─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Waltham: Expert Preparation for Qualifying Companies

FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime. If your company meets the eligibility criteria and decides to use this regime, FRS 105 Micro Entity Accounts can offer a simpler and more proportionate way to report your financial position. Professional preparation helps ensure your accounts are put together appropriately for your company’s specific circumstances, using the information from your records and the relevant reporting requirements. We work with companies in Waltham and the surrounding areas to prepare FRS 105 Micro Entity Accounts, so you can meet your filing obligations with confidence. Please note that not every small company automatically qualifies for the micro-entities regime, and eligibility depends on the applicable rules and exclusions.

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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.
  
 
      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 It Means for Micro-Entities in Waltham

FRS 105 is a UK financial reporting standard designed specifically for micro-entities. In simple terms, it sets out how a qualifying company can prepare its financial statements when it chooses to apply the micro-entities regime. The micro-entities regime is an optional accounting framework, so a company that qualifies can decide whether to use it. When that regime is chosen, FRS 105 applies. FRS 105 Micro Entity Accounts typically involve less detail than accounts prepared under other standards, which can make the reporting process more straightforward while still giving a true and fair view of the company’s finances. For a company in Waltham, understanding whether FRS 105 is suitable is an important first step, and we can help you assess your circumstances and prepare the accounts if the regime is right for you.

Who Can Use FRS 105 in the UK? A Guide for Waltham Companies

FRS 105 is intended for 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: 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. However, other eligibility rules and exclusions can apply, so meeting the size thresholds alone does not automatically guarantee eligibility. Companies in Waltham and across the UK should consider their specific circumstances, including their legal form and any sector-specific rules, before deciding whether to use FRS 105 Micro Entity Accounts. We can help you assess whether the micro-entities regime is available and suitable for your company.

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.

Professional Preparation of FRS 105 Micro Entity Accounts in Waltham

FRS 105 Micro Entity Accounts can be prepared based on your company’s financial records and the applicable reporting requirements. We focus on accurate financial reporting and can handle the preparation of your financial statements, then assist with filing them at Companies House where required. It is important to distinguish this from your Corporation Tax obligations: a CT600 return is a separate submission to HMRC and is not the same as your FRS 105 accounts. We do not claim guaranteed compliance, guaranteed acceptance, or regulatory approval. Instead, we work carefully through your information to help ensure your accounts are prepared appropriately for your company’s circumstances and the framework it has chosen to apply.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Waltham

If you would like support with your FRS 105 Micro Entity Accounts, we are here to help. Get in touch to discuss your requirements and provide the information needed to assess your circumstances. We can talk through your company’s position, explain what is involved in preparing FRS 105 accounts, and outline the next steps. Whether you are a new company considering the micro-entities regime or an established business that already uses FRS 105, we can help you move forward with clear, transparent pricing and a straightforward process. Contact us today to start the conversation.

─── 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 that choose to apply the micro-entities regime. It sets out how qualifying companies prepare their financial statements under that regime, typically allowing for simpler and less detailed accounts than other standards.

Who can use FRS 105?

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, but it is not compulsory. A company that qualifies can choose whether to apply it. FRS 105 applies when that regime is chosen; otherwise, the company may use another financial reporting framework such as FRS 102.

What is the difference between FRS 105 and FRS 102?

FRS 105 is specifically designed for micro-entities and generally allows for simpler financial statements with fewer disclosures. FRS 102 is a broader standard used by many other companies, including those that do not qualify for the micro-entities regime or that choose not to apply it. The main differences relate to the level of detail required and the measurement and disclosure rules that apply.

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

Micro-entity accounts prepared under FRS 105 are generally filed with Companies House, subject to the filing requirements that apply to your company. This filing is separate from your Corporation Tax obligations. We can help you prepare the accounts and assist with the Companies House filing process.

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

Yes. FRS 105 accounts are the financial statements prepared under the micro-entities regime and are typically filed with Companies House. A CT600 is a separate Corporation Tax return that is submitted to HMRC. They serve different purposes and have different deadlines and requirements, so both need to be considered.

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. For its first accounting period, it will need to consider the eligibility criteria, including the size conditions and any relevant exclusions. We can help you assess whether FRS 105 is suitable for your new company.

What information is needed to prepare FRS 105 accounts?

To prepare your FRS 105 Micro Entity Accounts, we typically need your financial records, such as income and expense details, bank statements, invoices, and information about your assets and liabilities. We may also need to understand your company's circumstances to confirm eligibility and ensure the accounts are prepared appropriately under the micro-entities regime.