─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Wilmslow

If your company qualifies for the UK micro-entities regime and has chosen to apply it, FRS 105 Micro Entity Accounts give you the financial reporting framework you need. FRS 105 is the standard used when a qualifying micro-entity prepares accounts under that regime, and it is designed to keep the financial statements straightforward while still reflecting the company’s financial position and performance. Preparing FRS 105 Micro Entity Accounts properly means working from accurate bookkeeping and understanding which formats and disclosures apply to your circumstances. Professional preparation in Wilmslow can help you produce accounts that are consistent with your records, structured correctly for the regime you have chosen, and ready for the relevant filing requirements — without assuming that every small company qualifies automatically.

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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.
  
 
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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: The Micro-Entities Regime in Plain English

FRS 105 is the UK financial reporting standard written specifically for the micro-entities regime. In simple terms, it gives qualifying companies a simplified way to prepare their annual financial statements, with fewer disclosures and a consistent historical cost approach, rather than the broader accounting options that larger reporting frameworks allow. The micro-entities regime is an available accounting framework, not an automatic one: a company needs to meet the relevant eligibility conditions and then choose to apply the regime. When that choice is made, FRS 105 is the standard used to prepare the accounts. For directors in Wilmslow, the practical benefit is clarity — financial statements that tell the story of the business in a format designed for smaller companies, supported by advice on what needs to be reported and how the figures should be presented.

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

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then 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. Meeting those conditions is a starting point rather than the whole picture. Other eligibility rules and exclusions can apply, some types of entity cannot use the regime, and the conditions are assessed using the relevant rules for your accounting period. That is why eligibility is something to check carefully rather than assume — for a company preparing FRS 105 Micro Entity Accounts in Wilmslow, getting this right at the outset shapes how the accounts are put together.

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 starts with your financial records — the sales, costs, assets, liabilities and share information that make up your year-end position. From there, the accounts are prepared in line with FRS 105 and the requirements of the micro-entities regime, and the directors approve the final financial statements. It is important to keep this separate from your other obligations: filing accounts with Companies House is distinct from submitting a Corporation Tax Return (CT600) to HMRC, and both are separate again from the Confirmation Statement. We can help bring the figures together, prepare the financial statements for your approval and support you with the Companies House filing, while your Corporation Tax position is dealt with on its own terms.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Wilmslow

Every company’s circumstances are different, so the best starting point is a conversation about yours. Tell us about your trading activity, the records you keep and whether you believe the micro-entities regime applies to your company, and we can help you assess your position before any accounts are prepared. If you are already confident that your FRS 105 Micro Entity Accounts need to be prepared, we can explain what information we need from you, how eligibility is reviewed and how the process works from there — with clear, transparent pricing and no surprises along the way.

─── 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 the micro-entities regime. It sets out how a qualifying micro-entity prepares its annual financial statements, and it is deliberately simpler than the frameworks used by larger companies. The approach is based on historical cost, with fewer disclosure requirements, so the accounts focus on the essentials: what the company owns, what it owes, and the profit or loss for the period. FRS 105 applies when a company has chosen to use the micro-entities regime.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualification depends on meeting the relevant size conditions and on the specific rules and exclusions that apply to your company and accounting period. Some entity types cannot use the regime at all, and certain companies are excluded regardless of size. It is worth checking your position rather than assuming, particularly if your turnover, balance sheet or employee numbers sit close to the limits.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not a mandatory one. A company that qualifies for the regime may choose to apply it, in which case FRS 105 is the standard used, or it may instead prepare accounts under a larger framework such as FRS 102. The choice is usually made with an eye on the level of disclosure the directors are comfortable with and how the accounts will be used. Whatever is chosen should be applied consistently.

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 the three is a starting point rather than a complete answer — other rules and exclusions can affect whether the regime is available, so eligibility should always be assessed against your own circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard: it is more prescriptive, keeps to historical cost and requires fewer disclosures. FRS 102, including the small entities provisions, offers more accounting options — for example around revaluation, fair value and certain deferred tax matters — but comes with more detailed disclosure requirements. In short, FRS 105 is simpler; FRS 102 is broader but more involved.

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

If a company prepares FRS 105 Micro Entity Accounts, those financial statements are generally the ones filed at Companies House for that financial year, subject to the applicable filing requirements and any exemptions that apply to the company. The accounts are approved and signed by the directors before filing. Filing accounts is a separate obligation from submitting a Corporation Tax Return to HMRC and from filing a Confirmation Statement, and each has its own requirements.

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

Yes, they are two distinct things. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report taxable profits and calculate the tax due. The accounts normally provide the starting point for the tax computation, but preparing and filing the accounts does not in itself satisfy your Corporation Tax obligations.

What information is needed to prepare FRS 105 accounts?

Typically we would ask for your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, expense receipts, payroll details, details of any assets bought or sold, loan and finance agreements, director's loan account movements, share capital information, and a copy of the previous year's accounts where available. Having these ready makes the preparation of your FRS 105 Micro Entity Accounts quicker and helps ensure the figures reflect what actually happened in the business.