─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Solihull

FRS 105 is the financial reporting standard that applies to qualifying UK micro-entities that choose to apply the micro-entities regime, and it underpins the financial statements such companies prepare and file. For a Solihull-based company, that means a simpler reporting format, a lighter disclosure burden and accounts designed around the needs of a very small business rather than a larger corporate group. Because the micro-entities regime is an available accounting regime rather than an automatic one, the starting point is always to check whether the company meets the eligibility conditions and whether the regime genuinely suits its circumstances — for example, where shareholders, lenders or an investor need more detail, a fuller framework such as FRS 102 may be a better fit. Professional preparation helps you work through that decision and then produce FRS 105 Micro Entity Accounts that reflect the company’s own records, its accounting policies and the disclosure requirements of the standard, ready for the directors to review and approve.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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.
  
 
      Posted on Google  
   
   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 .
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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 a Micro-Entity

FRS 105 — formally the Financial Reporting Standard Applicable to the Micro-entities Regime — is the simplest financial reporting framework available to UK companies. It sits alongside the UK’s micro-entities regime, which is a set of legal rules allowing the smallest companies to prepare and file simplified accounts. Where a company qualifies for that regime and its directors choose to use it, FRS 105 is the standard that sets out how the numbers are measured and what has to be disclosed. In practice that means a short profit and loss account, a concise balance sheet and only a small number of notes, with far less detail than you would see under FRS 102. The standard is built around a going concern assumption, and it does not allow revaluation of assets or some of the accounting choices available under other frameworks, which keeps the accounts straightforward but also means the figures can differ from those produced under a fuller standard. If you run a company in Solihull and are weighing up whether FRS 105 Micro Entity Accounts are the right route, the two questions that matter most are whether you meet the micro-entity conditions for the period and whether the resulting accounts will give the people who read them what they need.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and choose to apply it — it is not something every small company can assume it can use. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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. Meeting two of those three conditions is the starting point, not the full answer. Other eligibility rules and exclusions can apply, and some companies are not eligible for the micro-entities regime at all regardless of their size, so the criteria need to be checked against your company’s specific circumstances and the accounting period in question. Directors also have a genuine choice: a qualifying company can still opt for a fuller framework such as FRS 102 where that better suits its shareholders, lenders or growth plans. If you run a company in or around Solihull, we can review your position against the current criteria and help you decide whether FRS 105 Micro Entity Accounts are appropriate for your next set of accounts.

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

FRS 105 Micro Entity Accounts should be built from the company’s underlying records rather than assembled as a standalone exercise. That means working from bank statements and reconciliations, sales and purchase invoices, payroll information, expense receipts, asset purchases, loans and any finance agreements, then presenting the figures in line with the micro-entity format and the disclosure requirements of FRS 105. The directors review and approve the finished accounts before they are finalised, as the responsibility for the accounts rests with them. It is also worth keeping the two filing routes clearly separate: the financial statements are filed at Companies House, while the company’s tax position is dealt with through a Company Tax Return (CT600) submitted to HMRC. Those are different documents with different purposes, even though they are prepared from the same records, and the tax return may include adjustments that do not appear in the accounts. Our role is to prepare accurate, consistent FRS 105 financial statements that properly reflect your year and to keep the accounting and filing side clearly explained, so you know what is being prepared, what is being filed and on what basis.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Solihull

Whether you are preparing FRS 105 Micro Entity Accounts for the first time or moving across from another reporting framework, we can talk through where your company stands and what the next set of accounts involves. Tell us about your trading activity, the accounting period in question, any assets, loans or liabilities on the balance sheet, and how your bookkeeping is currently handled, and we will explain what is needed to prepare your micro-entity financial statements. If you are unsure whether the micro-entities regime is the right choice for your company, that is well worth a conversation before the accounts are prepared rather than afterwards. Get in touch with our Solihull team to discuss your FRS 105 Micro Entity Accounts requirements.

─── 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 that applies to companies using the micro-entities regime. It sets out how the smallest companies measure their income, expenses, assets and liabilities, and what they must disclose in their financial statements. Compared with FRS 102, it is a much shorter and simpler framework, producing a concise profit and loss account, a balance sheet and a limited number of notes.

Who can use FRS 105?

A company can use FRS 105 if it qualifies for the micro-entities regime and the directors choose to apply that regime. Qualifying is not simply a matter of being small — the company needs to meet the size conditions and must not be excluded by other eligibility rules. A company that does qualify can still opt for a fuller reporting framework if that suits its circumstances better, so FRS 105 is an available choice rather than an automatic default.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime does not force a company to use it. Directors of a qualifying company can choose to prepare accounts under FRS 105 or to apply a fuller standard such as FRS 102, depending on what shareholders, lenders or other users of the accounts need. If the micro-entities regime is chosen, FRS 105 is the standard that applies to those accounts.

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 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. Meeting two of the three tests is the starting point rather than the whole answer, because other rules and exclusions apply and some companies are not eligible for the micro-entities regime regardless of their size. Eligibility should therefore be checked against your specific circumstances and the particular accounting period in question.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the general financial reporting standard for UK companies and allows a wider range of accounting policies while requiring more disclosure. FRS 105 is the streamlined standard for the micro-entities regime, with fewer notes, simpler measurement, and no option to revalue assets or use certain alternatives that FRS 102 permits. FRS 102 also includes a small companies regime (often referred to as Section 1A), which sits somewhere between the two in terms of detail.

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

Yes — where a company is required to file accounts, the FRS 105 Micro Entity Accounts are the financial statements that get filed at Companies House, subject to the filing requirements that apply to that company. The accounts must be approved by the directors before they are submitted, and filing at Companies House is a separate step from dealing with the company's Corporation Tax position.

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

Yes. FRS 105 accounts are the company's financial statements, prepared under the micro-entities regime and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and work out the tax due. They are prepared from the same underlying records, but they are separate documents with separate filing routes, and the tax return often needs adjustments that do not appear in the accounts themselves.

What information is needed to prepare FRS 105 accounts?

Typically we need the company's records for the accounting period — bank statements and reconciliations, sales and purchase invoices, payroll and expense details, and information on any assets, loans or other liabilities. The previous year's accounts are helpful where comparatives are needed, along with confirmation of the company's details, share capital and any changes during the period. If you are a Solihull-based company, send over what you have and we can tell you whether anything further is required before the FRS 105 financial statements are prepared for the directors to review and approve.