─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Yateley: Clear Financial Reporting for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts in Yateley are prepared under the UK financial reporting framework designed for companies that qualify for the micro-entities regime and choose to apply it. FRS 105 simplifies the way financial statements are presented, but it still requires careful attention to the company’s records, accounting policies and disclosure requirements. Professional preparation can help you work through whether the regime is suitable, identify the information needed, and produce accounts that reflect the company’s circumstances accurately. It is important to remember that eligibility is not automatic: a company must meet the relevant size conditions and any other applicable rules, and applying the micro-entities regime is a choice that should be made with the right advice.

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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.
  
 
      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
  
 
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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.
  
 
      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 Yateley Company

FRS 105 is the UK accounting standard used for micro-entity accounts. It sits alongside the UK micro-entities regime, which gives qualifying companies a simpler way to prepare and present their annual financial statements. In practice, FRS 105 Micro Entity Accounts focus on simpler presentation and reduced disclosure requirements compared with larger-company standards, while still being based on proper accounting records. The regime is optional: a company that qualifies can choose to apply it, and FRS 105 applies when that choice is made. If a company does not qualify, or decides not to use the micro-entities regime, it will usually prepare accounts under another framework such as FRS 102. For many small companies in Yateley, FRS 105 can reduce reporting complexity, but it is not a substitute for keeping accurate records or understanding the company’s legal filing duties.

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

FRS 105 in the UK is intended for 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. Meeting those size conditions is an important starting point, but it does not automatically guarantee eligibility. Other rules and exclusions can affect whether a company can use the micro-entities regime, and some companies may be excluded even if they are small. If your company is based in or around Yateley and you are considering FRS 105 Micro Entity Accounts, it is worth reviewing the position before the accounts are prepared.

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.

Professional Preparation of FRS 105 Micro Entity Accounts for Accurate Financial Reporting in Yateley

FRS 105 Micro Entity Accounts should be built from the company’s financial records and prepared in line with the applicable reporting requirements. Professional support can help with compiling the balance sheet, notes and supporting disclosures, checking that the figures are consistent with the bookkeeping, and preparing the accounts for filing at Companies House where required. It is also important to keep the accounts side of your obligations separate from Corporation Tax: FRS 105 accounts are financial statements, while a CT600 is a separate Corporation Tax Return submitted to HMRC. Likewise, a Confirmation Statement is a separate Companies House filing and is not the same as annual accounts. We can help you understand which tasks apply to your company and prepare the FRS 105 Micro Entity Accounts in Yateley with care and accuracy.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Yateley

If you would like help preparing your FRS 105 Micro Entity Accounts, get in touch to discuss your company’s circumstances. We can talk through your eligibility for the micro-entities regime, the records and information needed, and the separate filing requirements that may apply. Share details of your company, your accounting records and any deadlines you are working towards, and we can explain the next steps for preparing your FRS 105 Micro Entity Accounts in Yateley.

─── 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 micro-entity accounts. It is used by companies that qualify for the micro-entities regime and choose to apply it. It provides a simplified framework for preparing financial statements, with reduced disclosure and presentation requirements compared with larger-company standards. FRS 105 Micro Entity Accounts are still based on the company’s accounting records and must be prepared appropriately for the company’s circumstances.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities under the UK micro-entities regime and decide 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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically guarantee that FRS 105 can be used.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one for every company that meets the size conditions. A qualifying company can choose to apply the micro-entities regime and use FRS 105, or it may decide to prepare accounts under another framework such as FRS 102. The right choice depends on the company’s circumstances, its reporting needs and any other rules that apply.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the main size conditions are 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. A company generally needs to meet at least 2 of those 3 conditions. However, eligibility also depends on the wider rules and exclusions in the micro-entities regime, so it is worth checking the position carefully before deciding to use FRS 105.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler micro-entity standard, while FRS 102 is the standard used by many small and medium-sized companies that do not apply the micro-entities regime. FRS 105 has reduced disclosure and presentation requirements, but it also offers less flexibility in some areas. FRS 102 generally provides more detailed accounting and disclosure requirements. The appropriate framework depends on whether a company qualifies for the micro-entities regime and chooses to apply it.

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

Where a company prepares FRS 105 Micro Entity Accounts, those accounts normally need to be filed with Companies House as part of its annual accounts filing obligations. The filing is separate from the company’s Corporation Tax Return and from its Confirmation Statement. A CT600 is submitted to HMRC for Corporation Tax, while the Confirmation Statement is a separate Companies House filing. The exact filing requirements can depend on the company’s circumstances.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entity reporting framework. A CT600 is a separate Corporation Tax Return submitted to HMRC. Preparing FRS 105 accounts does not replace the need to deal with Corporation Tax obligations, and filing accounts with Companies House is not the same as submitting a CT600. Both may need attention, depending on the company’s position.

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

To prepare FRS 105 Micro Entity Accounts, you will typically need the company’s bookkeeping records, bank and sales or purchase information, details of assets and liabilities, employee information where relevant, and any previous accounts or filings. It also helps to confirm the company’s eligibility for the micro-entities regime and whether there are any changes in the period that affect the figures. Good records make the preparation process smoother and help ensure the accounts reflect the company’s circumstances accurately.