─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Roker

FRS 105 Micro Entity Accounts in Roker are prepared under the financial reporting framework that applies to companies choosing the UK micro-entities regime. FRS 105 is not simply a shortened version of a standard set of accounts — it sets out its own recognition and measurement rules alongside a much reduced disclosure requirement, so the figures, notes and overall format can look quite different from accounts prepared under FRS 102. Whether the regime is available to your company depends on the applicable size conditions and on the wider eligibility rules and exclusions, and applying it is a choice rather than a default. Working with an experienced preparer helps you confirm whether the micro-entities regime suits your company, apply FRS 105 consistently, and produce financial statements that properly reflect your transactions, records and circumstances.

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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 the Micro-Entities Regime Means for Your Company

FRS 105 is the UK Financial Reporting Standard that applies to the micro-entities regime. In plain terms, it is the most straightforward set of company accounts rules available in the UK: it works on a historical cost basis, avoids fair value and revaluation adjustments, and requires far fewer notes than other frameworks. A company that qualifies for the micro-entities regime can choose to use it; where that choice is made, FRS 105 applies and the financial statements must follow its rules. The result is usually shorter, clearer accounts — typically a balance sheet, a profit and loss account and a small number of notes — that still need to be accurate and complete. For many small companies in Roker, that combination of simplicity and transparency is exactly what makes FRS 105 Micro Entity Accounts appealing, provided eligibility is checked first.

Who Can Use FRS 105 in the UK? Eligibility for the Micro-Entities Regime

FRS 105 is available to companies that qualify for the UK micro-entities regime and then 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, 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 test, however. Other eligibility rules and exclusions can apply, some companies are kept outside the regime regardless of their size, and eligibility can change from one accounting period to the next as the business grows or its circumstances shift. The regime is a choice rather than an automatic entitlement, and alternative small company frameworks remain available to many businesses. If your company is based in Roker and you think micro-entity reporting may suit it, the sensible first step is to check eligibility against the rules for your specific accounting period before FRS 105 Micro Entity Accounts 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 Micro Entity Accounts With Accurate Financial Reporting

When you ask us to prepare FRS 105 Micro Entity Accounts, we start from your company’s own financial records — bookkeeping, bank and card transactions, sales and purchase invoices, expense records, payroll information and details of any assets or loans — and build the financial statements from those sources. The accounts are then prepared in line with FRS 105 and the requirements of the micro-entities regime as they apply to your company. It is worth being clear about the different pieces of the picture: preparing the financial statements is one task, filing the accounts with Companies House is another, and Corporation Tax is another again, usually dealt with through a CT600 submitted to HMRC. We can help across those areas so the figures, the filings and your tax position tell a consistent story. Nothing is guaranteed in advance, because outcomes depend on your records and circumstances, but the work is carried out carefully and explained in plain English.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Roker

If you are unsure whether the micro-entities regime is right for your company, or you would simply rather have the accounts handled properly, we can help. Tell us about your business — your trade, your accounting period, how your records are kept and how you currently file — and we will look at whether FRS 105 Micro Entity Accounts may be appropriate for your circumstances. We can talk you through the information needed, how the accounts are prepared, and how the financial statements sit alongside your other filing obligations. Get in touch with our team to discuss your FRS 105 Micro Entity Accounts in Roker and take the next step with clear, transparent pricing and straightforward advice.

─── 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 the micro-entities regime. It is a self-contained framework rather than a trimmed-down version of FRS 102, and it uses a historical cost basis with very limited disclosure requirements. Companies that qualify for the micro-entities regime and choose to apply it must prepare their financial statements under FRS 105. In practice, this usually means a simpler balance sheet and profit and loss account with only a handful of notes.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. Qualification depends on the size conditions for the accounting period — generally meeting at least 2 of the 3 applicable conditions — together with the wider eligibility rules and exclusions that determine whether a company can use the regime at all. If you are not certain where your company stands, we can review your position before any FRS 105 Micro Entity Accounts are prepared.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is optional. A company that qualifies may choose to apply it and prepare FRS 105 accounts, but it may equally choose another framework it is eligible to use, such as FRS 102 Section 1A for small entities. Once the micro-entities regime has been adopted, FRS 105 applies to those accounts, and any later change of framework has to be handled properly and consistently so the figures remain comparable.

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. These are size tests only. The regime also has its own eligibility rules and exclusions, so passing 2 of the 3 conditions does not automatically mean a company can use FRS 105.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the broader UK framework, with Section 1A providing a lighter regime for small entities. FRS 105 is narrower and simpler: it stays on a historical cost basis, does not permit fair value or revaluation adjustments, and requires much less disclosure. FRS 102 allows more accounting options and more detailed notes. The appropriate choice usually comes down to which regime a company qualifies for, the nature of its transactions, and what the users of the accounts actually need.

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

Yes. A company's annual accounts, including accounts prepared under FRS 105, are filed with Companies House. Micro-entity accounts are filed in the relevant format and typically include a balance sheet with limited notes. Filing the accounts and dealing with Corporation Tax are separate obligations with separate submission routes, even though both draw on the same underlying figures.

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

Yes. A CT600 is the Corporation Tax Return submitted to HMRC, and it is a different document and a different submission from the statutory accounts prepared under FRS 105. The accounts provide much of the starting information for the tax return, but the tax computation involves adjustments that sit outside the accounts themselves. Completing one does not satisfy the requirement to deal with the other.

What information is needed to prepare FRS 105 accounts?

Typically we need a complete record of the period's income and expenses, bank and credit card statements, sales and purchase invoices, payroll or contractor details, and information about any assets, stock, loans or directors' loans, along with the previous year's accounts and any relevant registrations. Well-kept records make the process smoother and reduce queries. If your bookkeeping is behind, we can discuss the best way to bring things up to date before the accounts are prepared.