─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts for Companies in Fordingbridge

FRS 105 is the financial reporting standard that sets out how qualifying micro-entities prepare their financial statements when they choose to apply the UK micro-entities regime. For a company in Fordingbridge, that means the accounts can be prepared in a simplified form, focused on the information the regime requires, rather than the fuller disclosures associated with wider reporting frameworks. Professional preparation helps ensure the accounts are built from the company’s own financial records and reflect its particular circumstances — its activities, its transactions and the rules that apply to it. It also helps keep the figures consistent, clearly presented and ready for the company’s filing obligations, while keeping the accounts themselves distinct from separate Corporation Tax filings. Whether FRS 105 Micro Entity Accounts are the right route depends on eligibility and on the decision to apply the micro-entities regime, so it is worth reviewing the position carefully before the accounts are prepared.

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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 Regime in Plain English

In simple terms, FRS 105 is the UK accounting standard written specifically for the smallest companies. It sits alongside the micro-entities regime, which is an available accounting regime for companies that qualify. When a company qualifies and chooses to apply that regime, FRS 105 is the standard used to prepare its financial statements. The aim is a shorter, more straightforward set of accounts: the statement of financial position (the balance sheet) and the notes the regime requires, with simpler measurement rules and reduced disclosure compared with the fuller standards used by larger entities. FRS 105 is not a tax return and it does not determine how much tax a company pays — it is about how the accounts are prepared and presented. For directors in and around Fordingbridge weighing up their options, understanding FRS 105 is the starting point for deciding whether it suits the company.

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

FRS 105 is intended for UK companies that both qualify for the micro-entities regime and choose to apply it — qualification alone does not force a company to use FRS 105. Eligibility is largely size-based. 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 the starting point, not the whole answer. Other rules and exclusions can affect whether a company is eligible — certain entities may be excluded from the regime regardless of size, and companies that form part of a group or carry on particular activities may face additional considerations. Directors in Fordingbridge should therefore treat eligibility as something to check against the company’s specific facts, rather than assume it follows automatically from the numbers.

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

FRS 105 Micro Entity Accounts are only useful if they are prepared properly. We work from the company’s financial records — bookkeeping, bank and sales information, expenses and other supporting documents — to build financial statements that reflect the company’s activity for the period and follow the requirements that apply to a qualifying micro-entity using the micro-entities regime. Preparing the financial statements is one task; filing accounts with Companies House is a separate step; and a Corporation Tax Return (CT600) submitted to HMRC is separate again. Keeping those three strands distinct matters, because each has its own rules, information and timing. Our role is to prepare the accounts accurately and clearly, explain the figures, and help directors understand what they are reviewing, based on the records and information provided.

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ACCA

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

If you run a small company in Fordingbridge and are considering FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation about your circumstances. Tell us about the company, what it does, how it is structured and how it keeps its records, and share any accounts, bookkeeping or filing information you already have. With that picture, we can assess whether the micro-entities regime is likely to be available and appropriate, explain what the accounts will include, and set out clear, transparent pricing for the work. There is no obligation, and no assumptions — every company is different, and eligibility and the choice of accounting regime are matters to review on the specific facts.

─── 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 qualifying micro-entities that choose to apply the micro-entities regime. It sets out how the financial statements are prepared and presented, using simplified measurement and reduced disclosure requirements compared with the fuller standards used by larger companies. It is an accounting framework: it governs the accounts, not the calculation of Corporation Tax.

Who can use FRS 105?

Broadly, companies that qualify for the micro-entities regime and decide to apply it. Qualification is mainly based on size, but other eligibility rules and exclusions can apply, so two companies with similar figures may not reach the same answer. Qualifying does not oblige a company to use FRS 105 — applying the micro-entities regime is a choice, and FRS 105 applies when that choice is made.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not mean a company must adopt FRS 105. It is an available regime for qualifying companies, and FRS 105 applies when the company chooses to use it. Some qualifying companies elect to prepare accounts under a different framework such as FRS 102, often because of the way their accounts are used or because of a lender's or investor's expectations.

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 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. Not every company that meets those conditions will qualify, because other rules and exclusions can affect the position, so eligibility should be checked against the company's own facts.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the wider UK standard used by many small and medium-sized companies, with more detailed measurement and disclosure requirements. FRS 105 is the lighter framework for qualifying micro-entities: fewer notes, simpler measurement and a shorter set of financial statements. The trade-off is that FRS 105 accounts give readers less information, which matters if a bank, investor or other party expects more detail.

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

Where a company prepares FRS 105 Micro Entity Accounts, those accounts normally form the basis of the statutory accounts filed with Companies House for the period. Filing is a separate administrative step from preparing the accounts, and what is filed depends on the rules and formats in force at the time. Treating the filing requirement separately from Corporation Tax obligations helps avoid confusion.

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

Yes. FRS 105 accounts are the financial statements prepared under the micro-entities regime, while a CT600 is the Corporation Tax Return submitted to HMRC. They draw on the same underlying records but serve different purposes and follow different rules — the accounts deal with financial reporting, whereas the CT600 deals with tax, including adjustments that do not appear in the accounts themselves.

What information is needed to prepare FRS 105 accounts?

Typically the company's bookkeeping or accounting records, bank statements, sales and purchase information, expense details, payroll information where relevant, and details of assets and liabilities, plus the previous period's accounts if there are any. It also helps to know how the company is structured, whether any transactions fall outside its ordinary activities, and whether lenders or other parties have an interest in the figures.