─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Tunbridge

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying companies that choose to apply the UK micro-entities regime. For a small company in Tunbridge, that choice shapes how the financial statements look: a simpler format, reduced disclosure and a set of accounts built around the company’s actual circumstances rather than a one-size-fits-all template. Professional preparation helps make sure the accounts are drawn up on the correct basis, that the figures reconcile to the underlying records, and that the resulting financial statements are presented consistently from one year to the next. Because eligibility depends on the company’s size and on other rules and exclusions, it is worth reviewing your position before assuming FRS 105 applies. We can help you assess whether the micro-entities regime is available to your company, and if it is, prepare FRS 105 Micro Entity Accounts that reflect the trading activity, assets and liabilities of your business in Tunbridge.

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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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   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

FRS 105 Explained: The Micro-Entities Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In plain terms, it is the accounting rulebook that a company uses when it qualifies for the UK micro-entities regime and decides to apply it. Where FRS 102 is the more detailed standard used by many small and medium-sized companies, FRS 105 strips things back: it works on a simpler measurement basis, reduces the notes required, and produces shorter, more straightforward financial statements. A qualifying company can choose to apply the micro-entities regime, and FRS 105 applies when that regime is the one selected — it is an available framework rather than something automatically imposed. For a director in Tunbridge weighing up how to present the year’s results, the practical effect is a set of FRS 105 financial statements that are quicker to read, simpler to file and still give a true picture of the company’s position, provided the company genuinely meets the qualifying conditions and the regime suits its circumstances.

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

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. Size is the starting point. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 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. Meeting those size conditions is not the whole story. Other eligibility rules and exclusions can apply, and certain types of company may be unable to use the regime regardless of how small they are. A company that qualifies is also free to choose a different reporting framework if that better suits its circumstances. For a business in Tunbridge, the sensible approach is to look at the size tests alongside the specific rules that apply to your company’s activities and structure before deciding whether FRS 105 Micro Entity Accounts are the right fit for the year.

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

Preparing FRS 105 Micro Entity Accounts is not simply a matter of entering numbers into software. The accounts need to be built from your company’s financial records — bookkeeping, bank transactions, sales and purchase data, payroll information where relevant, and details of assets and liabilities — and then presented in line with the reporting requirements that apply to a micro-entity. For a company in Tunbridge, that means agreeing the figures with the underlying records, applying the correct measurement basis, and making sure the balance sheet, profit and loss account and any accompanying notes hang together properly. It is also important to keep the different filing strands separate in your mind. The financial statements themselves are prepared for the company and, where required, filed with Companies House, while Corporation Tax is dealt with through a separate CT600 return submitted to HMRC. A Confirmation Statement is another separate filing again. Handling FRS 105 Micro Entity Accounts alongside these obligations, with clear records and a consistent approach year on year, helps reduce the risk of avoidable queries and makes the reporting process far less stressful.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Tunbridge

If you would like your FRS 105 Micro Entity Accounts prepared clearly and on the right basis, get in touch to talk through your requirements. Tell us about your company’s structure, trading activity and financial records, and share the information we need to assess your circumstances — whether the micro-entities regime looks suitable, how your records are currently kept, and what you already file with Companies House and HMRC. From there we can explain the options, outline our approach and set out clear, transparent pricing so you know what to expect before anything begins. Whether you are a new limited company in Tunbridge preparing a first set of accounts or an established business reviewing how your reporting is handled, a short conversation is usually the quickest way to get 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 designed for micro-entities. It sets out how a qualifying company that applies the micro-entities regime should measure and present its financial statements. Compared with fuller standards, it uses a simpler measurement basis and requires far fewer disclosures, which results in shorter, more concise accounts that are easier for a director and a reader to follow.

Who can use FRS 105?

FRS 105 is available to 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 3 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 eligibility rules and exclusions can also apply, so meeting the size conditions alone does not automatically confirm eligibility. Certain companies, such as some financial or regulated entities, may be excluded regardless of size.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a mandatory one. A company that qualifies can generally choose whether to apply it. FRS 105 applies when that regime is the one selected, so if a qualifying company prefers a fuller reporting framework, it may use another standard instead. The decision affects the format, disclosures and level of detail in the financial statements, so it is worth considering carefully before the accounts are prepared.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 102 is used by a much wider range of businesses and includes more detailed recognition, measurement and disclosure requirements. FRS 105 is a lighter framework written specifically for qualifying micro-entities, with simplified measurement and minimal notes. The practical outcome is that FRS 105 accounts are shorter and less detailed, while FRS 102 accounts generally provide more information and a greater level of disclosure.

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

Where a company is required to file annual accounts, those accounts must be delivered to Companies House. If the company has prepared FRS 105 Micro Entity Accounts and they are the statutory accounts for the period, they form the basis of that filing. Filing obligations can differ depending on the company's circumstances, so it is sensible to confirm what applies to your business rather than assuming a particular deadline or requirement.

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

Yes, they are separate exercises. FRS 105 accounts are the company's financial statements, prepared under the micro-entities reporting framework and filed with Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profit and calculate the tax due. The figures usually start from the same underlying records, but the accounts and the tax return serve different purposes and are filed with different bodies. A Confirmation Statement is a separate filing again.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. In practice, a company in its first period of trading will often be small enough on turnover, balance sheet total and employee numbers, but eligibility still depends on the applicable rules and exclusions, and a first accounting period can raise questions about basis and comparatives. Reviewing the position early helps ensure the first set of FRS 105 Micro Entity Accounts is set up correctly and consistently for future years.

What information is needed to prepare FRS 105 accounts?

Typically you would provide complete bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, payroll details if the company employs staff, details of any assets and liabilities, loan or lease agreements, and information about share capital and any dividends paid. It also helps to know your company's incorporation details, prior year accounts if there are any, and how you currently file with Companies House and HMRC. The clearer the records, the more efficiently the accounts can be prepared.