─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in W Yorkshire

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework designed for qualifying micro-entities that choose to apply the micro-entities regime. If your company in W Yorkshire keeps straightforward records and falls within the relevant size criteria, FRS 105 can offer a simpler, more concise set of financial statements than larger reporting frameworks — with reduced disclosure requirements and a format built around the information micro-entity shareholders and directors actually need. Professional preparation helps ensure your accounts are put together appropriately for your company’s particular circumstances, reflecting its transactions, balances and accounting policies in a consistent way. It also helps you present your figures clearly, keep your records in good order, and understand what the accounts show before they are filed. Eligibility is not automatic, and there are rules and exclusions that can affect whether the micro-entities regime is available to a given company, so the starting point is always a proper review of your position rather than an assumption.

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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 Reporting Framework for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard that applies to companies choosing to use the micro-entities regime. In plain terms, it is a simplified accounting framework: it sets out how a qualifying micro-entity prepares its annual financial statements, and it strips away much of the detail that larger companies must disclose. The philosophy behind FRS 105 is straightforward — the accounts should give a true and fair view of the company’s financial position using a format that is proportionate to a very small business, rather than mirroring the reporting expected of larger entities. The key point is that the micro-entities regime is a choice. A company that qualifies under the size criteria is not obliged to adopt it, and FRS 105 only applies where that regime is actually selected. Some companies prefer the familiarity of FRS 102, particularly if a lender, investor or group parent expects a fuller set of disclosures. Others value the simplicity and lower administrative burden that FRS 105 can bring. Understanding which framework suits your company — and confirming that you genuinely qualify — is the first practical step, and it is worth reviewing with someone who deals with micro-entity reporting regularly.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. The regime is optional: qualifying companies can adopt it, and FRS 105 applies when they do. 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. However, the size tests are only part of the picture. Other eligibility rules and exclusions can prevent a company from using the regime even where it looks small enough on turnover, assets and headcount, and some entity types are treated differently. That means meeting the thresholds should never be taken as an automatic green light. Companies in W Yorkshire considering FRS 105 Micro Entity Accounts are best advised to have their position reviewed against the detailed rules before committing to the framework, particularly if there have been changes in trading levels, group relationships, or the company’s activities during the period.

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

Professionally prepared FRS 105 Micro Entity Accounts start with your underlying financial records — bookkeeping, bank transactions, invoices, expense receipts, payroll information and any asset or liability detail relevant to the period. From there, the accounts are built in line with FRS 105 and the applicable reporting requirements for a micro-entity, including the appropriate primary statements and the disclosures the framework requires. It is important to separate two different obligations that are sometimes confused. Preparing and filing the financial statements is one process; meeting your Corporation Tax obligations, which are dealt with separately through a Company Tax Return (CT600) submitted to HMRC, is another. Similarly, a Confirmation Statement is a separate Companies House filing and is not part of the accounts themselves. Good preparation means your figures are consistent, your accounting policies are applied properly, and the accounts you file reflect your company’s actual position as recorded in its books. We work from the information you provide and prepare accounts based on those records; the accuracy of the underlying information remains central to the quality of the outcome.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts

If your company in W Yorkshire may qualify for the micro-entities regime and you would like support preparing your FRS 105 Micro Entity Accounts, get in touch to talk through your requirements. Tell us about your company — its trading activity, the accounting period in question, how your records are kept, and whether you have filed under FRS 105 before — and we can help you assess whether the regime is likely to be available to you and what would be involved. Whether you are preparing accounts for the first time, switching from another framework, or simply want your figures reviewed and presented properly, a short conversation is usually the quickest way to establish where you stand and what the next step should be.

─── 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 provides a simplified basis for preparing annual financial statements, with a reduced level of disclosure compared to frameworks aimed at larger companies. Where a qualifying company chooses to apply the micro-entities regime, FRS 105 is the standard it follows.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualifying is not the same as being required to use it — the regime is optional. Certain company types are excluded from the regime regardless of size, so eligibility depends on both the size criteria and the specific rules and exclusions that apply to your company.

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: 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 these conditions does not by itself guarantee eligibility, because other rules and exclusions can apply, so the criteria should always be considered alongside your company's specific circumstances.

Is FRS 105 compulsory for micro-entities?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies may choose to apply it and prepare FRS 105 accounts, or it may instead prepare accounts under a different framework such as FRS 102. The choice often comes down to what directors, shareholders, lenders or other users of the accounts expect to see.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company and differ in how much they require you to disclose. FRS 105 is the micro-entity framework and is deliberately simpler and shorter. FRS 102 covers a much broader range of entities and generally calls for more detailed disclosures and more complex accounting treatments. Some companies prefer FRS 102 where a fuller set of information is expected by third parties.

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

FRS 105 accounts form the financial statements a company prepares for its accounting period, and for most companies those accounts are filed at Companies House in the usual way. Filing the accounts is a separate process from submitting a Company Tax Return (CT600) to HMRC, and both obligations can apply. A Confirmation Statement is a further, distinct Companies House filing and is not part of the accounts.

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

Yes. FRS 105 accounts deal with the accounting and financial reporting side — how your company's results and position are presented. A CT600 is the Corporation Tax Return submitted to HMRC to report taxable profits and calculate the tax due. The figures in each overlap, but they are separate documents with separate purposes and separate submission routes.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105, provided it qualifies for the micro-entities regime and chooses to apply it. In the first period there may be limited comparatives to report, and the eligibility tests still need to be considered carefully. It is worth confirming the position early so the first set of accounts is prepared on the right basis from the outset.