─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Newton Aycliffe

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. If your company is in Newton Aycliffe and meets the relevant eligibility conditions, FRS 105 accounts can offer a simpler, more concise way of presenting your financial statements than the fuller standards used by larger companies. Professional preparation helps ensure your accounts are built from accurate financial records, reflect your company’s actual circumstances, and are presented in line with the applicable reporting requirements. It also helps you keep the accounts themselves distinct from your other obligations, such as filing a Corporation Tax Return (CT600) with HMRC or submitting a Confirmation Statement to Companies House. Not every small company qualifies, and qualification is not automatic, so it is worth reviewing your position before deciding which framework to apply.

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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

FRS 105 Explained: What It Means for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it sits alongside the micro-entities regime, which is a set of simplified accounting and reporting rules available to the smallest companies. A company that qualifies for the regime can choose to apply it, and if it does, FRS 105 is the standard used to prepare its financial statements. What makes FRS 105 distinctive is its simplicity: it uses a straightforward cost-based approach, allows a much shorter set of notes than other frameworks, and is designed to give a clear, honest picture of a very small business without unnecessary complexity. It is a financial reporting framework for the accounts, not a tax return. Your Corporation Tax position is dealt with separately through a CT600 submitted to HMRC, while your annual accounts are filed with Companies House. Choosing FRS 105 for your FRS 105 Micro Entity Accounts in Newton Aycliffe is a decision about how your figures are presented, not whether you have tax or filing obligations at all.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Both parts matter: a company has to meet the regime’s requirements, and then has to decide to use the regime rather than another framework. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 3 applicable size conditions, which are 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. Those size conditions are only part of the picture. The micro-entities regime also carries its own rules and exclusions, and certain companies are not able to use it at all, so passing the size tests does not by itself guarantee eligibility. If your business is based in Newton Aycliffe and you are unsure whether FRS 105 Micro Entity Accounts are the right fit, a review of your circumstances, your sector, and your filing history will give you a much clearer answer than assumptions based on turnover alone.

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

Preparing FRS 105 Micro Entity Accounts starts with your financial records: bookkeeping, bank information, sales and purchase records, payroll details, and any asset or liability information that affects the balance sheet. From there, the accounts are drafted in the format required by the standard, with the balance sheet, any required notes, and the supporting statements set out appropriately for a micro-entity. The aim is accurate financial reporting that genuinely reflects what has happened in your business over the period. It is important to separate this from your other obligations: the accounts are prepared and filed with Companies House, while Corporation Tax is handled through a separate CT600 submitted to HMRC, and company details are updated through a Confirmation Statement. Each serves a different purpose and follows its own rules. Working with an accountant on your FRS 105 Micro Entity Accounts in Newton Aycliffe gives you a document that is consistent, properly structured, and aligned with the framework you have chosen, so you can file with confidence rather than guesswork.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Newton Aycliffe

If you would like support with your FRS 105 Micro Entity Accounts in Newton Aycliffe, we are ready to help. Get in touch and tell us about your company: your accounting period, your sector, the records you currently keep, and whether you have already filed accounts under a different framework. That information lets us assess your circumstances and explain the options available to you. Whether you are weighing up whether the micro-entities regime suits your business, need accounts prepared from your existing records, or simply want reassurance that your financial statements are set out correctly, a straightforward conversation is the best place to start. We offer clear, transparent pricing and will talk you through what is involved 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 for micro-entities. It sets out how qualifying companies that have chosen to apply the micro-entities regime should prepare their financial statements. It is deliberately simplified: it uses a cost-based approach to measurement and requires far fewer notes and disclosures than the standards used by larger companies, making it well suited to the smallest businesses that want clear, concise accounts.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualification is based on the size criteria plus the wider rules and exclusions that apply to the regime. Meeting the size thresholds alone does not automatically mean a company qualifies, and even where a company does qualify, applying the micro-entities regime remains a choice. Your accountant can help you confirm whether your company fits the criteria before you commit to the framework.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not oblige you to use it. A company that qualifies may choose to apply the regime, in which case FRS 105 is the standard used for its financial statements. It is also possible to prepare accounts under a different framework, such as FRS 102, even where the company is small enough for the micro-entities regime. The decision usually comes down to your circumstances, the level of disclosure you are comfortable with, and any requirements from lenders, investors, or other parties.

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 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. These are the size conditions, and they sit alongside other rules and exclusions that form part of the micro-entities regime. Because the conditions interact with each other and with company-specific factors, it is sensible to check your position rather than assume you qualify.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the general financial reporting standard for UK companies and applies to a much broader range of businesses, including small companies that use the small companies regime. It involves more detailed measurement rules and significantly more disclosure than FRS 105. FRS 105, by contrast, is a stripped-back framework created specifically for micro-entities, with a simpler approach to measuring assets and liabilities and a much shorter set of notes. In short, FRS 102 gives a fuller picture; FRS 105 gives a leaner one for the smallest companies.

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

Yes, annual accounts are filed with Companies House, and where a company prepares FRS 105 Micro Entity Accounts, those are the accounts that get filed. Filing accounts is a separate obligation from your Corporation Tax duties: the CT600 is submitted to HMRC, and the Confirmation Statement is a further separate filing that confirms your company information is up to date. Each has its own purpose, its own content, and its own route of submission, so it helps to treat them as three distinct tasks rather than one combined exercise.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105, but it depends on whether it qualifies for the micro-entities regime. New companies do not have a full trading history, so eligibility is usually assessed using the figures available for the period, along with any other rules that apply. If your new company qualifies and you decide to apply the regime, FRS 105 can be a practical choice because it keeps the first set of accounts simple and easy to follow. It is worth confirming your position with an accountant before your first set of accounts is prepared.

What information is needed to prepare FRS 105 accounts?

Typically you will need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase records, payroll information, details of any assets and liabilities, and confirmation of any loans, directors' balances, or share capital movements. If your records have been kept on a spreadsheet or in cloud accounting software, that can save time. The more complete and up-to-date your records are, the more straightforward the preparation of your FRS 105 Micro Entity Accounts in Newton Aycliffe tends to be, and the fewer follow-up questions are needed along the way.