─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in West Chiltington

FRS 105 Micro Entity Accounts in West Chiltington are prepared under the financial reporting framework that applies to qualifying companies choosing the UK micro-entities regime. FRS 105 is the standard used when that choice is made, and it produces simpler financial statements with far less disclosure than the frameworks used by larger companies. Eligibility is not automatic: a company needs to meet the relevant size conditions and must not fall within any of the applicable exclusions, so the position should always be checked for the specific accounting period in question. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are built properly from your financial records and shaped around your company’s actual circumstances, rather than being squeezed into a template that does not quite fit.

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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.
  
 
      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 the Micro-Entities Regime Means for Your Company

In straightforward terms, FRS 105 is the UK accounting standard written specifically for micro-entities — the smallest companies that qualify for the micro-entities regime. A qualifying company can choose to apply that regime, and where it does, FRS 105 sets out how the financial statements should be prepared and what information needs to be disclosed. The outcome is a leaner set of accounts, usually centred on a balance sheet and supporting notes, with much less detail than a full set of small company accounts. The regime is a genuine option rather than something that happens by default, and it only becomes relevant where the company qualifies and decides to use it. For many directors in West Chiltington, that simplicity is the appeal: the reporting stays proportionate while still presenting the company’s financial position clearly.

Who Can Use FRS 105 in the UK?

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 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 conditions is a starting point rather than a guarantee of eligibility, because other rules and exclusions can apply — for example, certain types of company and companies within particular groups may be unable to use the regime. Eligibility is normally assessed period by period, so directors in West Chiltington should have the position confirmed for each set of FRS 105 Micro Entity Accounts before deciding how to prepare them.

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

Preparing FRS 105 Micro Entity Accounts well means starting from accurate records — bookkeeping, bank statements, sales and purchase detail, payroll information and supporting documents — and then applying the reporting requirements that apply to your company. Our role is to prepare the financial statements from that information and to help you understand how the figures are arrived at, so the accounts genuinely reflect what has happened in the business. It is worth remembering that the accounts themselves and the filing of those accounts at Companies House sit separately from your Corporation Tax obligations, which are reported to HMRC through a CT600. We handle those strands as distinct pieces of work and explain clearly what each one involves, without overstating what any filing process can guarantee.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in West Chiltington

If you are weighing up whether the micro-entities regime suits your company, or you simply want your FRS 105 Micro Entity Accounts prepared accurately and on time, get in touch. Tell us about your business, your accounting period, how you currently keep records and what you already file, and we will use that information to assess your circumstances and explain the options open to you. We can talk through how FRS 105 works, what it means for your reporting, and how the accounts, Companies House filing and Corporation Tax responsibilities fit together. No pressure and no jargon — just a clear conversation about where you stand.

─── 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 applies to companies that qualify for the micro-entities regime under company law and that choose to apply it. Because it is designed for the smallest businesses, it allows a much shorter set of financial statements with significantly reduced disclosure compared with the standards used by larger companies, and it also limits some of the measurement options available. In practice, a set of FRS 105 Micro Entity Accounts typically revolves around a balance sheet and the notes required to support it.

Who can use FRS 105 in the UK?

FRS 105 is available to companies that are eligible for the micro-entities regime and that decide to apply it. Eligibility depends on meeting the relevant size conditions and on not falling within any of the exclusions in the rules, and it is assessed for the accounting period concerned rather than assumed. A company that qualifies is not obliged to use the regime — it may instead prepare accounts under a fuller framework. Because individual circumstances vary, it is always worth confirming the position before preparing accounts on a micro-entity basis.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying for the micro-entities regime and applying it are two different things. A company that meets the eligibility conditions can choose to use the micro-entities regime, and FRS 105 applies when that choice is made. Some qualifying companies prefer a fuller reporting framework because of how they are structured, who relies on their accounts or how they plan to grow. The decision is normally taken with the directors, and it can be revisited for later accounting periods if circumstances change.

What are the current micro-entity size 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 during the period. Meeting the size conditions is not necessarily the end of the story, because other eligibility rules and exclusions can also apply. The criteria are applied to the relevant accounting period, so it is worth checking each year rather than relying on an old assessment.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the broader UK standard used by many small and medium-sized companies, and its Section 1A covers small entities preparing accounts under the small companies regime. FRS 105 is shorter and more restricted: it offers fewer accounting policy choices, does not allow certain measurement approaches such as revaluation or fair value accounting, and requires far less disclosure. FRS 102 therefore gives a more detailed picture, while FRS 105 prioritises simplicity. The right fit depends on eligibility and on what the company wants from its accounts.

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

Yes. Companies are required to file annual accounts at Companies House, and where a company prepares FRS 105 Micro Entity Accounts those are the accounts that get filed. Micro-entity accounts are usually much shorter than the full internal records, and there are limited exemptions that mean certain elements do not have to appear in the filed version. Filing the accounts is separate from filing a Confirmation Statement, which is a different submission altogether. We can prepare the accounts and handle the filing while explaining what each submission covers.

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

It is. FRS 105 relates to how the accounts are prepared and reported, while the CT600 is the Corporation Tax return submitted to HMRC, supported by a tax computation that starts from the accounts figures and then adjusts for tax rules. The two documents serve different purposes and go to different bodies, although they should tell a consistent story. Preparing FRS 105 Micro Entity Accounts does not, by itself, settle your Corporation Tax position, so both areas need attention.

What information do you need to prepare FRS 105 Micro Entity Accounts?

We normally ask for your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, payroll details, and records of assets, liabilities, loans and any stock. Copies of the previous year's accounts and any relevant correspondence are useful too, along with context on anything unusual such as a new loan, a significant purchase or a change in what the company does. The better the information, the smoother the process — and if your records need tidying first, that can be part of the conversation.