─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Weymouth

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities in the UK — a framework designed to keep statutory accounts simple, clear and proportionate for the smallest companies. If your business is based in Weymouth and you are weighing up how to prepare and file your annual accounts, understanding whether the micro-entities regime is available to you is usually the first practical question. FRS 105 provides the reporting framework, and it applies when a qualifying company chooses to apply the micro-entities regime rather than a more detailed accounting standard. Professional preparation helps ensure the accounts are built properly from your records, reflect your company’s actual circumstances, and are presented in line with the disclosure requirements that come with that regime. It also helps you avoid the common pitfalls — misjudging eligibility, mixing up accounts with other filings, or presenting figures in a way that does not match the framework being used. Meeting the size conditions alone does not automatically mean a company must, or can, use FRS 105; there are additional rules and exclusions to consider, and the right answer depends on your company’s own position.

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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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 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 
 
 
 
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─── FRS 105 EXPLAINED

FRS 105 Explained: What It Means for Qualifying Micro-Entities

In plain terms, FRS 105 is the UK accounting standard that sets out how qualifying micro-entities prepare their statutory financial statements. It sits within the micro-entities regime, which is a simplified reporting option available to the very smallest companies rather than something that applies to everyone. Choosing the micro-entities regime means you report under a framework that recognises the scale of a micro-entity’s operations: the balance sheet, profit and loss account and limited notes are prepared in a streamlined form, with far fewer disclosures than you would see under a fuller standard such as FRS 102. That simplicity is attractive, but it is a choice with consequences — for example, the framework takes a particular approach to certain items and valuations, and the reduced disclosure means less information appears in the public accounts. It is also worth being clear about what FRS 105 is not. It is the accounting and financial reporting framework used to produce the company’s statutory accounts; it is not a tax return, and it is not a Confirmation Statement. If you run a company in Weymouth and want to know whether this route fits, the sensible starting point is to review your turnover, balance sheet and employee numbers alongside the eligibility rules, then decide whether applying the micro-entities regime is right for you.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualification is assessed against size criteria, and for accounting periods beginning on or after 6 April 2025 a company generally needs 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. Those conditions are the starting point rather than the whole answer. Other eligibility rules and exclusions apply, and some companies are unable to use the regime regardless of their size — so passing the thresholds does not automatically mean FRS 105 is available or appropriate. There is also a difference between being eligible and choosing to apply the regime: a qualifying company may instead prepare accounts under a different standard. For a company in Weymouth, the practical approach is to review the relevant accounting period, check the conditions and exclusions that apply to your circumstances, and then confirm whether applying the micro-entities regime gives you the reporting you need.

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 well starts with good records. Your bookkeeping, bank transactions, invoices, expenses, asset purchases and any amounts owed to or by the company all feed into the figures that appear in the financial statements. From there, the accounts are prepared in line with the framework you have chosen, with the balance sheet, profit and loss account and supporting notes presented appropriately for a micro-entity. Professional support is largely about getting the detail right: making sure the figures agree to your records, that the period covered is correct, that comparatives are consistent, and that the disclosures that do apply under the framework are included. Just as importantly, it means keeping the separate strands of compliance separate. Filing statutory accounts with Companies House is one obligation; submitting a Corporation Tax Return (CT600) to HMRC is another; and sending a Confirmation Statement is a third. They often fall due around the same time, but they are distinct filings with different purposes and different information requirements. We can help you prepare FRS 105 accounts based on the information you provide, and handle the Companies House filing alongside them, while your Corporation Tax position is dealt with as a separate matter. What we cannot do is guarantee a particular filing outcome or treat a set of accounts as automatically compliant — the accounts are prepared on the basis of the information and instructions provided.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Weymouth

If you would like to talk through your FRS 105 Micro Entity Accounts, get in touch and tell us a little about your company — what it does, how it is structured, the accounting period you need covering, and how your records are currently kept. The more we understand about your circumstances, including your turnover, balance sheet position and employee numbers, the easier it is to assess whether the micro-entities regime is available to you and whether it is the right fit. We can explain the process in straightforward language, set out what information we need from you, and give you clear, transparent pricing for preparing your accounts and handling the Companies House filing. Whether you are filing for the first time, changing how your accounts have been prepared, or simply want a second opinion on which framework suits your company, a short conversation is usually the fastest way to get clarity.

─── 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 micro-entities. It sits within the micro-entities regime and sets out how the smallest companies prepare their statutory accounts, including the form and content of the balance sheet, profit and loss account and notes. Because it is a simplified framework, the accounts contain far fewer disclosures than those prepared under a fuller standard such as FRS 102.

Who can use FRS 105?

It is intended for companies that qualify for the micro-entities regime and then choose to apply it. Qualifying is not the same as being required to use it — the regime is an available option, and FRS 105 applies when that option is taken. Companies that do not qualify, or that prefer a different framework, prepare their accounts under another standard.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is a choice. A company that qualifies can decide whether to apply it, and FRS 105 only comes into play when that decision is made. Some qualifying companies prefer a different framework because of how it treats particular items or because of the level of disclosure they want to provide.

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 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 size conditions on its own is not the whole picture — other rules and exclusions can apply, so eligibility should be checked against your company's specific circumstances rather than assumed.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes and levels of complexity. FRS 105 is the micro-entities framework and is deliberately streamlined, with a simplified presentation and limited disclosures. FRS 102 is a fuller standard that applies more detailed recognition, measurement and disclosure requirements. A company's choice typically comes down to whether it qualifies for the micro-entities regime and whether the simplified approach suits its circumstances.

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

Yes — statutory accounts prepared under FRS 105 are filed with Companies House as the company's annual accounts. Preparing the accounts and filing them are two steps in the same process, and the figures filed should reflect the framework used. This is quite separate from your Corporation Tax Return (CT600), which is submitted to HMRC, and from your Confirmation Statement.

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

They are separate filings with different purposes. FRS 105 governs how the statutory financial statements are prepared — the accounting and financial reporting side. A CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable position. The figures in your accounts often form the starting point for the tax computation, but the two documents are not the same thing and neither replaces the other.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping records for the period, bank statements and reconciliations, details of income and expenses, information on fixed assets and any depreciation, and a note of amounts owed to and by the company. Details of any loans, director balances or share capital are also relevant. It helps to have the previous period's accounts to hand so comparatives line up correctly.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use the micro-entities regime in its first accounting period if it meets the applicable conditions, but the size tests look at the relevant period and there can be additional considerations for first-time filers. It is worth checking your position before assuming either way, particularly if you expect turnover or headcount to grow.