accounts and tax return, ready for your bank, mortgage lender or accountant records.

─── How It Works

How Our FRS 105 Preparation Process Works

Share Your Records

Send your bank statements, sales and purchase records, expenses and payroll details through our secure digital platform.

We Prepare Your FRS 105 Accounts

Our accountants confirm you qualify for the micro-entities regime, then prepare your accounts and CT600 from your records.

Review & Approve

We send draft accounts with clear explanations of the figures, and adjust anything before anything is submitted.

We File Where Required

Once approved, we can assist with the relevant Companies House filing and any separately agreed tax submission.

─── WHY CHOOSE US

Why Choose Our FRS 105 Accountants?

We keep micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

FRS 105 Accounts Support

The micro-entities regime is all we do, so your accounts are prepared to the right standard first time.

Paperless Onboarding

Get set up in minutes with a fully digital, secure process — no printing, posting or office visits.

Deadline Management

We track your Companies House and HMRC deadlines and prompt you early so late filing penalties are avoided.

Clear, Transparent Pricing

One transparent fixed fee covers preparation, the tax return and both filings. No hourly billing.

─── WHO WE HELP

FRS 105 Support for Micro-Entities Across the UK

From one-director businesses and freelancers to startups, consultants and online businesses that qualify for the micro-entities regime.

One-Director Companies

Straightforward FRS 105 accounts and Corporation Tax filing for owner-managed limited companies.

Freelancers & Contractors

Accounts and compliance support for contractors trading through a qualifying limited company.

Startups & Small Companies

Practical support for newly incorporated companies filing their first set of micro-entity accounts.

Dormant & Low-Activity Companies

Dormant company accounts and FRS 105 accounts for LLPs that meet the micro-entity thresholds.

Professionally Prepared FRS 105 Accounts and Accurate Financial Reporting

FRS 105 Micro Entity Accounts are prepared from your company’s financial records and the reporting requirements that apply to it. That means starting with reliable bookkeeping — sales, purchases, expenses, bank movements, assets, liabilities and any director’s loan activity — and then shaping those figures into financial statements that follow the FRS 105 framework. In practice, the work usually covers the preparation of the balance sheet and supporting notes, along with the information needed for the accounts to be filed at Companies House. It is worth separating that from your tax position: filing financial statements at Companies House and submitting a Corporation Tax Return (CT600) to HMRC are different obligations with different deadlines and different audiences, even though they draw on the same underlying records. Equally, FRS 105 accounts are not the same as a Confirmation Statement, which is a separate annual confirmation of company details rather than a set of financial statements. Once your accounts are prepared, you remain responsible for reviewing and approving them as a director before they are filed. A careful preparation process helps reduce the risk of errors, inconsistencies or missing information, and gives you a clearer picture of your company’s financial position.

ICAEW

ACCA

AAT

Speak to Us About Your FRS 105 Micro Entity Accounts in Bargoed

Whether you are preparing FRS 105 Micro Entity Accounts for the first time, switching from another reporting framework, or simply want your year-end handled with care, the next step is a conversation. Tell us about your company — what it does, how it is structured, when your accounting period ends, and how your records are currently kept. It also helps to share details of any assets, loans, unusual transactions or changes in the business during the period, as these often affect how the accounts are presented. From there, we can look at whether the micro-entities regime is available to you, whether FRS 105 is the appropriate choice, and what information we need to prepare your accounts and support your filing obligations. There is no obligation and no pressure — just clear, practical guidance on your options and transparent, fixed-fee style pricing where we can offer it.

─── FAQs

FRS 105 Accounts Preparation FAQs

Still unsure where you stand? Reach out to our UK team at info@microentityaccounts.co.uk and we will review your filing history with you.

What is FRS 105?

FRS 105 is the UK financial reporting standard for micro-entities. It sets out how a qualifying company that has chosen to apply the micro-entities regime prepares its annual financial statements, typically a simplified balance sheet with limited notes. It is designed to be the least complex of the UK accounting frameworks, so it keeps disclosures modest while still reporting the company's financial position accurately.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and decide to apply it. Meeting the size conditions is part of the picture, but other eligibility rules and exclusions can also apply, so qualifying is not simply a matter of turnover or employee numbers. It is also a choice — a company that qualifies may still use a different framework if that suits its circumstances better.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies can choose to apply it, and FRS 105 applies when that choice is made. If a qualifying company prefers, it can use a different framework instead, although that may bring additional disclosure requirements.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable size conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. These conditions are subject to the relevant rules and exclusions, and certain types of company cannot use the regime regardless of size, so eligibility should be checked against your specific circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different companies and produce different levels of detail. FRS 105 is the micro-entities standard, offering a simplified balance sheet and limited disclosures. FRS 102 is the standard used more widely by small and larger entities, and it typically requires more extensive notes and accounting treatments, such as recognising certain assets and provisions that FRS 105 handles differently.

Do FRS 105 accounts need to be filed with Companies House?

Yes, where accounts are due to be filed, the financial statements prepared under FRS 105 form the accounts submitted to Companies House. Filing accounts is a separate obligation from submitting a Corporation Tax Return, and it is also separate from the Confirmation Statement, which confirms company details rather than reporting financial results. Directors remain responsible for reviewing and approving the accounts before they are filed.

Is a Corporation Tax Return (CT600) separate from FRS 105 accounts?

Yes. FRS 105 concerns the accounting and financial reporting framework used to prepare your company's financial statements. A CT600 is a separate Corporation Tax filing submitted to HMRC to report taxable profits and calculate the tax due. Although both draw on the same underlying records, they serve different purposes, go to different bodies, and must be handled as distinct obligations.

What information is needed to prepare FRS 105 accounts?

As a starting point, we would usually need your bookkeeping or accounting records for the period, bank statements, details of sales and expenses, and information on any assets, liabilities, loans or director's loan transactions. Details of share capital, any changes in the business during the period, and the previous year's accounts are also helpful. The more complete and accurate the records, the smoother the preparation process tends to be.