─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stoke Gabriel

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime, and it is widely used by the smallest limited companies. If your company is based in Stoke Gabriel and you are weighing up how to prepare and file your annual accounts, FRS 105 Micro Entity Accounts can offer a simpler, shorter set of financial statements than the fuller UK GAAP frameworks. Professional preparation helps ensure the accounts are put together appropriately for your company’s own circumstances — its trading activity, its assets and liabilities, its previous filings and the framework it has chosen to apply. It also helps you keep the statutory accounts, the Companies House filing and your separate Corporation Tax obligations clear in your own mind. Eligibility is not automatic: a company must qualify for the micro-entities regime and decide to use it, so it is worth reviewing your position before the accounts are prepared.

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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
  
 
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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

What Is FRS 105? The Micro-Entities Regime Explained

FRS 105 is the UK financial reporting standard that applies to the micro-entities regime. In plain terms, it is the rulebook used to prepare a very simple set of annual accounts for the smallest companies — the kind often described as FRS 105 Micro Entity Accounts. Rather than the fuller accounting options available under FRS 102, FRS 105 works on a straightforward historical cost basis with reduced disclosure, which usually means shorter accounts that are easier to read. It matters because the framework you use shapes the figures in your financial statements and how much detail is published. Importantly, FRS 105 applies only where a company both qualifies as a micro-entity and chooses to use the micro-entities regime; qualifying companies are not obliged to take that route. If you run a small company in Stoke Gabriel and want to understand whether FRS 105 suits your circumstances, an accountant can talk you through the practical differences and what they mean for your reporting.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for 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. Meeting two of those conditions is a starting point rather than the whole answer — other eligibility rules and exclusions can apply, and some entities are not permitted to use the regime at all. Qualifying is also not the same as choosing it: a company that qualifies may still prefer a different framework, depending on what it needs from its accounts. If you run a limited company in Stoke Gabriel, it is worth checking your position for the specific accounting period in question, because eligibility is assessed period by period and the framework you choose should fit your circumstances.

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 for Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts is about more than filling in a template. The figures in your financial statements need to reflect the company’s actual financial records — its income and expenses, its assets and liabilities, and any balances carried forward — and they need to be presented in line with the reporting requirements that apply to the micro-entities regime. Working with an accountant means your records are reviewed, queries are raised before the accounts are finalised, and the resulting financial statements are prepared on a consistent basis from one year to the next. It also helps to keep the different obligations separate in your mind: preparing and filing statutory accounts with Companies House sits alongside, but is distinct from, your Corporation Tax responsibilities, including any Corporation Tax Return (CT600) submitted to HMRC. No outcome can be guaranteed, but careful preparation gives you accounts that are properly considered, clearly explained and easier to rely on.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you are a small company in Stoke Gabriel and would like help with FRS 105 Micro Entity Accounts, the next step is simply a conversation. Tell us about your company — what it does, how it has traded, when your accounting period ends and whether you have previously prepared micro-entity accounts — and we can look at whether the micro-entities regime appears suitable for your circumstances. It helps to have your records to hand: bookkeeping or accounting software reports, bank statements, sales and purchase records, payroll information, details of any assets or loans, and last year’s accounts if you have them. From there we can explain what is involved, what information we need and how the process works, so you can decide how you would like to proceed. You will get a clear explanation of the work involved and the options available to you.

─── 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 the micro-entities regime — the framework used to prepare the annual financial statements of qualifying micro-entity companies that choose to apply that regime. It is deliberately simple: assets and liabilities are measured on a historical cost basis, certain accounting options available under other UK GAAP frameworks are not permitted, and disclosure requirements are reduced. The practical effect is usually a shorter, more straightforward set of accounts, which is one reason FRS 105 Micro Entity Accounts are popular with very small limited companies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies as a micro-entity can choose to apply the regime and prepare FRS 105 accounts, or it can use a different framework such as FRS 102 Section 1A. The right choice depends on the company's circumstances — for example, whether it holds revalued or investment property, whether a lender or parent company expects particular information, or simply which framework gives the clearest picture. Once a framework is chosen, it should generally be applied consistently from year to year.

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 is the starting point rather than a complete answer, because other rules and exclusions also apply. Eligibility is assessed for each accounting period, and thresholds can change over time, so it is worth confirming the position for the specific period you are preparing.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the wider UK GAAP standard, with a reduced-disclosure version often used by small companies. It allows a greater range of accounting treatments — including revaluation, fair value measurement and deferred tax — and requires more notes to the accounts. FRS 105 is far more restrictive: there is no revaluation or fair value accounting, no deferred tax, and much less disclosure. The result is that FRS 105 financial statements are typically shorter and simpler, while FRS 102 accounts give more detail and more flexibility. Neither is automatically better; the most suitable framework depends on what your company needs from its accounts.

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

Yes. Preparing accounts under FRS 105 does not remove the obligation to file annual accounts with Companies House. A company that qualifies as a micro-entity can generally file micro-entity accounts in the format permitted for the regime, which typically includes the balance sheet and the required notes; under current rules the profit and loss account is not normally filed for micro-entities, though that position is subject to change. Filing statutory accounts with Companies House is separate from filing a Corporation Tax Return with HMRC and from filing your Confirmation Statement.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the company's statutory financial statements, prepared under UK accounting standards. A CT600 is the Corporation Tax Return submitted to HMRC, and taxable profit is calculated using tax rules that can differ from the figures shown in the accounts — for example, through capital allowances or disallowable expenses. The accounts often form the starting point for the tax computation, but the two documents are prepared for different purposes and filed with different bodies.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 for its first set of accounts if it qualifies as a micro-entity for that period and chooses to apply the micro-entities regime. New companies sometimes need a little extra thought here: first accounting periods can be longer or shorter than twelve months, and the size conditions may need to be considered in that light. Even where the accounts are prepared under FRS 105, the company still has to meet its other obligations, including filing accounts at Companies House and dealing with its Corporation Tax. It is worth reviewing eligibility for the specific period rather than assuming it.

What changes are coming to micro-entity accounts filing?

The UK has announced reforms to company filing requirements, including changes that would affect how small and micro-entity companies file their accounts and how much information becomes publicly available. The detail and the timing of implementation have been revised more than once, so it is unwise to rely on second-hand summaries or older articles. The sensible approach is to check the current guidance at the time you prepare your accounts, or ask an accountant what the changes mean for your company and how they might affect the way your FRS 105 Micro Entity Accounts are filed.