─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Mosborough

If your company is based in Mosborough and meets the criteria for the UK micro-entities regime, FRS 105 Micro Entity Accounts provide the financial reporting framework you can choose to apply. FRS 105 is the standard used to prepare the annual financial statements of qualifying micro-entities that have opted into that regime, and it is deliberately simpler than the frameworks used by larger companies. Professional preparation helps you work from your own records — bookkeeping, invoices, bank statements, payroll information and asset details — and translate them into a set of accounts that reflects your company’s circumstances and the reporting requirements that apply to it. Whether you are filing your first set of accounts, moving across from a different framework, or simply want reassurance that the figures are presented consistently, we can talk you through what FRS 105 Micro Entity Accounts involve in Mosborough and what information we would need from you to get started. Eligibility is not automatic: a company must satisfy the relevant size conditions and any other applicable rules before the micro-entities regime can be used, and we will always check that position with you before any work begins.

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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.

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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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 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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 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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 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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 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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 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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 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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─── FRS 105 EXPLAINED

FRS 105 Explained: The Reporting Framework for Qualifying Micro-Entities in Mosborough

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is the rulebook that sets out how a very small company’s annual financial statements should be put together when that company qualifies for the micro-entities regime and decides to use it. The micro-entities regime is an available accounting regime rather than something that is forced on a company, so qualifying businesses can choose whether to apply it. When that choice is made, FRS 105 is the standard that applies to the accounts. Compared with frameworks such as FRS 102, FRS 105 keeps things lean: there is far less disclosure, simpler measurement requirements, and a shorter, more straightforward set of financial statements. For a Mosborough-based company that qualifies, that can mean less time spent on paperwork and a clearer, more readable set of accounts for the directors and shareholders. It is worth being precise about what FRS 105 is not. It is not a tax return, it is not a Confirmation Statement, and it does not replace a company’s Corporation Tax obligations. FRS 105 Micro Entity Accounts deal with the accounting and financial reporting side of things — how the numbers are prepared and presented — while separate filings deal with tax and company record updates.

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

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. Meeting those conditions is the starting point, not a guarantee. Other eligibility rules and exclusions can apply — certain entity types are not eligible for the regime, and eligibility can be affected by factors such as whether the company is part of a group required to prepare consolidated accounts, or whether it has previously been excluded from the regime for a period. That is why we look at a company’s full circumstances rather than just its turnover and headcount. For a Mosborough-based company, the practical question is usually straightforward: do you qualify, and is the micro-entities regime the right fit for your reporting needs? If the answer is yes, FRS 105 Micro Entity Accounts give you a proportionate set of financial statements. If it is not the right fit, another framework may serve you better.

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 Mosborough

Accurate financial reporting starts with good records and careful preparation. Our approach to FRS 105 Micro Entity Accounts in Mosborough is to build the financial statements from the information your company already holds — bank and credit card statements, sales and purchase records, payroll data, expense details and any asset or liability information — and present them in line with the micro-entity reporting requirements that apply. That means preparing a balance sheet, a profit and loss account (or income statement) and the supporting notes that FRS 105 requires, in a format suitable for the company’s directors to review and approve. It is important to keep two things separate. Preparing and filing the financial statements with Companies House is an accounting and reporting exercise; it is distinct from the Corporation Tax Return (CT600), which is submitted to HMRC and deals with the company’s tax position. A Confirmation Statement is a further, separate filing that confirms the company’s registered details. We can help you understand how these obligations fit together so that nothing is overlooked, while being clear that no accountant can guarantee a particular filing outcome — accounts are prepared on the basis of the records and information provided and the reporting requirements in force at the time.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Mosborough

If you would like support with FRS 105 Micro Entity Accounts in Mosborough, get in touch and tell us a little about your company. It helps if you can share details such as your accounting period dates, the nature of your business, roughly how you keep your records, and whether you have prepared micro-entity accounts before. From there we can look at your circumstances, explain what is involved, and set out the information we would need to prepare your financial statements. Whether you are considering the micro-entities regime for the first time, comparing it with other accounting frameworks, or simply want your existing records turned into a properly presented set of accounts, a short conversation is usually the quickest way to get clarity. We offer clear, transparent pricing so you know what to expect before any work starts.

─── 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 a qualifying company's annual financial statements should be prepared when that company chooses to apply the micro-entities regime. It is a simplified framework, with fewer disclosure requirements and a shorter set of financial statements than standards such as FRS 102, which makes it suitable for very small companies that want a proportionate reporting approach.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualifying is not just a matter of being small in everyday terms — the company must meet the applicable size conditions and must not fall within any of the relevant exclusions, such as being a certain type of entity or being part of a group that is required to prepare consolidated accounts. Because the rules include conditions and exceptions beyond the headline size tests, it is worth checking your specific position rather than assuming the standard applies.

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 can choose to apply it, and FRS 105 applies when that choice is made. A qualifying company may instead report under a different framework, such as FRS 102, if that better suits its circumstances, its lenders, or its other reporting needs. The decision is usually a balance between simplicity and the level of detail that shareholders, banks or other users of the accounts are looking for.

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 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 those size conditions is the starting point rather than the whole picture, because additional eligibility rules and exclusions can apply. If your circumstances are borderline or unusual, we can review them with you.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entity standard, with simplified measurement and much lighter disclosure. FRS 102 is used by a much wider range of companies, including small and medium-sized entities, and it generally requires more detailed accounting treatments and more extensive notes to the accounts. In practice, choosing between them often comes down to whether the micro-entities regime is available and whether the reduced disclosure is acceptable to the people who rely on the accounts.

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

Yes — where a company prepares FRS 105 Micro Entity Accounts, those financial statements normally form the basis of what is filed at Companies House for the relevant accounting period, in the format and with the approvals the filing requirements call for. This is an accounting and reporting filing and should not be confused with other obligations. The company's Corporation Tax Return (CT600) is submitted separately to HMRC, and the Confirmation Statement is a further separate filing that confirms registered details rather than reporting financial performance.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entity reporting framework, and they deal with how your figures are presented and reported. A CT600 is the Corporation Tax Return submitted to HMRC, which deals with the company's tax position for the period. The two are connected in the sense that both draw on the same underlying financial records, but they are different documents, prepared for different purposes and submitted to different bodies.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 in its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. First-year accounts can raise their own questions — for example around the accounting reference date, share capital, and any start-up costs — so it is worth getting the framework confirmed early rather than after the records have been built up. We can look at your position and explain what the first set of micro-entity accounts would need to include.

What information is needed to prepare FRS 105 accounts?

Broadly, we need the records that show what the company earned, spent, owned and owed during the period. That typically includes bank and credit card statements, sales and purchase information, payroll or subcontractor details, expense records, any loan or finance agreements, and information about significant assets. It also helps to know your accounting period dates, whether the company has traded throughout, and whether anything unusual happened during the year. Once we see what you have, we can tell you if anything further is required.