─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ryton

If your company is based in Ryton and you are looking for FRS 105 Micro Entity Accounts, the starting point is understanding whether the micro-entities regime is right for you. FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime, and it produces a simpler, more streamlined set of financial statements than the frameworks used by larger companies. Preparing FRS 105 Micro Entity Accounts properly means working from accurate accounting records, applying the correct disclosure requirements, and making sure the figures in the financial statements are consistent with what is reported elsewhere. Professional preparation helps ensure the accounts are put together appropriately for your company’s own circumstances, including its size, its activities and the decisions you have made about how items are treated. It also helps you keep the accounts themselves clearly separated from other obligations, such as your Corporation Tax Return and your Confirmation Statement, so nothing is overlooked. Because eligibility for the micro-entities regime depends on meeting the relevant size conditions and on no exclusions applying, the sensible first step is a straightforward conversation about your company before any accounts are prepared.

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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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 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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 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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 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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 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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 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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─── 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 very small company prepares its annual financial statements when it decides to use the micro-entities regime. The regime itself is a lighter-touch accounting framework available to companies that fall within defined size limits, and FRS 105 is the standard that applies once that regime is chosen. If a company qualifies but prefers a different framework, it can use another standard instead — applying the micro-entities regime is a choice, not an automatic outcome, and meeting the size limits alone does not guarantee that the regime is available to every company. FRS 105 keeps things simple. It uses straightforward measurement rules, generally based on historical cost, and it requires fewer notes to the accounts than other frameworks, which means less disclosure and a shorter set of financial statements. What it does not do is remove the need for accurate records: the accounts still need to reflect the company’s actual transactions, assets, liabilities, income and expenses. For a small company owner in Ryton, the practical upshot is that FRS 105 Micro Entity Accounts can be a clearer and more proportionate way to report your position at the year end, provided the regime genuinely fits your circumstances.

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 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 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 is the usual starting point, but it is not the whole picture. Other eligibility rules and exclusions can apply depending on the company’s circumstances, so satisfying the thresholds does not on its own guarantee that the micro-entities regime is available. In addition, eligibility and the choice to apply the regime are two different things — a qualifying company may still decide that another framework better suits its reporting needs. For companies in Ryton considering FRS 105 Micro Entity Accounts, the practical approach is to review the company’s size, structure and reporting requirements together before deciding whether FRS 105 is the right fit for the year ahead.

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

FRS 105 Micro Entity Accounts are only as reliable as the records behind them. Professional preparation starts with your bookkeeping, bank records, invoices, expense evidence and any asset or liability information for the period, then builds a set of financial statements that reflects those records in line with the applicable reporting requirements. That includes producing the balance sheet, the profit and loss account and any supporting notes required under the framework, and making sure the figures are internally consistent and properly presented. It is important to be clear about what sits where: the preparation of financial statements and the filing of those accounts with Companies House is one activity, while your Corporation Tax Return (the CT600) is a separate submission to HMRC based on the taxable profits of the company. Your Confirmation Statement is separate again. Good preparation keeps these distinct, so your FRS 105 financial statements, your tax filing and your statutory filings each serve their own purpose without being confused with one another. While no one can promise a particular filing outcome, working from complete and accurate information, and preparing the accounts in line with the framework that applies to your company, gives you the best foundation for consistent, well-supported reporting.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Ryton

If you would like support with FRS 105 Micro Entity Accounts for your Ryton-based company, get in touch and tell us about your circumstances. It helps to have your latest accounting records, details of your income and expenses, a note of any assets or liabilities, and your previous year’s accounts or filing information to hand. We can then talk through whether the micro-entities regime and FRS 105 are a sensible fit for your company, explain what the preparation process involves, and outline how your accounts, your Corporation Tax position and your statutory filings fit together. Whether you are preparing micro-entity accounts for the first time, switching from another framework, or simply want a second pair of eyes on your reporting, a short initial conversation is usually the quickest way to work out what you need. Pricing is discussed clearly up front, with fixed-fee options available for the work involved.

─── 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 qualifying micro-entities which have chosen to use the micro-entities regime. It sets out how the annual financial statements are measured and presented, using simple, largely historical cost based rules and requiring fewer disclosures than other frameworks. In practice, it produces a shorter, more straightforward set of accounts for very small companies.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualification depends on meeting the applicable size conditions and on no relevant exclusions applying to the company. If a company qualifies but decides to use a different framework such as FRS 102, that is a valid choice — FRS 105 is an option, not an obligation.

Is FRS 105 compulsory for every micro-entity?

No. A company that qualifies as a micro-entity is not forced to apply FRS 105. Applying the micro-entities regime is a decision, and FRS 105 is the standard used when that decision is made. Some companies prefer the additional disclosures and different measurement options available under other frameworks, even when the micro-entities regime is technically open to them.

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 conditions, and other eligibility rules and exclusions can also apply. Meeting the size conditions alone does not automatically confirm that a company can use the regime, so it is worth checking the full position for your company.

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 and offer different levels of complexity. FRS 105 is designed for qualifying micro-entities and keeps measurement and disclosure to a minimum. FRS 102 is a fuller framework used by a much wider range of companies, with more recognition and measurement options and substantially more disclosure requirements. The right choice depends on your company's size, structure and what you need from your accounts.

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

Where a company is required to file annual accounts, those accounts — including micro-entity accounts prepared under FRS 105 — are filed with Companies House. Filing your accounts is a separate requirement from filing a Corporation Tax Return with HMRC and from filing your Confirmation Statement. Each has its own purpose and its own submission, so it is important not to treat one as a substitute for another.

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

Yes, they are separate. FRS 105 accounts are the financial statements prepared under the micro-entities regime, while the CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. The accounts are usually the starting point for the tax computation, but the two documents serve different purposes and go to different organisations.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 for its first set of accounts if it meets the eligibility conditions for the micro-entities regime and chooses to apply it. New companies still need proper accounting records from the outset, because the first accounts must reflect all transactions since incorporation. It is worth reviewing eligibility before the first year end rather than assuming it applies.

What information is needed to prepare FRS 105 Micro Entity Accounts?

Typically you would provide your bookkeeping or accounting records for the period, bank and payment processing statements, sales invoices and expense documentation, details of any assets and liabilities, information about directors' loans or balances, and your previous year's accounts if you have them. Complete and accurate records are the foundation of reliable micro-entity financial statements, so it is worth gathering these before the accounts are prepared.