─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Tadley for Qualifying Companies

FRS 105 Micro Entity Accounts in Tadley are prepared under the UK micro-entities regime for companies that qualify for that regime and choose to apply it. FRS 105 provides a simplified financial reporting framework, which can make the accounts easier to read and less detailed than those prepared under a fuller accounting standard. Professional preparation can help ensure that the accounts reflect the company’s financial records and circumstances appropriately, from the balance sheet and profit and loss account through to the notes and any filing-ready information. It is important to remember that not every small company automatically qualifies for the micro-entities regime; eligibility depends on the applicable size criteria and other rules or exclusions. We can help Tadley companies understand whether FRS 105 Micro Entity Accounts are suitable and prepare them on that basis where they are.

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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.
  
 
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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.
  
 
      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 Micro Entity Accounts Explained: What the Micro-Entities Regime Means for Tadley Companies

FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. In simple terms, it gives smaller companies a more streamlined way to prepare their annual financial statements, with simpler measurement rules and fewer disclosure requirements than standards designed for larger businesses. The micro-entities regime is optional for companies that qualify, so choosing it is a decision that should be made with the company’s circumstances in mind. When the regime is selected, FRS 105 Micro Entity Accounts are the accounts prepared for that purpose and can be used for the company’s statutory accounts filing. FRS 105 is an accounting and financial reporting framework; it is separate from a Corporation Tax Return (CT600), which is a tax filing submitted to HMRC. For Tadley companies, understanding FRS 105 is a useful first step towards deciding whether it is the right basis for their annual accounts.

Who Can Use FRS 105 Micro Entity Accounts in the UK? Eligibility for Tadley Companies

FRS 105 is intended for UK companies that qualify for the 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, subject to the relevant rules and exclusions: 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. Meeting these size conditions does not, by itself, guarantee that a company can use FRS 105, because other eligibility rules and exclusions can apply. It is also a choice rather than an automatic requirement for every qualifying company. Tadley businesses considering FRS 105 Micro Entity Accounts should review their position carefully and take advice where needed before deciding whether the micro-entities regime is right for them.

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 Tadley: Accurate Financial Reporting Support

Professionally prepared FRS 105 Micro Entity Accounts in Tadley are based on the financial records and information a company provides, interpreted in line with the applicable reporting requirements. The work typically involves preparing the financial statements — such as the balance sheet, profit and loss account and any required notes — and helping to get the accounts into a form suitable for filing with Companies House where that is required. This is separate from Corporation Tax obligations: a CT600 is submitted to HMRC to report the company’s tax position, while FRS 105 accounts are the financial statements prepared under the micro-entities regime. We cannot guarantee a particular filing outcome or claim that Companies House or HMRC approves or endorses accounts, but we can help you approach the preparation process in an organised way, using the records you hold and discussing any areas where further information is needed.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Tadley

Talk to us about your FRS 105 Micro Entity Accounts in Tadley. Whether you are a new company assessing whether the micro-entities regime may be suitable, or an established business already preparing accounts under FRS 105, we can discuss your requirements and explain the information typically needed to assess your circumstances. Share your records, prior accounts if available, details of income and expenses, and any other relevant financial information, and we can help you take the next step with clarity.

─── 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 qualifying companies that choose to apply the micro-entities regime. It provides a simplified framework for preparing annual financial statements, with fewer disclosures and simpler measurement requirements than standards intended for larger entities. It is an accounting standard, not a tax return, so it does not replace a CT600 or other HMRC filing.

Who can use FRS 105?

FRS 105 can be used by companies that qualify for the micro-entities regime and choose to apply it. The company must meet the relevant eligibility conditions for the accounting period, and it must not be caught by any exclusion that prevents use of the regime. Meeting the size tests alone does not guarantee eligibility, because other rules can apply. It is also a choice: a qualifying company may decide whether to apply the micro-entities regime, and FRS 105 applies when that regime is chosen.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an automatic requirement. A company that qualifies may choose to apply it, in which case FRS 105 applies to its financial statements. A qualifying company may instead use another applicable accounting framework, depending on its circumstances and the choices available to it. Some companies may also be excluded from using the micro-entities regime altogether.

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, subject to the relevant rules and exclusions: 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. These are size conditions only, and other eligibility rules or exclusions can affect whether the micro-entities regime is available. If you are unsure, it is worth reviewing your company’s position before preparing FRS 105 Micro Entity Accounts.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler financial reporting standard available to qualifying companies that choose the micro-entities regime. FRS 102 is a broader UK accounting standard used by many companies that do not use FRS 105 or that choose not to apply the micro-entities regime. In general, FRS 105 involves fewer disclosures and a more streamlined approach, while FRS 102 has wider requirements and options. The right framework depends on eligibility and the company’s circumstances.

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

Companies generally need to file annual accounts with Companies House, and FRS 105 Micro Entity Accounts can form the basis of that filing for companies that qualify for and apply the micro-entities regime. The filing itself is separate from the accounts preparation work, and the applicable statutory deadline depends on the company’s year end and filing history. A CT600 for HMRC is a separate Corporation Tax filing.

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

Yes. FRS 105 accounts are financial statements prepared under the UK micro-entities regime, while a CT600 is a Corporation Tax Return submitted to HMRC. They serve different purposes and are filed with different bodies, although the figures in the accounts and the tax return may overlap. Preparing FRS 105 Micro Entity Accounts does not, by itself, deal with the company’s Corporation Tax filing obligations.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Eligibility still depends on the relevant size conditions and any other rules or exclusions, and first-period circumstances can affect the assessment. It is not automatic. It is sensible to review the company’s position before deciding whether FRS 105 Micro Entity Accounts are appropriate.