─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in London for Qualifying Companies

FRS 105 Micro Entity Accounts in London are prepared within the financial reporting framework set out for qualifying companies that choose to apply the UK micro-entities regime. FRS 105 provides a simplified basis for preparing financial statements, which is why it appeals to many owner-managed businesses, but it is only available where a company meets the relevant eligibility conditions and decides to use that regime. Professional preparation helps ensure your accounts are put together appropriately for your company’s particular circumstances, that the figures reconcile to your underlying accounting records, and that the resulting statements are consistent with the framework you have chosen. Our role is to work through those details with you and produce clear, well-presented FRS 105 Micro Entity Accounts that reflect what your business has actually done during the period.

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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 .
  
 
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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.
  
 
      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.
  
 
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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.
  
 
      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

What Are FRS 105 Micro Entity Accounts? The Framework Explained

FRS 105 is the UK financial reporting standard that sits behind micro-entity accounts. In straightforward terms, it is the rulebook used to prepare financial statements for the smallest companies when they choose to apply the micro-entities regime. That regime is optional rather than automatic: a company that qualifies as a micro-entity can decide to use it, and where it does, FRS 105 is the standard that applies. Compared with the framework used by larger small companies, FRS 105 strips things back considerably. There are fewer accounting policy choices, far fewer disclosure notes, and a more streamlined, balance sheet-focused approach to the published accounts. The trade-off is that the accounts present a simpler picture of the business, so FRS 105 Micro Entity Accounts tend to suit companies whose directors want a lean, proportionate set of financial statements rather than a fuller disclosure package. Understanding which framework applies to your company matters, because it shapes what your accounts contain and how they are presented when they are filed.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is aimed at companies that qualify for the UK micro-entities regime and that choose to apply it. Two things have to line up: the company must fall within the eligibility rules, and its directors must decide to use the regime. On size, for accounting periods beginning on or after 6 April 2025, a company generally needs 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. Meeting those size conditions is not the whole test, however. The legislation contains additional rules and exclusions, and certain companies are not eligible for the micro-entities regime even if their figures are small. It is also possible for a company’s eligibility to change from one period to the next, for example if turnover or headcount grows. That is why FRS 105 Micro Entity Accounts should be considered on a company-by-company basis rather than assumed. In London, where company structures, group arrangements and trading patterns vary widely, checking eligibility properly before committing to a framework is a sensible first step.

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 and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your financial records: the sales and purchase information, bank and cash records, expense detail, payroll data, asset purchases and disposals, loan balances and share capital details that together tell the story of the period. From those records we prepare financial statements that follow the applicable reporting requirements for the micro-entities regime, keeping the presentation proportionate to a micro-entity and consistent with the framework your company has chosen. It is worth being clear about the different pieces of the puzzle. The financial statements themselves are one deliverable, and filing those accounts with Companies House is a separate step. Corporation Tax is separate again: a CT600 is a tax return submitted to HMRC, and while the figures in your accounts will usually inform it, it is not the same document and does not go to the same place. We can talk you through how these obligations fit together for your company.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in London

If your company may qualify for the micro-entities regime and you would like support with FRS 105 Micro Entity Accounts, the best next step is a conversation. Tell us about your business, your accounting period and how you currently keep your records, and share the information we need to assess your circumstances properly. From there we can explain how the micro-entities regime would apply to you, what the preparation process involves, and how your accounts and filing obligations fit together. Get in touch with our London team to discuss your FRS 105 Micro Entity Accounts requirements.

─── 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 a simplified framework derived from FRS 102, designed to reduce the accounting options and disclosure requirements for the very smallest companies. If a qualifying company chooses the micro-entities regime, FRS 105 is the standard used to prepare its financial statements.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under the applicable size criteria and that choose to apply the micro-entities regime. For accounting periods beginning on or after 6 April 2025, a company generally needs 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. Other rules and exclusions can apply, so meeting the size conditions does not by itself guarantee that the regime is available.

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 can choose to apply it, or it may use another framework such as FRS 102, including the small entities provisions where those are relevant. The choice is a decision for the company, and it is worth considering how much disclosure you want the accounts to include.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the broader UK financial reporting standard and offers more accounting policy choices and a greater level of disclosure. FRS 105 is a much more streamlined standard for micro-entities: it permits fewer measurement options and requires far fewer notes to the accounts. In practice, choosing between them is about matching the reporting framework to the size and complexity of your company and the level of detail you want in the published financial statements.

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

Most companies are required to file annual accounts at Companies House, and micro-entity accounts prepared under FRS 105 are filed in that way. Micro-entity accounts are typically presented in a simplified form, with a balance sheet and a limited set of notes. Filing the accounts is a separate exercise from dealing with Corporation Tax, and the directors remain responsible for ensuring the accounts are prepared properly and filed on time.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime, while a CT600 is a Corporation Tax Return submitted to HMRC. Although the figures in your accounts will usually feed into the tax return, they are separate documents with separate purposes and separate submission routes. Preparing the accounts does not itself discharge your Corporation Tax obligations.

Can a new limited company use FRS 105?

It may be able to, if it qualifies as a micro-entity and chooses the regime. A newly incorporated company still has to consider the eligibility conditions in relation to its own figures and circumstances, and there are rules and exclusions that can affect whether the micro-entities regime is available. Eligibility is not automatic simply because a company is new or small, so the position should be reviewed for each company.

What changes are coming to micro-entity accounts filing?

Company filing requirements at Companies House are being reformed in stages, including a move towards filing accounts using software and requirements for micro-entity accounts to include profit and loss information. Because these changes are being introduced over time, the exact requirements can depend on your accounting period. It is sensible to check the current position before you file and to take advice on how the reforms affect your company.