─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in South: Simple, Professionally Prepared Financial Statements for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts provide the financial reporting framework for companies in South that qualify for the UK micro-entities regime and choose to apply it. Under FRS 105, qualifying companies prepare accounts using a streamlined set of recognition and measurement rules with far fewer disclosures than larger reporting frameworks, which keeps the financial statements clear and focused on the essentials. Eligibility is not automatic: a company generally needs to meet at least 2 of the 3 applicable size conditions, and other rules and exclusions can affect whether the regime is available. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual financial records, are presented in an appropriate format, and are consistent with the accounting policies applied. It also helps separate the accounts themselves from the other obligations a company may have, such as its Corporation Tax Return (CT600) and Confirmation Statement, so nothing is overlooked.

🔥 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: The Financial Reporting Framework Behind Micro-Entity Accounts

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In plain terms, it is the rulebook a qualifying company follows when it decides to prepare micro-entity accounts. The micro-entities regime is an available accounting regime, not a requirement everyone must follow, so a company that qualifies can choose to apply it — and when that choice is made, FRS 105 is the standard that applies to the financial statements. Compared with fuller frameworks, FRS 105 keeps things lean: it works on a largely historical cost basis, limits the accounting options available, and requires a much smaller set of notes, while still producing a balance sheet, a profit and loss account and the supporting disclosures the standard expects. For a small company in South, that usually means accounts that are easier to read, quicker to prepare from accurate records, and better suited to the straightforward way many micro-entities actually trade. The key point is that FRS 105 applies because the company has chosen the micro-entities regime and meets the relevant conditions — not simply because it is a small limited company.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is available to companies that qualify for the UK 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 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. Those tests are the starting point rather than the whole picture. The micro-entities regime also carries its own rules and exclusions, which can mean some companies cannot use it even where the size conditions are met — for example, certain entity types and some group situations fall outside it. Eligibility can also change as a company grows or its circumstances shift, so it is sensible to review the position each year rather than assume last year’s answer still applies. For companies in South, the practical question is twofold: does the company qualify for the micro-entities regime, and is applying it the right choice for how the business reports? A short review of your figures will usually make that clearer.

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 and Accurate Financial Reporting in South

Professionally prepared FRS 105 Micro Entity Accounts start with your underlying financial records — bookkeeping, bank transactions, sales and purchase information, payroll detail and any asset or liability balances. From that information, the accounts are built using the recognition, measurement and disclosure requirements that apply to the micro-entities regime, with accounting policies chosen to suit the company’s circumstances and applied consistently. The output is a set of financial statements that presents the company’s position clearly and supports the decisions you need to make as a director. It is worth keeping the separate obligations distinct: preparing and filing the accounts with Companies House is one task, while a Corporation Tax Return (CT600) is a separate submission made to HMRC under Corporation Tax rules, and a Confirmation Statement is a further, different filing. Good accounting support keeps each of these in its proper place, uses the same underlying records consistently, and gives you a clear picture of what has been prepared and why. We do not claim that any filing will be accepted automatically or that a set of accounts guarantees compliance — the aim is careful, accurate work based on the information you provide and the requirements that apply to your company.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in South

If your company in South may qualify for the micro-entities regime and you would like to discuss FRS 105 Micro Entity Accounts, get in touch and tell us about your circumstances. It helps to have a recent set of records to hand — details of income and expenses, bank and loan balances, any assets owned by the company, payroll information and your previous year’s accounts or filing history — along with a note of your accounting period dates, your company registration details and whether you also need support with your Corporation Tax Return (CT600) or Confirmation Statement. We will talk through whether the micro-entities regime looks appropriate, what information is still outstanding, and how the accounts can be prepared from your records. Pricing is kept clear and transparent, with fixed-fee options where they suit the work involved. The first step is simply a conversation about what you 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 that applies to companies using the micro-entities regime. It sets out how the financial statements are put together — largely on a historical cost basis — and requires a much smaller set of notes than fuller reporting frameworks. If a qualifying company chooses the micro-entities regime, FRS 105 is the standard its accounts follow.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is a two-part test: the company needs to fall within the size limits, and it must not be caught by the rules and exclusions that remove certain types of entity from the regime. Meeting a size threshold on its own does not automatically mean the regime is available, so eligibility is worth checking against your company's specific situation before deciding.

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 can choose to apply it, and if it does, FRS 105 applies to its financial statements. A qualifying company may instead prepare accounts under a fuller framework, which can mean more disclosures and different accounting treatments. The choice is usually made with the company's circumstances and reporting needs in mind.

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. These are the headline size tests, and further rules and exclusions can still affect whether the regime is available — for example, certain entity types cannot use it regardless of size. It is worth confirming the position for your own company and accounting period.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entities standard, designed to be the simplest option available, with limited accounting choices and minimal disclosure. FRS 102 is a fuller framework used by many small and larger companies, and it permits or requires more detailed measurement options and significantly more note disclosures — for instance around financial instruments, deferred tax and fair values. In practice, FRS 105 accounts are shorter and more straightforward, while FRS 102 accounts give a more detailed picture. Which framework applies depends on the regime the company qualifies for and chooses.

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

A limited company's annual accounts are filed with Companies House, and where a company prepares its accounts under FRS 105, those are the accounts that are filed. The content and format must comply with the micro-entities regime where it has been applied. Filing accounts is separate from the Confirmation Statement, which is a different Companies House filing, and separate again from anything submitted to HMRC.

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

Yes, they are two distinct things. FRS 105 accounts are the company's financial statements, prepared under the micro-entities framework and filed with 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. The accounts often provide the starting point for the tax return, but the two are prepared for different purposes and submitted to different bodies.

What information do you need to prepare FRS 105 Micro Entity Accounts?

As a starting point: your accounting period dates, company registration details, and records covering the period — sales and other income, expenses and receipts, bank and loan balances, any assets the company owns such as equipment or vehicles, and payroll information if you employ staff. Your previous year's accounts are helpful for comparatives and for consistency. If anything is missing, we will tell you what else is needed before the accounts can be finalised.