─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Epsom

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK companies that choose to use the micro-entities regime. If your company is based in Epsom and you are looking for straightforward, properly structured accounts, FRS 105 can offer a simpler reporting route than the larger frameworks — but only where the company genuinely qualifies and the regime is the right choice for its circumstances. Professional preparation helps you work through the detail: confirming the basis of preparation, making sure the figures are drawn correctly from your accounting records, and presenting the financial statements in the format that FRS 105 expects. It also helps you keep the accounts themselves separate from other obligations, such as filing a Corporation Tax Return (CT600) with HMRC or keeping your Confirmation Statement up to date. Whether you are a director preparing accounts for the first time or an established Epsom business reviewing your reporting options, the aim is accounts that reflect your company accurately and are prepared on a consistent, defensible basis.

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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: 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 very small company’s financial statements should look when that company chooses to apply the micro-entities regime. The regime itself is a set of legal size conditions a company must meet, and FRS 105 is the accounting standard that is used when the regime is chosen. Where a company qualifies and opts in, FRS 105 allows a simpler, more concise set of financial statements than FRS 102 — typically a streamlined balance sheet with limited notes, rather than a full set of primary statements with extensive disclosures. That simplicity can suit directors of small Epsom companies who want clear, uncluttered accounts that still meet the applicable reporting requirements. It is worth being precise about what FRS 105 is and is not: it is an accounting and financial reporting framework, not a tax return. It does not remove the need to file accounts with Companies House, and it does not replace a company’s Corporation Tax Return (CT600) or its Confirmation Statement. Choosing the micro-entities regime is a decision for qualifying companies, and it is not automatic — eligibility depends on the relevant rules, and applying FRS 105 when the company is not eligible or when it does not suit its circumstances can create problems further down the line.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for UK companies that qualify for the micro-entities regime and that choose to apply it. Qualifying is a two-part test: the company must meet the applicable size conditions, and it must decide that the micro-entities regime is the right basis for its financial statements. 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 two of those three conditions is the usual starting point, but it is not the whole picture. Other eligibility rules and exclusions can apply, and certain types of company are treated differently, so the thresholds alone should never be read as an automatic green light. It is also possible for a company to qualify and still decide that FRS 105 is not appropriate, for example where lenders, investors or group requirements call for fuller disclosures. For directors of Epsom companies, the practical approach is to have the position reviewed against the company’s actual circumstances — its size, its structure, and who relies on the accounts — before the framework is confirmed for the year.

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 in Epsom

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying financial records. We work from the company’s bookkeeping, bank information, supporting documents and prior-year figures to build a set of financial statements that is consistent with the micro-entities framework and reflects what actually happened in the business. That means looking at the balance sheet, confirming the figures reconcile, and making sure the presentation and the limited disclosures are appropriate for an FRS 105 set of accounts. It also means keeping the different obligations clearly separated in your mind: the preparation of the financial statements and their submission to Companies House is one task, while the Corporation Tax Return (CT600) is a separate filing made to HMRC, and the Confirmation Statement is a separate Companies House requirement again. Good preparation reduces the chance of avoidable errors, inconsistencies between the accounts and the tax position, or a rejected filing caused by a formatting or presentation issue. It cannot guarantee a particular outcome or a company’s eligibility, and no accountant can promise that a filing will be accepted without query — what professional preparation does is give you a well-supported set of accounts, prepared on a considered basis, with a clear record of the assumptions and judgements behind it.

ICAEW

ACCA

AAT

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

If you are weighing up whether FRS 105 Micro Entity Accounts are the right fit for your Epsom company, the sensible next step is a straightforward conversation. Tell us about your business — its size, its trading history, how your records are kept, and what you need from your accounts — and we can look at whether the micro-entities regime is likely to be available to you and whether it suits your circumstances. If you have already decided to go ahead, we will let you know what information we need to get started, such as your bookkeeping records, bank statements, details of any assets and liabilities, and details of any previous accounts filed. Where the micro-entities regime is not the right option for you, we will say so and explain the alternatives. There is no obligation and no pressure: just clear, practical guidance on your reporting options, with transparent, fixed-fee arrangements where they apply.

─── 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 the financial statements of a qualifying company should be prepared when that company chooses to apply the micro-entities regime. It is deliberately simpler than FRS 102, typically producing a concise balance sheet with limited notes rather than a full set of primary statements. FRS 105 is an accounting framework — it governs how the accounts are prepared and presented, not how much tax a company pays.

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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically mean a company is eligible — the position needs to be checked against the company's specific circumstances.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A qualifying company has a choice about the framework it applies, and FRS 105 applies when the micro-entities regime is the option selected. Some qualifying companies prefer a different framework because of the disclosures it provides, the expectations of lenders or investors, or the way the business is structured. It is worth considering the alternatives before committing, particularly if your accounts are relied on by anyone outside the company.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the broader UK financial reporting standard applied by a much wider range of companies, including many small companies under the small entities regime. FRS 105 is narrower and simpler, and it is only available to qualifying micro-entities that choose the micro-entities regime. The practical differences show up in the volume of disclosure and the presentation of the accounts: FRS 105 produces far leaner financial statements, while FRS 102 generally requires more notes and more supporting detail. Which one is appropriate depends on whether your company qualifies for the micro-entities regime and what your accounts need to show.

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

Yes — preparing a set of FRS 105 financial statements and filing them with Companies House are two separate steps, and filing obligations still apply where the company is required to file accounts. The accounts prepared under FRS 105 form the basis of what is submitted. This is distinct from your Corporation Tax Return (CT600), which is filed separately with HMRC, and from your Confirmation Statement, which is a separate Companies House filing. Keeping a clear view of each obligation helps avoid confusion about what is due and when.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities reporting framework. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. The figures in the accounts usually inform the tax return, and the two should be consistent with one another, but they are different documents prepared for different purposes and submitted to different bodies. Preparing the accounts does not in itself file a tax return.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105, but eligibility depends on the applicable size conditions and any other relevant rules rather than on how long the company has been trading. A first accounting period can be affected by factors such as the length of the period and the company's activity, so it should be assessed on its own facts. It is often worth reviewing the position before the first set of accounts is prepared, so the framework is chosen deliberately rather than by default.

What information is needed to prepare FRS 105 accounts?

In practice you will usually need your bookkeeping or accounting records for the period, bank statements and reconciliations, details of sales and purchases, information on any assets and liabilities held at the period end, details of any loans or director balances, and a copy of the previous year's accounts if there are any. Payroll information may also be relevant. The exact list depends on how your company operates. Providing organised records at the outset helps the accounts be prepared efficiently and reduces the number of follow-up questions.