─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Esher

If your company qualifies for the UK micro-entities regime and you have decided to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework you need. FRS 105 is the standard that applies when a qualifying micro-entity chooses the micro-entities regime, and it is deliberately simpler than the frameworks used by larger companies — but that simplicity still requires careful judgements about what is included, how figures are presented and what disclosures are required. Professional preparation of FRS 105 Micro Entity Accounts in Esher can help ensure your financial statements are put together appropriately for your company’s particular circumstances, from the first draft through to the figures you file. We work with directors and business owners across Esher and the surrounding Surrey area who want their micro-entity accounts handled accurately, explained clearly and prepared without unnecessary complexity.

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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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 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 Reporting Framework for Qualifying Micro-Entities

FRS 105 is the financial reporting standard used in the UK for companies that qualify as micro-entities and choose to apply the micro-entities regime. In simple terms, it is a set of rules that says how a very small company’s financial statements should be put together — what goes on the balance sheet, what goes on the profit and loss account, and what notes (if any) are needed. Because the micro-entities regime is designed to reduce the reporting burden on the smallest companies, FRS 105 is shorter and less complex than the standards applied by larger businesses. It is important to understand that the regime is a choice: a company that meets the qualifying conditions may decide to apply the micro-entities regime and prepare FRS 105 accounts, or it may instead report under a different framework. FRS 105 applies when that choice is made. For directors in Esher running a small limited company, the practical benefit is financial statements that reflect the company’s activity in a straightforward way, which is why so many qualifying businesses look for help with FRS 105 Micro Entity Accounts rather than working it out from scratch.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the micro-entities regime and then choose to apply it. Both parts matter: qualifying is one thing, opting in is another. On the size test, 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. However, the size conditions are only part of the picture. The micro-entities regime also carries its own eligibility rules and exclusions, and some companies are prevented from using it whatever their turnover or headcount. Meeting the thresholds therefore does not automatically guarantee eligibility, and it certainly does not oblige a company to adopt the regime. For directors in Esher considering FRS 105 Micro Entity Accounts, the sensible approach is to look at the company’s actual circumstances — its size, structure, ownership and filing history — before deciding whether the micro-entities regime is available and appropriate.

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 Esher

Preparing FRS 105 Micro Entity Accounts starts with your company’s financial records — bookkeeping, bank transactions, sales and purchase information, assets, liabilities and any relevant supporting documents. From there, the figures are assembled and presented in line with the requirements that apply to a micro-entity preparing financial statements under FRS 105. Professional involvement helps because the framework still involves decisions: which figures belong in which period, how items are measured, what the balance sheet and profit and loss account should show, and whether any notes are required. It is worth being clear about the separate strands of compliance. Your FRS 105 Micro Entity Accounts deal with the accounting and financial reporting of the company, and those financial statements are then filed with Companies House in line with the filing requirements that apply to your company. Corporation Tax is a different matter: a CT600 Corporation Tax Return is submitted to HMRC separately from the accounts, even though the two are prepared from the same underlying records. A Confirmation Statement is a further, separate filing. We can help you understand how these pieces fit together so nothing is overlooked, while preparing your FRS 105 financial statements carefully and accurately for your circumstances.

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Get Help With Your FRS 105 Micro Entity Accounts in Esher

Whether you are preparing your first set of micro-entity accounts, switching framework, or simply want your FRS 105 Micro Entity Accounts handled properly so you can get on with running the business, we are here to help. Tell us about your company — its trade, how long it has been trading, what records you hold and what you have filed previously — and we can assess whether the micro-entities regime is likely to suit your circumstances and what would be involved in preparing your accounts under FRS 105. If you already have bookkeeping or software in place, let us know, as that often makes the process smoother. Get in touch to discuss your FRS 105 Micro Entity Accounts requirements with a team that works with small companies in and around Esher, and we will explain the next steps clearly and without jargon.

─── 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 as micro-entities and choose to apply the micro-entities regime. It sets out how a qualifying company's financial statements should be prepared — what appears on the balance sheet, what appears on the profit and loss account, and what disclosure is expected. It is intentionally streamlined compared with the standards used by larger companies, on the basis that the smallest businesses should not face the same reporting burden.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than an automatic requirement. A company that meets the qualifying conditions may choose to apply it and prepare FRS 105 accounts, or it may report under a different framework. If the company does not qualify, or if the directors decide not to use the regime, FRS 105 will not apply. It is worth reviewing the position with your accountant, because the choice can affect how the accounts look and how much disclosure is needed.

What are the micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable size conditions to qualify as a micro-entity: 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 rules and exclusions can apply, and certain companies are not eligible for the regime regardless of their size. Because eligibility depends on the specific facts, it is sensible to have your company's position assessed rather than assumed.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company and differ in complexity. FRS 105 is the micro-entities standard and is the more streamlined of the two, with simpler measurement and reduced disclosure. FRS 102 is used by a much wider range of businesses, including small companies that do not use the micro-entities regime, and it covers more areas of accounting in greater depth. Moving between them is possible, but the transition needs to be handled carefully so the figures and disclosures remain consistent with the framework you have chosen.

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

The financial statements are prepared for the company and then filed at Companies House in accordance with the filing requirements that apply to it, normally in the form of accounts rather than a full set of statements. This is entirely separate from your Corporation Tax obligations. A CT600 Corporation Tax Return is submitted to HMRC and is not the same document as your FRS 105 Micro Entity Accounts, even though both are based on the same underlying financial records. A Confirmation Statement is a separate filing again.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 for its first set of accounts if it qualifies as a micro-entity and the directors choose to apply the micro-entities regime. In practice, a first-year company usually meets the size conditions comfortably, but the other eligibility rules and exclusions still need to be considered — a company can be excluded from the regime for reasons unconnected to its turnover or headcount. It is worth confirming your position before the first accounts are prepared.

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

Typically you would provide your bookkeeping records or accounting software access, bank statements and reconciliations, details of sales and purchases, payroll information if you employ staff, copies of any loan or finance agreements, details of fixed assets and any depreciation, stock or work-in-progress figures where relevant, and confirmation of amounts owed to and by the company at the period end. If you have previously filed accounts, those are helpful too. The better the records, the more straightforward the preparation — and the easier it is to answer any questions that arise along the way.

What changes are coming to micro-entity accounts filing?

Companies House has been introducing reforms to the way accounts are filed, including a move towards filing small and micro-entity accounts using software rather than paper or basic web filing. The direction of travel is towards more structured, digital submissions and closer alignment between what is filed and what the accounts contain. Because the detail and timing of these changes can shift, the practical thing to do is check the current position when your accounts are due, and make sure your records and software are in a position to meet whatever format applies.