─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Carnforth

FRS 105 Micro Entity Accounts in Carnforth are prepared under the UK micro-entities regime, which is an available accounting framework for companies that qualify and choose to apply it. FRS 105 sets out the financial reporting requirements for qualifying micro-entities, including how assets, liabilities, income and expenses are recognised and what disclosures are made. Professional preparation can help ensure your accounts are put together appropriately for your company’s circumstances, using the records you provide and the applicable reporting rules. It can also help separate the accounts process from other obligations, such as filing a Corporation Tax Return. Eligibility is not automatic, so it is worth checking the size conditions and any exclusions before deciding whether FRS 105 is suitable.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 It Means for Micro-Entities in Carnforth

FRS 105 is the UK financial reporting standard used by qualifying micro-entities that choose to apply the micro-entities regime. In simple terms, it provides a simpler set of accounting rules for smaller companies, covering how the annual financial statements are prepared and what information needs to be included. It is not a tax return and it is not the same as a Confirmation Statement. Instead, FRS 105 financial statements are the company’s annual accounts, prepared for the members and, where required, filed with Companies House. A company can apply the micro-entities regime only if it qualifies and chooses to do so; FRS 105 then applies to those accounts. If a company does not qualify, or decides not to use the regime, another financial reporting framework such as FRS 102 may be more appropriate.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Carnforth 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, the applicable size conditions are generally met when a company meets at least 2 of 3 tests: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. However, other eligibility rules and exclusions can apply, and some companies may be excluded regardless of size. Meeting the size conditions alone does not guarantee that FRS 105 is available or appropriate, so Carnforth companies should check their position carefully before choosing the micro-entities regime.

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.

Professional Preparation of FRS 105 Micro Entity Accounts in Carnforth

Professionally prepared FRS 105 Micro Entity Accounts are built from the company’s financial records and the applicable reporting requirements. That usually means gathering information such as bookkeeping records, bank statements, sales and purchase information, payroll details where relevant, and a breakdown of assets and liabilities. The accounts themselves are financial statements prepared under FRS 105 for the company’s reporting period. Filing those accounts with Companies House is a separate step from Corporation Tax: a CT600 is a Corporation Tax Return submitted to HMRC, and it is not the same document as the FRS 105 accounts. Good quality preparation can help present a clear and consistent set of accounts, but it does not guarantee a particular filing outcome or replace the need to provide complete and accurate records.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Carnforth

If you need support with FRS 105 Micro Entity Accounts, the next step is to discuss your company’s circumstances. We can review the information you provide, including your accounting records, period dates, balance sheet position, employee numbers and any significant changes during the year, and explain what is needed to prepare the accounts. Whether you are filing for the first time, moving from another framework or simply want the accounts handled carefully, get in touch to talk through your requirements and the information required to assess the work.

─── 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 for micro-entities. It applies when a company qualifies for the micro-entities regime and chooses to use it. FRS 105 sets out simpler recognition, measurement and disclosure requirements for the annual financial statements, making it different from the fuller reporting framework in 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. 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, 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 alone does not always mean FRS 105 is available.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not an automatic requirement. If a company qualifies, it can choose to apply the regime, and FRS 105 then applies to its financial statements. A qualifying company may instead use another framework such as FRS 102, depending on its circumstances and reporting needs.

What is the difference between FRS 105 and FRS 102?

FRS 105 is designed for qualifying micro-entities and uses a simpler set of recognition, measurement and disclosure requirements. FRS 102 is a broader UK financial reporting framework used by many other companies and generally involves more detailed accounting and disclosure. A company that qualifies for the micro-entities regime may still choose FRS 102, for example if it wants or needs a fuller set of financial statements.

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

Micro-entity accounts prepared under FRS 105 are generally filed with Companies House as the company's annual accounts, subject to the applicable filing rules and statutory deadlines. Filing the accounts is separate from filing a Corporation Tax Return, and it is also separate from the Confirmation Statement. The exact filing position depends on the company's circumstances and the requirements in force for its reporting period.

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

Yes. FRS 105 accounts are financial statements prepared under the micro-entities regime. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and tax position. The accounts may provide information used in preparing the tax return, but they are separate documents with separate purposes.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies as a micro-entity for the relevant period and chooses to apply the micro-entities regime. Because a first accounting period can raise specific considerations, such as the length of the period and the company's activity, it is sensible to check eligibility before preparing the accounts rather than assuming FRS 105 will apply.

What information is needed to prepare FRS 105 accounts?

Typically, you will need accounting records covering the period, bank statements, sales and purchase details, payroll information if the company has employees, and a breakdown of assets and liabilities. Information about loans, hire purchase agreements, stock or work in progress, and any significant one-off transactions is also useful. If you have previous accounts, draft figures or a trial balance, those help the preparation process. The exact information required can vary by company.