─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Billingshurst

If your company is a qualifying micro-entity, FRS 105 Micro Entity Accounts can offer the simplest route to preparing and filing your annual financial statements. FRS 105 is the financial reporting framework that applies under the UK micro-entities regime, and it is designed for smaller companies that meet the relevant size conditions and choose to use that regime rather than a fuller standard such as FRS 102. For directors in and around Billingshurst, the appeal is straightforward: shorter accounts, fewer disclosure requirements, and a clearer picture of the numbers that matter. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual financial records, your company’s circumstances and the applicable reporting requirements, so the accounts you file are consistent, sensibly presented and prepared with the right framework in mind. Eligibility is not automatic — meeting the size thresholds alone does not guarantee that the micro-entities regime is available, because other rules and exclusions can apply — so it is worth reviewing your position before you decide how to prepare your accounts.

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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 Micro-Entities Reporting Framework

FRS 105 is a UK financial reporting standard written specifically for micro-entities. In plain terms, it sets out how a qualifying company’s annual accounts should be put together when that company chooses to apply the micro-entities regime. Because the regime is aimed at the smallest companies, FRS 105 financial statements are shorter and simpler than accounts prepared under FRS 102, with fewer notes and a more streamlined presentation of the balance sheet and profit and loss account. The important point is that FRS 105 is not something a company is automatically placed into — it is an available accounting regime, and FRS 105 applies when a qualifying company decides to use it. That decision affects how the numbers are presented, what disclosures appear alongside them, and how the accounts compare with those of a similar business using a different framework. For a director, understanding this distinction matters, because it shapes both the accounts you file at Companies House and the figures you use to understand how your business is performing.

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. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 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 during the period. Meeting those size conditions is not the whole story. A range of other eligibility rules and exclusions can apply, and certain companies are not permitted to use the regime even if their numbers fall within the thresholds. Eligibility can also change from one period to the next as a business grows, takes on investment, or changes what it does. That is why it is sensible to review your position before each set of accounts rather than assuming FRS 105 Micro Entity Accounts will apply indefinitely, and to confirm whether the micro-entities regime is both available to your company and the right choice for its circumstances.

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

Preparing FRS 105 Micro Entity Accounts starts with your records — bookkeeping, bank information, sales and purchase ledgers, payroll details, asset purchases and any relevant supporting documents — and turns them into a set of financial statements prepared under the micro-entities framework. We work from the information you provide and apply the applicable reporting requirements, so the accounts present your company’s position consistently and in line with the framework chosen. It is important to keep two separate obligations in view. The first is the preparation and filing of your annual accounts with Companies House, which is a company law requirement. The second is your Corporation Tax position, which is reported separately to HMRC through a Company Tax Return (CT600). FRS 105 accounts and a CT600 serve different purposes and are submitted to different bodies, even though the underlying figures often overlap. Our role is to help prepare accounts that are clear, internally consistent and properly documented — we do not claim guaranteed compliance, guaranteed acceptance by any authority, or regulatory approval of your accounts, and the final responsibility for the accounts and any filings remains with the company’s directors.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

Whether you are preparing your first set of accounts, switching to the micro-entities regime, or simply want reassurance that your current reports are prepared on the right basis, a short conversation can clarify where you stand. Tell us about your company — its trading activity, the period you are reporting on, and how your records are currently kept — and share any accounts or filings you have prepared before. From there we can review your circumstances, explain how FRS 105 Micro Entity Accounts would work for a business like yours, and set out clear, transparent pricing for the work involved. If it turns out that FRS 105 is not the right fit, we will say so and discuss the alternatives. Contact us in Billingshurst to get started.

─── 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 micro-entities choosing to use the micro-entities regime. It sets out how the annual accounts are prepared and presented, including the format of the balance sheet and profit and loss account. Because it is written for the smallest companies, it involves fewer disclosures and a simpler presentation than fuller standards such as FRS 102.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then 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. Other eligibility rules and exclusions can apply, so meeting the size conditions does not automatically mean the regime is available.

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, which means FRS 105 applies, or it can prepare accounts under a different framework such as FRS 102. The choice affects the level of disclosure and the way the accounts are presented, so it is worth considering what suits your company and its users.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are designed for different sizes of company. FRS 102 is the broader standard and generally requires more detailed disclosures and more complex measurement and presentation. FRS 105 is the micro-entities standard, offering a simpler, shorter set of accounts with reduced disclosure. Which one applies depends on whether the company qualifies for, and chooses, the micro-entities regime.

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

Yes. Annual accounts are a company law filing requirement and are submitted to Companies House, regardless of whether they are prepared under FRS 105 or another framework. Filing the accounts is separate from your Corporation Tax obligations, which are dealt with through a Company Tax Return (CT600) submitted to HMRC. The accounts may also need to be shared with shareholders and other parties in line with company law.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities framework and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC, which reports the company's taxable profits and tax position for the period. The figures in the accounts often inform the tax return, but the two documents serve different purposes and go to different authorities.

Can a new limited company use FRS 105?

It may be able to, provided it qualifies for the micro-entities regime and chooses to apply it. A newly incorporated company still needs to consider the size conditions and any relevant exclusions, and the position can change as the business grows. It is worth reviewing eligibility at the point of preparing the first set of accounts rather than assuming the regime applies.

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

Typically you would provide your bookkeeping or accounting records, bank statements, sales and purchase information, payroll details, details of any assets purchased or sold, loan and finance agreements, and any previous accounts or filings. Having complete and well-organised records makes the process smoother and helps ensure the accounts reflect what actually happened in the period.