─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Billinge

FRS 105 provides the financial reporting framework for qualifying companies that choose to apply the UK micro-entities regime, and FRS 105 Micro Entity Accounts in Billinge are prepared under that framework rather than under a fuller reporting standard. If your company qualifies and elects to use the regime, the accounts are prepared on a simpler basis, typically centred on a balance sheet with a small number of supporting notes. Professional preparation helps ensure the figures are built up correctly from your accounting records, that the presentation suits your company’s circumstances, and that anything filed at Companies House is consistent with the information you have provided. It also gives you a clear opportunity to talk through points such as the treatment of fixed assets, stock, debtors, creditors and directors’ loans before the accounts are finalised. Because the micro-entities regime is a choice rather than an automatic route, part of the process is confirming that the regime is appropriate for your company and reviewing whether anything has changed during the year that could affect that position.

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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 Reporting Framework Behind Micro-Entity Accounts

FRS 105 is a UK financial reporting standard written specifically for micro-entities, and it sits alongside the broader accounting standards that larger companies use. In simple terms, it is the rulebook that tells you how a qualifying micro-entity should draw up its financial statements when it chooses to apply the micro-entities regime. Compared with fuller frameworks, FRS 105 is deliberately stripped back: the accounts are usually shorter, the amount of narrative disclosure is reduced, and the accounting is generally based on simpler, historical cost principles rather than fair value adjustments. In the UK, a company that meets the micro-entity size conditions and decides to use the micro-entities regime will normally prepare its financial statements under FRS 105, which is why the two terms often appear together. The key point for Billinge business owners is that FRS 105 is not something that applies to everyone, and it is not compulsory simply because a company is small. It is an available regime that qualifying companies can choose, and the resulting FRS 105 financial statements are the ones that then get filed at Companies House.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. The starting point is size. 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 measured against the relevant rules for the period concerned, and different thresholds applied to earlier accounting periods, so the test is always applied to the year in question. Size is not the whole story. Other eligibility rules and exclusions can affect whether the regime is available, and certain companies are not able to use it at all. Meeting the size conditions therefore does not automatically guarantee eligibility, and qualifying for the regime does not force a company to adopt it. If you run a company in Billinge or the surrounding area and want FRS 105 Micro Entity Accounts, the sensible approach is to confirm eligibility and suitability first, then decide whether the micro-entities regime is the right fit before the accounts are prepared.

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 your underlying records: bank transactions, sales and purchase information, payroll details, asset purchases and disposals, loan balances and any amounts owed to or by directors. From there, the accounts are built up and presented in line with the applicable reporting requirements for the micro-entities regime, so that the balance sheet, notes and any comparatives are put together on a consistent basis from one year to the next. It is important to keep the different obligations separate. Preparing and filing financial statements at Companies House is one task; submitting a Corporation Tax Return (CT600) to HMRC is another, and it is dealt with under tax rules rather than the accounting framework. A Confirmation Statement is a third, separate filing. While no one can guarantee an outcome or guarantee how a filing will be received, working from complete and accurate records gives you the best opportunity to file accounts that fairly reflect your company’s position and to avoid avoidable queries or amendments later on.

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Talk to Us About Your FRS 105 Micro Entity Accounts in Billinge

If you would like help with FRS 105 Micro Entity Accounts in Billinge, the next step is a straightforward conversation. Tell us about your company, what it does, roughly how it is structured and what you have already filed, and share the records you hold — bank statements, sales and expense information, payroll details, asset and loan balances, and anything else that feeds into the figures. From there we can look at whether the micro-entities regime appears to suit your circumstances, discuss how your FRS 105 accounts would be put together, and outline the options available to you, including clear, transparent pricing on a fixed-fee basis where that works for your situation. We can also talk through how your accounts interact with your other obligations, so you know what is being prepared for Companies House and what sits separately with HMRC. Get in touch when you are ready and we will 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 designed for micro-entities. It sets out how a qualifying company that chooses to apply the micro-entities regime prepares its financial statements, and it is deliberately simpler than fuller frameworks such as FRS 102. In practice that usually means a shorter set of accounts, reduced disclosure and accounting based on straightforward historical cost principles rather than fair value adjustments.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. Meeting the size conditions is only part of the picture — there are also other eligibility rules and exclusions that can affect whether the regime is available to a particular company. It is not an automatic entitlement, so eligibility is best confirmed for your specific circumstances before the accounts are prepared on that basis.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an accounting regime that qualifying companies may choose to apply, and FRS 105 applies when that choice is made. A company that qualifies for the regime may instead prepare its accounts under a fuller framework if that better suits its needs — for example where the directors, lenders or investors want more detailed reporting. The decision is a matter of eligibility and preference, not an automatic requirement.

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 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. These are size conditions rather than the whole test, and other rules and exclusions can apply, so meeting them does not by itself guarantee that the micro-entities regime is available.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the streamlined framework for micro-entities, while FRS 102 is the fuller framework used by many small and medium-sized companies that either do not qualify for the micro-entities regime or choose not to use it. FRS 105 generally involves fewer disclosures, a more limited set of accounting options and simpler measurement, whereas FRS 102 covers a wider range of transactions and requires more extensive notes to the accounts.

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

Where a company prepares its financial statements under FRS 105, those accounts are normally filed at Companies House in the usual way, alongside the company's other filing obligations. Filing accounts is separate from filing a Confirmation Statement, which is a different submission confirming company information. There is also a separate distinction between the accounts and Corporation Tax: the accounts set out the company's financial position, while tax is reported to HMRC through the Corporation Tax Return process.

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

Yes, they are two distinct things. FRS 105 accounts are financial statements prepared under the micro-entities accounting framework and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, which deals with the company's tax position under tax rules. The figures in the accounts will typically inform the tax return, but the two are prepared, submitted and reviewed by different bodies for different purposes.

What information is needed to prepare FRS 105 accounts?

Useful information includes bank statements and reconciliations, sales and purchase records, payroll details, details of assets bought or sold, and balances for loans, stock, debtors and creditors, including any amounts owed to or by directors. Bringing the previous year's accounts and any relevant correspondence together with those records helps the figures be built up accurately, and it gives a clearer starting point for discussing how the accounts should be presented for your company.