─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Location

If your company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework used to prepare your annual accounts. FRS 105 is the smallest and simplest of the UK accounting standards, designed for companies that meet the micro-entity size conditions and elect to report under that regime. Preparing these accounts properly means understanding which framework applies to your company, how your figures should be presented, and what needs to be included in the financial statements and any accompanying notes. Professional preparation of FRS 105 Micro Entity Accounts in Location can help you work through your records carefully, present the figures in line with the chosen framework, and stay clear about what is filed with Companies House versus what is submitted separately to HMRC. Eligibility is not automatic simply because a company is small, so it is always worth reviewing your circumstances before deciding that FRS 105 is the right route for a particular accounting period.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 Explained: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard that sits alongside the micro-entities regime. In simple terms, the micro-entities regime is an optional accounting framework available to companies that fall within the relevant size limits, and FRS 105 is the standard you apply when that regime is chosen. Because it is built for the very smallest companies, FRS 105 strips reporting back to the essentials: a straightforward balance sheet, a profit and loss account, and a small number of notes where required, with far less disclosure than you would see under a larger framework such as FRS 102. It is a real accounting framework, not a shortcut, and the figures still need to be prepared accurately from your underlying business records. Where a qualifying company decides to use the micro-entities regime, FRS 105 financial statements are what flow from that decision — which is why the choice of framework and the preparation of the accounts go hand in hand. If you are unsure whether your company qualifies or whether FRS 105 is the most suitable option for your circumstances, that is a conversation worth having before the accounts are drafted.

Who Can Use FRS 105 in the UK?

FRS 105 is designed for companies that qualify for the UK micro-entities regime and then choose to apply it. The size conditions are the starting point. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 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 during the period. Meeting those conditions is a helpful indicator, but it is not the whole test. Other eligibility rules and exclusions apply, and certain entities are not permitted to use the regime regardless of their size, so two companies of similar scale could reach different conclusions. There are also situations — such as changes in turnover, a group structure, or the expectations of lenders and investors — where a different framework may be more appropriate even though the micro-entity limits are met. Because of this, it is worth reviewing your position for each accounting period and confirming that FRS 105 is both available and suitable 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

Good FRS 105 Micro Entity Accounts start with good records. Working from your bookkeeping, bank information, invoices, expense records and any other supporting documents, the accounts can be prepared in line with FRS 105 and the reporting requirements that apply to micro-entity financial statements. That includes pulling together a balance sheet, a profit and loss account and any notes required under the framework, with figures that reflect what actually happened in the period rather than a rough estimate. It also means keeping the different obligations separate and clear: preparing the financial statements is one task, filing them with Companies House is another, and a Corporation Tax Return (CT600) is a distinct submission made to HMRC. None of these is interchangeable, and none of them is automatically handled by completing the others. Professional preparation focuses on accuracy, consistency with your records, and a presentation that matches the framework you have chosen — it does not remove your responsibility as a director for the accounts, and it is not a form of approval or endorsement by any authority.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

Whether you are preparing FRS 105 Micro Entity Accounts for the first time, switching framework, or simply want your existing accounts reviewed with fresh eyes, the next step is a straightforward conversation. Tell us about your company, the accounting period you need covered, the records you hold, and how your business is structured, and we can help you assess what is required for your circumstances. If you are not yet sure whether the micro-entities regime is the right fit, that is fine — we can look at your position and explain the practical differences between the available frameworks. Bring your questions about financial statements, Companies House filing and Corporation Tax, and we will help you work out what needs to be done and in what order. Clear, transparent pricing is available, with fixed-fee options where they suit your needs, so you know what you are agreeing to before any work begins.

─── 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 sets out how the smallest qualifying companies prepare their annual accounts, including what goes into the balance sheet and profit and loss account and which notes are required. It allows for far less disclosure than larger frameworks, which is why it is often described as the most streamlined option available under UK accounting standards.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the 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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically mean a company qualifies, and certain types of entity are excluded from the regime.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than an obligation. A company that falls within the relevant size limits can generally choose whether to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer a different framework for reasons such as the level of detail they want to show, the expectations of lenders or investors, or group reporting considerations. Once the regime is used, the accounts should be prepared on that basis consistently.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard, with a simplified format and minimal disclosure requirements. FRS 102 is the standard used more broadly, including by many small companies under Section 1A, and it involves more detailed recognition, measurement and disclosure. If a company no longer meets the micro-entity conditions, or opts for a fuller presentation, a move towards FRS 102 may become relevant, and transitions of this kind need to be handled carefully.

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

For most companies, annual accounts are filed at Companies House, and where the company has prepared FRS 105 Micro Entity Accounts those are the accounts that would generally be filed. Filing obligations vary depending on the company's circumstances, and the accounts filing requirement sits separately from other filings. It is worth confirming which obligations apply to your particular company rather than assuming a single filing covers everything.

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

Yes, they are two distinct things. FRS 105 accounts are the financial statements prepared under the micro-entities regime, while a CT600 is the Corporation Tax Return submitted to HMRC. The accounts provide the financial information that feeds into the tax return, but the CT600 is a separate submission with its own requirements. Completing one does not complete the other, which is why both are usually planned together.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it meets the eligibility conditions for the period in question and the regime is chosen. A company in its first period of trading will often sit comfortably within the size limits, but eligibility still depends on the applicable rules and exclusions rather than on the company being new. It is sensible to confirm the position for your first accounts rather than assume it.

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

In practical terms, the preparation relies on your financial records for the period: bookkeeping or accounting software records, bank statements, sales and purchase information, payroll details for the employee count, details of any assets and liabilities, and information about share capital and director's loan movements where relevant. Bringing these together before drafting begins usually makes the process smoother. If records are incomplete or held in several places, that is worth flagging early so the accounts are built on reliable figures.

FRS 105 Micro Entity Accounts in ﻿Location