─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Barnsley for Qualifying Companies

If your company qualifies for and chooses to apply the UK micro-entities regime, FRS 105 Micro Entity Accounts provide the financial reporting framework for your annual accounts. FRS 105 is designed for qualifying micro-entities and can simplify how financial statements are prepared, but it is not automatic — eligibility depends on the size criteria and other rules and exclusions. Professional preparation in Barnsley can help ensure your FRS 105 accounts are based on your records, reflect the applicable reporting requirements, and are ready for the relevant filing or tax processes. We can work with you to review your circumstances, identify the information needed, and prepare FRS 105 Micro Entity Accounts that fit your company’s position.

🔥 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

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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 
    
 
 
 
   
 
 
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   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.
  
 
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   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.
  
 
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   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.
  
 
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   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
  
 
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   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
  
 
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   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.
  
 
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   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
  
 
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   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.
  
 
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   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.
  
 
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   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-Entity Accounts in Barnsley

FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. In simple terms, it gives smaller companies a streamlined way to prepare annual financial statements, with simpler accounting and fewer disclosures than larger reporting frameworks. The micro-entities regime is an available accounting regime, not a compulsory one for every small company. If your company qualifies and selects it, FRS 105 Micro Entity Accounts are prepared under that standard. For Barnsley companies, this often means clearer, more proportionate accounts that focus on the information required for a micro-entity. We can help you understand whether FRS 105 may be suitable and how it applies to your financial statements.

Who Can Use FRS 105 in the UK? Micro-Entity Accounts in Barnsley

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. To qualify 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting these size conditions does not guarantee eligibility on its own, because other rules and exclusions can apply. The micro-entities regime is an available accounting regime, and FRS 105 applies when that regime is chosen. For Barnsley companies, it is important to check both the current size criteria and any other relevant restrictions before deciding whether FRS 105 Micro Entity Accounts are appropriate.

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.

Professional Preparation of FRS 105 Micro Entity Accounts in Barnsley

Professionally prepared FRS 105 Micro Entity Accounts start with accurate financial records and a clear understanding of the reporting requirements that apply to your company. We can prepare financial statements under FRS 105 based on the information you provide, helping to present your turnover, balance sheet total, assets, liabilities and other relevant figures in line with the micro-entities regime where your company qualifies and chooses to apply it. This work is separate from Corporation Tax obligations: a CT600 is a Corporation Tax Return submitted to HMRC, while FRS 105 accounts relate to the financial statements. Similarly, any Companies House filing is a separate submission requirement, and a Confirmation Statement is another distinct filing. We can help coordinate the accounts preparation alongside those separate obligations without suggesting that Companies House or HMRC approves or endorses the accounts.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Barnsley

If you need support with FRS 105 Micro Entity Accounts in Barnsley, we can discuss your company’s circumstances and what is needed to prepare the accounts. Whether you are unsure about micro-entity eligibility, have a new limited company, or want help turning your records into FRS 105 financial statements, get in touch with the information that applies to your business. We can review the details you provide, explain the next steps, and help you move forward with accounts prepared for the applicable reporting framework.

─── 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 companies that qualify for and choose to apply the micro-entities regime. It sets out simplified accounting and disclosure requirements for micro-entity financial statements. It is part of UK GAAP and applies only where the micro-entities regime is used. It is not the same as a Corporation Tax Return or Confirmation Statement.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under the UK rules and choose to apply the micro-entities regime. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 size conditions: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. This can include new companies if they qualify. Other eligibility rules and exclusions can apply, so meeting the size tests alone does not automatically mean FRS 105 can be used.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework. A company that qualifies as a micro-entity may be able to choose it, but it is not automatically required. If the company chooses the micro-entities regime, FRS 105 applies. Some qualifying companies may prefer or need a different reporting framework depending on their circumstances.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the size conditions are turnover of no more than £1 million, balance sheet total of no more than £500,000, and average number of employees of no more than 10. A company generally must meet at least 2 of these 3 conditions. The tests apply subject to the relevant rules, and certain companies or circumstances may be excluded. Professional advice can help confirm whether your company qualifies.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler micro-entity standard, available only where the micro-entities regime is used. FRS 102 is a broader UK GAAP framework used by many small and other entities, with more detailed accounting and disclosure requirements. FRS 105 can reduce disclosure and simplify some measurements, but it may not be suitable if the company needs more detailed information or has complex transactions. The choice depends on eligibility and the company's needs.

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

Where a company is required to file annual accounts, FRS 105 Micro Entity Accounts can generally be used as the basis for the accounts filed with Companies House if the company qualifies and has chosen the micro-entities regime. Filing requirements depend on the company's circumstances and the applicable rules. Companies House filing is separate from HMRC Corporation Tax filing, and it is also separate from a Confirmation Statement. Companies House does not approve or endorse accounts.

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

Yes. A CT600 is a Corporation Tax Return submitted to HMRC. FRS 105 accounts are financial statements prepared under the micro-entities regime. They are separate documents and serve different purposes. The accounts figures may inform the tax return, but tax adjustments and separate filing obligations can apply. It is important to deal with both correctly.

What information is needed to prepare FRS 105 accounts?

Typically, we need records such as bank statements, sales invoices, purchase invoices, receipts, payroll information, details of assets and liabilities, loans or directors' loan balances, VAT returns where relevant, prior year accounts if available, and any other information needed to complete the financial statements. The exact list depends on your company's activity and circumstances. Providing organised records helps the preparation process run smoothly.