─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Workington

FRS 105 Micro Entity Accounts in Workington are prepared under the financial reporting framework designed for companies that qualify for, and choose to apply, the UK micro-entities regime. FRS 105 is the standard that applies when a qualifying company adopts that regime, and it produces a simpler, more compact set of financial statements than the frameworks used by larger companies. Professional preparation helps ensure the accounts reflect your company’s own financial records and circumstances rather than being built on assumptions or generic templates. Whether you are filing for the first time or reviewing how your accounts are currently prepared, we work through the figures with you so the accounts are consistent with the information in your books and records. Eligibility is not automatic, so we look at your turnover, balance sheet total and employee numbers against the applicable conditions, and consider any rules or exclusions that may affect your position, before confirming the right approach for your company.

🔥 SAVE £100.00

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.
  
 
      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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the financial reporting standard that sits behind the UK’s micro-entities regime. In straightforward terms, it allows qualifying companies to prepare simpler financial statements, with fewer disclosures and less complex measurement requirements than the frameworks used by larger businesses. The regime is a choice rather than a default: a company that meets the size conditions can decide whether to apply the micro-entities regime, and FRS 105 applies when that regime is used. If the regime is not adopted, the company would generally report under a different framework, most commonly FRS 102. FRS 105 financial statements still contain the core information a reader expects — a balance sheet, a profit and loss account and supporting notes — but on a more compact basis. For directors in Workington, the practical benefit is a clearer, leaner set of accounts that fits the size and shape of a small company without unnecessary complexity.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Eligibility is not simply a matter of being small — it depends on the applicable size conditions and on the rules and exclusions that can affect certain companies. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of these 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. Meeting those conditions is the starting point rather than the whole answer, because other requirements and exclusions can determine whether the regime is actually available. Some companies are excluded from the micro-entities regime regardless of their size. If your company is based in Workington and you think FRS 105 Micro Entity Accounts may suit you, the sensible first step is to check your position against the criteria and any exclusions that may apply before deciding how to prepare your accounts.

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 Built on Accurate Records

FRS 105 Micro Entity Accounts need to be built from accurate records. We prepare the financial statements from the information you provide — typically your bookkeeping, bank records, sales and purchase records, and details of assets and liabilities — and set them out in line with the reporting framework that applies to your company. Preparing the accounts and submitting them to Companies House is one part of your obligations; Corporation Tax is separate, and a CT600 is submitted to HMRC rather than Companies House. A Confirmation Statement is separate again, confirming company details rather than financial results. Keeping those workstreams clear helps avoid confusion about what has been filed and where. No accountant can guarantee that a set of accounts will be accepted without question or that a filing position will always be agreed, but we aim for accounts that are properly prepared, internally consistent, and supported by the underlying records.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Workington

If you need FRS 105 Micro Entity Accounts in Workington, get in touch and tell us about your company. It helps to have an idea of your turnover, balance sheet total and average employee numbers, along with your year end date, so we can assess whether the micro-entities regime may be available to you. From there, we can discuss what records you already hold, what else may be needed, and how the accounts fit alongside your other filing responsibilities. Whether you are newly incorporated or looking for a more straightforward approach to your annual accounts, we are happy to talk through your circumstances and answer your questions before you decide how to proceed.

─── 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 when a qualifying company uses the micro-entities regime. It sets out how the financial statements are prepared — the statements and disclosures required, and the measurement rules to follow. It is deliberately simpler than the standards used by larger companies, which is why it appeals to very small limited companies that want a compact, readable set of accounts.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. Qualification depends on the applicable size conditions plus the relevant rules and exclusions, and some companies are excluded from the regime regardless of their size. Qualifying does not oblige a company to use FRS 105 — it is a choice, and the figures still need to be prepared correctly whichever framework is adopted.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies can choose to apply it, and FRS 105 applies when that choice is made. If the regime is not adopted, the accounts are generally prepared under FRS 102 instead, which involves more disclosures and more accounting policy decisions.

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 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. Other rules and exclusions apply on top of these size conditions, so meeting the thresholds alone does not automatically mean the micro-entities regime is available to your company.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the standard used by most small and medium-sized companies that do not adopt the micro-entities regime. FRS 105 is more compact: fewer note disclosures, simpler measurement requirements and a shorter set of financial statements. FRS 102 offers more accounting policy choices and requires fuller disclosure, which can be helpful if a lender or investor wants more detail about the company's position.

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

Where a company prepares its accounts under FRS 105, those accounts are generally the ones submitted to Companies House for that financial year, subject to the filing requirements that apply to the company. The accounts are approved and signed by the directors before submission, and the version filed may be a simplified version of the full financial statements depending on the company's circumstances.

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

Yes. FRS 105 accounts are the company's financial statements prepared under the micro-entities regime, while a CT600 is the Corporation Tax Return submitted to HMRC to report taxable profits and calculate the tax due. They draw on the same underlying records, but they are separate documents going to different bodies, and neither one replaces the other. Filing accounts does not discharge your Corporation Tax obligations.

Can a new limited company use FRS 105?

Potentially, yes — if it qualifies for the micro-entities regime and chooses to apply it. Many newly incorporated companies are small enough to sit within the size conditions, although exclusions can affect availability for certain types of company. First-year figures still need to be prepared properly, so it is worth checking your position before assuming the regime applies.

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

In most cases we need your bookkeeping or accounting records, bank statements, sales and purchase information, details of any assets and liabilities, and confirmation of your year end date. If you already have draft accounts or previous filings, those help too. Having the records in reasonable order from the outset keeps the preparation process smooth and reduces the back-and-forth needed to finalise the figures.