─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Alderley Edge

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework for companies that qualify for the UK micro-entities regime and choose to apply it. FRS 105 is a distinct reporting standard, not simply a shortened version of FRS 102, and it comes with its own presentation, disclosure and measurement requirements. For directors of small companies in Alderley Edge, the practical benefit is a simpler set of financial statements that still needs to be accurate, consistent with the underlying records and appropriate to the company’s circumstances. Professional preparation helps you work through the detail — from confirming whether the micro-entities regime is realistically available to your company, through to drafting the balance sheet, profit and loss account and notes in a form that reflects your bookkeeping. Eligibility is not automatic and depends on your company’s size and structure, so the sensible starting point is a conversation about your figures, your period end and how the accounts will be used.

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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 302 reviews 
    
 
 
 
   
 
 
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   Ayotunde Rufai 
 
 
 
 Trustindex verifies that the original source of the review is Google. Best accountants we've ever had. Umer is ace, and makes everything easy and transparent.
  
 
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   Sofia 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated.

Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.
  
 
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   Zest For Life 
 
 
 
 Trustindex verifies that the original source of the review is Google. I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall  improving their services over time. I would certainly return for any future needs.
  
 
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   Pete Wrist 
 
 
 
 Trustindex verifies that the original source of the review is Google. Sterling work. Many thanks to Muhammad and the team for all their help and expertise
  
 
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   Hansen Personal Training 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been a client for years - very quick responsive and personalised service
  
 
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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 .

─── FRS 105 EXPLAINED

FRS 105 Explained for Alderley Edge Micro-Entities

FRS 105 is the financial reporting standard used by UK companies that qualify as micro-entities and decide to apply the micro-entities regime. In plain terms, it is a simplified accounting framework: it allows a shorter balance sheet and profit and loss account, and it strips back many of the disclosures that larger companies have to include. It also takes a more straightforward approach to measuring assets and liabilities in certain areas, which is why it is sometimes described as a simpler, more cash-and-cost-focused basis than FRS 102. Choosing the micro-entities regime is a decision, not an obligation — a qualifying company can still prepare accounts under a different framework if that suits its circumstances better, for example where it needs to present a more detailed picture to lenders or investors. Where the regime is chosen, FRS 105 is the standard that applies, and the resulting FRS 105 financial statements are what get filed at Companies House for the relevant accounting period.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it, and it is the standard that applies once that choice is made. Size is the starting point. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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. Qualifying is not the same as being required to use it, and it is not simply a question of the numbers. The micro-entities regime carries its own eligibility rules and exclusions, and certain entities are prevented from using it whatever their size. There is also a consistency point: a company that has qualified in one period may fall outside the criteria in a later one, so eligibility is worth reviewing each year rather than assumed. For directors in Alderley Edge weighing up their options, the practical approach is to look at the figures alongside the wider rules and then decide whether FRS 105 Micro Entity Accounts are the right fit for the company.

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 is about more than filling in a template. The figures need to tie back to your accounting records, the presentation needs to follow the framework correctly, and the accounts should make sense for what the company actually does. That means starting from accurate bookkeeping — sales, purchases, bank transactions, payroll, stock, fixed assets and any loans or director balances — and then building the financial statements from there. Our work focuses on the preparation of those financial statements and, where you ask us to, the separate step of filing the accounts with Companies House. Corporation Tax is a distinct obligation: a CT600 return is submitted to HMRC and is prepared on its own basis, so it should never be confused with the accounts themselves or assumed to be covered by the same filing. We also keep Confirmation Statements, VAT returns and other company filing requirements clearly separate from your FRS 105 accounts. The aim is straightforward, accurate reporting that stands up to scrutiny and reflects your company’s position as it really is.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Alderley Edge

If you would like support with your FRS 105 Micro Entity Accounts, the best place to start is a conversation. Tell us about your company — its trading activity, your accounting period dates, who uses the accounts and what you already have in the way of records — and share your latest figures, trial balance or bookkeeping files if they are ready. From there we can look at whether the micro-entities regime appears to suit your circumstances, explain what the accounts will include, and set out clear, transparent pricing for the work involved. Whether you are preparing micro-entity accounts for the first time, moving across from a different framework, or simply want the preparation handled for you, get in touch and we will help you work out the right next step.

─── 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 companies that qualify as micro-entities and choose to apply the micro-entities regime. It sets out how the balance sheet, profit and loss account and any accompanying notes should be prepared and presented for those companies. Compared with fuller frameworks such as FRS 102, it permits a simpler format and significantly reduced disclosure, and it applies a more straightforward measurement basis in certain areas.

Who can use FRS 105?

FRS 105 is available to companies that meet the conditions for the micro-entities regime and decide to apply it. Size is the main consideration, but the regime also has eligibility rules and exclusions — for example, certain types of entity are not permitted to use it regardless of how small they are. Meeting the size tests on their own does not automatically mean a company qualifies, so it is worth checking your specific circumstances before deciding.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies may choose to apply it and therefore prepare FRS 105 accounts, but it can also elect to report under a different framework if that better reflects its situation — for instance where a lender or investor expects fuller information. The framework should be a deliberate choice reviewed each period.

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 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 thresholds sit alongside other rules and exclusions that can affect whether the regime is available to a particular company, so the size tests should be considered together with the wider eligibility requirements rather than in isolation.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 105 is the micro-entities standard: it allows a shorter format, far fewer disclosures and a simpler measurement basis. FRS 102 is used by larger or more complex entities, and in its small-entity form it still requires considerably more disclosure and gives more scope for fair value and similar measurements. In practice, FRS 105 accounts deliver a leaner set of financial statements with less narrative.

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

Where a company prepares FRS 105 accounts for a financial year, those accounts typically form the basis of what is filed at Companies House for that period, alongside any other documents the company is required to deliver. Filing the accounts is a separate process from preparing them, and it is separate again from your Corporation Tax obligations. We can handle preparation and, if you wish, the filing step as well.

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

Yes, they are two different things. FRS 105 accounts are the financial statements prepared under the micro-entities framework. A CT600 is the Corporation Tax Return submitted to HMRC, and it is computed on its own basis with its own adjustments, reliefs and deadlines. The accounts often provide a starting point for the tax work, but preparing FRS 105 Micro Entity Accounts does not itself fulfil any Corporation Tax filing requirement.

What information is needed to prepare FRS 105 accounts?

Typically we would ask for your accounting records for the period — bank statements and reconciliations, sales and purchase records, payroll information, details of stock, fixed assets and any loans or director balances — along with the previous year's accounts, your company details and your period dates. If you keep digital bookkeeping records, sharing access or a file export is usually the quickest route. The more complete and up-to-date the records, the more smoothly the accounts come together.