─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Wickham

FRS 105 Micro Entity Accounts are prepared under the UK micro-entities regime for companies that qualify and choose to apply it. In Wickham, we help directors understand whether the regime is available to their company and prepare FRS 105 financial statements that reflect the company’s circumstances, transactions and accounting records. This includes considering the applicable eligibility conditions, the disclosures required under FRS 105, and how the accounts fit alongside the company’s other filing obligations. Professional preparation can help ensure the accounts are approached consistently, accurately and in line with the framework chosen, rather than assuming that every small company automatically qualifies or that one set of accounts suits every business.

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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 for Wickham Micro-Entities

FRS 105 is the financial reporting standard used in the UK for qualifying companies that apply the micro-entities regime. In simple terms, it allows eligible micro-entities to prepare simpler financial statements than those required under larger-company frameworks, with reduced disclosure and a focus on the information that matters for a small company. Companies that qualify can choose whether to apply the micro-entities regime; FRS 105 applies when that choice is made. For directors in Wickham, the key point is that FRS 105 Micro Entity Accounts still need to be prepared properly from the company’s records and should present its financial position and performance in accordance with the chosen framework. It is not the same as a Corporation Tax Return (CT600), which is a separate filing to HMRC.

Who Can Use FRS 105 in the UK?

Who can use FRS 105 in the UK depends on whether a company qualifies for the micro-entities regime and chooses 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. This is a starting point rather than a complete answer: other eligibility rules and exclusions can apply, and meeting the size thresholds alone does not guarantee that FRS 105 is available or suitable. FRS 105 Micro Entity Accounts in Wickham are therefore prepared only after eligibility and circumstances are considered, including the company’s period, activities and reporting obligations.

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 Wickham

Professionally prepared FRS 105 Micro Entity Accounts are built from the company’s bookkeeping, records and supporting information, then reviewed against the applicable reporting requirements for the micro-entities regime. In Wickham, this can include preparing the financial statements, helping directors understand the figures, and supporting the separate Companies House filing process where accounts are due. Corporation Tax obligations are distinct: a CT600 is submitted to HMRC and is not the same as FRS 105 accounts. We do not claim that Companies House or HMRC approves, endorses or reviews accounts as part of this service; instead, the focus is on careful preparation and accurate reporting based on the information provided. Clear, transparent pricing and fixed-fee options may be available depending on the scope of work.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Wickham

If you need support with FRS 105 Micro Entity Accounts in Wickham, the next step is a conversation about your company’s circumstances. We can discuss whether the micro-entities regime may be relevant, what information is needed to prepare or review the accounts, and how your financial statements and other filings fit together. To assess your requirements, it helps to have details such as your company’s accounting period, recent records, trial balance or bookkeeping, and any previous accounts. Contact us to discuss your FRS 105 Micro Entity Accounts requirements and provide the information needed to assess your circumstances.

─── 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 qualifying companies that choose to apply the micro-entities regime. It sets out how micro-entity financial statements should be prepared, with a simplified approach and reduced disclosures compared with larger reporting frameworks. FRS 105 Micro Entity Accounts are therefore a set of accounts prepared under that standard, rather than a separate tax return or a Companies House confirmation statement.

Who can use FRS 105?

FRS 105 can be used by 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can apply, so meeting the size thresholds alone does not automatically mean FRS 105 is available or appropriate. A newly incorporated company may be able to use FRS 105, but only if it qualifies and chooses the regime. Earlier accounting periods may follow different thresholds, so the period in question matters.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, not an automatic requirement for every small company. A company that qualifies may be able to choose between the micro-entities regime and another applicable framework, depending on its circumstances and any restrictions that apply. FRS 105 applies when the micro-entities regime is chosen. Directors should consider the company’s eligibility, filing requirements and the needs of anyone who uses the accounts before deciding.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entities standard, while FRS 102 is the broader UK GAAP framework used by many other companies, including small companies that do not apply the micro-entities regime. FRS 105 generally allows simpler financial statements and fewer disclosures. FRS 102 may require more detailed accounting and disclosure, depending on the company and the section of FRS 102 applied. The right framework depends on eligibility, choice and the company’s circumstances.

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

Where a company is required to file annual accounts with Companies House, those accounts may be prepared under FRS 105 if the company qualifies for and chooses the micro-entities regime. The filing obligation itself comes from company law and depends on the company’s circumstances. FRS 105 accounts are separate from a CT600 Corporation Tax Return, which is submitted to HMRC. Filing accounts with Companies House and filing a tax return are distinct processes.

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 to report the company’s taxable profits and tax position. The figures in the accounts often inform the tax return, but they are not the same document, and they are filed with different bodies for different purposes.

What information is needed to prepare FRS 105 accounts?

To prepare FRS 105 Micro Entity Accounts, an accountant typically needs the company’s accounting records and supporting documents for the period. This can include bookkeeping or a trial balance, bank statements, sales and purchase records, payroll information, details of assets and liabilities, loan agreements, and previous accounts if available. The exact information depends on the company’s activities. Providing complete records helps the accounts be prepared accurately and efficiently.

What changes are coming to micro-entity accounts filing?

UK company filing requirements are changing over time, including a move towards software filing for accounts and additional information requirements for some companies. The exact position depends on the type of accounts, the filing method and the company’s circumstances, and commencement dates can vary. Because FRS 105 Micro Entity Accounts sit within this wider filing environment, it is wise to check current Companies House guidance or take advice before your next filing. We can help you understand what the changes may mean for your company.