─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Crewe

FRS 105 Micro Entity Accounts in Crewe are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to apply the UK micro-entities regime. Not every small company qualifies, and applying FRS 105 is a choice rather than an automatic default, so eligibility needs to be considered against the applicable size conditions and any relevant rules and exclusions before accounts are drawn up. Professional preparation helps ensure your FRS 105 financial statements are put together appropriately for your company’s particular circumstances — reflecting the transactions, balances and disclosures that apply to your business, and presented in the simplified format the micro-entities regime allows. Whether you are newly incorporated, trading steadily, or reviewing how your accounts are currently prepared, we can help you understand what FRS 105 Micro Entity Accounts involve, what information is needed, and how the resulting financial statements fit alongside your wider company filing obligations.

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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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 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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 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 Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is the rulebook that sets out how a qualifying micro-entity prepares its annual financial statements when it chooses to apply the micro-entities regime. It sits alongside the UK’s other reporting frameworks, such as FRS 102, but it is deliberately simpler: it allows a more streamlined balance sheet and profit and loss account, and it comes with reduced disclosure requirements compared with the fuller standards. The important point is that FRS 105 is not compulsory for every small company. A company must first qualify for the micro-entities regime under the applicable size conditions and other eligibility rules, and then it must actually choose to use that regime. FRS 105 applies when that choice is made. For directors of small companies in Crewe, that means FRS 105 Micro Entity Accounts can be an efficient way to report the company’s financial position and performance, provided the regime genuinely suits the company and it continues to meet the relevant conditions.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and that choose to apply it. Qualifying is a two-stage question. First, the company needs to fall within the applicable size conditions. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable 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. Second, the company must not be caught by other eligibility rules or exclusions that take it outside the regime. Meeting the size conditions alone does not guarantee eligibility, and it does not oblige a company to use FRS 105 either — the regime is a choice. Where a company qualifies and decides to apply it, FRS 105 becomes the framework for its financial statements. If you run a company in Crewe and are unsure where you stand, reviewing your circumstances before preparing FRS 105 Micro Entity Accounts is the sensible first step.

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 properly starts with accurate financial records. We work from your bookkeeping, bank records, invoices, receipts and other supporting information to build a set of FRS 105 financial statements that reflects your company’s trading activity and financial position for the accounting period. That means preparing the balance sheet, profit and loss account and any required notes in line with the micro-entities regime and the applicable reporting requirements, and making sure the figures are internally consistent and supported by the underlying records. It is also worth being clear about what sits where: FRS 105 accounts are the financial statements prepared under that framework, and they are separate from a Corporation Tax Return (CT600), which is a tax filing submitted to HMRC. Filing the accounts with Companies House and dealing with Corporation Tax are distinct obligations that run alongside each other. We can help with preparing the financial statements and with the accounts filing, while explaining how your tax return and other company filings fit into the wider picture, so you know what is being submitted, where and why. Nothing here guarantees a particular outcome or acceptance by any authority — the aim is careful, well-supported preparation based on the information you provide.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Crewe

If you would like help with FRS 105 Micro Entity Accounts in Crewe, the best place to start is a straightforward conversation about your company. Tell us about your trading activity, your accounting period, how your records are currently kept, and whether you have prepared accounts under the micro-entities regime before. We can then look at your circumstances, consider whether the micro-entities regime looks suitable for your company, and explain what information we would need to prepare your FRS 105 financial statements. If you are unsure whether FRS 105 is the right framework for you, or how it interacts with your Corporation Tax Return and Companies House filing, we can talk that through as well. Get in touch to discuss your requirements and take the next step with clear, transparent pricing and practical guidance.

─── 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 sets out how a company that qualifies for, and chooses to apply, the micro-entities regime prepares its annual financial statements. It is a simplified framework, allowing a more concise balance sheet and profit and loss account with reduced disclosure compared with fuller standards such as FRS 102.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and then choose to apply it. Qualifying depends on meeting the applicable size conditions and on not being excluded by other rules. Because eligibility involves more than simply being a small company, it is worth checking your position against the current criteria before deciding which framework to use for your FRS 105 Micro Entity Accounts.

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 can generally choose whether to apply it, and FRS 105 applies when that regime is chosen. Some qualifying companies prefer a different framework, for example where they need more detailed reporting for lenders, investors or group purposes.

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 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. These are subject to the relevant rules and exclusions, so meeting the size conditions alone does not automatically mean a company qualifies.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they apply to different situations. FRS 105 is the micro-entities framework and is the more streamlined of the two, with simpler presentation and fewer disclosures. FRS 102 is the wider standard used by many small and larger entities that do not fall within, or do not choose, the micro-entities regime. The framework you use affects how the financial statements are presented and what is disclosed.

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

Where a company prepares its annual accounts under FRS 105 for a financial year, those accounts form the basis of its statutory accounts, and filing obligations with Companies House apply in the usual way for the company. FRS 105 Micro Entity Accounts and the Companies House filing are part of the same reporting process, whereas a Corporation Tax Return (CT600) is a separate submission made to HMRC.

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

Yes. FRS 105 accounts are the financial statements prepared under the micro-entities reporting framework, and a CT600 is a Corporation Tax Return submitted to HMRC. They are related in the sense that the accounts figures often feed into the tax computation, but they are separate documents with separate purposes, and one does not replace the other.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105, but eligibility still has to be assessed — being new does not automatically mean the regime applies. A first accounting period can also raise practical questions, such as the length of the period and how the accounts should be presented, so it is sensible to confirm the position for your company before preparing FRS 105 Micro Entity Accounts.

What information is needed to prepare FRS 105 accounts?

Typically we would look for your bookkeeping or accounting records, bank statements, sales and purchase information, details of any assets and liabilities, expense records, and information about directors' loans or other balances. The exact list depends on how your company operates. Clear, complete records make it easier to prepare accurate FRS 105 financial statements and to explain the figures behind them.