─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Dorchester

FRS 105 Micro Entity Accounts in Dorchester are prepared under the financial reporting framework designed for companies that qualify for the UK micro-entities regime and choose to apply it. FRS 105 is a simplified standard compared with the frameworks used by larger companies, which makes it a practical option for many owner-managed businesses that meet the relevant size conditions. Eligibility is not automatic: a company generally needs to meet at least two of the three applicable size conditions, and other rules and exclusions can affect whether the regime is available at all. Professional preparation helps ensure your accounts are built from accurate records, reflect the company’s circumstances, and are consistent with the micro-entity framework. We can also help you see how your FRS 105 Micro Entity Accounts fit alongside your separate Corporation Tax and Confirmation Statement obligations, so nothing is left unclear.

🔥 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

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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 and Your Financial Statements

FRS 105 is the financial reporting standard that applies when a qualifying UK micro-entity chooses to use the micro-entities regime. In plain terms, it is the smallest-company accounting framework: it allows a straightforward set of financial statements, with a simplified balance sheet and profit and loss account, far fewer disclosures than larger companies face, and measurement rules that keep the numbers simple rather than relying on fair value adjustments and similar judgements. Using the micro-entities regime is a choice, not an obligation. A company that qualifies may instead apply a different framework, such as FRS 102 Section 1A, and the better option depends on the company’s circumstances and who will use the accounts. FRS 105 accounts are still statutory accounts: they must be prepared from proper accounting records and filed with Companies House where filing is required.

Who Can Use FRS 105 in the UK? Eligibility for Companies in Dorchester

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. Qualifying is about more than size, but size is the starting point: for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least two of the three 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. On top of the size tests, other eligibility rules and exclusions apply, so meeting the thresholds does not automatically mean the micro-entities regime is available. Certain types of company, including public companies and some financial or regulated entities, are not eligible, and group structures can change the picture. If your company qualifies and decides to use the regime, FRS 105 Micro Entity Accounts are the framework that applies.

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

Professionally prepared FRS 105 Micro Entity Accounts begin with your company’s records — bookkeeping, bank and cash transactions, sales invoices, expenses, asset purchases and any relevant agreements — and turn them into a coherent set of financial statements prepared under the micro-entity framework. The figures are reviewed, the applicable reporting requirements are applied, and the accounts are produced to reflect the company’s position for the accounting period. Those accounts then feed into the separate filings a company may need to make. Filing accounts with Companies House is a distinct step from submitting a Corporation Tax Return (CT600) to HMRC, and both are separate again from the Confirmation Statement. We keep these obligations clearly separated and explained. No accountant can guarantee a particular outcome or acceptance by any authority, but careful preparation based on complete records gives you accounts you can stand behind.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Dorchester

If your company may qualify for the micro-entities regime, or you are not sure whether FRS 105 is the right framework for you, talk to us about your FRS 105 Micro Entity Accounts in Dorchester. Tell us about your business, your accounting period and how your records are currently kept, and we will assess what is involved and set out your options clearly, with plain English and transparent, fixed-fee style pricing where it suits your circumstances. The more we understand about your trading activity, assets, ownership structure and any other filings you have to make, the more useful our guidance will be. Get in touch to discuss your requirements and the information we would need to get started.

─── 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 companies that qualify for the micro-entities regime and choose to apply it. It sets out how the smallest companies prepare their statutory accounts, allowing a simplified balance sheet and profit and loss account with much reduced disclosure compared with the frameworks used by larger companies. FRS 105 relates to the accounts themselves — it is not a tax return, and it does not replace a Corporation Tax Return or a Confirmation Statement.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. Qualification depends on size and on other rules: for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least two of three 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. Meeting the size tests is not the whole picture, because certain exclusions and other eligibility rules can apply, so it is worth checking your position before assuming the regime is open to you.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a requirement. A company that qualifies may choose to apply it, in which case FRS 105 applies, or it may instead use a different framework such as FRS 102 Section 1A. The choice can affect the level of detail, the disclosures and how the accounts read to lenders, investors or other users, so it is worth taking deliberately rather than by default.

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 two of the following three conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average number of employees of no more than 10. There are additional rules and exclusions — some types of company are not eligible for the regime at all, and group situations can affect the position — so the size tests alone do not guarantee that the micro-entities regime is available.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 105 is the micro-entity standard: deliberately simple, with a short set of financial statements, limited disclosures and straightforward measurement rules. FRS 102 is a broader standard, and Section 1A of FRS 102 is the small-company option, which permits more disclosures and more accounting choices than FRS 105. A company that qualifies for the micro-entities regime can usually choose between the two, and the better fit depends on your circumstances.

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

Yes, where a company is required to file accounts, its statutory accounts — including micro-entity accounts prepared under FRS 105 — are delivered to Companies House. Before filing, the accounts need to be approved and signed by a director. Filing accounts is separate from filing a Corporation Tax Return with HMRC and separate from filing a Confirmation Statement. A qualifying micro-entity is also normally exempt from a statutory audit, provided the relevant conditions are met.

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

Yes. FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared under the micro-entity framework. A CT600 is a separate Corporation Tax Return submitted to HMRC which works out the company's tax position. Both are usually prepared from the same underlying records, but they go to different authorities and serve different purposes: producing the accounts does not submit your tax return, and submitting a tax return does not file your accounts at Companies House.

What information is needed to prepare FRS 105 accounts?

In practice we need a complete picture of the accounting period: bank and cash records, sales and purchase information, expense receipts, details of any assets bought or sold, loan and finance agreements, payroll or employee numbers, and opening balances if the company has traded before. It also helps to know how the company is structured, whether it is part of a group, and whether any other filings are due. If your records are incomplete or kept in several places, we can talk through what is missing and how to pull it together before the accounts are prepared.