─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Redbourn

If your company is based in Redbourn and meets the conditions for the UK micro-entities regime, FRS 105 Micro Entity Accounts could be the most straightforward way to prepare and report your annual financial statements. FRS 105 is the financial reporting framework that applies to qualifying micro-entities which choose to adopt the micro-entities regime, and it is designed to keep reporting simple while still producing accounts that are clear, consistent and suitable for filing. Professional preparation helps you work through the detail properly — from confirming whether your company qualifies and has chosen the regime appropriately, to making sure the balance sheet, notes and disclosures are prepared in line with the framework for your particular circumstances. It is important to remember that FRS 105 is not automatic for every small company, so eligibility and any relevant exclusions should be checked before the accounts are drawn up.

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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  
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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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 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: The Micro-Entities Regime Made Simple

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it sets out the rules for preparing a simple, stripped-back set of annual financial statements — usually a balance sheet, and in many cases a profit and loss account and limited notes — for companies that qualify for the micro-entities regime and decide to use it. The regime is optional rather than imposed: a company that meets the qualifying conditions may choose to apply the micro-entities regime, and when that choice is made, FRS 105 is the framework used to prepare the accounts. In practice, that means fewer disclosures, simpler measurement rules and a clearer route to producing the figures that need to go to Companies House. For a Redbourn company owner, the main appeal is proportionality — the accounts only need to reflect what the framework requires, without the additional disclosure layers a larger or more complex company would normally include.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and actively choose to apply it — it is not available to every small company by default. For accounting periods beginning on or after 6 April 2025, the size test generally requires a company to meet at least 2 of 3 applicable 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. Passing those tests is a starting point rather than the whole answer, because the regime carries its own rules and exclusions, and some entities — including certain company types and those within particular structures — may be unable to use it even if they look small on paper. For a Redbourn company, the practical approach is to look at the figures for the relevant period, check that no exclusion applies, and then decide whether applying the micro-entities regime and preparing FRS 105 Micro Entity Accounts is the right choice for how the business is run and who relies on its financial statements.

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

FRS 105 Micro Entity Accounts are prepared from your company’s underlying financial records — bookkeeping, bank information, sales and purchase records, asset details and any relevant supporting documents — and then shaped into statements that follow the applicable reporting requirements of the framework. A professional accountant will consider the figures, apply the recognition and measurement rules that suit a micro-entity, and set out the resulting financial statements clearly. It is worth keeping two things distinct: the preparation and filing of the accounts with Companies House, and the company’s Corporation Tax obligations, which are dealt with separately through a Company Tax Return (CT600) submitted to HMRC. FRS 105 accounting does not replace that tax filing, and the tax computation may start from the accounts but is a separate exercise. Working with an accountant helps ensure the accounts are put together thoughtfully, based on the information you provide and the reporting requirements that apply to your company.

ICAEW

ACCA

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Talk to Us About Your FRS 105 Micro Entity Accounts in Redbourn

If you would like help with FRS 105 Micro Entity Accounts for your Redbourn company, the best starting point is a conversation. Tell us a little about your business, how it is structured, who uses the accounts, and what records you already keep, and we can talk through your circumstances and what would be involved in preparing the accounts under the micro-entities regime. Bring along your latest bookkeeping, bank statements, details of any assets and liabilities, and any previous year’s accounts, and we will use that information to assess how your financial statements should be prepared. Whether you are filing micro-entity accounts for the first time or reviewing how your current reporting is handled, get in touch to discuss your requirements.

─── 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 to companies using the micro-entities regime. It is the smallest and simplest of the UK accounting frameworks, setting out reduced recognition, measurement and disclosure requirements so that a qualifying micro-entity can prepare straightforward annual financial statements without the additional layers of detail that larger frameworks expect.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. Qualifying is not simply a matter of being small — certain company types and circumstances are excluded, and the size conditions must be met. In practice, a company that may qualify would typically look at its turnover, balance sheet total and employee numbers, and then confirm that no exclusion applies before deciding whether the micro-entities regime is the right fit.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that meets the qualifying conditions can choose whether or not to apply it, and FRS 105 applies when that choice is made. Some companies that could use FRS 105 still prefer a fuller reporting framework, particularly where lenders, investors or group requirements call for more detail.

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 alone does not guarantee eligibility, because other rules and exclusions can apply — for example, certain company types are not permitted to use the regime. Your specific circumstances should always be checked.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels. FRS 105 is the micro-entities framework and is deliberately minimal, with simpler measurement rules and far fewer disclosures. FRS 102 is the standard applied by larger and more complex entities, including many small companies that do not use the micro-entities regime, and it requires significantly more disclosure and detail. The framework chosen affects how the accounts are presented, so it is worth confirming which one suits your company.

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

Where a company prepares its annual accounts under FRS 105, those accounts form the basis of what is filed with Companies House in line with the company's filing obligations. The filing itself is a separate administrative step from preparing the accounts, and it is distinct from Corporation Tax, which is handled with HMRC. Filing requirements can change over time, so it is sensible to confirm what applies to your company for the relevant period.

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

Yes, they are separate requirements. FRS 105 Micro Entity Accounts deal with the accounting and financial reporting framework — how the financial statements are prepared and presented. A CT600 is a Corporation Tax Return submitted to HMRC, which deals with the company's tax position. The two often start from the same underlying figures, but the accounts are not a tax return and do not satisfy Corporation Tax obligations on their own.

What information is needed to prepare FRS 105 accounts?

Typically you would provide complete bookkeeping records for the period, bank and payment records, details of sales and purchases, information on fixed assets and any depreciation, balances owed to and by the company, loan and lease details, and the previous year's accounts where available. If the company has anything unusual in the period — a new share issue, a one-off transaction, or a change in activity — mention it, as it may affect how the figures are presented.