─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in North Maidenhead

FRS 105 Micro Entity Accounts in North Maidenhead are prepared under the UK financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime. FRS 105 is not a tax return or a filing shortcut, and it is not available to every company automatically. It applies when a company meets the relevant eligibility conditions and decides to use the regime. Professional preparation can help ensure the accounts are put together appropriately for your company’s circumstances, using the financial records you provide and reflecting the applicable reporting requirements. If your company is considering FRS 105 Micro Entity Accounts, we can review your position, explain the information needed and help you understand how the accounts fit alongside your other filing obligations.

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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 FRS 105 Micro Entity Accounts Mean for North Maidenhead Companies

In simple terms, FRS 105 is the UK accounting standard used for FRS 105 Micro Entity Accounts. It sits within the UK micro-entities regime, which gives qualifying companies a simpler way to prepare their annual financial statements. A company can use the micro-entities regime only if it qualifies for it and chooses to apply it; FRS 105 then applies to those accounts. Compared with larger reporting frameworks, FRS 105 generally involves fewer disclosures and a more straightforward approach, focusing on the company’s balance sheet and profit and loss account. It does not replace Corporation Tax filing, and it is separate from a Confirmation Statement. For a North Maidenhead company, the key questions are whether the micro-entity conditions are met and whether applying the regime is the right choice for the period in question.

Who Can Use FRS 105 Micro Entity Accounts? UK Eligibility for North Maidenhead Companies

FRS 105 is intended for UK companies that qualify for the 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 the 3 applicable 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. However, other eligibility rules and exclusions can apply, and meeting the size thresholds alone does not automatically mean a company can or should use FRS 105. Eligibility can also change from period to period. If your North Maidenhead company is considering FRS 105 Micro Entity Accounts, we can help you review the position and decide whether the micro-entities regime is appropriate for the accounting period in question.

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 for North Maidenhead

Professionally prepared FRS 105 Micro Entity Accounts can be based on the financial records and information your company provides, alongside the applicable accounting and reporting requirements. The aim is accurate financial reporting: a clear balance sheet, profit and loss account and any required notes prepared for a qualifying micro-entity that has chosen the regime. We can help prepare the financial statements and discuss the separate Companies House filing process. Corporation Tax is different: a CT600 is filed with HMRC and is not the same as FRS 105 accounts. Preparing accounts and filing them does not imply approval, endorsement or review by Companies House or HMRC, and the accuracy of the accounts depends on the records and explanations supplied. We work through the details with you so the FRS 105 Micro Entity Accounts are tailored to your company’s circumstances.

ICAEW

ACCA

AAT

Discuss Your FRS 105 Micro Entity Accounts in North Maidenhead

If you need help with FRS 105 Micro Entity Accounts in North Maidenhead, get in touch to discuss your requirements. We can talk through your company’s eligibility for the micro-entities regime, the period you need accounts for and the records that will help us assess your circumstances. Whether you are preparing accounts for the first time or reviewing an existing approach, we can explain what information is needed and how the accounts sit alongside your other filing responsibilities. Contact us to start the conversation and find out how we can support 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 applies to FRS 105 Micro Entity Accounts when a qualifying company chooses to apply the micro-entities regime. It provides a simplified basis for preparing annual financial statements, including the balance sheet, profit and loss account and limited notes. It is an accounting framework, not a tax return.

Who can use FRS 105, and what are the current micro-entity eligibility criteria?

FRS 105 can generally be used by 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, 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 tests alone does not always guarantee eligibility.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an automatic requirement. A qualifying company can choose whether to apply it for a period, provided it meets the relevant conditions and is not excluded. If it does not choose the micro-entities regime, it may need to prepare accounts under another framework, such as FRS 102. FRS 105 Micro Entity Accounts are therefore used when the regime is chosen.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler framework for qualifying micro-entities, with fewer disclosure requirements and a more streamlined approach to the financial statements. FRS 102 is a broader UK accounting standard used by many small and medium-sized companies, and it generally involves more detailed accounting and disclosure. The right framework depends on eligibility, company circumstances and the choices made. FRS 105 Micro Entity Accounts are not simply a shorter version of FRS 102 accounts; they follow the micro-entities regime.

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

FRS 105 Micro Entity Accounts are generally prepared for the company’s annual accounts, and filing with Companies House is a separate step from preparing them. The filing requirements depend on the company and the period, so it is important to check the current rules. Filing accounts is also separate from filing a Corporation Tax Return with HMRC. We can help you understand the preparation and filing process for your North Maidenhead company.

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. A CT600 is a Corporation Tax Return submitted to HMRC. The accounts often provide information used in preparing the tax return, but they are not the same document and they are filed with different bodies for different purposes. A Confirmation Statement is also separate. If you need support with accounts and tax filing, these should be discussed as distinct requirements.

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. Eligibility depends on the applicable size conditions, the company’s circumstances and any exclusions. A first accounting period can raise particular points, such as the period length and the records available, so it is sensible to review the position before preparing FRS 105 Micro Entity Accounts. Meeting the size tests does not automatically confirm eligibility.

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

To prepare FRS 105 Micro Entity Accounts, we typically need the company’s accounting records for the period, including bank statements, sales and purchase information, expense records, payroll details if relevant, asset information and any previous accounts or filings. Details of the company’s trading activity, ownership and period dates also help. The exact information depends on the company’s circumstances. Providing complete records helps us prepare accounts that reflect the company’s position and supports the separate tax and filing discussions.