─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bearsden

FRS 105 Micro Entity Accounts in Bearsden are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to adopt the UK micro-entities regime. FRS 105 sets out how the financial statements should be presented and measured, allowing a simplified format and reduced disclosure compared with the frameworks used by larger companies. Professional preparation helps ensure the accounts are built up properly from your company’s own financial records, reflect its actual trading activity, and are presented in line with the applicable reporting requirements for the period in question. It is important to remember that the micro-entities regime is a choice available to qualifying companies rather than something every small company automatically falls into, and eligibility depends on the size criteria alongside other rules and exclusions. If you are unsure whether FRS 105 Micro Entity Accounts suit your company, the sensible first step is a straightforward review of your circumstances before any accounts are drawn up.

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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: The Framework Behind Micro-Entity Financial Statements

FRS 105 is the UK financial reporting standard written specifically for companies that qualify for, and choose to apply, the micro-entities regime. In simple terms, it is a stripped-back set of accounting rules: the financial statements still include the core statements that readers expect — a balance sheet, a profit and loss account and notes where required — but the measurement rules are simpler and the disclosure requirements are much lighter than those under larger frameworks. That makes FRS 105 Micro Entity Accounts quicker and cheaper to prepare for many small companies, while still giving an accurate picture of the business. The key point is that the regime is optional. A company must first meet the micro-entity eligibility conditions and then decide to use the regime; FRS 105 applies when that choice is made. If a company does not qualify, or prefers a fuller reporting framework such as FRS 102, then FRS 105 is not the right fit. For directors in Bearsden running a straightforward trading or service company, understanding this distinction early makes the whole accounts process far easier to plan.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility is based on size, and for accounting periods beginning on or after 6 April 2025 a company generally needs to meet at least 2 of the 3 applicable 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. Those conditions are the starting point, not the whole picture. Other eligibility rules and exclusions apply, and there can be additional considerations for certain company types or for a first accounting period that covers more than 12 months. That means meeting the size thresholds on their own does not automatically guarantee that a company is eligible for the micro-entities regime. Directors in Bearsden should also remember that even a qualifying company can choose a different framework, such as FRS 102, if that better suits its circumstances. The most reliable approach is to review the company’s position — its size, structure, activities and reporting needs — 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.

Professionally Prepared FRS 105 Micro Entity Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with good records. Your bookkeeping, bank transactions, sales and purchase invoices, payroll information and asset details are used to build a set of financial statements that reflects what the company has actually done during the period. The accounts are then presented in the simplified micro-entity format, with the balance sheet and profit and loss account drawn up in line with the applicable reporting requirements and the disclosures that FRS 105 requires. It is worth being clear about how this fits alongside your other obligations. The FRS 105 financial statements and the Companies House filing are one piece of work; a Corporation Tax Return (CT600) is a separate submission made to HMRC, based on the company’s taxable profits rather than the accounts format alone. A Confirmation Statement is separate again. Good preparation means the figures used across these documents are consistent and the accounting treatment chosen is appropriate to your company’s circumstances, rather than simply copied from a template. No accountant can guarantee a particular tax outcome or filing result, but careful, methodical preparation reduces the risk of avoidable queries and corrections later.

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Get Help With Your FRS 105 Micro Entity Accounts in Bearsden

If you would like your FRS 105 Micro Entity Accounts prepared properly, the best starting point is a conversation about your company. Tell us about your trading activity, your accounting period, what records you keep and how they are maintained, and whether you have prepared accounts before. From there, we can look at whether the micro-entities regime appears to suit your circumstances and explain what information is needed to prepare the financial statements. Many directors in Bearsden come to this having previously used a different framework, or having just set up a company, and simply want a clear explanation of their options with transparent, fixed-fee style pricing rather than an open-ended estimate. Get in touch, share the details of your FRS 105 Micro Entity Accounts requirements, and we can take it from there.

─── 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 that applies to companies using the micro-entities regime. It forms part of UK GAAP and is designed to reduce the accounting burden on the smallest companies by simplifying how items are measured and by cutting the amount of disclosure required. A set of FRS 105 Micro Entity Accounts will typically include a balance sheet, a profit and loss account and a small number of notes, presented in a format suited to a micro-entity.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and then 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 the 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. Certain rules and exclusions also apply, so meeting the size conditions alone does not automatically confirm eligibility. The position should be assessed for each period.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A qualifying company can choose to apply it, in which case FRS 105 is used, or it can choose a fuller framework such as FRS 102. In practice the decision often comes down to what the directors and any other users of the accounts need, and whether the simplified reporting and measurement rules of FRS 105 are a good fit for the company's activities.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the applicable size conditions are 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. A company generally needs to meet at least 2 of those 3 conditions. There are also rules around company type and other exclusions, and special considerations can apply — for example where a first accounting period covers more than 12 months. Eligibility is not guaranteed simply by falling under the thresholds.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main financial reporting standard for most UK companies and covers a wide range of entities, with more detailed measurement rules and a much longer list of disclosures. FRS 105 is a narrower, simplified framework reserved for qualifying micro-entities that choose the micro-entities regime. Under FRS 105, certain options available under FRS 102 are not permitted, and the financial statements are shorter and more straightforward. Which framework applies depends on the company's size and the directors' choice.

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

Yes. Where accounts are prepared, they normally need to be filed with Companies House as part of the company's annual accounts obligations, although micro-entity accounts can be filed in a reduced form. Filing requirements have been changing, including a move towards accounts being filed using compatible software, and the exact rules depend on the accounting period involved, so it is worth checking the current guidance rather than relying on older practice.

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

Yes, they are separate submissions. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities reporting framework and filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, which sets out the company's taxable profits and tax position. The figures usually start from the accounts, but they are not the same document and they are not filed with the same body.

Can a new limited company use FRS 105?

It can, if it qualifies as a micro-entity and the directors choose to apply the micro-entities regime. Newly incorporated companies should be aware that a first accounting period can sometimes be longer than 12 months, which can affect how the size conditions are assessed, so it is sensible to check the position before preparing the first set of accounts. A new company also needs to consider whether it has straightforward enough records to support the simplified framework.

What information is needed to prepare FRS 105 Micro Entity Accounts?

Typically you would provide your bookkeeping or accounting records for the period, bank statements, sales and purchase invoices, payroll information and details of any significant assets or liabilities, along with the previous year's accounts if there are any. It also helps to know whether the company's activities have changed during the period and whether there are any unusual transactions. With that information, your accountant can confirm the appropriate treatment and prepare the financial statements in the micro-entity format.