─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Maidstone

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying UK companies that choose to apply the micro-entities regime. For a Maidstone-based company, professional preparation can help ensure the accounts are put together appropriately for its circumstances, with the right format, disclosures and figures based on the company’s records. It is important to remember that FRS 105 is not automatic: eligibility depends on the company meeting the relevant micro-entity conditions and not falling within any exclusion, and the directors must decide whether the micro-entities regime is suitable. We can help review your position, prepare FRS 105 financial statements and explain how they fit alongside your other filing obligations.

🔥 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 Micro Entity Accounts Explained for Maidstone Companies

In simple terms, FRS 105 is the UK accounting standard used to prepare financial statements for companies that qualify as micro-entities and choose to use the micro-entities regime. It sits within UK GAAP and is designed to reduce the reporting burden for the smallest companies, with simpler measurement rules and fewer disclosures than frameworks such as FRS 102. A qualifying Maidstone company can therefore decide to apply the micro-entities regime and, when it does, FRS 105 Micro Entity Accounts are prepared on that basis. The accounts typically include a balance sheet, a profit and loss account and limited notes, giving a clear picture of the company’s financial position for the period. FRS 105 is separate from a Corporation Tax Return, so even where FRS 105 accounts are prepared, the company may still need to deal with its CT600 and other filings separately.

Who Can Use FRS 105 in the UK? Micro-Entity Accounts for Maidstone Companies

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. In Maidstone, a company may be able to use FRS 105 Micro Entity Accounts if it meets the relevant eligibility conditions. For accounting periods beginning on or after 6 April 2025, the size criteria generally require a company to meet at least 2 of 3 applicable conditions: turnover of no more than £1 million, 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 story, because other rules and exclusions can apply, and some companies may not be eligible even if they are small. The micro-entities regime is also optional, so a qualifying company must choose to use it. We can help you review whether FRS 105 Micro Entity Accounts may be appropriate for your Maidstone company and what information is needed to prepare them.

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.

Professional Preparation of FRS 105 Micro Entity Accounts in Maidstone

FRS 105 Micro Entity Accounts are prepared from your company’s financial records and the reporting requirements that apply to its period. The process usually involves reviewing bookkeeping, bank transactions, sales and expenses, assets and liabilities, and then producing financial statements in the appropriate format. Where the company is required to file annual accounts, those FRS 105 financial statements can be submitted to Companies House. This is separate from Corporation Tax: a CT600 is a tax return submitted to HMRC, and it may need adjustments that differ from the figures in the accounts. Professional help can support accurate preparation and a clear record of the basis used, but it does not guarantee acceptance by any authority or a particular tax outcome. The aim is to prepare FRS 105 Micro Entity Accounts carefully and consistently with the information available.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Maidstone

If you would like support with FRS 105 Micro Entity Accounts in Maidstone, get in touch to discuss your company’s circumstances. We can talk through your accounting period, the records you hold, your eligibility indicators and any filing requirements, so you can decide on the next steps. To help assess your position, it is useful to have details such as your company registration information, recent bookkeeping, bank statements, invoices, payroll information and previous accounts where available. We offer clear, transparent pricing and can explain what is involved before any work begins. Contact us to start the conversation about your FRS 105 Micro Entity Accounts.

─── 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 for micro-entities. It sets out how qualifying companies that choose to apply the micro-entities regime prepare their annual financial statements. It is part of UK GAAP and is intended to be simpler than standards such as FRS 102, with reduced disclosure and simpler measurement requirements. FRS 105 applies when a qualifying company chooses that regime for its accounts.

Who can use FRS 105?

FRS 105 is available to 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 size conditions: turnover of no more than £1 million, 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 always mean a company can use FRS 105. It is worth checking your specific circumstances.

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 may be able to choose FRS 105, but it may also be able to use another applicable framework, such as FRS 102, depending on its circumstances and what the directors consider appropriate. The choice can affect the level of disclosure and the way certain items are measured, so it should be made with advice where needed.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entity standard. It is designed for qualifying companies that choose the micro-entities regime and generally involves simpler measurement and fewer disclosures. FRS 102 is a broader UK GAAP framework used by many other companies, with more detailed recognition, measurement and disclosure requirements. A company that qualifies for FRS 105 may still choose FRS 102, but FRS 105 is not available to companies that do not meet the micro-entity eligibility rules.

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

Where a company is required to file annual accounts, micro-entity accounts prepared under FRS 105 can be filed at Companies House. The filing requirement depends on the company and its period. Filing the accounts is separate from Corporation Tax, and it does not mean that Companies House or HMRC has approved or reviewed the figures in any professional sense. If you are unsure what applies to your company, check the current guidance or take advice.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entity reporting framework. A CT600 is a Corporation Tax return submitted to HMRC. The two are related because the tax return often starts from the accounts figures, but tax adjustments, allowances and other rules can mean the taxable profit differs from the accounting profit. Deadlines and submission processes are also separate, so both may need attention.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies often begin with low turnover and few employees, but eligibility is not automatic. The company still needs to meet the relevant size conditions and not fall within any exclusion, and the first accounting period can affect how the tests are applied. It is sensible to review the position before preparing the first set of accounts.

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

To prepare FRS 105 Micro Entity Accounts, an accountant will usually need the company's accounting records for the period. That can include bank statements, sales invoices, purchase receipts, expense records, payroll information, loan or finance agreements, details of assets and liabilities, stock or work-in-progress information, and any previous accounts. Company registration details, period dates and information about transactions with directors or shareholders may also be relevant. The exact list depends on the company's activities and circumstances.