─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Sandbach

If your company is a qualifying micro-entity and you have chosen to apply the micro-entities regime, FRS 105 Micro Entity Accounts provide the financial reporting framework for your statutory financial statements. FRS 105 is the simplest of the UK accounting standards, designed for companies that meet the relevant size conditions and are not excluded from the regime. Preparing them well matters, because the accounts still need to reflect your company’s financial position accurately and be filed with Companies House in the required form. Working with an experienced preparer helps ensure your FRS 105 Micro Entity Accounts are built from reliable records, presented in line with the standard, and tailored to your company’s particular circumstances. Eligibility is not automatic — meeting the size thresholds alone does not guarantee that the micro-entities regime is available to you, so the first step is always a proper review of your position 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  
   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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 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 in Plain English

FRS 105 is a UK financial reporting standard written specifically for micro-entities. It sits alongside the UK’s micro-entities regime, which is an accounting regime that qualifying companies can choose to apply when preparing their annual financial statements. In simple terms, FRS 105 lets a qualifying micro-entity produce a shorter, simpler set of accounts than it would under a fuller standard — fewer disclosures, straightforward measurement rules based on historical cost, and a format that reflects the typical scale and activity of a very small company. It is important to be clear about how the two ideas fit together: the micro-entities regime is the framework a company may opt into, and FRS 105 is the standard that applies when that choice is made. Choosing the regime is a decision, not an automatic result of being small, and some companies are excluded from using it altogether. For directors in Sandbach running a small limited company, understanding FRS 105 is usually the starting point for deciding whether the micro-entities regime suits how you want your FRS 105 Micro Entity Accounts to look and what information they will show.

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

FRS 105 is intended for UK companies that qualify for the micro-entities regime and then choose to apply it when preparing their financial statements. Two things have to line up: you must fall within the eligibility rules, and you must decide to use the regime rather than a fuller standard such as FRS 102. On size, a company is generally required to meet at least 2 of the 3 applicable conditions for accounting periods beginning on or after 6 April 2025: 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. Those conditions sit alongside other rules and exclusions that can affect whether the micro-entities regime is open to a particular company — certain entity types and activities are treated differently, and rules also apply to companies in their first period and to those whose circumstances change from one year to the next. That is why meeting the size conditions alone should never be taken as confirmation that you qualify. For companies in Sandbach and the surrounding area, the practical approach is to review your figures and your company’s specific situation before deciding whether FRS 105 Micro Entity Accounts are the right route for your next set of 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

Preparing FRS 105 Micro Entity Accounts properly means starting from your company’s actual financial records — bookkeeping, bank and transaction data, sales and purchase information, payroll details and asset records — and then applying the recognition, measurement and disclosure requirements that are relevant to a micro-entity applying FRS 105. Because the standard is shorter than FRS 102, the presentation is simpler, but the underlying figures still need to be complete and consistent with your records. It is also worth keeping the two distinct exercises separate in your mind: the preparation and filing of your financial statements at Companies House, and your Corporation Tax obligations, including the Corporation Tax Return (CT600) that is submitted to HMRC with its own computation and deadlines. Accounts prepared under FRS 105 can support the tax work, but they are not the same deliverable. Our role is to prepare FRS 105 Micro Entity Accounts based on the information you provide and the reporting requirements that apply to your company, and to handle the Companies House filing alongside it. We do not guarantee any particular filing outcome or acceptance, and responsibility for the accuracy of the records underpinning the accounts always rests with the directors.

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ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Sandbach

Whether you are preparing FRS 105 Micro Entity Accounts for the first time, moving across from another accounting standard, or simply want your year-end filing handled by someone who works with the micro-entities regime regularly, we are happy to help. The most useful starting point is a conversation about your company: how it trades, what your records look like, your accounting reference date, and your plans for the year ahead. From there we can assess whether the micro-entities regime is likely to be available to you given the size conditions and any relevant exclusions, talk you through what FRS 105 will mean for the look of your financial statements, and explain how the preparation and Companies House filing sit alongside your separate Corporation Tax Return (CT600) obligations. Get in touch to discuss your FRS 105 Micro Entity Accounts requirements, and have your latest bookkeeping, records and details of any significant transactions to hand so we can give you a clear, considered view of what is 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 for micro-entities. It sets out how a qualifying company that has chosen to apply the micro-entities regime prepares its annual financial statements — covering the format of the balance sheet and profit and loss account, the measurement rules, and the limited disclosures that are required. It is deliberately the least detailed of the UK standards, reflecting the smaller scale and simpler affairs of micro-entity 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. 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. Other rules and exclusions also apply, and certain types of company cannot use the regime regardless of size. Meeting the size conditions on its own does not automatically mean the regime is available to you.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a requirement. A qualifying company can choose to apply it and use FRS 105, or it can prepare its financial statements under a fuller standard such as FRS 102, including the small-entity provisions. Some companies prefer the additional disclosures and accounting options a fuller standard allows; others value the simplicity of FRS 105. The choice should be made with your circumstances and any future plans in mind.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a substantially more detailed standard with wider recognition and measurement options, including areas such as fair value adjustments, revaluation and deferred tax. FRS 105 is much shorter and simpler, using a historical cost basis and requiring far fewer disclosures. In practice, FRS 105 accounts give a leaner set of financial statements, while FRS 102 gives a more comprehensive picture with more supporting notes. Choosing between them affects how your accounts look and what options are open to you.

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

Yes. Where a company prepares its statutory financial statements under FRS 105, those accounts form the basis of its annual accounts filing at Companies House. A qualifying micro-entity can generally file a simplified version of the accounts, but the underlying financial statements must still be prepared and approved by the directors. Filing the accounts at Companies House is a separate exercise from preparing them, and it is also separate from your Corporation Tax filing obligations.

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

Yes, they are two distinct filings. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A Corporation Tax Return, usually submitted as a CT600, is a tax filing made to HMRC and is supported by a tax computation that starts from your accounts but applies tax rules and adjustments. Filing one does not satisfy the other, and each has its own requirements and deadlines.

Can a new limited company use FRS 105?

It may be able to, provided it qualifies for the micro-entities regime in its first accounting period and none of the exclusions apply. A newly incorporated company has no trading history, so the assessment is based on what is expected for that first period alongside the rules that govern eligibility in a company's early years. This is one of the areas where it is genuinely worth checking your position before assuming the regime applies, rather than treating FRS 105 as the default.

What information is needed to prepare FRS 105 accounts?

We normally start with your bookkeeping records for the period, bank and credit card statements, sales and purchase documentation, payroll information, and details of any assets, loans, stock or significant one-off transactions. Previous year's accounts, your accounting reference date and confirmation of any changes in the business during the period all help build a complete picture. The more complete the records, the more straightforward the preparation of your FRS 105 Micro Entity Accounts tends to be.

What changes are coming to micro-entity accounts filing?

Companies House has been introducing changes to how accounts are filed as part of wider company law reform, including a move towards filing accounts in a structured, software-based format. Because the detail and timing of these changes can develop, it is sensible to check the latest Companies House guidance rather than rely on older assumptions about how micro-entity accounts can be submitted. We keep these changes in mind when preparing and filing your FRS 105 Micro Entity Accounts so your submission is made in the format currently accepted.