─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Woking

FRS 105 Micro Entity Accounts give qualifying companies a simpler, more proportionate way to prepare and present their annual financial statements. FRS 105 is the financial reporting standard that applies when a company qualifies for the UK micro-entities regime and chooses to adopt it, and it sits within a wider set of filing obligations that includes annual accounts for Companies House and, separately, a Corporation Tax Return (CT600) for HMRC. For directors of small companies across Woking and the surrounding Surrey area, professional preparation helps ensure the accounts are put together appropriately for the company’s own circumstances — its activities, transactions, records and reporting requirements — rather than assuming one size fits all. Not every small company qualifies for the micro-entities regime, and eligibility depends on the relevant size conditions and any applicable rules or exclusions, so it is worth reviewing your position before deciding how to prepare your accounts. Get in touch to discuss whether FRS 105 Micro Entity Accounts are the right fit for your company.

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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: What the Micro-Entities Regime Means in Practice

In simple terms, FRS 105 is the accounting standard that UK companies use when they qualify as micro-entities and choose to apply the micro-entities regime. It is designed to keep financial reporting straightforward: the financial statements are prepared on a historical cost basis, and the disclosure requirements are much lighter than those under a fuller reporting framework. The purpose is to give the owners, directors and readers of the accounts a clear, honest picture of the company’s financial position without layers of detail that a very small business is unlikely to need. Two points are worth being precise about. First, the micro-entities regime is an available regime, not an automatic one — a company has to meet the applicable size conditions and any other relevant rules before it can use it, and some companies are excluded. Second, FRS 105 only comes into play once that regime has been chosen; a company that qualifies but prefers a different framework can report under another standard. Where FRS 105 applies, it governs how the accounts are drawn up, while separate obligations — such as filing accounts with Companies House and submitting a CT600 to HMRC — continue to apply in their own right. For directors in Woking running a genuinely small company, understanding this distinction is often the difference between a smooth reporting cycle and an avoidable headache.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for UK companies that qualify for the 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 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. Those figures give a useful indication of where the line sits, but they are only part of the assessment. Meeting the size conditions does not automatically mean a company is eligible, because other eligibility rules apply and certain companies are excluded from the regime altogether — for example, where the company’s structure or activities fall outside what the regime allows. The regime is also optional: a qualifying company is not obliged to use it, and may instead report under a fuller framework. For directors in Woking, the practical approach is to review turnover, balance sheet total and employee numbers alongside the company’s specific circumstances, then decide whether FRS 105 Micro Entity Accounts are appropriate for the period in question. If you are unsure where you stand, a short review of your position can save time later in the reporting cycle.

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 for Woking Companies

Preparing FRS 105 Micro Entity Accounts properly starts with good records. We work from your company’s bookkeeping, bank transactions, invoices, payroll information and asset details to build a set of financial statements that reflects what actually happened in the period, prepared in line with the micro-entities reporting requirements where they apply to your company. The work typically covers the statement of financial position, the notes required under the framework, and a clear set of figures that you, your bank or your other advisers can read and rely on. It is important to keep the different obligations separate in your mind: preparing FRS 105 financial statements is one exercise, filing the accounts with Companies House is another, and a Corporation Tax Return (CT600) submitted to HMRC is a distinct filing with its own rules, computations and deadlines. We can help you understand which pieces you need, how they fit together, and what information is required from you. We describe our services accurately — we prepare accounts based on the information and records you provide and the reporting framework that applies to your company; we do not promise guaranteed acceptance by any authority or a particular filing outcome, because those depend on your circumstances and on the relevant rules. What we do offer is careful, considered work and clear, transparent pricing so there are no surprises.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Woking

If you run a small company in Woking and you are weighing up how to prepare your annual accounts, the sensible first step is a straightforward conversation. Tell us about your company — what it does, how it is structured, when your accounting period ends, and whether you believe it may qualify for the micro-entities regime — and share the records you hold, such as your bookkeeping, bank statements, sales and purchase information, payroll details and any asset or loan records. From there we can assess your circumstances, explain whether FRS 105 Micro Entity Accounts look appropriate for your company, set out what is involved, and let you know what we need from you and when. If a different reporting framework suits you better, we will say so. Fixed-fee options and clear, transparent pricing are available, and you will always know where you stand before any work begins. Reach out to discuss your FRS 105 Micro Entity Accounts requirements today.

─── 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 to companies using the micro-entities regime. It sets out how the annual financial statements should be prepared and what information needs to be disclosed. Compared with fuller reporting frameworks, it is deliberately lean: accounts are prepared on a historical cost basis and the disclosure requirements are reduced, which suits very small companies that want clear, proportionate reporting without unnecessary technical complexity.

Who can use FRS 105?

FRS 105 is available to 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. Meeting those size conditions is not the whole story — other eligibility rules and exclusions can apply, and certain types of company are not able to use the regime. Qualifying for the regime does not compel you to use it either; it remains a choice.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework rather than a mandatory one. If your company qualifies, you can choose to apply it and therefore report under FRS 105, or you can report under a different framework such as FRS 102. The right answer depends on your circumstances — for example, whether lenders, investors or group arrangements need a particular level of disclosure. It is worth reviewing the options before your year end rather than after.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting frameworks, but they are aimed at different sizes and needs of company. FRS 105 is the micro-entities standard: it is the most streamlined option, using a historical cost basis with limited disclosures. FRS 102 is a fuller framework used by a much wider range of companies, and it allows or requires more accounting treatments and far more disclosure. In practice, the difference shows up in the amount of detail in the accounts, the accounting policies applied, and the level of work involved in preparation.

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

Yes — where a company is required to file annual accounts, those accounts must be delivered to Companies House, and if they are prepared under FRS 105 they are filed in that form. Filing the accounts is a separate obligation from preparing them, and it is also separate from your Corporation Tax position. It is worth noting that the way accounts are filed has been changing, with moves towards filing more financial information digitally, so it is sensible to check the current requirements that apply to your company and your accounting period.

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

Yes, they are two distinct exercises. FRS 105 governs the accounting and financial reporting framework used to prepare your company's financial statements. A CT600 is the Corporation Tax Return submitted to HMRC, which deals with how much tax the company owes and is based on tax rules rather than accounting standards. The figures in your accounts usually provide the starting point for the tax computation, but the two are not the same document and they are filed with different bodies.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Size conditions are generally tested against the company's figures for the period in question, subject to the specific rules that apply to new companies, so a first set of accounts is often straightforward in reporting terms. It is still worth confirming the position properly, because the size tests, the applicable rules and any exclusions need to be considered in the round rather than assumed.

What information is needed to prepare FRS 105 Micro Entity Accounts?

The starting point is a complete record of the company's transactions for the period: bookkeeping or accounting records, bank and credit card statements, sales invoices and purchase invoices or receipts, payroll information if you employ staff, details of any loans, hire purchase or lease agreements, and information about assets such as equipment, vehicles or property. It also helps to know your company's registration details, share capital, and any relevant correspondence or decisions affecting the accounts. The cleaner and more complete the records, the more efficiently the accounts can be prepared.