─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Twickenham

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime for companies that qualify for it and choose to apply it. In Twickenham, many owners of small, owner-managed limited companies want accounts that are straightforward, accurate and prepared with the company’s specific circumstances in mind — whether that means a simple trading company, a consultant working through a personal service company, or a small family business. FRS 105 provides the reporting framework, but applying it well still involves judgement about what the company’s records show, which disclosures are appropriate and how the figures should be presented. Professional preparation can help ensure your FRS 105 Micro Entity Accounts are built up properly from your bookkeeping and supporting records, that the accounting treatment is consistent from year to year, and that the resulting financial statements are suitable for both Companies House filing and the company’s own records. It also gives you a chance to ask questions about how the figures are arrived at, rather than simply submitting a set of numbers. Because eligibility for the micro-entities regime depends on the company’s size and on other rules and exclusions, the first step is normally a short conversation about your business, your turnover, your balance sheet and your structure, so that the right framework is chosen deliberately rather than assumed.

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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  
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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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 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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 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 Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it sits alongside the micro-entities regime: a company that qualifies as a micro-entity may choose to apply that regime, and when it does, FRS 105 is the accounting framework used to prepare its financial statements. FRS 105 is deliberately lighter than the standards used by larger companies. It is built around the idea that the accounts should give a clear, simple picture of the company’s financial position without the heavier disclosure requirements that apply under other frameworks, and it takes a more straightforward approach to measuring assets and liabilities. For a qualifying company in Twickenham, that can mean shorter, more readable accounts that focus on the essentials: what the company owns and owes, what it has earned, and what the directors have taken out of the business. It is important to be clear about what FRS 105 is not. It is not a tax return, it is not a substitute for good bookkeeping, and it is not a set of rules that every small company can automatically use. It is an available framework for qualifying micro-entities that choose it, and the choice should be made with an understanding of the company’s size, activities and reporting obligations. Where a company does not qualify, or where applying the micro-entities regime would not suit its circumstances, another framework will be the right answer.

Who Can Use FRS 105 in the UK? Eligibility for Twickenham Companies

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it when preparing their financial statements. Qualification is primarily a question of size. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 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 conditions does not, on its own, guarantee that the micro-entities regime is available. Other eligibility rules and exclusions can apply — for example, certain companies are excluded from the regime regardless of their size, and the position can be affected by whether the company is part of a group, what it does and how it is structured. Where a company sits close to a threshold, or where its circumstances are changing, the position should be reviewed for each reporting period rather than assumed to carry forward. For a company in Twickenham, the practical questions are straightforward: does the company qualify as a micro-entity for this period, do the directors want to apply the micro-entities regime, and does doing so fit the way the business needs to report to lenders, investors or anyone else? Working through those points before the accounts are prepared avoids the awkward situation of building a set of FRS 105 Micro Entity Accounts and then discovering a different framework was needed.

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 and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with the company’s own financial records. Bank statements, sales and purchase records, expense documentation, payroll information, asset purchases, loan agreements and director’s loan movements all feed into the figures that appear in the financial statements. From there, the accounts are prepared in line with the reporting requirements that apply to a qualifying micro-entity, with the balance sheet, profit and loss account and any supporting notes assembled so that they present a consistent and understandable position for the period. It is worth separating out the different obligations that sit around a set of accounts. Preparing FRS 105 Micro Entity Accounts is about producing the financial statements themselves. Filing those accounts with Companies House is a separate statutory step that follows the accounts being finalised and, where relevant, approved. Corporation Tax is a different matter again: a CT600 is a tax return submitted to HMRC, calculated from the company’s taxable profits and adjusted for tax rules, and it is not the same document as the accounts. Confirmation Statements are separate once more, dealing with company information rather than financial reporting. Keeping these apart helps avoid the common assumption that filing accounts also settles the company’s tax position. In practice, the value of professional preparation lies in the detail — applying the framework consistently, picking up on items that need attention, and building a set of FRS 105 Micro Entity Accounts that reflects what actually happened in the business rather than what was easiest to enter into a template.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Twickenham

If you run a small limited company and you would like to understand whether FRS 105 Micro Entity Accounts are the right fit, the best next step is a straightforward conversation. Tell us a little about your company — what it does, how it is structured, roughly what it turns over, and what you already have in place for bookkeeping — and we can look at whether the micro-entities regime is likely to be available to you, and whether it suits the way you want to report. Bring along your latest accounts, your bookkeeping records and any notes on significant transactions, and we will work through what is needed to prepare your FRS 105 Micro Entity Accounts and to keep your wider filing obligations in view. Whether you are starting out, changing accountants, or simply want a clearer explanation of the accounts you are filing, we are happy to talk it through with no obligation.

─── 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 micro-entities. It sets out the accounting and disclosure requirements that apply when a qualifying company chooses to use the micro-entities regime to prepare its financial statements. Because it is designed for the smallest companies, it is shorter and simpler than the standards used by larger businesses, focusing on the balance sheet and profit and loss account with limited supporting notes.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualification is based on the company's size against the applicable conditions, and there are also rules and exclusions that can affect whether the regime is available. Companies that are part of a group, or that carry on certain types of activity, may face additional restrictions. The size tests are not the only consideration, so it is worth checking your position rather than assuming.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available regime, not an automatic one. A company that meets the qualifying conditions may choose to apply it and prepare FRS 105 Micro Entity Accounts, but it is not obliged to do so. Some companies prefer a fuller framework because of their size trajectory, their lender or investor expectations, or the way they want their results presented. Choosing the regime is a decision, and it should be taken with your circumstances in mind.

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 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 size conditions is not automatically the end of the matter — other eligibility rules and exclusions can apply, so a company should confirm its position before deciding to prepare FRS 105 Micro Entity Accounts. Different conditions applied to earlier periods, which is why it is important to check the rules for the specific period you are reporting on.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a fuller financial reporting standard used by a wide range of UK companies, including small companies that are not micro-entities, and it comes with more detailed recognition, measurement and disclosure requirements. FRS 105 is the micro-entities standard: it is more streamlined, with simpler measurement rules and much lighter disclosure. In practice, FRS 102 accounts tend to be longer and more detailed, while FRS 105 Micro Entity Accounts are shorter and more focused. The right choice depends on whether the company qualifies for the micro-entities regime and whether the directors want to apply it.

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

Yes. Once the FRS 105 Micro Entity Accounts have been prepared and approved in line with the applicable requirements, they form the basis of the company's annual accounts filing with Companies House, submitted within the statutory deadline for the period. Filing the accounts is a separate action from preparing them, and it is also separate from the company's other filings. Keeping track of each obligation — accounts, Confirmation Statement and Corporation Tax — helps ensure nothing is overlooked.

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

Yes, they are different documents serving different purposes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, dealing with the company's reported financial position and results. A CT600 is a Corporation Tax Return submitted to HMRC, which works from the company's taxable profits and applies tax rules and adjustments. The accounts often provide the starting point for the tax computation, but the figures and the submission are not the same thing, and one does not replace the other.

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

We normally ask for the company's bank statements for the full period, sales and purchase records, details of any assets bought or sold, loan and finance agreements, payroll information if the company employs people, and records of director's loan movements. Your previous year's accounts, if any, are helpful for consistency, along with any correspondence you have received from Companies House or HMRC. The clearer and more complete your records, the more smoothly the accounts can be put together — and if your bookkeeping needs tidying first, that can be dealt with as part of the process.