─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Kells

FRS 105 Micro Entity Accounts are the annual financial statements prepared under the UK micro-entities regime by companies that qualify for that regime and choose to apply it. If you run a small limited company in Kells, that choice affects how your accounts are structured, what they include and how much disclosure is needed. FRS 105 provides the financial reporting framework for qualifying micro-entities, and it is deliberately simpler than the frameworks used by larger companies — but it still relies on accurate records, consistent accounting treatment and a clear understanding of the rules. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are put together appropriately for your company’s circumstances, from the figures in your bookkeeping through to the format of the financial statements. Eligibility is not automatic. A company needs to meet the applicable size conditions and any other relevant rules, so the first practical step is always to check whether the micro-entities regime is available and suitable for you.

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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  
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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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 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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 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 .
  
 
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 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
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 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
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 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
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─── FRS 105 EXPLAINED

FRS 105 Explained for Micro-Entities in Kells

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 micro-entity should prepare its annual financial statements when it chooses to apply the micro-entities regime. That regime is a simplified accounting framework: it recognises that very small companies do not need the same level of detailed disclosure as larger businesses, so the financial statements are shorter and more straightforward to read. FRS 105 applies when a company qualifies for the micro-entities regime and decides to use it, which is a choice rather than an obligation — qualifying companies can also use other available frameworks, such as FRS 102. The accounts are usually built around a simple balance sheet with limited notes, prepared from the company’s financial records. It is worth being clear that FRS 105 is an accounting framework, not a tax filing. It sits behind the annual accounts and is separate from Corporation Tax Returns (CT600) and from Confirmation Statements. Because eligibility depends on your own circumstances, it is sensible to confirm your position before preparing anything.

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. The two elements matter equally: a company must be eligible, and it must decide to use the regime rather than another available framework. 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 figures give a useful indication of where the boundaries sit, but they are not the only test. Other eligibility rules and exclusions can apply, and some types of company are not able to use the micro-entities regime at all, so meeting the size conditions does not automatically confirm eligibility. If you run a small company in Kells and think FRS 105 Micro Entity Accounts may suit you, the sensible approach is to have your specific position reviewed before the 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

Well-prepared FRS 105 Micro Entity Accounts start with good records and a proper understanding of the reporting requirements that apply to your company. We work from the information you provide — bookkeeping, bank and transaction records, invoices, payroll data and details of assets and liabilities — and prepare financial statements that reflect your trading position in line with FRS 105 as it applies to your circumstances. That includes considering the balance sheet, the limited notes required under the micro-entities regime and how the figures are presented. It is important to separate the different obligations involved: preparing the financial statements, filing annual accounts with Companies House, and dealing with Corporation Tax through a CT600 submitted to HMRC are distinct tasks with their own rules and deadlines. We can help you keep track of each one. Our role is to prepare your accounts carefully and accurately based on the records supplied — we do not claim that Companies House or HMRC approves, endorses or reviews our work, and no outcome can be guaranteed.

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Get Help with Your FRS 105 Micro Entity Accounts in Kells

If you would like support with your FRS 105 Micro Entity Accounts in Kells, get in touch and we can talk through your circumstances. Tell us a little about your company — when it was incorporated, what it does, how it has traded and how your records are kept — and share the information needed to assess whether the micro-entities regime is available and appropriate for you. We can then explain the options, what the preparation process involves and which figures we will need, so you can make an informed decision before anything is filed. Clear, transparent pricing and a straightforward conversation from the outset, whether this is your first set of micro-entity accounts or you are reviewing how your accounts are prepared.

─── 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 that applies to micro-entities. It sets out how a qualifying micro-entity prepares its annual financial statements when it chooses to use the micro-entities regime, and it is intentionally simpler than the frameworks used by larger companies. In practice that means shorter financial statements with a limited set of notes, prepared from the company's financial records. FRS 105 is an accounting and reporting framework rather than a tax return, so it sits behind your annual accounts and is separate from your Corporation Tax filing.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for companies that qualify for it, not a requirement. A qualifying company can choose to apply the micro-entities regime, in which case FRS 105 applies to its financial statements, or it may use another framework that it is entitled to use, such as FRS 102. The right choice depends on your circumstances, your plans and the information you want your accounts to show, which is why it is worth discussing before you prepare.

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. Meeting those size conditions is not the whole picture, because other eligibility rules and exclusions can apply, and certain company types cannot use the regime. This means the size tests alone do not automatically guarantee eligibility, so the position should always be checked against the rules that apply to your company and reporting period.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting frameworks, but they differ in complexity and disclosure. FRS 102 is the fuller standard and includes a reduced disclosure regime (often referred to as Section 1A) for small companies. FRS 105 is tailored to micro-entities and is simpler still, with fewer notes and a more streamlined presentation. Some accounting treatments available under FRS 102 are not permitted under FRS 105, so the two can produce different figures in certain situations. Which one suits your company depends on eligibility, the information you want to present and any plans you have for the business.

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

Yes — a company's annual accounts are filed at Companies House, and where those accounts are prepared under FRS 105 they are filed as micro-entity accounts. The filing requirements and the methods available for submitting accounts have been updated in recent years, so it is worth confirming the current position before you file. Filing your accounts at Companies House is a separate exercise from preparing them in the first place, and it is also separate from your Corporation Tax obligations.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, which is calculated under tax rules rather than accounting rules. Your accounts figures often provide the starting point for the tax return, but adjustments are frequently needed, so the two documents can show different results. Treating them as separate tasks helps avoid confusion about what is due where.

Can a new limited company use FRS 105?

A newly incorporated company is not automatically excluded from the micro-entities regime. If it meets the relevant size conditions for its first accounting period and none of the exclusions apply, it may be able to apply FRS 105. First periods can be unusual — a company's size is measured on the basis that applies to that period, and the reporting dates may not cover a full year — so it is worth checking the position rather than assuming. If your company will grow or take on investment, it is also worth thinking ahead about whether the micro-entities regime will remain suitable.

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

The exact list depends on how your company trades, but it usually includes bank statements and transaction records, sales invoices, purchase invoices and receipts, payroll information, details of loans and hire purchase agreements, asset purchases and disposals, and closing stock or work in progress where relevant. For anything other than a first set of accounts, we will also need the previous year's figures and opening balances. Clear, complete records make the preparation process smoother and reduce the number of queries that come back to you.