─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Woldingham

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK micro-entities which choose to use the micro-entities regime. In Woldingham, many small owner-managed companies want accounts that are simple, clear and proportionate to the size of the business, and FRS 105 is often the framework they look at first. Professional preparation helps make sure the accounts reflect your actual financial records and are put together in line with the framework you have chosen, including the disclosures FRS 105 requires and the presentation Companies House expects. It is worth being clear from the outset that applying the micro-entities regime is a choice, and it is only available where a company meets the relevant eligibility conditions and is not excluded by other rules. A good adviser will look at your circumstances, confirm whether FRS 105 is appropriate, and then build the accounts around your bookkeeping, rather than assuming every small company fits the same mould.

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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 
 
 
 
 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: The Micro-Entities Regime in Simple Terms

FRS 105 is the UK financial reporting standard that sits inside the micro-entities regime — a simplified accounting framework created for the smallest companies. If your company qualifies for the micro-entities regime and you decide to apply it, FRS 105 is the standard you use to prepare your annual financial statements, which typically means a straightforward balance sheet, a small number of notes, and a simpler approach to measuring assets and liabilities than larger companies adopt. The idea is proportionality: instead of layering on the reporting complexity designed for bigger businesses, FRS 105 lets a qualifying company present a concise set of accounts that still gives a true and fair view in the way the framework intends. What FRS 105 is not is a tax return, a filing shortcut or an automatic entitlement. Qualifying for the regime is one thing; choosing to apply it is another; and a company can also decide to use a fuller framework such as FRS 102 instead. Understanding which route suits your business — and what it means for your figures, your notes and your filings — is where FRS 105 Micro Entity Accounts advice in Woldingham tends to start.

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 decide to apply it to their annual accounts. Eligibility is based on size, 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. That is the starting point rather than the whole story. The regime also carries its own rules and exclusions, and some entities — including certain charities and companies in specific circumstances — cannot use it even where their figures look small. Meeting two of the three size conditions does not, on its own, guarantee that a company qualifies, and qualifying does not oblige a company to adopt FRS 105; it remains a choice. For businesses in Woldingham weighing up their options, the sensible approach is to review the company’s turnover, balance sheet position and headcount across the relevant period, check for any exclusions, and then decide whether FRS 105 Micro Entity Accounts or a fuller framework such as FRS 102 better suits how the business is run and what its stakeholders 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 properly starts with your financial records — bookkeeping, bank and ledger information, sales and purchase detail, payroll data where relevant, and supporting documents for anything unusual during the period. From those records we prepare financial statements in the format the micro-entities regime expects, applying the measurement and disclosure requirements of FRS 105 and keeping the presentation consistent with what has been filed previously. It is important to separate the different pieces of the picture: the preparation and filing of the company’s accounts with Companies House is a distinct exercise from the company’s Corporation Tax obligations, which are handled through a separate Corporation Tax Return (CT600) submitted to HMRC. Likewise, a Confirmation Statement is a separate filing again and does not replace annual accounts. We can help you with the accounts side, coordinate with the tax position where that is useful, and explain what each document is for so you are never guessing which form does what. What we do not do is claim that any filing is guaranteed to be accepted or approved by any authority — the accounts are prepared carefully on the basis of the information you provide and the framework that applies to your company.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Woldingham

If you would like your FRS 105 Micro Entity Accounts handled by someone who works with the micro-entities regime regularly, get in touch and tell us a little about your company. Useful starting points include your latest set of accounts, your bookkeeping or accounting records for the period, details of any significant transactions or changes in the business, and confirmation of whether you have already decided to apply the micro-entities regime or would like help weighing that up. We will review your circumstances, explain your options in plain English, and set out clear, transparent pricing for the work involved. Nothing is agreed until you are comfortable with the scope and the approach, and there is no obligation to proceed after an initial conversation.

─── 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 is deliberately simplified: companies reporting under it prepare a concise balance sheet, a limited set of notes and a profit and loss account that is not filed at Companies House, using measurement rules designed for the smallest businesses rather than the fuller requirements of standards like FRS 102.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and choose to apply it. Qualifying is not automatic — a company needs to meet the size conditions that apply to its accounting period and must not fall foul of any of the exclusions in the rules. Charities and certain other entities are outside the regime, and there are additional restrictions for companies that are part of a group or that carry on particular activities.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available framework, not a mandatory one. A company that qualifies can choose to apply FRS 105, or it can decide to prepare its accounts under a fuller standard such as FRS 102. The choice often comes down to what the business needs — for example, whether lenders, investors or group companies want more detailed reporting.

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 two of those conditions does not by itself guarantee eligibility, because other rules and exclusions can still apply, so it is worth checking your specific circumstances before deciding.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard, with simpler measurement and much shorter disclosure requirements. FRS 102 is the standard for small and larger entities and asks for more detail — additional notes, more recognition and measurement options, and generally more work to prepare. Choosing between them affects the content of your accounts, not your tax filing.

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

Yes. Where a company prepares its annual accounts under FRS 105, those accounts form part of the company's statutory annual accounts and still need to be filed at Companies House. Micro-entity accounts are filed in the reduced format the regime allows, and Companies House does not have to approve the figures — it registers the filing, while responsibility for the content rests with the company and whoever prepares the accounts.

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

Yes, they are two different things. The accounts are the financial statements prepared under FRS 105 and filed at Companies House. The CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the corporation tax due. The accounts often provide the starting point for the tax computation, but the filing itself is separate and is made to a different authority.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 for its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. In practice, many start-ups sit comfortably within the size conditions, but eligibility still depends on the rules and exclusions that apply to the company. It is a good idea to confirm the position early, because it shapes the format of your very first set of accounts.