─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stotfold

FRS 105 provides the financial reporting framework that applies when a qualifying UK company chooses to apply the micro-entities regime. For a company based in Stotfold, preparing FRS 105 Micro Entity Accounts means taking the underlying bookkeeping and financial records and turning them into a simplified set of financial statements — typically a balance sheet, a profit and loss account and the supporting notes, together with the reports required for the company’s circumstances. Professional preparation helps ensure the accounts are put together on a consistent basis, that the recognition and measurement choices available under FRS 105 are applied sensibly, and that the figures in the accounts can be reconciled back to the company’s records. It also helps directors understand what the accounts are saying before they are filed. Eligibility is not automatic: the micro-entities regime is only available to companies that qualify and actively choose to apply it, and other accounting frameworks may be a better fit for some businesses. Good preparation starts with a clear conversation about your company’s circumstances, its accounting records and what you need from the accounts.

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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 
    
 
 
 
   
 
 
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   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
  
 
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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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 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

FRS 105 Explained: The UK Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is the rulebook a qualifying company follows when it chooses to apply the micro-entities regime and prepare FRS 105 financial statements, rather than reporting under a fuller framework such as FRS 102. Its purpose is to reduce complexity: the measurement rules are kept straightforward, fair value accounting largely gives way to a simpler historical cost approach, and the disclosure requirements are much lighter than those for larger companies. That means shorter, more readable accounts with fewer notes. The micro-entities regime is optional rather than automatic — a company must first qualify as a micro-entity and then decide to adopt the regime for its accounting, and FRS 105 is the standard that applies once that choice is made. For directors of a small company in Stotfold, the practical benefit is a set of accounts that reflects the business accurately without unnecessary detail, while still meeting the reporting requirements that apply to the company. Understanding what FRS 105 does and does not allow is the starting point for deciding whether it suits your business.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility Explained

FRS 105 is designed for UK companies that fall within the micro-entities regime and decide to apply it. Two things have to line up: the company must qualify as a micro-entity, and it must actually choose the regime rather than report under another framework. On size, for accounting periods beginning on or after 6 April 2025 a company generally needs to meet at least 2 of 3 applicable 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 — subject to the relevant rules. Meeting those conditions is a starting point, not the whole test. The legislation also contains exclusions and other eligibility rules, so certain companies may not be able to apply the regime even if they look small on the numbers, and a company can move in or out of eligibility as its figures change from year to year. For a business in Stotfold, the practical approach is to look at the actual results and structure of the company rather than assume the regime applies, then decide whether FRS 105 Micro Entity Accounts are the most suitable way to report.

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

Well-prepared FRS 105 Micro Entity Accounts start with accurate records. The work begins with the company’s bookkeeping, bank and ledger information, sales and purchase records, payroll data, asset and liability details and any relevant agreements, and it ends with a set of financial statements prepared under the FRS 105 framework. Because micro-entity accounts are simplified, the judgement sits in the detail: making sure income and costs are recognised in the right period, that assets and liabilities are measured on a basis permitted by FRS 105, that the balance sheet actually balances against your records, and that the small number of required disclosures is complete and consistent with the figures. Preparation of the financial statements and filing them at Companies House is one piece of a company’s reporting obligations; Corporation Tax is handled separately through a Company Tax Return (CT600) submitted to HMRC, and the two are prepared for different purposes even though they draw on the same underlying numbers. Accounts are prepared on the basis of the information and instructions provided, so anything unusual — a significant one-off transaction, a change in accounting policy, a group relationship or a question over whether the micro-entities regime is the right fit — is worth raising early so it can be dealt with properly.

ICAEW

ACCA

AAT

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

If your company is considering the micro-entities regime, or you already prepare FRS 105 Micro Entity Accounts and would like them handled by someone who works with the framework regularly, the next step is a straightforward conversation. Tell us about your business — what it does, how it is structured, when your accounting period ends, whether you are newly incorporated or have a trading history, and how your records are currently kept. It also helps to know whether you need accounts for Companies House only, or whether you also want support with the separate Corporation Tax position. The more we understand about your circumstances, the easier it is to explain how FRS 105 applies to you, what information we would need to see, and what the work involves from start to finish. Pricing is clear and transparent, with fixed-fee options available, so you know where you stand before any work begins. Get in touch to discuss your requirements and we will help you work out the right way forward.

─── 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 micro-entities. It sets out how a qualifying company that has chosen to apply the micro-entities regime prepares its financial statements, with simpler measurement rules and reduced disclosure compared with fuller frameworks. Accounts prepared this way are commonly referred to as FRS 105 Micro Entity Accounts.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under UK company law and then choose to apply the micro-entities regime. Qualifying on size is only part of the picture — there are additional eligibility rules and exclusions, and a company that qualifies is not obliged to adopt the regime. The position should be assessed company by company.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A qualifying company may choose to apply it and report under FRS 105, or it may instead report under another framework such as FRS 102 Section 1A for small entities. What matters is that the framework chosen is appropriate for the company and applied consistently, with any change in framework handled properly.

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. Other rules and exclusions also apply, so meeting the size conditions alone does not guarantee eligibility for the micro-entities regime.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the streamlined standard for micro-entities, with simpler measurement and much lighter disclosure, which produces shorter and more straightforward accounts. FRS 102 is a fuller framework — small companies often use Section 1A of it — and it offers more accounting options and requires more extensive notes. The right choice depends on the company's size, structure, transactions and what the directors need from the accounts.

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

Micro-entity accounts are generally filed at Companies House, usually in the simplified form that the micro-entities regime permits, although the exact filing obligation depends on the company's circumstances. Filing the accounts is separate from the company's Corporation Tax obligations. It is worth confirming your filing position for each accounting period rather than assuming it stays the same.

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

Yes. These are two different submissions to two different bodies. FRS 105 Micro Entity Accounts are financial statements prepared under a UK accounting framework, while a CT600 is a Company Tax Return submitted to HMRC to report the company's Corporation Tax position. They are often prepared from the same records and figures, but one does not replace the other.

Can a new limited company use FRS 105?

A newly incorporated company may be able to, provided it qualifies as a micro-entity and chooses to apply the regime. A first accounting period is often shorter than twelve months, and eligibility should be considered alongside the company's structure, activities and any exclusions that may apply. It is worth reviewing the position before the first set of accounts is prepared.