─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Reepham

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying small companies in Reepham and across the UK that choose to apply the micro-entities regime. Under this regime, accounts can be prepared in a simplified form, with a concise balance sheet, limited disclosure notes and a profit and loss account that does not have to be filed at Companies House in the same way as larger company accounts. That simplicity can be genuinely useful for owner-managed businesses, but it only works well when the accounts are put together accurately and consistently with the underlying records. Professional preparation helps ensure that your FRS 105 Micro Entity Accounts reflect your actual transactions, are presented in line with the applicable reporting requirements, and are supported by bookkeeping and working papers that stand up to scrutiny. It also means someone has considered whether the micro-entities regime is genuinely the right fit for your company’s circumstances, rather than assuming it applies automatically. Eligibility depends on meeting the relevant size conditions and on a range of other rules and exclusions, so a conversation about your specific position is always the sensible starting point.

🔥 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: What It Means for Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the rulebook that sets out how a qualifying company’s annual accounts should look when that company chooses to use the micro-entities regime. It sits alongside, but is much simpler than, FRS 102, which is the standard used by most other small companies. Where FRS 105 applies, the accounts tend to contain less detail: a short balance sheet, a limited set of disclosures, and a profit and loss account that does not need to be filed with Companies House in the same way as accounts prepared under other standards. Importantly, FRS 105 is not something a company is forced into simply because it is small. A qualifying company may choose to apply the micro-entities regime, and FRS 105 applies when that choice is made. If the company would rather present fuller information — perhaps because a lender, investor or customer expects it — then a different framework may be more appropriate. For a Reepham-based owner-managed company, the practical question is usually straightforward: does the micro-entities regime suit how the business is run and who relies on its accounts? Getting a clear answer to that question before accounts are prepared saves time later.

Who Can Use FRS 105 in the UK?

FRS 105 is designed for companies that qualify for the UK micro-entities regime and then choose to apply it. Two things therefore need to line up: the company must fall within the regime’s size criteria, and it must not be caught by any of the exclusions that sit alongside those criteria. On size, for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 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. Meeting those conditions is an important step, but it is not the whole test. The micro-entities regime carries its own rules and exclusions, and certain types of company are outside it altogether regardless of how small they are. That is why it is safer to treat the size criteria as a starting point rather than a guarantee. For a small company in Reepham, the sensible approach is to review the company’s turnover, balance sheet position, headcount and structure together, confirm whether the regime is available, and then decide whether applying it — and therefore preparing FRS 105 Micro Entity Accounts — genuinely suits how the business operates 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 Accounts and Accurate Financial Reporting

Well-prepared FRS 105 Micro Entity Accounts start with clean, well-organised financial records. We work from your bookkeeping, bank statements, sales and purchase information, payroll data and any other supporting documents to build a set of financial statements that properly reflects your company’s position. That means preparing the balance sheet and the profit and loss account in accordance with the micro-entities regime, keeping disclosures to the level FRS 105 permits, and making sure the figures in the accounts agree with the records behind them. The process also draws a clear line between two separate obligations. Preparing and filing FRS 105 accounts at Companies House is one task, governed by company law and the applicable reporting standard. Preparing and submitting a Corporation Tax Return (CT600) to HMRC is a different task, with its own rules, deadlines and calculations. Good FRS 105 accounts often form the starting point for the tax return, but they are not the same document and they are not sent to the same place. We can help with the accounts, and we can help with the tax filing, but we will always be clear about which is which so you know exactly what is being submitted, where, and on what basis. Nothing is guaranteed simply by preparing accounts carefully — but accuracy, consistency and a clear audit trail give you the best foundation for your filings.

ICAEW

ACCA

AAT

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

If you run a small company in or around Reepham and want to know whether FRS 105 Micro Entity Accounts are the right fit, the next step is a straightforward conversation. Tell us about your company — what it does, how it has traded, who uses the accounts, and whether you already prepare them in-house or through another adviser. It also helps to share the information needed to assess your circumstances, such as your latest accounts, up-to-date bookkeeping or accounting software records, and details of any changes during the year. With that in hand, we can explain how FRS 105 would apply to your business, what would be involved in preparing the accounts, and how the accounts sit alongside your other filing obligations. There is no obligation and no hard sell — just clear, practical guidance and transparent, fixed-fee options where they suit your needs.

─── 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 sets out how those companies prepare their annual accounts, allowing a simpler format with reduced disclosures compared with other reporting frameworks. It is a UK accounting standard, not a tax return, and it does not replace any filing obligation with HMRC.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Meeting the size criteria is not the whole story — other eligibility rules and exclusions also apply, and some companies are excluded from the regime regardless of their size. Because the rules are layered, it is worth checking your specific circumstances rather than assuming the regime applies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available option, not an automatic requirement. A company that qualifies may choose to apply it, in which case FRS 105 applies. Equally, a qualifying company may decide to use a different framework, for example if a lender, investor or other party expects fuller disclosure. FRS 105 applies when the micro-entities regime is chosen.

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. These are the size tests, but the regime also has its own rules and exclusions, so meeting 2 of the 3 conditions does not by itself guarantee that a company qualifies.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 102 is the standard used by most small companies and gives a fuller picture, with more disclosures and more detailed accounting requirements. FRS 105 is the dedicated micro-entities standard, offering a simplified format and lighter disclosure. The practical effect is that FRS 105 accounts are shorter and more streamlined, while FRS 102 accounts tend to give readers more information.

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

Yes — where a company uses the micro-entities regime, its accounts are still filed at Companies House under the normal company law requirements. What changes is the content and format permitted under FRS 105. Filing accounts at Companies House is a separate process from submitting a Corporation Tax Return to HMRC, even where the two are prepared from the same underlying figures.

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

Yes, they are two distinct documents with different purposes and different recipients. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities reporting framework and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC. The accounts often provide the starting point for the tax return, and a separate confirmation statement is a further, different filing — so it is worth being clear about what is being sent where.

What information is needed to prepare FRS 105 accounts?

Typically we would need your bookkeeping or accounting software records for the period, bank and credit card statements, details of sales and purchases, payroll information and any loan or hire purchase agreements. Supporting documents such as invoices, asset purchases and evidence of year-end stock or work in progress all help. If you have previous accounts or an existing accountant, those are useful too. The cleaner the records, the more straightforward the preparation tends to be.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105, but eligibility is not automatic and depends on the relevant rules and exclusions rather than on how long the company has been trading. First-year accounts and part-year periods can raise their own questions, so it is worth discussing the position early. We can look at your circumstances and explain whether the micro-entities regime is likely to be available for your first set of accounts.