─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ryde

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying UK companies that choose to apply the micro-entities regime. If your company meets the relevant size conditions and the regime suits your circumstances, FRS 105 accounts can offer a simpler, more streamlined way to prepare and present your annual financial statements — with reduced disclosure compared to larger reporting frameworks. In Ryde, many small limited companies look to FRS 105 Micro Entity Accounts as a practical option, but eligibility depends on more than turnover alone. Professional preparation helps ensure your accounts are put together appropriately for your company’s specific circumstances, that the figures are consistent with your underlying records, and that the resulting financial statements are ready for the company’s reporting and filing obligations.

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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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is the rulebook that a qualifying company follows when it chooses to apply the micro-entities regime, and it produces what are commonly called FRS 105 Micro Entity Accounts. Under FRS 105, the financial statements are prepared on a simpler basis than under FRS 102: there is less disclosure, a more straightforward approach to measuring certain items, and a shorter set of notes. The result is a set of accounts that still shows the company’s financial position and performance, but in a format designed for the smallest companies. It is worth being clear that the micro-entities regime is an available choice, not an automatic one — a company must qualify, and its directors then decide whether to use it. Where that choice is made, FRS 105 applies to those accounts.

Who Can Use FRS 105 in the UK?

FRS 105 is designed for UK companies that qualify for the micro-entities regime and decide to apply it. To qualify, a company will generally need to meet at least 2 of 3 applicable size conditions — for accounting periods beginning on or after 6 April 2025 these are 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. It is important to understand that these size conditions are not the whole story. Other eligibility rules and exclusions can apply, and some companies are excluded from the regime regardless of how small they are, so meeting two out of three conditions does not automatically guarantee eligibility. Nor is the regime mandatory for those who do qualify: applying FRS 105 is a choice, and a company may prefer to report under a different framework depending on its circumstances. For companies in Ryde considering FRS 105 Micro Entity Accounts, the practical step is a review of the company’s position against the rules, followed by a clear explanation of the options before the accounts are prepared.

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

Accurate FRS 105 Micro Entity Accounts start with accurate records. When we prepare accounts for a company in Ryde, the work is built from your bookkeeping, bank records, invoices, and other supporting information, and shaped around the reporting requirements that apply to your company. That includes preparing the financial statements themselves — the balance sheet, the notes required under FRS 105, and the supporting schedules — and, separately, dealing with the accounts filing at Companies House where that is required. It is important to keep this distinct from your Corporation Tax position: filing accounts at Companies House and submitting a Corporation Tax Return (CT600) to HMRC are two different obligations, even though much of the same underlying information feeds both. Similarly, a Confirmation Statement is a separate filing again. We do not claim that any accounts are guaranteed to be accepted or that the process is free of regulatory scrutiny — what we can do is prepare the accounts carefully, explain the basis on which they have been prepared, and make sure you understand what has been submitted and why.

ICAEW

ACCA

AAT

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

If you run a small limited company and want to know whether FRS 105 Micro Entity Accounts are the right route for you, the sensible next step is a straightforward conversation. Tell us about your company — its trading activity, its size, your current accounting records, and what you already file — and we can assess your circumstances and explain the options available to you. Whether you are preparing accounts for the first time, switching from a different reporting framework, or simply want the process handled properly, getting in touch early gives you time to gather the information needed and to ask questions before anything is filed. Reach out to discuss your FRS 105 Micro Entity Accounts requirements and we will take it from there.

─── 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, including the balance sheet, the notes, and the measurement basis used. It is deliberately simpler than FRS 102, with fewer disclosures and a more streamlined format, which is why it is often used for FRS 105 Micro Entity Accounts.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and then choose to apply it. Qualifying is not simply a matter of being small — there are size conditions to meet and certain rules and exclusions that can affect whether the regime is available to a particular company. Meeting the size conditions does not automatically mean a company must use FRS 105; the regime is a choice. We can look at your company's position and explain where it stands.

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 the following 3 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. These are the applicable size conditions, but other eligibility rules and exclusions can apply, so satisfying two of the three is not by itself a guarantee that the micro-entities regime is available.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies may choose to apply it and prepare FRS 105 Micro Entity Accounts, or it may instead prepare accounts under a different framework such as FRS 102. The right choice depends on the company's circumstances, its reporting needs, and the preferences of its directors.

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 they differ in complexity. FRS 105 is the micro-entities standard: it has a reduced disclosure regime and a simpler measurement approach, which generally makes the accounts shorter and less detailed. FRS 102 is the standard used by a much wider range of companies and typically involves more disclosures and more involved accounting judgements. A company that grows beyond the micro-entity conditions may need to move from FRS 105 to another framework.

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

FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime, and for most companies the accounts form part of the annual filing made at Companies House. What is actually filed can differ from the full accounts prepared for the members, because the micro-entities regime allows certain simplifications. This filing obligation is separate from your Corporation Tax obligations, and it is also separate from your Confirmation Statement.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities reporting framework, and they are generally filed at Companies House. A Corporation Tax Return, usually submitted as a CT600, is a tax filing made to HMRC. The two use overlapping financial information, but they are different documents, different purposes, and different recipients, and one does not replace the other.

What information is needed to prepare FRS 105 accounts?

In practice, we usually need your accounting records for the period, bank statements and reconciliations, details of sales and purchases, payroll information where you employ staff, and records of any assets, loans, or amounts owed to and by the company. It also helps to know about anything unusual that happened during the year, such as a significant purchase or sale, a change in activity, or a new source of income. Having this information together before we start makes the whole process smoother.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105, but eligibility depends on the size conditions and the other relevant rules rather than on how long the company has been trading. A company with no trading history will not have the same figures to compare against, so the assessment looks at what is known about the period in question. It is worth discussing this early, because the framework you expect to use can affect how you keep records from the outset.