─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Denmead

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities which have chosen to use the UK micro-entities regime. For a small company in Denmead, that choice affects how the financial statements are put together — from the accounting policies and disclosures through to the format in which the balance sheet and profit and loss account are presented. Professional preparation helps ensure the accounts are built from your actual bookkeeping and financial records, reflect the company’s specific circumstances, and are presented consistently with the framework you have selected. It also helps you keep the accounts, the Companies House filing and your separate Corporation Tax obligations clearly separated, so nothing is overlooked and nothing is filed on the wrong basis. If you are unsure whether the micro-entities regime is the right fit for your Denmead company, a short review of your turnover, balance sheet total, employee numbers and any exclusions that may apply is a sensible first step.

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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 
    
 
 
 
   
 
 
       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: The Micro-Entities Reporting Framework

FRS 105 is the financial reporting standard in the UK that sits at the simplest end of the accounting framework. It is designed for companies that qualify as micro-entities and that choose to apply the micro-entities regime when preparing their annual financial statements. In plain terms, it allows a qualifying company to prepare a straightforward balance sheet and profit and loss account with a much lighter set of disclosures than larger reporting frameworks require, which keeps the accounts shorter and easier to read. Choosing the micro-entities regime is a decision, not an automatic outcome — a company must qualify, and it must actually opt to use the regime. Where that choice is made, FRS 105 applies, and the FRS 105 Micro Entity Accounts must be prepared in line with the framework’s presentation and measurement rules. FRS 105 relates only to the accounting and financial reporting side of things; it is separate from a Corporation Tax Return (CT600), a Confirmation Statement, or any other Companies House filing requirement.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and that choose to apply it when preparing their annual financial statements. Qualification is size-based. For accounting periods beginning on or after 6 April 2025, the applicable conditions are 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, and a company generally needs to meet at least 2 of those 3 conditions. It is important to treat that as a starting point rather than a definitive answer, because additional eligibility rules and certain exclusions can apply — some entities are not permitted to use the regime regardless of their size, and the position can change if the company grows, acquires another business, or forms part of a group. That is why we look at a Denmead company’s individual circumstances, including its legal form, ownership structure and recent accounting history, before confirming whether FRS 105 Micro Entity Accounts are an appropriate route.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts starts with your records — bank statements, sales and purchase information, payroll details, asset purchases, stock figures and any loans or balances owed at the year end. From there, the financial statements are built on the basis of those records and the reporting requirements that apply to a micro-entity using FRS 105. In practice, that means producing a balance sheet and profit and loss account presented in the correct format, with the limited disclosures the framework permits, and doing so consistently from one year to the next. It is worth being clear about the boundaries: preparing and filing FRS 105 financial statements with Companies House is a separate exercise from calculating and submitting a Corporation Tax Return to HMRC, and the two can show different figures because they follow different rules. Working with an experienced preparer in Denmead helps you keep those strands organised, avoid obvious inconsistencies between the accounts and the tax position, and hold a clear record of the judgements made along the way.

ICAEW

ACCA

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Talk to Us About Your FRS 105 Micro Entity Accounts in Denmead

If your Denmead company is considering the micro-entities regime, or already prepares FRS 105 Micro Entity Accounts and would like them handled properly, get in touch for a straightforward conversation. Tell us a little about your business — your accounting period, an idea of your turnover, balance sheet total and employee numbers, and how your bookkeeping is currently kept. If you have previous accounts, a trial balance or a set of management figures, sharing those helps us assess your circumstances and explain what would be involved. We can then set out the scope of work, how the accounts would be prepared, and what information we would need from you to move forward, along with clear, transparent pricing for the work discussed.

─── 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 qualifying company that has chosen to apply the micro-entities regime prepares its annual financial statements, including the format of the balance sheet and profit and loss account and the limited disclosures required. It is a simpler framework than FRS 102, which is why it is often used by very small companies that want concise, readable accounts.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and that choose to apply it. Qualification depends on size, and generally requires meeting 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. Larger companies, and certain entities excluded from the regime, cannot use it even if they look small on paper.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not an obligation. A company that qualifies may instead prepare its accounts under a different framework, such as FRS 102. FRS 105 only applies where the company has chosen to use the micro-entities regime for that set of accounts, so the decision is usually worth thinking through rather than assuming.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the size conditions are 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, with a company generally needing to meet at least 2 of these 3 conditions. Other rules, and certain exclusions, can affect eligibility, so meeting the size conditions alone does not automatically mean a company qualifies. Your specific circumstances should always be checked.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities framework, with a very short balance sheet, a simple profit and loss account and minimal disclosures. FRS 102 is used more widely and generally involves fuller recognition, measurement and disclosure requirements. Which one applies depends on the regime chosen and the company's eligibility.

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

Where a company prepares FRS 105 Micro Entity Accounts, those financial statements form the basis of the annual accounts filing made at Companies House. That filing is a separate requirement from submitting a Corporation Tax Return (CT600) to HMRC, and separate again from a Confirmation Statement. Preparing the accounts, filing them, and dealing with the tax return are distinct tasks that need to be coordinated.

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

Yes. FRS 105 deals with the accounting and financial reporting framework used to prepare the company's financial statements. A CT600 is a separate Corporation Tax filing submitted to HMRC, and it is calculated under tax rules rather than accounting rules, so figures such as taxable profit can differ from the profit shown in the accounts. The two processes often run alongside each other but should not be confused.

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

In most cases you would provide your bookkeeping records for the accounting period, bank and finance statements, details of sales and purchases, payroll information, records of any assets bought or sold, stock or work-in-progress figures where relevant, and details of loans or balances outstanding at the year end. Prior-year accounts and a trial balance are also helpful, as they allow the figures to be prepared and reviewed on a consistent basis.