─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Norwell

FRS 105 Micro Entity Accounts in Norwell are prepared under the UK financial reporting framework that applies to qualifying micro-entities which choose to use the micro-entities regime. It is worth being clear about what that means: FRS 105 is an accounting framework for producing statutory financial statements, not a tax return, a Confirmation Statement or a substitute for any other filing. The accounts prepared under FRS 105 are used to report your company’s financial position and performance for the period, and the same figures typically underpin the Companies House filing and inform the company’s tax position. Whether FRS 105 is the right framework for your company depends on its size, its legal form and whether any of the applicable exclusions apply, so eligibility needs to be considered for each accounting period rather than assumed. Professional preparation helps ensure the figures are drawn accurately from your bookkeeping and records, that the statements follow the simplified presentation the regime allows, and that the disclosures reflect your company’s actual circumstances rather than a generic template. For directors and business owners around Norwell, that means clearer reporting, fewer last-minute questions and a set of accounts that reads sensibly to whoever picks them up.

🔥 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 Explained: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to apply the micro-entities regime. In everyday terms, it is a simplified set of accounting rules. Instead of the fuller reporting requirements found in frameworks such as FRS 102, a micro-entity preparing FRS 105 Micro Entity Accounts generally produces a shorter balance sheet, a simpler profit and loss account and far fewer notes to the accounts, with a more straightforward approach to measuring assets and liabilities. The micro-entities regime itself comes from UK company law, and FRS 105 is the standard that governs how the financial statements are put together once that regime is chosen. Two points are easy to get wrong. First, the regime is optional — a company that qualifies is not forced to use it, and may instead report under a fuller framework. Second, qualifying is not automatic — a company must meet the relevant size conditions and must not fall foul of the applicable rules or exclusions. Where a company does qualify and does choose the micro-entities regime, FRS 105 keeps the reporting proportionate to the size and complexity of the business, while still producing statutory accounts that give a clear picture of the company’s position at the period end.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and that choose to apply it — qualification alone does not force a company into the regime, and using a fuller framework remains an option. 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 during the accounting period. Those conditions are not the whole story. Other eligibility rules and exclusions can apply, and some companies are excluded from the regime regardless of their size — for example where their circumstances fall outside what the regime permits. Eligibility can also change from one period to the next as turnover, headcount and balance sheet totals move, so it is sensible to review the position annually rather than treating an earlier decision as permanent. If you run a company in or around Norwell and you are weighing up whether FRS 105 Micro Entity Accounts are the right fit, we can look at your figures, your structure and your reporting needs together, then explain the practical implications of staying on the regime or moving away from it.

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 Norwell Companies

Preparing FRS 105 Micro Entity Accounts properly is about more than dropping your figures into a template. It starts with your underlying records — bookkeeping, bank and credit card statements, sales and purchase documentation, payroll information, asset purchases and any loan or lease agreements — and builds them into a set of financial statements that reflects what actually happened in the period. From there, the accounts are presented in the simplified format the micro-entities regime permits, with the disclosures that are relevant to your company and nothing padded out for the sake of it. It is also worth separating the pieces clearly: the financial statements themselves are prepared from your records and in line with the applicable reporting requirements, the accounts filing with Companies House is a distinct step with its own format and obligations, and a Corporation Tax Return (CT600) is a separate submission made to HMRC. Preparing accounts does not remove the need to deal with your Corporation Tax position, and filing accounts does not replace a CT600. What professional preparation gives you is a set of figures that hangs together, is consistent with the framework you have chosen, and stands up to scrutiny from lenders, investors or anyone else who relies on them — without us claiming anything more than that.

ICAEW

ACCA

AAT

Get Expert Help With Your FRS 105 Micro Entity Accounts in Norwell

If you are unsure whether your company qualifies for the micro-entities regime, or you simply want your FRS 105 Micro Entity Accounts prepared properly and on time, we can help. Tell us about your company — its trading activity, its accounting period, and how it is structured — and share the records you hold, such as your bookkeeping, bank statements, sales and purchase information, payroll details and any finance agreements. From there we can assess your circumstances, explain whether FRS 105 looks like the appropriate framework, and set out what is involved in preparing the accounts and dealing with the associated Companies House filing. If you also need your Corporation Tax Return (CT600) handled, that is a separate piece of work we can discuss alongside the accounts. Clear, transparent pricing and a straightforward conversation about what you actually need — get in touch with our team and let’s look at your position.

─── 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 that applies when a qualifying company chooses to use the micro-entities regime. It is a simplified accounting framework: micro-entity financial statements generally comprise a shorter balance sheet, a simpler profit and loss account and very limited notes, with a more straightforward approach to measuring assets and liabilities than fuller frameworks allow. It governs how the accounts are prepared — it is not a tax return, and it does not replace any other filing obligation.

Who can use FRS 105?

FRS 105 is intended for companies that meet the micro-entity size conditions and that choose to apply the micro-entities regime. Meeting the size conditions is part of the picture, but it is not the whole picture: certain rules and exclusions can mean a company is not eligible even if it is small, and eligibility can change from one accounting period to the next. It is also optional — a qualifying company may decide to report under a fuller framework such as FRS 102 instead.

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 as a micro-entity can choose to apply it, and FRS 105 applies when that choice is made. A qualifying company that prefers more detailed reporting can use a fuller framework. Because the choice affects how the accounts look and what is disclosed, it is worth considering deliberately rather than by default.

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 during the period. Those conditions are subject to the relevant rules and exclusions, so satisfying two of the three does not automatically make a company eligible. Eligibility should be reviewed for each accounting period, and where a company is part of a group or has unusual circumstances, the position needs closer attention.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of detail. FRS 105 is the micro-entities standard: simpler presentation, fewer disclosures and a more restricted measurement basis. FRS 102 is a fuller framework used by a much wider range of companies, with more extensive disclosure requirements and more accounting policy choices. FRS 102 can be useful where more detailed information is wanted by lenders, investors or group companies, while FRS 105 keeps reporting proportionate for the smallest businesses.

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

Where a company is required to file annual accounts, the accounts prepared under the framework it has chosen — including FRS 105 — are what get filed. The micro-entities regime allows a simplified filing format, which is one of its practical attractions. Filing the accounts is a separate process from dealing with the company's Corporation Tax position, and it sits alongside other obligations such as the Confirmation Statement. We can talk you through which filings apply to your company and when they fall due.

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

Yes, they are different things. The FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared from its records under the chosen accounting framework and filed at Companies House. A CT600 is the Corporation Tax Return submitted separately to HMRC, and it is built on the company's taxable profits rather than simply being a copy of the accounts. Preparing and filing accounts does not remove the need to file a CT600, and vice versa — the two work alongside each other.

What information is needed to prepare FRS 105 accounts?

In practice we need a clear picture of your company's activity for the period. Useful records include your bookkeeping or accounting software data, bank and credit card statements, sales invoices and purchase receipts, payroll and employee information, details of assets bought or sold, and any loan, lease or finance agreements. If the company has traded for more than one period, the previous year's accounts help with comparatives. If your records are incomplete, that is not usually a barrier — it just means part of the work is pulling the information together before the accounts can be prepared.

Can a new limited company use FRS 105?

It can, where it qualifies as a micro-entity for the period in question and chooses to apply the micro-entities regime. A newly incorporated company still needs to be assessed against the size conditions and the applicable rules and exclusions — being new does not guarantee eligibility, and a company that expects to grow quickly may prefer a fuller framework so that comparatives and disclosures stay consistent as it expands. It is worth reviewing the position before the first set of accounts is prepared rather than after.