─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Neston for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — the simplest accounting framework available to qualifying UK companies. If your company is based in Neston and meets the relevant size conditions, and you choose to apply the micro-entities regime, FRS 105 sets out how your balance sheet, notes and supporting disclosures should be presented. Because eligibility depends on more than turnover alone, professional preparation starts with a proper review of your circumstances: your company’s size, its activities and any rules or exclusions that may affect which framework you can use. From there, we work through your financial records to prepare FRS 105 Micro Entity Accounts that reflect the transactions actually recorded, present them in the recognised micro-entity format, and keep your Companies House filing clearly separated from your Corporation Tax obligations. For owner-managed companies around Neston, that means straightforward financial reporting without unnecessary complexity, supported by someone who understands how the micro-entities regime works in practice.

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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: What the Micro-Entities Regime Means for Your Neston Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is a shorter, simpler rulebook for preparing annual accounts. It sits within the UK’s micro-entities regime, which is an available accounting framework rather than something every small company is automatically placed into. A company that qualifies for the regime can choose to apply it, and when that choice is made, FRS 105 is the standard used to prepare the financial statements. Under FRS 105, accounts are generally prepared on a historic cost basis, with simpler measurement rules than larger frameworks and a reduced set of disclosures. That means fewer notes, less complexity and a set of financial statements that focuses on what a micro-entity actually needs to report. For a director running a small company in Neston, the appeal is clarity: a tidy balance sheet, straightforward notes and a format that matches how the business genuinely operates. It is worth remembering that FRS 105 is about accounting and financial reporting — it is not the same thing as a Corporation Tax Return, and it does not replace the separate tax filings a company may need to make.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Neston Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility centres on size, and 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. A Neston company that comfortably sits within those figures is likely to be in the right territory, but size alone is not the whole picture. The micro-entities regime comes with its own rules and exclusions, and some companies are not permitted to use it regardless of how small they are. There are also practical considerations beyond the technical tests — for example, whether a lender, investor or group parent expects a fuller set of financial statements prepared under a different framework. The sensible approach is to review your company’s specific position, confirm it qualifies, and then decide whether applying the micro-entities regime and preparing FRS 105 Micro Entity Accounts is genuinely the best fit for how your business reports.

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 begins with the numbers you already have: your bookkeeping, bank records, sales and purchase information, payroll data and any asset or loan details. We take those records and build a set of financial statements that reflects your company’s position for the accounting period, presented in line with the micro-entity format and the disclosure requirements that apply to it. Accuracy matters here, because the figures in your accounts feed into how the business is understood by you, by lenders and by anyone else who relies on them. Part of the work is also keeping the different obligations clearly separated. Preparing and filing your FRS 105 Micro Entity Accounts at Companies House is one exercise; a Corporation Tax Return (CT600) submitted to HMRC is a separate exercise with its own rules, deadlines and computations, and a Confirmation Statement is a separate filing again. We can help you understand which of these applies to your Neston company and how each fits together, so nothing is overlooked and no deadline is confused with another. While no one can promise a particular outcome from any filing, accounts prepared carefully and from complete records give you a far sounder basis for meeting your reporting responsibilities.

ICAEW

ACCA

AAT

Get Expert Help with Your FRS 105 Micro Entity Accounts in Neston

If your Neston company may qualify for the micro-entities regime and you would like your year-end accounts handled properly, we are ready to help. Tell us about your business — what it does, how it is structured, roughly how it has performed over the year and how you currently keep your records — and we can assess whether FRS 105 Micro Entity Accounts look like the right fit for your circumstances. If they are, we will talk you through what we need from you, explain how the preparation and filing process works, and give you clear, transparent pricing so there are no surprises. Whether you are a sole director running a small trading company, a contractor, or a landlord company in its early years, the first step is a straightforward conversation about where you are now. Get in touch 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 for micro-entities. It is the accounting framework used when a qualifying company chooses to apply the micro-entities regime, and it is deliberately simpler than the standards used by larger companies. It generally works on a historic cost basis, avoids more complex measurement rules and requires a reduced level of disclosure, which keeps the resulting financial statements shorter and more straightforward to read.

Who can use FRS 105 Micro Entity Accounts?

FRS 105 Micro Entity Accounts are for companies that both qualify for the UK micro-entities regime and decide to apply it. That includes many small, owner-managed companies, including newly incorporated limited companies that are already trading and expect to stay within the size conditions. Qualifying is not simply about being a small business, though — other eligibility rules and exclusions can apply, so the position should be checked against your company's specific circumstances before the framework is adopted.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework rather than a mandatory one. A company that meets the size conditions may still choose to prepare its accounts under a different standard, such as FRS 102 Section 1A. FRS 105 applies when a qualifying company actively chooses the micro-entities regime, which is why the decision is usually made with an eye on reporting needs, any lender or investor expectations, and how the company wants its figures presented.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 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. Meeting these size conditions is a starting point rather than an automatic qualification — certain rules and exclusions can affect whether a company is eligible for the micro-entities regime, and some companies are not permitted to use it at all.

How does FRS 105 differ from FRS 102?

FRS 102 is the wider UK financial reporting standard and includes a dedicated section for small companies, while FRS 105 is the separate standard for micro-entities. FRS 105 is the more streamlined of the two: it restricts certain accounting treatments, generally keeps everything on a historic cost basis, and asks for fewer notes to the accounts. FRS 102 offers more flexibility and more detailed disclosure, which some businesses need — for example where a lender or investor expects a fuller set of information.

Do FRS 105 Micro Entity Accounts need to be filed with Companies House?

Yes — a company that prepares its annual accounts under FRS 105 still needs to file accounts at Companies House, unless a specific exemption applies to that company. The accounts filed are based on the financial statements prepared for the period, and micro-entity filers may be able to submit a simpler version. It is worth noting that filing requirements for small and micro-entity companies have been subject to announced changes, and the detail and timing can shift, so it is sensible to confirm the current position before your filing date.

Is a Corporation Tax Return (CT600) separate from FRS 105 Micro Entity Accounts?

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the UK micro-entities accounting framework and are filed at Companies House. A Corporation Tax Return (CT600) is a separate filing submitted to HMRC to report the company's taxable profits and calculate the tax due. The figures in your accounts inform the tax computation, but the two are distinct documents with their own requirements, and a Confirmation Statement is a separate filing again.

What information do you need to prepare FRS 105 Micro Entity Accounts?

In most cases we start with your bookkeeping or accounting records for the period, bank statements, sales and purchase records, payroll information and any details of assets, loans or director's balances. It also helps to know your company's registration details, the accounting period being reported on and any changes in the business during the year. If your records are incomplete or kept in a spreadsheet, that is not a barrier — we can talk through what is available and what still needs to be pulled together before the accounts are prepared.