─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Seaford

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime for companies that qualify for it and choose to apply it. For directors in Seaford running a small limited company, FRS 105 can offer a simpler, more streamlined route to preparing annual accounts than the fuller reporting frameworks, with a reduced set of disclosure requirements and a format built around the needs of genuinely small businesses. Professional preparation of FRS 105 Micro Entity Accounts helps ensure the figures are drawn correctly from your books and records, that the balance sheet and profit and loss account are presented in line with the framework, and that the supporting notes reflect your company’s actual circumstances. It also helps you keep the accounts preparation process separate and clearly understood alongside your other obligations, such as filing with Companies House and dealing with Corporation Tax. If you are unsure whether the micro-entities regime is the right fit for your Seaford company, a conversation about your turnover, balance sheet and employee numbers is a sensible first step — eligibility depends on meeting the applicable size conditions and is not automatic.

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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: The Micro-Entities Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities — very small companies that fall within the micro-entities regime. In plain terms, it is the rulebook that sets out how a qualifying micro-entity prepares its annual accounts when it chooses to apply that regime, covering the format of the balance sheet and profit and loss account and the limited notes that accompany them. FRS 105 is closely linked to company law: the micro-entities regime is a legal accounting regime available to companies that meet the size conditions, and FRS 105 is the standard that applies when a company uses it. That is an important distinction — qualifying for the regime does not force a company to use it, and choosing the regime is what brings FRS 105 into play. Because FRS 105 is deliberately simplified, it can reduce the amount of disclosure and the complexity of the accounts, which is often attractive to owner-managed companies in Seaford. The trade-off is that the framework is prescriptive about how figures are measured and presented, so the accounts still need to be prepared accurately and consistently, based on reliable accounting records rather than estimates or guesswork.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. Qualification is based on size, not on what the company does or where in the country it is based — a Seaford limited company is assessed on the same criteria as any other. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 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 during the period. Meeting two of those three conditions is usually the starting point, not the whole test. The relevant rules also include exclusions and special cases — for example, certain types of company or group structures may be excluded from the regime entirely, and the figures used are the company’s own, assessed on the basis set out in the rules. It is also worth remembering that the regime is optional: a qualifying company can choose it, but does not have to. Because eligibility and suitability depend on your specific circumstances, the sensible approach is to review your turnover, balance sheet and employee numbers alongside your structure and any exclusions before deciding that FRS 105 Micro Entity Accounts are the right fit.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with good records. Your bookkeeping, bank reconciliations, sales and purchase ledgers, fixed asset details, stock and work-in-progress information, loan balances and any director’s loan activity all feed into the figures that appear in the financial statements. From there, the accounts are drawn up in the format required by the framework, with the balance sheet, profit and loss account and supporting notes presented in a way that reflects the company’s circumstances and the accounting policies it has adopted. Where you also need your statutory accounts filed at Companies House, that filing is a separate step from your Corporation Tax position — a CT600 Corporation Tax Return is submitted to HMRC, not Companies House, and the two are prepared under different rules and timetables. Good professional support keeps those strands distinct and well organised, so you understand what is being filed, where, and why. We focus on accurate, well-evidenced financial reporting based on the information you provide and the reporting requirements that apply to your company; we do not claim that any filing is guaranteed to be accepted, nor that any regulator reviews or approves accounts on our behalf.

ICAEW

ACCA

AAT

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

If your Seaford company is considering the micro-entities regime, or you simply want your FRS 105 Micro Entity Accounts prepared carefully and explained in language you can follow, get in touch. Tell us about your business — what it does, how it is structured, your approximate turnover, balance sheet total and average number of employees, and whether you already have accounts prepared under another framework. It also helps to share your accounting records, previous year’s accounts if you have them, details of any loans or assets, and an idea of your other filing obligations. With that information we can assess whether FRS 105 is likely to be available and suitable for your circumstances, explain the options clearly, and set out what is involved, including fixed-fee options and transparent pricing. There is no obligation — just a straightforward conversation about what your accounts need.

─── 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 chooses to apply the micro-entities regime prepares its annual accounts — the format of the balance sheet and profit and loss account and the limited disclosures that go with them. It is a simplified framework designed for genuinely small companies, and it sits alongside the micro-entities regime in company law rather than replacing it.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities and choose to apply the micro-entities regime. 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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically mean a company qualifies or should use FRS 105.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an obligation. A company that qualifies may choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer to prepare accounts under a fuller framework such as FRS 102, often because of the way they are structured, who uses their accounts, or the level of detail they want to show. It is a decision worth talking through rather than assuming.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main financial reporting standard for most UK companies and smaller entities, and it allows or requires a wider range of accounting treatments and disclosures. FRS 105 is deliberately narrower and simpler: it is built for micro-entities and reduces the disclosure requirements considerably. Certain measurement choices available under FRS 102 may not be available under FRS 105, so the framework you use can affect how items such as revaluations or deferred tax are reflected. If your circumstances are straightforward, FRS 105 can be the simpler route.

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

Where a company prepares FRS 105 Micro Entity Accounts and is required to file annual accounts, those accounts are the ones delivered to Companies House, in the micro-entity format permitted by the framework. Filing accounts at Companies House is a separate obligation from your Corporation Tax filing. A CT600 Corporation Tax Return is submitted to HMRC and is not the same document as your statutory accounts, even though the figures are usually related.

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

Yes. FRS 105 accounts are your financial statements, prepared under the micro-entities reporting framework. A CT600 is a Corporation Tax Return submitted to HMRC, and it is calculated under tax rules rather than accounting rules — so taxable profit can differ from accounting profit. Preparing the accounts and preparing the tax return are distinct pieces of work, and both should be based on the same underlying records.

Can a new limited company use FRS 105?

In principle, a newly incorporated company can use the micro-entities regime if it qualifies as a micro-entity and chooses to apply it — but a brand new company has no trading history, so its first accounting period needs to be looked at carefully to see whether the size conditions are met and whether any exclusions apply. It is often worth reviewing the position before the first set of accounts is prepared, so the framework and format are decided early.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping records for the period, bank statements and reconciliations, sales and purchase information, payroll or employee number details, fixed asset purchases and disposals, stock or work-in-progress figures, loan and director's loan balances, and the previous year's accounts if there are any. We also need to understand the company's activities and any unusual transactions. From that, the accounts can be prepared in the required format and explained to you clearly.