─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Eastbourne

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to adopt the micro-entities regime. FRS 105 is a distinct, simplified reporting standard, so it is not simply a slimmed-down version of FRS 102 — it has its own measurement rules and its own disclosure expectations, and the accounts look different as a result. Whether your company can use it depends on qualifying under the micro-entity size conditions and on no relevant exclusion applying, and even then the regime is a choice rather than an obligation. For companies in Eastbourne, professional preparation means your figures are built up from the underlying accounting records, presented in the format the framework expects, and prepared in line with your company’s own circumstances, including its trading history, asset base and any prior-year positions. It also gives you a chance to review the numbers before they are finalised, so you understand what the accounts show and what they mean for the way you run the business.

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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
  
 
      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.
  
 
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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
  
 
      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.
  
 
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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 Framework in Simple Terms

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook that sets out how a qualifying company’s annual financial statements should be put together when the micro-entities regime is used. It sits alongside the micro-entities regime itself: the regime is the legal option available to companies that meet the relevant size conditions and are not caught by an exclusion, and FRS 105 is the accounting standard that applies once a company decides to take that option. Anything that does not fit the regime has to be reported under a different framework, most commonly FRS 102. What makes FRS 105 distinctive is how much it simplifies. It keeps the core statements — a balance sheet, a profit and loss account and notes — but reduces the accounting policy choices and the volume of disclosure compared with larger-company reporting, and it generally holds assets at their original cost rather than revaluing them. For a small owner-managed company in Eastbourne, that usually means shorter accounts that are easier to read, with the emphasis on the figures that actually matter: what the business owns, what it owes, and what it earned.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Both parts matter. Qualifying is about size and status: for accounting periods beginning on or after 6 April 2025, a company generally needs to meet 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. Choosing is about what the company wants: a qualifying company may use the micro-entities regime, or it may decide that a fuller framework such as FRS 102 better suits the way it reports. There is also an important qualification on the size test itself. Meeting the thresholds does not automatically make a company eligible, because other rules and exclusions sit alongside the size conditions, and certain entities are outside the regime regardless of how small they are. Groups, companies with particular activities, and businesses whose circumstances have changed during or since the period can all need a closer look. If you are unsure where your Eastbourne company stands, the sensible step is to review the figures and the surrounding facts rather than assume one way or the other.

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 Reporting

Preparing FRS 105 Micro Entity Accounts starts with good records. We work from your bookkeeping, bank information, invoices, receipts and any other supporting detail to build a set of financial statements that reflects what your company has actually done during the period, then present those figures in the format the framework expects for a micro-entity. That covers the balance sheet, the profit and loss account and the supporting notes, together with the statements and disclosures that accompany them. It is worth separating two things that are often muddled together. Preparing and filing the accounts is one job; dealing with Corporation Tax is another. The accounts are the financial statements, and it is these that are filed with Companies House where filing is required. A Corporation Tax Return — the CT600 — is a separate submission made to HMRC, and while it draws on the same underlying figures, it follows tax rules rather than accounting rules and is submitted through a different route. Confirmation Statements are separate again, and are not accounts at all. Because FRS 105 takes a simplified approach, some of the judgements involved matter more than others, particularly around what counts as turnover, how stock and work in progress are treated, and whether anything in your records suggests the micro-entity conditions are no longer met. We will talk those points through with you so the accounts are prepared on a basis you understand and can stand behind.

ICAEW

ACCA

AAT

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

If you run a small company in Eastbourne and want your accounts prepared under the right framework, get in touch. Tell us a little about your business — what you do, how you trade, your accounting period and how your records are kept — and share the information we need to look at your circumstances properly, such as your bookkeeping, bank statements and any relevant documents. From there we can explain whether the micro-entities regime looks available to you, what your FRS 105 Micro Entity Accounts would need to include, and how preparation fits alongside your Companies House filing and your separate Corporation Tax obligations. Whether you are filing for the first time, changing from another framework, or simply want a clearer picture of your year-end position, we are happy to talk it through and set out 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 sets out how the annual financial statements of a qualifying company should be prepared when that company applies the micro-entities regime. It is a simplified framework: fewer accounting policy choices, a reduced set of disclosures, and assets generally carried at cost rather than revalued. The result is a shorter, more straightforward set of accounts for the smallest companies.

Who can use FRS 105?

It is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualifying means meeting the micro-entity size conditions and not being caught by any of the relevant exclusions — for example, certain company types are outside the regime regardless of size. It is also a choice: a company that qualifies is not obliged to use the micro-entities regime, and can report under a different framework instead.

What are the micro-entity eligibility conditions?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet 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. Meeting those size conditions is necessary, but not by itself conclusive — other eligibility rules and exclusions can apply, and the conditions have to be looked at in the context of your particular company.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an option. A company that meets the size conditions may use it, but it is not forced to, and some companies deliberately choose a fuller framework such as FRS 102 because it suits their reporting needs or the expectations of lenders and investors. The key point is that the regime is available to qualifying companies, and FRS 105 is the standard that applies once that option is taken.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the framework used by a much wider range of companies, including many small and medium-sized businesses, and it offers more accounting policy choices and requires more disclosure. FRS 105 is deliberately narrower and simpler, designed around the needs of micro-entities. In practice the differences show up in areas such as how certain items are measured and how much detail appears in the notes.

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

Where a company is required to file accounts, those accounts go to Companies House. What is filed is built from the financial statements prepared under FRS 105, and the filing requirements are set by company law rather than by the accounting standard itself. Filing rules have been changing, including requirements around the profit and loss account for periods beginning on or after 6 April 2025, so it is worth checking what applies to your specific period before you file.

Is a Corporation Tax Return separate from the FRS 105 accounts?

Yes, they are separate exercises. The FRS 105 Micro Entity Accounts are the financial statements, prepared under accounting rules. The CT600 is the Corporation Tax Return submitted to HMRC, prepared under tax rules and filed through a different process. The two are connected because the tax return starts from the accounting figures, but the adjustments, deadlines and submission routes are not the same, and completing one does not complete the other.

Can a new limited company use FRS 105?

A newly incorporated company is not automatically able to use the micro-entities regime, and first-period accounts often need particular care because the period may be longer or shorter than twelve months. Eligibility still depends on the size conditions and on whether any exclusion applies, so it is worth reviewing your first year's figures before assuming the regime is available.

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

Typically we need your bookkeeping or accounting records for the period, bank statements and reconciliations, details of sales and purchases, information on stock, work in progress and fixed assets, and any loan, lease or financing agreements. Details of the previous year's accounts help with consistency, and it is useful to know about anything unusual during the period, such as a significant purchase, a change in what the company does, or a new source of income.