─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Denbighshire

If your company is considering the micro-entities regime, FRS 105 Micro Entity Accounts in Denbighshire give you a straightforward way to report your financial position without the complexity of a fuller accounting framework. FRS 105 is the financial reporting standard that applies when a qualifying company chooses to apply the micro-entities regime, and it sets out how the accounts should be prepared — including a simplified balance sheet, limited disclosure and a clear profit and loss account. Not every small company qualifies, and eligibility depends on the relevant size conditions and any applicable exclusions, so it is worth checking your circumstances rather than assuming you are automatically within scope. Professional preparation helps ensure the figures are built from your actual financial records, that the accounting policies suit your business, and that the resulting FRS 105 financial statements are presented appropriately. It also helps you keep the accounts preparation separate from your other filing obligations, such as your Corporation Tax Return (CT600) or Confirmation Statement, so nothing is overlooked.

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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: What It Means for Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is the accounting framework a company uses when it qualifies for the micro-entities regime and decides to apply it. If that regime is chosen, FRS 105 applies to the annual financial statements. The standard is deliberately simplified. It allows a shorter balance sheet, a simplified profit and loss account and far fewer notes than a larger company would need to provide, which makes the reporting process quicker and less costly for the smallest businesses. The trade-off is that the accounts follow the measurement rules set out in the standard rather than allowing the revaluation or fair value options available under other frameworks. FRS 105 Micro Entity Accounts in Denbighshire are therefore a good fit for owner-managed companies, contractors and small trading businesses that want tidy, low-fuss financial statements. It is important to remember that the micro-entities regime is an option, not an obligation — a company that qualifies may still choose a different framework, and a company that does not qualify cannot simply opt in.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. For accounting periods beginning on or after 6 April 2025, the size conditions are usually assessed against three measures: 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. A company generally needs to meet at least 2 of those 3 applicable conditions, subject to the relevant rules and exclusions. Those thresholds are a starting point, not the whole test. Certain entity types and companies within groups may be excluded from the regime, and the position can change from year to year if turnover, headcount or balance sheet totals move. That is why it is important to check eligibility against your own circumstances rather than assuming that being small is enough. Companies that qualify but prefer a fuller reporting framework remain free to use a different standard instead.

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 and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts is not simply a matter of copying figures across from your bookkeeping. The accounts need to be put together in line with the micro-entities regime as it applies to your company, using your financial records and the reporting requirements that are relevant to your circumstances. That means thinking about the period covered, how income and expenses are recognised, what the balance sheet should include, and which limited disclosures are appropriate. Working with an experienced accounting team helps you present a clear and accurate set of financial statements rather than a set of numbers that are technically filed but hard to rely on. It is also helpful to keep the different requirements separate in your mind. Preparing and filing the FRS 105 accounts with Companies House is one task; completing and submitting a Corporation Tax Return (CT600) to HMRC is another, and it is calculated on its own basis. A Confirmation Statement is separate again. Having one team handle the accounts, the CT600 and your general compliance calendar reduces the risk of something being missed, and it means the figures used across your filings tell a consistent story.

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Get Help With Your FRS 105 Micro Entity Accounts

If you would like support with your FRS 105 Micro Entity Accounts in Denbighshire, the best next step is a straightforward conversation about your company. Tell us about your trading activity, the period you need accounts for, who currently looks after your bookkeeping, and whether you have already filed under a different framework. If you can share your records — bank statements, sales and purchase information, payroll details and any previous accounts — we will have what we need to assess your circumstances and explain how the micro-entities regime may apply to you. We can then talk you through how the accounts would be prepared, what information is still outstanding, and how the accounts fit alongside your other filing obligations. There is no obligation to proceed, and you will get clear, transparent pricing before any work begins.

─── 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 is the framework that applies when a qualifying company chooses to apply the micro-entities regime. Compared with other standards, it is heavily simplified: it allows a shorter balance sheet, a simplified profit and loss account and very limited notes to the accounts. The idea is to reduce the cost and administrative burden of preparing annual financial statements for the smallest companies, while still producing a set of accounts that gives a true and fair view of the company's position within that framework.

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 is about more than being small in a general sense — the company needs to meet the applicable size conditions and must not fall foul of the relevant exclusions. Some entity types and some companies within groups are not eligible. Because the rules are specific, it is worth checking your position rather than assuming you are inside or outside the regime, particularly if your turnover or employee numbers have moved around recently.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not a mandatory one. A company that meets the criteria may still decide to prepare its accounts under a different framework, for example FRS 102, if that better suits its circumstances or the expectations of its lenders, investors or other users of the accounts. The key point is that FRS 105 applies when the micro-entities regime is the regime that has been chosen.

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 conditions are subject to the relevant rules and exclusions, and other eligibility requirements can also apply. Meeting the size conditions does not automatically mean a company qualifies, so the criteria should always be considered alongside the specific rules that apply to your company.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard and offers the most simplified reporting, including a short balance sheet, a simplified profit and loss account and minimal disclosures. FRS 102 is a fuller framework used by small and larger entities, with more detailed recognition, measurement and disclosure requirements — including options such as revaluation and fair value that FRS 105 does not permit. Choosing FRS 105 usually means less work and lower preparation costs, while FRS 102 can give a richer picture of the business.

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

The financial statements prepared under FRS 105 form the basis of the annual accounts that a company files at Companies House, subject to the filing requirements that apply to it. Filing the accounts is a separate exercise from completing a Corporation Tax Return (CT600), and separate again from filing a Confirmation Statement. Each has its own content, its own submission process and its own deadlines, so it is worth keeping them distinct and diarising them properly rather than treating them as a single task.

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

Yes, they are separate. FRS 105 relates to the accounting and financial reporting framework — how the annual financial statements are prepared and presented. A CT600 is the Corporation Tax Return submitted to HMRC, and it is calculated on its own basis, which will not always mirror the figures in the accounts. Preparing clear FRS 105 accounts makes that tax work more straightforward, because the starting point is well documented, but one does not replace the other. You will usually need to deal with both.

What information is needed to prepare FRS 105 accounts?

We normally need your bookkeeping or accounting records for the period, including sales and purchase information, bank and credit card statements, payroll details and any loan or hire purchase agreements. Previous accounts, details of any fixed assets bought or sold, stock figures and any money owed to or by the company are also useful. If you have already filed under another framework, letting us know helps with comparatives. Once we have the records, we can confirm whether anything is missing and how the figures will come together.