─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Passfield

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework for companies that qualify for, and choose to apply, the UK micro-entities regime. In Passfield, many small limited companies look for a straightforward, proportionate way to produce their annual financial statements, and FRS 105 is often the framework that fits that need — but it is not automatic. A company must first meet the micro-entity eligibility conditions and any relevant exclusions before FRS 105 can be adopted. Professional preparation helps ensure your accounts are built properly from your financial records, presented in line with the requirements that apply to your circumstances, and supported by the disclosures FRS 105 expects. It also helps keep the accounts consistent with the information used elsewhere in your company’s reporting so you can approach your filing obligations with confidence.

🔥 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-Entity Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the set of rules that governs how a qualifying company’s annual financial statements are put together when that company uses the micro-entities regime. Instead of applying the fuller recognition and measurement requirements of larger frameworks, FRS 105 offers a simplified approach designed to reflect the smaller scale and simpler affairs of a micro-entity. This typically means a more concise balance sheet, a simpler profit and loss account, and a limited set of notes. Two points matter most: first, a company must actually qualify for the micro-entities regime under the applicable size conditions and other rules; second, even then, applying the regime is a choice. FRS 105 applies when a qualifying company decides to use the micro-entities regime for its accounts. If a company does not qualify, or prefers a different framework, it would look to another standard instead. Understanding which framework applies to you is the starting point for preparing FRS 105 Micro Entity Accounts correctly.

Who Can Use FRS 105 in the UK?

FRS 105 in the UK is intended for 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, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting those size conditions alone does not settle the question. The micro-entities regime also carries its own rules and exclusions, and certain companies may be unable to use it regardless of their size. This means that a Passfield company should not assume it qualifies simply because it is small — eligibility needs to be considered properly against the applicable conditions and any restrictions that apply. Where a company does qualify and opts to use the regime, FRS 105 is the framework that governs how its financial statements are prepared.

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 means working carefully from your company’s underlying financial records — bookkeeping, bank records, sales and purchase information, payroll details and any asset or liability schedules — and translating them into a set of financial statements that follows the FRS 105 framework. Professional support helps with the practical detail: making sure the figures in your balance sheet and profit and loss account agree with your records, that the presentation reflects the simplified format FRS 105 is designed to produce, and that the limited notes and any required statements are included. It is important to keep the different obligations distinct. Preparing and filing your statutory accounts with Companies House is one task; your Corporation Tax Return (CT600), which is submitted separately to HMRC, is another. The accounts inform the tax position and the two should be consistent, but they are not the same document and they are not filed with the same body. Equally, a Confirmation Statement is a separate filing again. Good preparation is about accuracy, consistency and appropriate presentation — not about any promise that a filing will be accepted or that a particular outcome will follow.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Passfield

If your Passfield company is considering FRS 105 Micro Entity Accounts, or you simply want to know whether the micro-entities regime is right for your circumstances, get in touch to talk it through. Tell us about your company — its structure, what it does, how it has traded and how your records are kept — so we can properly assess your position and explain what would be involved. We can talk you through eligibility considerations, the information we would need to prepare FRS 105 financial statements, and how the accounts sit alongside your other filing responsibilities such as your CT600 and Confirmation Statement. Fixed-fee options and clear, transparent pricing are available, so you know where you stand before 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 in simple terms?

FRS 105 is the UK accounting standard for micro-entities. It sets out how a qualifying company's annual financial statements should be prepared when the company chooses to use the micro-entities regime. It is a simplified framework, so the accounts tend to be shorter and less detailed than those prepared under a fuller standard, with a streamlined balance sheet, profit and loss account and a limited set of notes.

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 depends on meeting the relevant size conditions and on not being excluded by any of the other rules in the regime. It is not a framework available to every small company automatically, and a company that qualifies can still choose a different framework if it prefers. Eligibility should be checked against your specific circumstances before you commit to FRS 105.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available regime rather than a mandatory one. A company that meets the qualifying conditions may use it, but it is a choice. Some qualifying companies prefer to apply a different framework, for example because they want to present more detail or because of the expectations of lenders, investors or group companies. FRS 105 applies when the micro-entities regime is the chosen route.

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 not the whole story — other eligibility rules and exclusions also apply, so the criteria should be considered as a whole before concluding that the micro-entities regime is available to a particular company.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting frameworks, but they are aimed at different situations. FRS 105 is the micro-entities standard and is deliberately simplified, with fewer recognition and measurement requirements and reduced disclosures. FRS 102 is a fuller framework used by a much wider range of companies and generally involves more detailed accounting treatments and more extensive disclosure. The right choice depends on whether a company qualifies for the micro-entities regime and which framework best suits how it reports.

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

Where accounts are prepared for a company, the company's own filing obligations determine what must be sent to Companies House. A qualifying company using the micro-entities regime will typically file accounts prepared on that basis, but the filing requirement itself is a separate legal obligation from the choice of accounting framework. It is worth keeping your statutory accounts, your Corporation Tax Return and your Confirmation Statement clearly distinguished, because each has its own purpose and its own filing route.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities reporting framework. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's tax position. They are connected in the sense that the accounts provide the financial information that underpins the tax computation, and the two should be consistent, but they are different documents prepared for different purposes and filed with different bodies.

What information is needed to prepare FRS 105 accounts?

Typically we would need your company's financial records for the period — bookkeeping or accounting records, bank statements, sales and purchase information, payroll details, and any schedules covering assets, liabilities, loans or director balances. Details of share capital, any dividends, and the comparative figures from the previous period are also useful. The more complete and organised your records, the more straightforward the preparation process tends to be, and we can confirm exactly what is required once we understand your circumstances.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime if it meets the applicable eligibility conditions and is not caught by any of the exclusions. New companies are often small in their early periods, but eligibility is not automatic and should be assessed on the actual figures and circumstances. A first set of accounts also has its own considerations, so it is worth discussing the position early rather than assuming which framework will apply.