─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Rothwell

FRS 105 Micro Entity Accounts in Rothwell are prepared under the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. FRS 105 provides a focused way to report the company’s financial position and performance where that regime is used. Professional preparation helps ensure the accounts are put together appropriately for your company’s circumstances, using the information in your records and the applicable rules. It does not mean every small company qualifies automatically; eligibility depends on the size conditions and other rules, and the company must choose the micro-entities regime before FRS 105 applies.

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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 
    
 
 
 
   
 
 
       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.
  
 
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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 Micro-Entity Accounts Mean for Rothwell Companies

In simple terms, FRS 105 is the UK financial reporting standard used for micro-entity accounts when a qualifying company chooses the micro-entities regime. It allows a simpler set of financial statements than larger reporting frameworks, with reduced disclosures, while still requiring the accounts to be prepared accurately. FRS 105 is not the same as a Corporation Tax Return (CT600), which is a separate filing to HMRC. If your company qualifies and chooses the regime, FRS 105 Micro Entity Accounts in Rothwell are the accounting framework that applies.

Who Can Use FRS 105 Micro Entity Accounts in the UK? A Guide for Rothwell Companies

FRS 105 Micro Entity Accounts are intended for UK companies that qualify for the micro-entities regime and 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, 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 only consideration, because other eligibility rules and exclusions can apply, and the regime is not automatic. A Rothwell company must qualify and decide to use the micro-entities regime before FRS 105 applies.

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 in Rothwell

Professionally prepared FRS 105 Micro Entity Accounts in Rothwell start with a clear review of your financial records, company details and applicable reporting requirements. The aim is accurate financial statements that reflect your transactions and position for the period. Where relevant, the preparation of the accounts and the Companies House filing process are handled separately from Corporation Tax obligations, including any CT600 that may be due to HMRC. We do not suggest that Companies House or HMRC approve or endorse the accounts; the focus is on preparing them appropriately based on the information available and the rules that apply.

ICAEW

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Get Help With FRS 105 Micro Entity Accounts in Rothwell

If you need help with FRS 105 Micro Entity Accounts in Rothwell, get in touch to discuss your circumstances. It helps to have information such as your company registration details, accounting records, income and expense summaries, asset and liability details, and any previous accounts or tax filings available. We can then review whether the micro-entities regime may be suitable and explain what is needed next, without promising a particular filing outcome or tax result.

─── 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 qualifying companies that choose to apply the micro-entities regime prepare their annual accounts, with a simpler basis and fewer disclosures than larger reporting frameworks. It is an accounting framework, not a tax return, so it is separate from a Corporation Tax Return (CT600).

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility is not automatic and depends on the size conditions plus other rules and exclusions. A company must also decide to use the regime rather than a different financial reporting framework.

Is FRS 105 compulsory for every micro-entity?

No. A company that qualifies as a micro-entity can choose whether to apply the micro-entities regime. If it does, FRS 105 applies to its accounts. If it does not choose the regime, it may need to use another applicable framework, such as FRS 102, depending on its circumstances.

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 conditions are subject to the relevant rules and exclusions, so qualifying is not guaranteed just by meeting the size tests.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a simplified financial reporting standard for qualifying micro-entities, with reduced recognition, measurement and disclosure requirements. FRS 102 is a broader UK accounting framework used by many other companies, including small companies that do not use the micro-entities regime. The right framework depends on eligibility, company circumstances and the regime chosen.

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

Companies generally need to file annual accounts with Companies House, and for a company using the micro-entities regime, those accounts are prepared under FRS 105. Filing accounts is separate from filing a Confirmation Statement. The exact filing requirements depend on your company and current Companies House rules, so it is important to check the position that applies to your period.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime. A CT600 is a separate Corporation Tax filing submitted to HMRC. The accounts can provide information used in preparing tax computations, but the accounts and the CT600 serve different purposes and go to different bodies.

What information is needed to prepare FRS 105 accounts?

Typically, we need your company registration details, details of directors and shareholders, bank and accounting records, income and expense summaries, asset and liability information, VAT records if applicable, payroll information if you employ staff, and copies of previous accounts or tax filings where available. This helps assess whether the micro-entities regime may be suitable and allows the FRS 105 Micro Entity Accounts to be prepared from an accurate record.