─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Surbiton: Streamlined Financial Reporting for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — a simplified reporting framework available to UK companies that qualify as micro-entities and choose to apply it. For a small company in Surbiton, the appeal is straightforward: fewer disclosures, a simpler balance sheet and profit and loss format, and financial statements that reflect the size and nature of the business without unnecessary complexity. Eligibility depends on meeting the relevant size conditions and on the company not being excluded for any other reason, so it is not something every small company can assume it qualifies for. Working with an experienced preparer helps ensure your FRS 105 Micro Entity Accounts are put together appropriately for your circumstances — built from your actual accounting records, presented consistently, and prepared with the applicable reporting requirements in mind. Before any accounts are prepared, it is worth reviewing your position for the period in question, because eligibility can change as a company grows, takes on investment, or changes what it does.

🔥 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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits alongside the micro-entities regime, which is a set of rules allowing very small companies to prepare simpler financial statements than those required under fuller frameworks such as FRS 102. In plain terms, if your company qualifies for the micro-entities regime and you decide to use it, FRS 105 is the standard that tells you how those financial statements should be drawn up — what goes on the balance sheet, how the profit and loss account is presented, and what notes are needed. The trade-off is deliberately modest: you get a simpler, shorter set of accounts, but you also disclose less detail, which can matter if a bank, investor or buyer later wants more information. Qualifying is not automatic and applying the regime is a choice, not an obligation. For many owner-managed companies in Surbiton, though, it is a sensible fit: the accounts stay proportionate to the business, and the reporting burden is kept light.

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

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. Those figures give a useful starting point, but they are not the whole test. Eligibility can also be affected by the type of entity, what the company does, and whether any exclusions apply, which means meeting the size conditions alone does not automatically make FRS 105 available to every company that sits below the thresholds. Alongside that, applying the regime is a decision rather than a default — a qualifying company may prefer to prepare its accounts under a fuller standard such as FRS 102. For Surbiton-based companies, the practical answer is to review eligibility and appetite for the regime together, using the specific accounting period in question.

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.

Accurate Financial Reporting with Professionally Prepared FRS 105 Micro Entity Accounts

Preparing FRS 105 Micro Entity Accounts properly starts with good records. We work from your bookkeeping, bank information, sales and purchase records and any other supporting documents to build a set of financial statements that reflects what actually happened in the period. From there, the accounts are prepared in line with the micro-entities regime and the applicable reporting requirements, including the recognition and measurement rules and the disclosure expectations that apply to a company using FRS 105. It is important to keep two things separate: the financial statements themselves, which are prepared for the members and filed at Companies House, and your Corporation Tax obligations, which are handled through a Company Tax Return (CT600) submitted to HMRC. They draw on the same underlying figures but they are different exercises with different audiences, and one does not replace the other. If your circumstances are unusual — a group relationship, a property transaction, a change of accounting policy — we will flag it and discuss how it affects the accounts before anything is finalised.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Surbiton

If you would like to talk through your FRS 105 Micro Entity Accounts, we are happy to help. Get in touch and tell us a little about your company — what it does, how it is structured, the accounting period you need accounts for, and whether you have used the micro-entities regime before. It also helps to share your latest records, any previous accounts, and details of anything unusual that happened during the period, such as a new loan, a significant purchase or a change in ownership. With that information we can assess your circumstances, explain what is involved, and set out clear, transparent pricing for the work. Whether you are preparing micro-entity accounts for the first time or want a second pair of eyes on an established approach, we can talk it through.

─── 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 a qualifying micro-entity prepares its financial statements, including the format of the balance sheet and profit and loss account and the limited notes that accompany them. It is deliberately simpler than fuller standards, on the basis that the smallest companies should not face the same reporting burden as larger ones.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualifying generally depends on meeting the micro-entity size conditions, but other rules and exclusions can also apply, and some types of entity are not eligible at all. Because eligibility depends on your specific circumstances and can change from one period to the next, it is worth confirming your position before assuming FRS 105 is the right framework for a given year.

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 may use FRS 105, but it can also choose to prepare its accounts under a fuller framework such as FRS 102. The choice is usually driven by what the accounts are for — for example, whether a lender, investor or potential buyer is likely to want more detail than the micro-entity format provides.

What are the micro-entity eligibility criteria for accounting periods beginning on or after 6 April 2025?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of these 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 those conditions is not on its own a guarantee of eligibility, because further rules and exclusions can apply to particular companies and circumstances. It is always worth checking the detail rather than relying on the headline thresholds alone.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the main financial reporting standard for UK companies and covers a much wider range of entities and transactions, with more extensive recognition, measurement and disclosure requirements. FRS 105 is a pared-back standard written only for micro-entities, offering simpler presentation and far fewer disclosures. Moving between the two is possible as a company's size or needs change, but the transition should be handled carefully so the accounts remain consistent.

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

Yes. A company's annual accounts — including accounts prepared under FRS 105 — are filed at Companies House, which is the registrar for company information in the UK. Filing the accounts is separate from settling your tax position, and it is separate again from your Confirmation Statement, which confirms that the information Companies House holds about the company is up to date.

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

Yes, they are different filings. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is a Company Tax Return submitted to HMRC to report the company's taxable profits and calculate the Corporation Tax due. The two are closely related because the CT600 is normally based on the figures in the accounts, but they are prepared separately and go to different bodies.

What information is needed to prepare FRS 105 Micro Entity Accounts?

We usually need your bookkeeping or accounting records for the period, bank and credit card statements, details of sales and purchases, payroll information where relevant, and records of any assets, loans or leases. Previous years' accounts are helpful for consistency, as are details of anything unusual during the period. If your records are incomplete, we can discuss what is needed to get to a position where the accounts can be prepared properly.