─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Brede

If your company is based in Brede and you are looking for FRS 105 Micro Entity Accounts, the starting point is understanding what this framework actually is and whether it suits your business. FRS 105 is the financial reporting standard that applies when a qualifying company chooses to prepare its accounts under the UK micro-entities regime. It is a simplified framework, which is precisely why it appeals to many smaller owner-managed companies — but it is not a one-size-fits-all option, and qualifying for it is not automatic. Professional preparation of FRS 105 Micro Entity Accounts means your financial statements are built around your actual bookkeeping records and the disclosure requirements that apply to your circumstances, rather than a template that may not fit. It also means the figures reported in your accounts are considered alongside your wider filing and tax obligations, so you can see how the pieces fit together. For directors in Brede running a small limited company, having someone prepare the accounts properly can remove a great deal of guesswork from year-end.

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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 a UK financial reporting standard designed for micro-entities — the smallest category of company covered by the UK’s accounting regime. The UK operates a tiered system: larger companies report under fuller standards, while smaller ones may be able to use simplified frameworks. The micro-entities regime sits at the smallest end of that scale, and FRS 105 is the standard that applies when a company qualifies for that regime and chooses to use it. In simple terms, this means the accounts are prepared on a simpler basis, with fewer disclosures and less complexity than you would find under a fuller framework such as FRS 102. The result is a set of financial statements that still shows the company’s financial position — its assets, liabilities, and results for the period — but in a more streamlined form. It is worth being clear on two points: the micro-entities regime is an available option for qualifying companies rather than a compulsory route, and FRS 105 only comes into play when that regime is the chosen basis of preparation. For directors in Brede, the practical benefit is usually a shorter, more straightforward set of accounts that is proportionate to the size and complexity of the business.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the 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 during the period. Meeting those size conditions is necessary in many cases, but it is not the end of the assessment. Other eligibility rules and exclusions apply — certain company types are not permitted to use the regime, and specific circumstances can affect whether a company can adopt it for a given period. That means a company that fits the size profile should not assume it is automatically eligible, and one that has used FRS 105 previously should not assume it will always continue to qualify. For directors in Brede, the sensible approach is to review eligibility for each accounting period against the rules in force at that time, and to consider whether the micro-entities regime is genuinely the right basis of preparation for the business rather than simply the simplest one available.

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

Preparing FRS 105 Micro Entity Accounts well comes down to accuracy and appropriateness: the accounts should reflect the company’s real financial records, be prepared on the correct basis, and include the disclosures that the framework requires for that business. That means working from reliable bookkeeping, checking that balances agree, and making sure the accounting treatment used is sensible for the transactions involved. It is also important to keep the different filing obligations distinct. Preparing the financial statements under FRS 105 is one exercise; filing the accounts with Companies House is a separate step with its own requirements; and a Corporation Tax Return (CT600) is a separate submission made to HMRC. They are related, because they draw on the same underlying records and figures, but they are not the same thing and should not be treated as interchangeable. Good preparation of FRS 105 Micro Entity Accounts therefore involves building the financial statements from your records, preparing them in line with the applicable reporting requirements for your circumstances, and then handling the filing tasks as distinct pieces of work. No one can guarantee a particular filing outcome, but careful, records-based preparation gives you the best foundation for submitting accounts that are consistent and clearly supported.

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Need Help With Your FRS 105 Micro Entity Accounts in Brede?

Whether you are preparing your first set of FRS 105 Micro Entity Accounts, reviewing your eligibility for the micro-entities regime, or simply want year-end handled by someone who works with these accounts regularly, the next step is a straightforward conversation. Tell us about your company — how it is structured, what it does, roughly how it has traded, and the records you currently keep — and we can assess your circumstances and explain what is involved in preparing your FRS 105 Micro Entity Accounts. If you already have bookkeeping, management accounts, or draft figures, sharing those helps the discussion move faster. We will talk you through the basis of preparation, what information is needed, and how the accounts sit alongside your other filing and tax obligations, so you can make an informed decision before anything is submitted.

─── 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 preparing accounts under the micro-entities regime. It is the smallest and most simplified tier of the UK's accounting framework, intended to reduce the reporting burden on very small companies. Accounts prepared under FRS 105 are still formal financial statements showing the company's financial position and results, but they are prepared on a simpler basis with far fewer disclosure requirements than a fuller framework such as FRS 102.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and choose to apply the micro-entities regime. Qualifying is not simply a matter of being small in a general sense — the company needs to meet the size criteria for the relevant accounting period, and certain company types and circumstances are excluded from the regime altogether. Because eligibility depends on the specific facts, it is worth checking your position for each set of accounts rather than assuming a previous year's treatment automatically continues.

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 for it may still choose to prepare its accounts under a fuller framework such as FRS 102, for example if it needs to present more detailed information, if a lender or investor expects it, or if the directors prefer a more comprehensive set of financial statements. FRS 105 applies when the micro-entities regime is the chosen basis of preparation.

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 these 3 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, however — other eligibility rules and specific exclusions can apply, so a company that fits the size profile is not automatically able to use the regime.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they operate at different levels of complexity. FRS 102 is the main standard for most UK companies and includes a wide range of recognition, measurement, and disclosure requirements. FRS 105 is the micro-entities standard and is deliberately more streamlined, with fewer disclosures and simpler accounting treatments. Choosing between them is really a question of which regime the company qualifies for and which basis of preparation the directors decide to adopt.

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

Preparing accounts under FRS 105 and filing them at Companies House are two separate steps. Where a company is required to file accounts, the FRS 105 financial statements form the basis of what is submitted, and the filing itself must follow Companies House requirements, including the format and content expected for accounts prepared under this framework. The preparation work and the filing task are handled as distinct parts of the process, even though they relate to the same set of figures.

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

Yes, they are separate. FRS 105 accounts are the company's financial statements, prepared under a specific accounting framework. A CT600 is a Corporation Tax Return submitted to HMRC, which deals with the company's tax position for the period. The two draw on the same underlying records, so the figures should be consistent and reconcilable, but they serve different purposes and go to different bodies. Preparing one does not, by itself, complete the other.

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

In practice, the main things needed are complete and accurate bookkeeping records for the accounting period, bank statements and reconciliations, details of any assets and liabilities at the period end, and information about amounts owed to or by the company. Details of share capital, any loans to or from directors, and supporting documents for significant transactions are also useful. The cleaner and more complete the records, the more straightforward the preparation process tends to be.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime, provided it meets the eligibility conditions for its accounting period and is not caught by any of the relevant exclusions. In a first period, the size conditions are assessed against that period's figures, and in some cases the rules look at more than one period. Because a new company has no trading history to rely on, it is sensible to review eligibility each year rather than assuming the same basis will apply indefinitely.

What changes are coming to micro-entity accounts filing?

The way small and micro-entity accounts are filed at Companies House has been changing, with a move towards filing in a more structured, digital format and a reduction in the ability to file certain abbreviated or simplified versions. For companies preparing FRS 105 Micro Entity Accounts, the practical consequence is that the figures and disclosures need to be in good shape and properly supported, because there is less latitude in how they can be presented. It is worth checking the current filing requirements for your period before you submit.