─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Sturminster Newton

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework for companies that qualify for, and choose to apply, the UK micro-entities regime. In Sturminster Newton, many smaller limited companies look for a straightforward way to meet their accounts preparation needs without unnecessary complexity. Professional preparation can help ensure your FRS 105 Micro Entity Accounts are based on the company’s financial records and presented appropriately for its circumstances. It is important to remember that FRS 105 is an available regime, not an automatic entitlement, so eligibility should always be checked against the applicable rules and exclusions before 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
  
 
      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 for Micro-Entities in Sturminster Newton

FRS 105 is the financial reporting standard used for UK micro-entity accounts when a qualifying company chooses to apply the micro-entities regime. In simple terms, it provides a simplified accounting framework for eligible micro-entities, with financial statements that are designed to be less detailed than those prepared under larger-company reporting standards. If your company qualifies and decides to use the micro-entities regime, FRS 105 applies to the preparation of its accounts. For a business in Sturminster Newton, that can mean a clearer, more proportionate reporting process, provided the accounts are still built from accurate records and reflect the company’s financial position. FRS 105 does not apply automatically to every small company, so the starting point is always to confirm eligibility and the reporting choices available.

Who Can Use FRS 105 in the UK? Micro-Entity Accounts in Sturminster Newton

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it, including companies in Sturminster Newton. 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. However, other eligibility rules and exclusions can apply, so meeting the size thresholds alone does not guarantee that a company can use FRS 105. Before preparing FRS 105 Micro Entity Accounts, it is important to confirm the company’s eligibility and whether the micro-entities regime is the appropriate choice.

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 in Sturminster Newton

Professionally prepared FRS 105 Micro Entity Accounts can be based on your company’s financial records and the applicable reporting requirements, helping to present the financial statements in a clear and consistent way. The preparation process typically involves reviewing your bookkeeping, understanding the company’s circumstances, and drafting the accounts for the relevant period. Where required, filing the accounts with Companies House is a separate step from dealing with Corporation Tax, and a CT600 Corporation Tax Return is not the same as FRS 105 Micro Entity Accounts. We aim to help you understand what is needed, prepare the accounts in line with the chosen framework, and keep the accounts preparation and tax filing requirements clearly distinguished. No outcome, approval, or specific filing result can be guaranteed, but the process can be handled professionally from start to finish.

ICAEW

ACCA

AAT

Discuss Your FRS 105 Micro Entity Accounts in Sturminster Newton

If you need help with FRS 105 Micro Entity Accounts in Sturminster Newton, get in touch to discuss your requirements. We can talk through your company’s position, the information you have available, and the next steps for preparing micro-entity accounts. To assess your circumstances properly, it helps to have details such as your accounting period, bookkeeping records, trial balance or accounting software access, and any relevant company information. Whether you are filing for the first time or reviewing how your current accounts are prepared, we can help you work through the FRS 105 Micro Entity Accounts process with clear, transparent pricing and practical guidance.

─── 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 companies that qualify for the micro-entities regime and choose to apply it. It allows eligible micro-entities to prepare simpler financial statements than they would under a larger reporting framework. FRS 105 Micro Entity Accounts are therefore not a separate tax return; they are the accounts prepared for the company under that accounting regime.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the UK micro-entities regime and decide to apply it. 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can apply, so meeting the size thresholds alone does not always guarantee eligibility.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a mandatory one. A qualifying company can generally choose whether to apply the micro-entities regime, and FRS 105 applies when that regime is chosen. Some companies may prefer or need to use a different framework, so the right approach depends on eligibility and the company’s circumstances.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the main size conditions 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. A company generally needs to meet at least 2 of these 3 conditions, subject to the relevant rules and exclusions. It is also important to check that no other eligibility restriction applies, because the thresholds are not the only test.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler micro-entities reporting framework, while FRS 102 is a broader UK financial reporting standard used by many other companies. FRS 105 generally involves fewer disclosures and a more streamlined set of financial statements, but it is only available to companies that qualify for the micro-entities regime and choose to apply it. FRS 102 may be more appropriate for companies that do not qualify, do not choose the micro-entities regime, or need a more detailed reporting framework.

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

Where a company prepares FRS 105 Micro Entity Accounts, those accounts may need to be filed with Companies House as part of the company’s accounts filing obligations, depending on the company’s circumstances and the filing requirements that apply. Filing accounts with Companies House is separate from filing a Corporation Tax Return with HMRC. It is worth confirming the current requirements and accepted filing method before submitting.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime. A CT600 is a separate Corporation Tax Return submitted to HMRC, and the figures used for tax purposes may differ from the accounts. The accounts do not replace the CT600, and filing one does not automatically deal with the other.

Can a new limited company use FRS 105?

A newly incorporated limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies still need to consider the size conditions and any exclusions, and eligibility should be checked for each relevant accounting period. If the company qualifies, FRS 105 Micro Entity Accounts can provide a proportionate reporting framework from an early stage.