─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Westerham

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework designed for qualifying UK companies that choose to apply the micro-entities regime. If your company is based in Westerham and meets the relevant size conditions and other eligibility rules, FRS 105 can offer a simpler, more streamlined way to present your financial statements. Professional preparation helps ensure your accounts are built accurately from your underlying records, reflect your company’s individual circumstances, and are presented in a form that is appropriate for a micro-entity filing rather than a larger company framework. It also helps separate the accounts themselves from other obligations you may have, such as a Corporation Tax Return (CT600) submitted to HMRC, so nothing is overlooked or confused along the way.

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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.
  
 
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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
  
 
      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.
  
 
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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.
  
 
      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

What Is FRS 105? The Micro-Entities Regime Explained

FRS 105 is the UK financial reporting standard that sets out how qualifying micro-entities prepare their accounts when they choose to apply the micro-entities regime. In simple terms, it is a simplified accounting framework: it allows smaller companies to produce shorter, less detailed financial statements than would be required under a fuller framework such as FRS 102. The regime is an option, not an automatic entitlement — a company must first qualify as a micro-entity under the applicable size criteria and other rules, and then it may choose to use the regime. When that choice is made, FRS 105 is the standard that applies to the preparation of those accounts. For a Westerham-based limited company, this can mean financial statements that are easier to read, quicker to prepare and more proportionate to the scale of the business, while still giving a true picture of the company’s position for the people who rely on those accounts.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Eligibility is not decided by location alone, so a company registered in Westerham is assessed on the same basis as one anywhere else in the UK. 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. Those figures are a starting point rather than the whole picture. Certain companies are excluded from the regime altogether, and specific rules can affect how the conditions are measured and which periods are taken into account — particularly for newly incorporated companies or where a company’s activity has changed significantly. Meeting the size thresholds, on its own, does not automatically guarantee that a company qualifies, and qualifying does not compel a company to use the regime. It is a choice, and it is worth confirming the position for your own circumstances before the accounts are prepared.

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 properly means working from your company’s actual financial records — bookkeeping, bank transactions, invoices, expenses, asset information and any other supporting detail — and applying the recognition, measurement and disclosure requirements that go with the micro-entities regime. The aim is straightforward: financial statements that are accurate, internally consistent and appropriate for a qualifying micro-entity. It is worth keeping the different filing obligations clearly separated in your mind. The accounts are prepared under the chosen accounting framework and, where required, delivered to Companies House. A Corporation Tax Return (CT600) is a separate submission made to HMRC, and a Confirmation Statement is a further, distinct Companies House filing — none of these replaces another. Because eligibility rules and exclusions can affect whether the micro-entities regime is available to you, it is sensible to have your circumstances reviewed before the accounts are finalised.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts

If your Westerham company may qualify for the micro-entities regime, or you simply want to understand whether FRS 105 is the right framework for your next set of accounts, the next step is a conversation. Tell us about your company — its size, the nature of its income and expenditure, how your records are kept and what you need the accounts to achieve. With that information, your circumstances can be assessed properly and your FRS 105 Micro Entity Accounts requirements can be discussed in clear, practical terms, alongside clear, transparent pricing and fixed-fee options where these suit your situation.

─── 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 when a qualifying micro-entity chooses to use the micro-entities regime. It is a simplified framework, allowing shorter financial statements with reduced disclosure compared with fuller standards such as FRS 102. It is not a tax regime — it governs how the accounts are prepared, not how much tax a company pays.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under the applicable size criteria and other rules, and that choose to apply the micro-entities regime. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 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 guarantee eligibility, because other rules and exclusions can apply.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an automatic requirement. A company that qualifies may still choose to prepare its accounts under a fuller framework such as FRS 102 instead. The right choice depends on the company's circumstances, including who uses the accounts and what level of disclosure is helpful or required.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they differ in scale and complexity. FRS 105 is the micro-entities standard: it permits a more condensed set of financial statements with fewer disclosures. FRS 102 is a fuller framework used by a much wider range of companies, and it generally involves more detailed accounting treatments and additional disclosure. Choosing between them depends on eligibility and on which framework suits the company's reporting needs.

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

Where a company is required to file accounts, those accounts are delivered to Companies House under whichever framework has been adopted — including FRS 105 where the company qualifies and has chosen the micro-entities regime. Filing accounts with Companies House is separate from your Corporation Tax obligations, and it is also separate from filing a Confirmation Statement, which is a different Companies House requirement.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the chosen accounting framework. A CT600 is a separate Corporation Tax Return submitted to HMRC. The two are connected — the accounts typically provide the starting point for the tax computation — but they are distinct documents with distinct purposes, prepared for different recipients, and neither one substitutes for the other.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies as a micro-entity and chooses the micro-entities regime. However, size conditions are normally assessed by reference to the relevant periods, and a company's first period can raise practical questions about how those conditions apply. Other eligibility rules and exclusions may also be relevant, so it is worth checking the position before assuming FRS 105 is available.

What information is needed to prepare FRS 105 accounts?

In practice, the accounts are built from your company's records: bookkeeping or accounting data, bank statements and reconciliations, sales invoices and purchase records, expense and payroll information, details of assets and liabilities, loan or hire purchase agreements, and the prior year's figures where relevant. Directors' details and the company's registered information are also useful. The cleaner and more complete the records, the more straightforward the preparation tends to be.