─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Leigh

FRS 105 Micro Entity Accounts in Leigh are prepared under the financial reporting framework written specifically for companies that qualify for, and choose to apply, the UK micro-entities regime. FRS 105 sets out how the financial statements should be put together, including what is recognised, how amounts are measured and which disclosures are expected, so the accounts need to reflect the company’s own circumstances rather than being squeezed into a generic template. Professional preparation begins with your bookkeeping and financial records, takes account of the company’s size, activities and any transactions during the period, and then builds a set of accounts that follows the applicable reporting requirements for a micro-entity. Just as importantly, the work is kept clearly separated from other obligations: the FRS 105 financial statements are one thing, and the Corporation Tax Return (CT600) submitted to HMRC is another. Whether you are a director of a long-established Leigh company or running a newer limited company that may fit the micro-entities regime, the aim is accounts that are accurate, understandable and prepared on a consistent basis from one year to the next.

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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 300 reviews 
    
 
 
 
   
 
 
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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
  
 
      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 .
  
 
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   Mael Leboucher 
 
 
 
 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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   3rd Hub 
 
 
 
 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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   Martin Tyrrell 
 
 
 
 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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   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

─── FRS 105 EXPLAINED

What Is FRS 105? Micro-Entity Accounts Explained for Leigh Companies

FRS 105 is the UK financial reporting standard that applies to companies using the micro-entities regime. In plain terms, it is a simplified set of accounting rules for the smallest companies, allowing a shorter, more straightforward set of financial statements than the larger reporting frameworks require. The regime is not automatic: a company needs to qualify as a micro-entity, and its directors then need to decide to apply the micro-entities regime for that financial year. Once that choice is made, FRS 105 is the standard that governs how the accounts are prepared. That usually means a simpler balance sheet, a simpler profit and loss account and far fewer notes than you would see under a fuller framework, with measurement based on historical cost rather than revaluation or fair value adjustments. For directors in Leigh, the practical benefit is a clearer, leaner set of FRS 105 financial statements that still tell the real story of the business, are consistent year on year and can be used for the company’s filing obligations and internal decision making.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Leigh Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. The size test is the starting point. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 3 applicable conditions, which are 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 figures alone does not guarantee that the regime is available, because the rules also include exclusions and other conditions that depend on the type of company, its ownership and what it does. Nor is applying FRS 105 automatic for a qualifying company: the directors choose whether to use the micro-entities regime or a fuller framework such as FRS 102. For companies in Leigh, that means eligibility is best confirmed by looking at the actual numbers and the specific circumstances rather than by assuming the regime applies, and by making a deliberate, consistent choice about which framework to adopt for the period.

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 and Accurate FRS 105 Micro Entity Accounts

Accurate FRS 105 Micro Entity Accounts start with accurate records. We work from your bookkeeping, bank information, invoices, expenses and any other financial detail you provide, then prepare financial statements that follow the recognition, measurement and disclosure requirements that apply to a micro-entity. The work covers the main statements a micro-entity is expected to produce, prepared on a consistent basis and explained to you in language that makes sense, so you understand what the figures represent before anything is finalised. It helps to keep the different obligations separate. Preparing and finalising the FRS 105 accounts is one piece of work; filing accounts with Companies House is a separate step governed by the company’s filing requirements; and a Corporation Tax Return (CT600) is a distinct submission made to HMRC, based on the company’s tax position rather than on the accounts framework alone. Getting the accounts right supports the rest of the process, and we are careful to work from the information available and the applicable reporting requirements rather than assuming a particular outcome.

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ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Leigh

If your company may qualify for the micro-entities regime and you would like help preparing FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation. Tell us about your company, the accounting period in question, the records you hold and any changes in the business during the year, such as new income streams, asset purchases or director loans. From there we can assess your circumstances, confirm whether FRS 105 appears to be the right framework for you, and explain what we need to prepare the financial statements and support your wider filing obligations. Clear, transparent pricing and a practical plan for getting the work done are part of the service, and there is no obligation to proceed until you are comfortable with the approach.

─── 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 used by companies that apply the micro-entities regime. It is a simplified framework, so the financial statements are shorter and the disclosure requirements are lighter than under fuller standards. It sets out how assets, liabilities, income and expenses are recognised and measured, generally on a historical cost basis, and what a micro-entity needs to include in its accounts.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is not just a matter of being small: the company has to meet the applicable size conditions and must not fall foul of the rules and exclusions that sit around the regime, such as certain restrictions on the type of entity. Even a company that qualifies can choose a different framework instead, so applying FRS 105 is a decision for the directors.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies as a micro-entity may choose to apply the regime, in which case FRS 105 is the standard used for those accounts. A qualifying company could instead prepare its accounts under a fuller framework such as FRS 102. The choice is normally made for each financial year and should be applied consistently.

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 the 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 during the period. Meeting those size conditions is not the whole picture, because other eligibility rules and exclusions can also apply depending on the company and what it does. We look at the specific circumstances before confirming which framework fits.

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. FRS 105 is the streamlined standard for the micro-entities regime, with simpler measurement and far fewer disclosures. FRS 102 is a fuller framework used by many small and medium-sized companies, and it requires more detailed accounting and considerably more note disclosure. In practice, the choice affects how much work goes into the accounts and how much information appears in the notes.

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

Accounts prepared under FRS 105 still form part of the company's filing obligations. A company that prepares accounts for a financial year generally needs to file them with Companies House in line with its own filing requirements, and micro-entity accounts can be filed in that way. The accounts preparation and the filing itself are separate steps, so we usually confirm what needs to be filed for your particular company rather than assuming a single approach fits everyone.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are financial statements prepared under a UK accounting framework, while a CT600 is a Corporation Tax Return submitted to HMRC. The accounts and the tax return are connected in the sense that the figures inform the tax position, but the deadlines, the submission channels and the rules that govern each one are distinct. Preparing one does not automatically satisfy the other.

What information is needed to prepare FRS 105 accounts?

Typically we need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales invoices and expense records, details of any assets or borrowings, director loan movements, stock or work in progress where relevant, and information about any significant one-off transactions. If there is a previous set of accounts, that helps us keep the figures consistent. Once we see what you hold, we can tell you exactly what is missing and how best to fill the gaps.