─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ruislip

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime, and our Ruislip-based service is built specifically around that framework. If your company is eligible and the directors decide the micro-entities regime is right for it, FRS 105 Micro Entity Accounts can be prepared from your bookkeeping records, bank statements and supporting documentation, producing a set of financial statements designed to be concise and straightforward. Professional preparation helps ensure the accounts are put together appropriately for your company’s particular circumstances — its income streams, its balance sheet, any loans, directors’ transactions and the disclosure requirements that apply — rather than being produced from a template without thought. We also make sure you understand what the figures mean, how they sit alongside your other statutory obligations, and what still needs to be filed separately. Eligibility is not automatic, so the first step is always a conversation about whether your company qualifies and whether the micro-entities regime suits its plans.

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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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 It Means for Your Micro-Entity

Put simply, FRS 105 is the UK accounting standard written for the smallest companies — those that qualify for the micro-entities regime. If a company qualifies and its directors choose to apply that regime, FRS 105 is the framework used to prepare its annual financial statements. It is deliberately leaner than the standards used by larger businesses: it focuses on the balance sheet and the notes, with a simpler measurement basis and far fewer disclosures to think about. That means less jargon, shorter accounts and a reporting process that reflects the reality of running a small company. What FRS 105 does not do is change your tax position or replace other filings — it is an accounting and financial reporting framework, not a tax return. Companies in Ruislip and the surrounding area often find that once the regime is explained clearly, the accounts become much less daunting, and the value of professional help lies in getting the detail right, applying the framework consistently and knowing where the boundaries of the regime sit.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and that 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 — but those size tests are only part of the picture. The regime is not open to every type of entity, and various rules and exclusions can apply, so meeting the thresholds on their own does not guarantee that a company is eligible. On top of that, eligibility is not the same as obligation: a qualifying company can decide to apply the micro-entities regime or to prepare its accounts under a different framework. For companies in Ruislip considering FRS 105 Micro Entity Accounts, the sensible approach is to review your figures and circumstances against the current rules, confirm the position, and then decide whether the regime genuinely suits how your business operates and reports.

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 Financial Statements

Good FRS 105 Micro Entity Accounts start with accurate records and end with financial statements that faithfully reflect what has happened in the business. We work from your accounting records — sales, expenses, bank and card transactions, asset purchases, loan movements and director-related entries — and prepare a balance sheet and supporting notes under the FRS 105 framework, keeping the level of disclosure appropriate to a micro-entity. Preparation of the financial statements is one task; filing those accounts with Companies House as part of your company’s annual accounts is another; and dealing with your Corporation Tax position through a CT600 is a third, separate matter handled with HMRC. Each has its own rules, deadlines and information requirements, and we are clear about which is which so nothing gets confused. Our role is to prepare and support, based on the information you provide and the reporting requirements that apply to your company — we do not claim guaranteed acceptance by any authority, and the directors remain responsible for approving and submitting the accounts.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Ruislip

If you would like straightforward, professional support with your FRS 105 Micro Entity Accounts in Ruislip, get in touch and let’s talk through your situation. Tell us about your company — its trade, roughly how it is structured, what your records look like and when your accounts are due — and we can assess whether the micro-entities regime is likely to be available to you and what would be involved in preparing your FRS 105 financial statements. Bring your bookkeeping, bank statements and details of any assets, loans or director transactions, and we will explain the process, the information we need and how our clear, transparent pricing works. There is no obligation and no pressure: just a useful conversation about your accounts, your other filing obligations and the most sensible way forward for your business.

─── 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 financial statements, using a simplified measurement basis and a much shorter set of disclosures than the standards used by larger companies. It is an accounting framework only — it does not determine your tax liability and it does not replace any other filing.

Who can use FRS 105?

It is available to companies that qualify as micro-entities and whose directors then choose to apply the micro-entities regime. Qualifying is about more than size alone: certain company types and circumstances are excluded, and the eligibility rules need to be checked against your specific situation. A company that qualifies is not obliged to use the regime, and a company that does not qualify cannot simply elect into it.

Is FRS 105 compulsory for every micro-entity?

No. Meeting the size conditions does not automatically mean you must use FRS 105. Qualifying companies can choose whether to apply the micro-entities regime or to prepare accounts under a different framework. The choice can be influenced by what the directors want from the accounts, whether anyone outside the company relies on them, and whether a fuller set of financial statements would be more useful — so it is worth discussing before you decide.

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 headline size tests, and other rules and exclusions can still affect whether the regime is available, so the criteria should be confirmed against your company's actual figures and circumstances rather than assumed.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard and is intentionally simpler, with fewer measurement options and far lighter disclosure requirements. FRS 102 is used by a much wider range of businesses, including many small and medium-sized companies, and produces fuller financial statements with more notes. Moving between the two is possible, but it is a decision worth taking with advice, because it affects how the accounts look and what is disclosed.

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

Yes — in the ordinary course, a company's annual accounts are filed at Companies House, and where those accounts are prepared under FRS 105 they are filed as micro-entity accounts. Filing the accounts is a separate obligation from filing your confirmation statement and from your Corporation Tax filing with HMRC. The accounts must be approved by the directors and submitted within the applicable filing window for your company.

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

Yes, they are distinct. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report your company's taxable profits and work out what tax is due. The two are connected in the sense that they are both built from the same underlying records, but they serve different purposes, go to different bodies and follow different rules.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies as a micro-entity and the directors choose to apply the regime. In the first period, the criteria are generally considered in relation to the period in question, bearing in mind that the company may not have a full trading history. Because eligibility depends on your company's own figures and on the applicable rules and exclusions, it is best confirmed before the accounts are prepared rather than assumed.