─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Boston

FRS 105 Micro Entity Accounts in Boston are prepared under the financial reporting framework designed for companies that qualify for, and choose to apply, the UK micro-entities regime. FRS 105 sets out how the financial statements of a qualifying micro-entity should be drawn up, including the form of the balance sheet and profit and loss account and the limited disclosures that apply. Professional preparation matters because eligibility is not automatic: a company needs to meet the relevant size conditions and must not fall within any of the exclusions, and the framework suits some businesses far better than others. We work through your records, consider how the micro-entities regime applies to your particular circumstances, and prepare FRS 105 accounts that present your trading position clearly, so you have financial statements you can rely on and a proper understanding of what is being filed.

🔥 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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard for micro-entities — the smallest companies that meet the micro-entity size conditions and choose to use the micro-entities regime. In plain terms, it is a simplified accounting framework: fewer disclosures, simpler measurement rules and a shorter set of financial statements than larger companies produce. When a qualifying company decides to apply the micro-entities regime, FRS 105 is the standard that then applies to its accounts. In practice that usually means a concise balance sheet, a profit and loss account and a small number of notes, rather than the fuller reporting required under FRS 102. For directors of small Boston companies, the appeal is straightforward: accounts that are quicker to prepare, easier to read and focused on the information that actually matters, while still presenting the company’s financial position in line with the applicable requirements.

Who Can Use FRS 105 in the UK? Eligibility for the Micro-Entities Regime

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it — it is not a framework that every small company can simply adopt. 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. Those thresholds are the framework for the assessment, not a guarantee of eligibility. Other eligibility rules and exclusions can apply depending on the company’s structure and circumstances, so meeting the size conditions alone does not always mean a company qualifies for the micro-entities regime. Where a company does qualify, applying the regime remains a choice, and FRS 105 applies 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.

Accurate Financial Reporting: Professionally Prepared FRS 105 Micro Entity Accounts

FRS 105 Micro Entity Accounts are built from your company’s financial records — bookkeeping, bank transactions, invoices, payroll information and any other supporting documentation — and prepared in line with the reporting requirements that apply to the micro-entities regime. The work typically covers drafting the balance sheet, profit and loss account and supporting notes, and putting the financial statements into a form suitable for filing at Companies House. That filing is separate from your Corporation Tax obligations: a CT600 is a Corporation Tax Return submitted to HMRC and based on the company’s taxable profits, which can differ from the profit shown in the accounts once tax adjustments are made. FRS 105 accounts, by contrast, are the financial statements themselves. We keep those two exercises clearly separated in our work, set out what is being prepared for which purpose, and base the accounts on the information you provide rather than on assumptions.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Boston

If you run a small company and want straightforward support with FRS 105 Micro Entity Accounts, get in touch and let’s talk it through. Tell us about your company, the accounting period you need covering and how you currently keep your records, and we can discuss whether the micro-entities regime looks appropriate for your circumstances. We will explain what information we need from you, how the accounts will be prepared and how the filing process works, with clear, transparent pricing and no unnecessary jargon. Whether you are preparing micro-entity accounts for the first time, unsure whether FRS 105 is the right framework, or moving across from a different basis of preparation, a short conversation is usually the quickest way to get clarity.

─── 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 — companies that qualify for the micro-entities regime and choose to use it. It provides a simplified set of accounting and disclosure requirements, so the accounts are shorter and less detailed than those prepared under FRS 102. The key point is the order of events: a company first qualifies for and chooses the micro-entities regime, and FRS 105 is then the framework its financial statements are prepared under.

Who can use FRS 105?

FRS 105 is intended for companies that meet the micro-entity size conditions, are not caught by any of the applicable exclusions, and choose to apply the micro-entities regime. Meeting the size conditions on their own does not automatically mean a company qualifies, because other eligibility rules can affect the position. Eligibility therefore needs to be checked against the company's own circumstances, including its structure and the nature of its activities, rather than assumed from a quick look at turnover and employee numbers.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, and FRS 105 applies when that regime is chosen. A company that meets the size conditions may still prefer to prepare its accounts under FRS 102 — for example if it wants fuller disclosure, needs a particular accounting treatment, or has shareholders or lenders who expect a more detailed set of financial statements. The choice sits with the company, subject to the applicable rules.

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. Those conditions are the starting point rather than the whole test, because other eligibility rules and exclusions can also apply. If your figures sit close to any of those limits, it is worth reviewing the position before deciding which framework to use.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the general UK financial reporting standard used by most small and medium-sized companies, and it requires fuller measurement, more disclosure and a longer set of financial statements. FRS 105 is considerably simpler: it is written specifically for micro-entities, with reduced disclosures and simplified recognition and measurement rules, producing shorter accounts. It is not simply FRS 102 with fewer notes — some treatments differ, so moving between the two frameworks can change the figures reported, which is worth understanding before making a switch.

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

Yes. Micro-entity accounts prepared under FRS 105 are still statutory accounts and need to be filed at Companies House for the relevant accounting period, in line with the filing requirements that apply to the company. They are filed as the company's annual accounts. It is also worth noting that the way accounts are submitted has been changing, with a move towards filing through compatible software rather than the older web-filing route, so it is sensible to confirm the current position for your year end.

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

Yes, they are two separate things. FRS 105 accounts are the company's financial statements, prepared under the micro-entities regime and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, based on the company's taxable profits, which may differ from the accounting profit because of tax adjustments such as disallowable expenses or capital allowances. Both draw on the same underlying records, but preparing the accounts is not the same as filing the Corporation Tax Return, and each has its own deadline and requirements.

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

Typically we would look for your accounting records for the period, such as bookkeeping or a trial balance, along with bank statements, sales and purchase records, payroll information if you employ staff, details of assets and liabilities including any loans or hire purchase agreements, and the previous year's accounts for comparison. It also helps to know about any significant one-off transactions or changes during the year. If your records are incomplete or partly paper-based, we can talk through what is needed to arrive at a workable set of figures.