─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in East London

FRS 105 Micro Entity Accounts are statutory financial statements prepared under the UK micro-entities regime for companies that qualify for it and choose to apply it. FRS 105 is the financial reporting framework that sits behind those accounts, so it shapes how the balance sheet, profit and loss account and any supporting notes are put together. Professional preparation helps ensure your accounts reflect your company’s actual financial records and circumstances, using the measurement and disclosure approach that FRS 105 sets out for qualifying micro-entities. Importantly, applying FRS 105 is not automatic — a company must meet the relevant size conditions and be free of any exclusions before the regime is available, and the directors then decide whether to use it. If you run a small limited company in East London and want your reporting handled properly, we can prepare FRS 105 Micro Entity Accounts that are tailored to your business.

🔥 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: The Micro-Entities Reporting Framework

FRS 105 is a UK financial reporting standard written specifically for micro-entities — the smallest companies that qualify for the micro-entities regime. In plain terms, it sets out how a qualifying company’s annual financial statements should be prepared when that company chooses to use the regime. It is the simplest framework available under UK GAAP: assets and liabilities are generally measured on a historical cost basis, there are fewer measurement options than under broader standards, and the disclosure requirements are deliberately limited, which means shorter notes and a more straightforward set of accounts. FRS 105 applies to the statutory financial statements, not to tax. Choosing the micro-entities regime is a decision for the directors of a qualifying company, and FRS 105 is the standard that then applies to those accounts. For many owner-managed companies in East London, that combination of simplicity and clarity is exactly what makes it attractive.

Who Can Use FRS 105 in the UK?

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, 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. Those conditions are assessed in line with the relevant rules, and some companies cannot use the regime at all because of the exclusions that apply — for example, certain types of entity are excluded regardless of size. Meeting the size thresholds therefore does not on its own guarantee eligibility, and the directors still need to decide whether to adopt the micro-entities regime. If you are unsure whether your East London company qualifies, we can look at your circumstances and explain the options before any FRS 105 Micro Entity Accounts are prepared.

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 is about more than dropping figures into a template. We work from your company’s financial records — bookkeeping, bank and card statements, sales and purchase documentation, payroll information and asset details — to build a balance sheet and profit and loss account that are consistent with the micro-entity reporting framework and with your underlying transactions. Where disclosures are required, they are kept proportionate to what FRS 105 expects. We also keep two distinct processes separate: the preparation of the financial statements and the filing of accounts with Companies House on the one hand, and your Corporation Tax obligations on the other. A CT600 is a separate return submitted to HMRC and is not the same thing as your statutory accounts. Our role is to prepare and support accurate reporting based on the information you provide and the requirements that apply to your company — we do not guarantee any particular filing outcome or that Companies House or HMRC will accept or approve anything.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in East London

If your company may qualify for the micro-entities regime, or you are already filing under FRS 105 and want the work handled properly, get in touch. Tell us about your business — its structure, what it does, your accounting period and how your records are kept — and share the relevant financial information so we can assess your circumstances and confirm what is needed. We can talk you through what FRS 105 Micro Entity Accounts involve, how they differ from a Corporation Tax Return (CT600), and what the preparation and Companies House filing process looks like for a company like yours. If FRS 105 is not the right fit, we will say so and discuss the alternatives. Reach out to discuss your FRS 105 Micro Entity Accounts requirements in East London.

─── 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's annual financial statements should be prepared when that company chooses to apply the micro-entities regime. It is the least complex framework in UK GAAP, with a generally historical cost basis and reduced disclosure requirements compared with standards such as FRS 102.

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. 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. Meeting those size conditions is not the whole picture — other eligibility rules and exclusions can apply, and some companies are prevented from using the regime regardless of size.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not oblige a company to use it. Directors can choose between the micro-entities regime, with FRS 105, and the small companies regime, which is typically FRS 102 Section 1A. FRS 105 applies when the micro-entities regime is the option selected. The choice can affect the level of disclosure and how certain items are measured, so it is worth considering before the accounts are prepared.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the broader UK financial reporting standard, and its small companies section is used by many small companies. FRS 105 is a separate standard written only for micro-entities. FRS 105 generally requires or permits simpler measurement — largely at historical cost — and demands noticeably fewer disclosures, so the accounts are shorter. FRS 102 offers more accounting options but comes with more extensive note requirements. Neither is inherently 'better'; the right framework depends on eligibility and on what the company and its users need.

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

Yes. Where a company prepares FRS 105 Micro Entity Accounts, those are its statutory accounts for the period and they need to be filed with Companies House, alongside the other filings that apply to the company. Preparing the accounts and filing them is a distinct exercise from dealing with Corporation Tax. Filing requirements vary depending on the company and the period, so it is worth confirming the current position rather than assuming a particular format or route.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared for accounting and Companies House reporting purposes. A CT600 is a Corporation Tax Return submitted separately to HMRC, using figures that are generally based on the accounts but adjusted for tax purposes. One does not replace the other: filing statutory accounts does not satisfy Corporation Tax obligations, and submitting a CT600 is not the same as filing accounts.

What information is needed to prepare FRS 105 accounts?

We typically work from your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase documentation, payroll and employment information, details of any assets and liabilities, loan or lease agreements, and the previous year's accounts where available. The more complete and up-to-date the records, the more straightforward the process. We will confirm exactly what is needed once we understand how your company operates.

Can a new limited company use FRS 105?

A newly incorporated company is not automatically a micro-entity. It can use FRS 105 for an accounting period if it qualifies for the micro-entities regime for that period and the directors choose to apply it. A first set of accounts can cover more than 12 months, which affects how size conditions are assessed, so it is worth checking your specific position before deciding. If the company does not qualify, an alternative framework will need to be used.

What changes are coming to micro-entity accounts filing?

Companies House has been changing the way accounts can be delivered, including a shift towards filing in software format and a reduced set of filing options. Because the detail and the dates on which changes take effect can vary, and further changes have been signalled, the practical answer is to confirm the current requirements for your company's period before you file. We keep an eye on the position and will factor the applicable requirements into your FRS 105 Micro Entity Accounts.