─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Littlehampton

If you run a small limited company in Littlehampton, FRS 105 Micro Entity Accounts may be the simplest way to present your financial statements. FRS 105 is the UK financial reporting framework that applies to companies which qualify for the micro-entities regime and choose to adopt it. It strips reporting back to the essentials, so the accounts stay clear and proportionate to the size and complexity of the business. Professional preparation helps make sure those accounts are put together properly for your company’s own circumstances — the way income and costs are recorded, how the balance sheet is presented, and the disclosures that are included or, by design, left out. Because eligibility and the way the framework is applied depend on your individual facts, it is worth having a conversation about your position before the accounts are prepared. Our role is to work from your records, apply the micro-entities rules as they stand, and produce FRS 105 Micro Entity Accounts that reflect what your company has actually done.

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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
  
 
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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 .
  
 
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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

FRS 105 Explained: The Micro-Entities Regime in Plain English

FRS 105 is the financial reporting standard in UK GAAP that sets out how a micro-entity prepares its financial statements. It sits alongside the micro-entities regime, which is an accounting framework available to companies that meet the relevant size conditions. Put simply, if a company qualifies for that regime and decides to use it, FRS 105 is the standard that applies — and it is deliberately the lightest-touch set of reporting requirements available to UK companies. Under FRS 105, the accounts focus on a small number of core statements, with a simplified approach to measuring assets and liabilities and far fewer disclosures than fuller frameworks require. That means less paperwork and a set of financial statements that is easier for a director, a lender or a reader to follow. It is important to understand that FRS 105 is not automatic. Qualifying is one step; choosing to apply the micro-entities regime is another. Some companies prefer a fuller framework even when they could use FRS 105, so the decision should be looked at in the round. For directors in Littlehampton weighing up FRS 105 Micro Entity Accounts, the practical aim is straightforward: financial statements that meet the requirements of the regime you have chosen and give a true picture of your company’s position.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. For accounting periods beginning on or after 6 April 2025, the size test generally requires a company 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. The test is a threshold, not an automatic entry ticket. Other eligibility rules and exclusions apply, and some companies are prevented from using the regime regardless of their size — for example, certain entity types fall outside it. Qualifying is also only half the story: the micro-entities regime is an available accounting framework, not a requirement, so FRS 105 applies when a qualifying company chooses to use it. For a director in Littlehampton looking at FRS 105 Micro Entity Accounts, the sensible approach is to check the size conditions across the relevant periods, consider any exclusions that might apply, and then decide whether the regime suits how you want to report. If you are unsure where you stand, it is worth a short conversation before your year end.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with good records. We work from your bookkeeping, bank information, invoices, payroll detail and asset records to build financial statements that follow the measurement and disclosure requirements of the micro-entities regime as it applies to your company. That includes getting the balance sheet presentation right, dealing with matters such as directors’ loans or fixed assets sensibly, and making sure the accounts are consistent with the information you have given us. Two things are often confused, so it is worth separating them clearly. The first is the preparation of the financial statements themselves and the filing of accounts with Companies House, where your company is required to file. The second is your Corporation Tax position, which is dealt with through a separate Corporation Tax Return (CT600) submitted to HMRC. They start from the same underlying records but they are different documents with different purposes and different rules. We can help with both, and we will tell you plainly what we need from you, what we are preparing, and which filing each piece of work relates to.

ICAEW

ACCA

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

Whether you are setting up a new company, switching framework, or simply want your year-end accounts handled without fuss, we are happy to talk it through. Tell us a little about your company — what it does, how it is structured, roughly what its turnover, balance sheet total and headcount look like, and how your records are currently kept. From there we can look at whether FRS 105 Micro Entity Accounts are likely to be suitable for your circumstances, explain what the work involves, and set out clear, transparent pricing before anything begins. If FRS 105 is not the right fit, we will say so and discuss the alternatives. Get in touch with your requirements and any questions you have, and we will help you work out the sensible next step for your Littlehampton company.

─── 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 companies using the micro-entities regime. It is the simplest set of financial reporting requirements in UK GAAP, designed to keep the accounts of very small companies proportionate to their size. It covers how the financial statements are measured and presented, and it requires far fewer disclosures than fuller frameworks. In short, it is the framework that applies when a qualifying company chooses to adopt the micro-entities regime.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and then choose to apply it. 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. Other rules and exclusions can also affect whether a company is eligible, and certain types of company are excluded. Meeting the size conditions does not by itself guarantee eligibility, so it is worth checking your specific position before deciding.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies may choose to apply it, but it is not obliged to. Some qualifying companies prefer to prepare accounts under a fuller framework, for example where they need more detailed information for lenders, investors or group reporting. The choice should be made with your own circumstances in mind, and it can be reviewed as the business grows.

What is the difference between FRS 105 and FRS 102?

Both sit within UK GAAP, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard: fewer disclosures, a simplified measurement approach, and a much shorter set of financial statements. FRS 102 is the standard generally used by small and larger entities, and it covers more areas in more detail, including treatments that FRS 105 does not permit. The practical effect is that FRS 105 accounts are simpler to prepare and read, while FRS 102 accounts give a fuller picture at the cost of more work.

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

Where a company is required to file accounts at Companies House, micro-entity accounts prepared under FRS 105 are generally what get filed. This is separate from your tax position. Filing accounts at Companies House is one obligation, and it is not the same thing as submitting a Corporation Tax Return to HMRC. It is also separate from the Confirmation Statement, which is a different annual filing confirming company details rather than reporting your financial results.

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

Yes, they are distinct. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime and filed at Companies House where required. A CT600 is the Corporation Tax Return submitted to HMRC. The figures are usually built from the same underlying records, but they serve different purposes, follow different rules and go to different places. Preparing one does not automatically complete the other.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 in its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. Eligibility depends on the size conditions and any relevant exclusions, and a first period can raise practical questions about what counts towards turnover and the balance sheet total. Because the position is not automatic, it is sensible to confirm eligibility before the first set of accounts is prepared.

What information is needed to prepare FRS 105 accounts?

We normally need your accounting records for the period, including income and expense detail, bank and credit card statements, sales and purchase invoices, payroll information, and any details of loans, fixed assets or stock. Director-related transactions and anything unusual during the year should be flagged too. Good records make the process smoother and help the accounts reflect what actually happened in your business. If your bookkeeping is not up to date, say so — that can often be sorted as part of the work.