─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Birstall

FRS 105 Micro Entity Accounts are the annual financial statements prepared under the UK micro-entities regime — a simplified reporting framework available to companies that meet the qualifying conditions and choose to apply it. If your company is based in Birstall and you are deciding how best to prepare and file your yearly accounts, understanding what FRS 105 involves is a sensible first step. The framework is designed to reduce the reporting burden on genuinely small companies, with a shorter balance sheet, limited notes and simpler measurement rules than the standards used by larger businesses. Professional preparation helps ensure your accounts reflect your actual transactions and records, are put together consistently with the framework your company has chosen, and line up with the information you report elsewhere. Eligibility is not automatic, so your company’s size, structure and any applicable exclusions should be reviewed before a framework is recommended.

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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 Regime in Plain English

FRS 105 is the financial reporting standard that applies when a qualifying UK company chooses to use the micro-entities regime. In simple terms, it sets out how your annual accounts should be put together: what appears on the balance sheet, what appears in the profit and loss account, and which notes are required. Compared with the standards used by larger companies, FRS 105 is deliberately lean — fewer disclosures, simpler measurement rules and a format that is easier for a director to read and understand. It is worth being clear that the micro-entities regime is a choice rather than an obligation. A company that qualifies may still decide to report under another framework, such as FRS 102 Section 1A. FRS 105 applies when the micro-entities regime is the framework your company uses. Because the rules interact with company law and with tax reporting, it is worth taking advice before you commit to an approach.

Who Can Use FRS 105 in the UK? Eligibility for Birstall Companies

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 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. Those figures are a starting point rather than the whole answer, because additional rules and exclusions can apply. Some companies are excluded from the micro-entities regime whatever their size, and eligibility is assessed on a continuing basis, so a company that qualifies this year is not guaranteed to qualify next year. Meeting the size thresholds alone does not automatically make a company eligible, and an eligible company is never obliged to use the regime — it is a choice, and FRS 105 applies only when that choice is made.

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 is not simply a matter of repeating last year’s figures. We work from your company’s financial records — bank statements, sales and purchase information, payroll details, expense records and details of any assets, stock or loans — to build a set of financial statements that reflects the position of the business. The accounts are then prepared in line with the reporting framework your company has chosen and the requirements that apply to it. It is important to keep the different obligations separate: preparing financial statements and filing them with Companies House is one exercise, while any Corporation Tax liability is dealt with through a separate Corporation Tax Return (CT600) submitted to HMRC. We can help with both, but they are distinct pieces of work with their own rules and their own deadlines. No authority reviews or approves accounts on our behalf, and responsibility for the figures ultimately rests with the directors.

ICAEW

ACCA

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Get Help with Your FRS 105 Micro Entity Accounts in Birstall

If you would like support with FRS 105 Micro Entity Accounts, the best place to start is a conversation. Tell us about your company — what it does, how it is structured, roughly how it has traded and when your year end falls — so we can assess whether the micro-entities regime is likely to be available to you and whether FRS 105 is the right fit for your circumstances. From there we can explain exactly what we need from you, work through your records and set out clear, transparent pricing before anything begins. Whether you are preparing micro-entity accounts for the first time, considering a change of framework or simply want a second pair of eyes on your figures, we are happy to talk it through and point you in the right direction.

─── 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 written specifically for micro-entities. It sets out the form, content and measurement rules for the annual financial statements a qualifying company prepares when it chooses to apply the micro-entities regime. In practice that means a simplified balance sheet, a simplified profit and loss account and a much shorter set of notes than you would see under other standards. FRS 105 sits alongside other UK reporting frameworks such as FRS 102 and FRS 101, each of which suits a different type of company.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is a two-part test: the company needs to be small enough under the applicable size conditions, and it must not fall within any of the categories that are excluded from the regime. Meeting the size conditions does not by itself guarantee eligibility, and even a company that is eligible is not forced to use FRS 105. We look at your company's specific circumstances before recommending a framework.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies may instead choose to prepare its accounts under another framework, most commonly FRS 102 Section 1A, which is designed for small companies. The choice affects the level of disclosure and the measurement options available, so it is worth thinking about what your readers — lenders, investors or other stakeholders — may expect before deciding. Once a framework is chosen, the accounts should be prepared consistently with it.

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 following 3 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. Different limits applied to earlier periods. The size tests are only part of the picture, because the rules also exclude certain types of company from the regime regardless of size, and eligibility is assessed on an ongoing basis rather than once and for all. It is always worth checking your position for the specific period you are reporting on.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the wider UK standard for companies that are not micro-entities, and Section 1A of FRS 102 is the usual route for small companies. FRS 105 is more stripped back: fewer disclosures, simpler measurement rules, no fair value accounting or revaluation of assets, and a shorter, more prescriptive format for the financial statements. FRS 102 gives more flexibility and requires more information to be disclosed. Neither is automatically better — the right one depends on your company's size, structure and what you need the accounts to do.

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

Yes, where the company is required to file annual accounts, FRS 105 Micro Entity Accounts still need to be delivered to Companies House within the statutory filing deadline for the period. Micro-entity accounts can be filed in a simplified format, which is one of the practical attractions of the regime. Filing accounts at Companies House is a separate exercise from anything submitted to HMRC, and the two should not be confused. If you are unsure whether a particular filing exemption applies to your company, that is worth checking before you rely on it.

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

Yes, they are two different filings with two different audiences. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and delivered to Companies House. A Corporation Tax Return, known as a CT600, is submitted separately to HMRC to report the company's taxable profits for the period. The starting point for the CT600 is usually the profit shown in the accounts, but tax adjustments — for example the treatment of depreciation compared with capital allowances — mean the taxable figure can differ from the accounting profit.

What information is needed to prepare FRS 105 accounts?

We generally need your company's bank statements and reconciliations for the period, records of sales and purchases, payroll information if you employ staff, details of any equipment, vehicles or other assets bought or sold, information about loans and finance agreements, and any stock or work-in-progress figures where relevant. Your previous year's accounts and abbreviated or full filings are also useful for comparison. The clearer and more complete your records, the more straightforward the preparation process tends to be, and any gaps can usually be worked through together.