─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ludgershall: Clear, Professional Support for Qualifying Companies

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework available to companies that qualify for the UK micro-entities regime and choose to apply it. For directors in Ludgershall, that means financial statements can be built around the simpler reporting basis permitted for eligible micro-entities, rather than the fuller requirements that apply to larger companies. Professional preparation helps make sure the accounts reflect your company’s financial records, the applicable reporting rules and the decisions that are relevant to your circumstances. Eligibility is not automatic, and not every small company will qualify for FRS 105, so it is sensible to review the position before accounts are prepared or filed.

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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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 .
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 Micro Entity Accounts Explained: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK accounting standard that applies when a qualifying company chooses to use the micro-entities regime for its financial statements. In plain terms, it provides a simpler financial reporting framework for very small companies, with reduced disclosure requirements and a measurement basis designed for the micro-entity size profile. The regime is optional rather than compulsory: a company must first qualify for it and then decide to apply it. Where that choice is made, FRS 105 governs how the accounts are prepared, including the balance sheet, profit and loss account and associated notes. FRS 105 Micro Entity Accounts are separate from a Corporation Tax Return (CT600); the accounts deal with financial reporting, while the CT600 deals with Corporation Tax.

Who Can Use FRS 105 Micro Entity Accounts in the UK? Eligibility for Ludgershall Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and 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. Those conditions are subject to the relevant rules and exclusions, and other eligibility factors can affect whether the regime is available. Meeting the size thresholds therefore does not guarantee that FRS 105 can be used, and the position should be assessed for the specific company and accounting period. Directors in Ludgershall can review eligibility before deciding whether FRS 105 Micro Entity Accounts are 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 Ludgershall

Professionally prepared FRS 105 Micro Entity Accounts are based on the information in your company’s financial records and the reporting requirements that apply to your accounting period. The work typically involves reviewing bookkeeping, agreeing balances, considering the appropriate micro-entity disclosures and preparing financial statements that are consistent with the FRS 105 framework. Where accounts are required to be filed with Companies House, that filing can be handled as part of the process, but it remains distinct from Corporation Tax obligations. A CT600 is a separate filing submitted to HMRC, and any Confirmation Statement or other statutory filing is also separate. Preparation is not a guarantee of a particular outcome, but it can help reduce the risk of avoidable errors and make the reporting position clearer for directors in Ludgershall.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Ludgershall

If you are assessing whether FRS 105 Micro Entity Accounts are right for your company, the next step is to discuss your circumstances with someone who understands the micro-entities regime. We can review the information you provide — such as your accounting period, company details, bookkeeping records, trial balance and any relevant notes — and explain what is needed to prepare the accounts. Whether you are preparing accounts for the first time or looking for support with an existing reporting cycle, get in touch to talk through your requirements and the available options.

─── 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 financial reporting standard used for UK micro-entity accounts when a qualifying company chooses to apply the micro-entities regime. It sets out a simpler basis for preparing financial statements, including reduced disclosure requirements and measurement rules designed for the micro-entity size profile. It is an accounting framework, not a tax return, so it sits alongside — rather than replaces — separate Corporation Tax obligations.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the UK 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 eligibility rules and exclusions can also apply, so meeting the size conditions alone does not automatically confirm that a company can use FRS 105.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not an automatic requirement. A company that qualifies may be able to choose between FRS 105 and another applicable framework, depending on its circumstances and the rules in force. The decision should be considered carefully, because the chosen framework affects how the financial statements are prepared and what is disclosed.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the size conditions are generally: 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. A company generally needs to meet at least 2 of these 3 applicable conditions, subject to the relevant rules and exclusions. Eligibility can also depend on other factors, so the criteria should be reviewed for the specific company and period rather than assumed.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entities standard, while FRS 102 is the broader UK financial reporting standard used by many companies that do not qualify for, or choose not to use, the micro-entities regime. FRS 105 generally allows a simpler measurement and disclosure approach for eligible micro-entities. FRS 102 is more detailed and can require additional disclosures and accounting treatments. The right framework depends on eligibility, the company's circumstances and the reporting choices available to it.

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

Where a company prepares FRS 105 Micro Entity Accounts for a financial year, those accounts may need to be filed with Companies House if the company is subject to filing requirements. The filing obligation depends on the company's legal form, size, exemptions and the rules for that period. Filing accounts with Companies House is separate from submitting a Corporation Tax Return to HMRC, and it is also separate from a Confirmation Statement.

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

Yes. FRS 105 Micro Entity Accounts deal with the company's financial reporting under the micro-entities regime. A CT600 is the Corporation Tax Return submitted to HMRC and is a separate filing with its own requirements. The figures in the accounts often provide a starting point for the tax return, but adjustments and additional disclosures may be needed, so the two should not be treated as the same document.

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

To prepare FRS 105 Micro Entity Accounts, an accountant will usually need company details, the accounting period, bookkeeping records or a trial balance, bank statements, invoices, expense records, details of assets and liabilities, and any relevant notes about the company's transactions. It also helps to confirm the company's eligibility position for the micro-entities regime and whether accounts need to be filed with Companies House. The exact information required can vary with the company's activities and records.