─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Warminster: Clear Financial Reporting for Qualifying Companies

FRS 105 Micro Entity Accounts in Warminster provide the financial reporting framework for companies that qualify as micro-entities and choose to apply the UK micro-entities regime. FRS 105 is not a tax return, and it is not automatic — a company must meet the relevant eligibility conditions and decide to use the regime. Professional preparation can help you present your company’s financial statements appropriately for its circumstances, with the reduced disclosure and simplified reporting that the regime is designed to support. Whether you are already using the micro-entities regime or reviewing your options, we can help you understand what FRS 105 Micro Entity Accounts involve and how they fit alongside your other filing responsibilities.

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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 Regime and Your Financial Statements in Warminster

FRS 105 is the UK financial reporting standard that applies when a qualifying company chooses to use the micro-entities regime. In simple terms, it sets out how a micro-entity prepares its annual financial statements, including the formats and disclosures expected under that framework. It is designed to be more straightforward than the standards used by larger companies, which is why it can be attractive to smaller limited companies in Warminster. The important point is that the micro-entities regime is optional for eligible companies: FRS 105 applies when that regime is chosen, not simply because a company is small. If your company does not qualify, or if you prefer a different reporting framework, other accounting standards may be available. We can explain how FRS 105 Micro Entity Accounts work in practice and what they mean for your company’s reporting.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Warminster Companies

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 will generally need 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 size conditions is an important part of the picture, but it does not automatically guarantee eligibility, because other rules and exclusions can apply. In Warminster, companies considering FRS 105 Micro Entity Accounts should review their own circumstances — including their structure, activities and reporting obligations — before deciding whether the micro-entities regime is appropriate. Professional guidance can help you understand whether FRS 105 may be available and what it would mean for your financial statements.

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 in Warminster

Professionally prepared FRS 105 Micro Entity Accounts in Warminster are based on your company’s financial records and the reporting requirements that apply to it. That usually means starting with accurate bookkeeping, bank records, invoices, receipts and any other supporting information needed to build the financial statements. Preparing the accounts is one step; filing them with Companies House is a separate requirement, and dealing with Corporation Tax — including any CT600 that may be due to HMRC — is separate again. We can help you prepare FRS 105 financial statements, understand the information needed, and keep the accounts and tax compliance work clearly distinguished. We do not promise a particular filing outcome or tax result, but we can help you approach the process in an organised and informed way.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Warminster

To discuss your FRS 105 Micro Entity Accounts in Warminster, get in touch and tell us about your company. Whether you are newly incorporated, already using the micro-entities regime, or unsure whether FRS 105 is suitable, we can review your circumstances and explain the information needed to prepare the accounts. We will help you understand the next steps, what records to gather, and how FRS 105 reporting sits alongside your Companies House filing and Corporation Tax obligations. Contact us 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 companies that qualify as micro-entities and choose to apply the micro-entities regime. It sets out how their annual financial statements should be prepared, including the recognition, measurement and disclosure requirements that apply. It is intended to reduce complexity compared with the standards used by larger entities, while still providing a formal set of accounts for the company's reporting obligations. FRS 105 Micro Entity Accounts are therefore the financial statements prepared under that standard once the regime has been chosen.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to use it. Eligibility is not automatic and depends on the applicable size conditions and other rules or exclusions. For accounting periods beginning on or after 6 April 2025, a company will generally need 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 size conditions alone does not always guarantee eligibility, so the specific circumstances should be checked.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not a compulsory one. If a company qualifies, it can choose whether to apply the regime. FRS 105 applies when that choice is made. A qualifying company may instead use another suitable framework if it is eligible to do so, depending on its circumstances and reporting needs. It is worth reviewing the options before deciding which framework gives the most appropriate presentation for the 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 following 3 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. There are also other eligibility rules and exclusions that can affect whether a company can use the micro-entities regime. Because those rules can depend on the company's structure and activities, the criteria should be checked against the specific company rather than assumed from size alone.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the financial reporting standard for qualifying micro-entities that choose the micro-entities regime. FRS 102 is a broader UK accounting standard used by many other companies, and it generally involves more detailed recognition, measurement and disclosure requirements. FRS 105 is designed to be simpler and more streamlined for eligible micro-entities, but it is not available automatically to every small company. The right framework depends on whether the company qualifies for the micro-entities regime, whether it chooses to use it, and what its reporting obligations require.

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

In most cases, a company must file annual accounts with Companies House unless a specific exemption applies. If the company has prepared FRS 105 Micro Entity Accounts, those are the financial statements that would generally be used for that filing. The filing obligation is separate from Corporation Tax, and the accounts themselves are separate from any CT600 submitted to HMRC. Filing requirements and deadlines depend on the company's circumstances, so it is important to check what applies to your company.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities reporting framework. A CT600 is a Corporation Tax Return submitted to HMRC, and it deals with the company's tax position rather than simply reproducing the accounts. The tax computation may start from figures in the accounts, but tax rules can adjust those figures, so the two are not the same thing. Filing accounts with Companies House does not replace the need to consider Corporation Tax obligations separately.

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. New companies still need to consider the eligibility conditions, including the size criteria and any other rules or exclusions that apply. A first accounting period can raise additional points, such as how the period length affects the assessment, so it is sensible to check the position before preparing the accounts. FRS 105 is not automatic for new companies, but it can be an option worth reviewing.