─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bognor Regis: Clear, Accurate Micro-Entity Reporting

FRS 105 Micro Entity Accounts are the annual financial statements prepared under the micro-entities regime — a simplified reporting framework available to companies that qualify and choose to apply it. For directors in Bognor Regis, the appeal is straightforward: less disclosure, a simpler balance sheet format, and financial statements that are easier to follow, while still meeting the requirements that apply to the company. Professional preparation of FRS 105 Micro Entity Accounts helps make sure the figures are drawn correctly from your records, the presentation suits your company’s circumstances, and the accounts are ready for the filing obligations that apply to you. Because eligibility depends on the size conditions and on whether any exclusions apply, it is worth reviewing your position before assuming the micro-entities regime is the right route — and if your circumstances change, the framework you use may need to change with them.

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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
  
 
      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.
  
 
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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.
  
 
      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 that sets out how micro-entity financial statements should be prepared. In simple terms, it is the rulebook for companies that qualify for the micro-entities regime and decide to use it. Where a company chooses that regime, FRS 105 applies — which is why the two are so often mentioned together as FRS 105 Micro Entity Accounts. The standard is deliberately pared back: it is designed to reduce the amount of disclosure and the complexity of the figures compared with larger reporting frameworks, so the accounts stay short and readable. Typically, this means a simplified balance sheet and a small number of notes, prepared from the company’s own accounting records. It is important to be clear about what FRS 105 is not: it is not a tax return, it is not a Confirmation Statement, and it does not automatically apply to every small company. Qualifying companies can choose to apply the micro-entities regime, and FRS 105 is the framework that governs the accounts when that choice is made. If you run a company in Bognor Regis, understanding whether the micro-entities regime suits you is the first step — the second is preparing the accounts properly under it.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime in Bognor Regis

FRS 105 is designed for companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility is assessed against size conditions, 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, subject to the relevant rules and exclusions: 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. Qualifying is not simply a matter of crossing those thresholds, though — other eligibility rules and exclusions can apply, and certain companies are prevented from using the regime regardless of their size. It also matters that the tests are applied consistently: a company that no longer meets the conditions may need to move to a different reporting framework, while a growing company may find it qualifies for the first time. For directors in Bognor Regis, the practical question is two-part: does your company qualify, and is the micro-entities regime the right choice for your circumstances? We can review both with you before FRS 105 Micro Entity 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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your financial records and the reporting requirements that apply to your company. A professional preparer will work through your bookkeeping, bank information, sales and purchase records, payroll details and asset purchases, then present the figures in the format the micro-entities regime requires. That includes getting the balance sheet structure right, keeping disclosures to the level FRS 105 permits, and making sure the accounts are consistent with the underlying records. It is also helpful to keep the different obligations separate in your mind. FRS 105 accounts are the financial statements prepared under the micro-entities regime; filing those accounts with Companies House is a separate step from your Corporation Tax obligations, and a Corporation Tax Return (CT600) is a distinct submission made to HMRC. Likewise, a Confirmation Statement is not part of your accounts — it is a separate confirmation of company information. Good preparation means each of those pieces is handled on its own terms, using the same underlying figures, so nothing is duplicated, missed or contradicted. We prepare FRS 105 Micro Entity Accounts for companies in Bognor Regis on the basis of the information and records provided, with clear, transparent pricing and a straightforward explanation of what has been done and why.

ICAEW

ACCA

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Talk to Us About Your FRS 105 Micro Entity Accounts in Bognor Regis

If you would like help with FRS 105 Micro Entity Accounts, the best place to start is a conversation about your company and its circumstances. Tell us about your trading activity, your bookkeeping and accounting records, how your company is structured, and whether you have prepared accounts before — that is usually enough for us to assess whether the micro-entities regime is likely to be suitable and what is involved in preparing your FRS 105 financial statements. If you already have draft accounts, previous year’s filings or an accountant’s working papers, sharing those helps too, as does letting us know about anything unusual in the year, such as asset purchases or changes in your shareholding. We will explain the process clearly, set out what information we need from you, and confirm how the accounts fit alongside your other filing obligations. Get in touch to discuss your FRS 105 Micro Entity Accounts requirements 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 that applies to companies using the micro-entities regime. It sets out how their annual financial statements should be prepared, including the format of the balance sheet and the limited disclosures that are required. It is a separate framework from FRS 102, and it is intentionally simpler, which is why it is often described as the micro-entity reporting standard.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and choose to apply it. Qualifying is about more than size alone — the company must meet the applicable size conditions and must not fall within any of the rules or exclusions that prevent the regime being used. If a company qualifies but decides not to use the micro-entities regime, it would prepare its accounts under a different framework instead.

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 may choose to apply it, in which case FRS 105 governs the accounts. Alternatively, a qualifying company may prefer to report under a different framework, such as FRS 102. The choice often comes down to the level of disclosure the directors want, the way the figures are measured, and what the company's stakeholders expect to see.

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, subject to the relevant rules and exclusions: 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. Meeting those size conditions does not by itself guarantee eligibility, because other rules and exclusions can apply, so it is worth checking your specific position.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the framework for companies applying the micro-entities regime, and it is deliberately streamlined: fewer disclosures, a simplified balance sheet, and limited accounting options. FRS 102 is a broader framework used by a much wider range of companies, and it generally requires more disclosure and offers more measurement choices. In practice, FRS 105 produces shorter, simpler accounts, while FRS 102 gives a more detailed picture at the cost of more work.

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

Where a company prepares accounts under FRS 105, those accounts typically form the basis of its accounts filing with Companies House, in line with the company's filing obligations. It is worth remembering that this is a separate exercise from your Corporation Tax Return and from your Confirmation Statement — accounts filing, tax filing and the confirmation of company information are three distinct requirements, each with its own submission and its own deadline.

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 regime and are used for accounts purposes. A Corporation Tax Return (CT600) is a separate submission made to HMRC to report the company's taxable position, and it is built from the company's accounts and tax adjustments rather than being the same document. The figures overlap, but the documents, the recipients and the filing requirements are different.

What information is needed to prepare FRS 105 accounts?

As a starting point, we would normally need your bookkeeping or accounting records for the period, bank statements, sales and purchase information, expense receipts or summaries, payroll and employee details where relevant, and records of any assets bought or sold. It also helps to have the previous year's accounts or filings, plus details of anything unusual such as loans, dividends or changes to the company's share structure. If you already work with an accountant or use accounting software, giving us access to that data usually speeds things along considerably.