─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Aldermaston

If your company qualifies for the UK micro-entities regime and you have chosen to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework you need. FRS 105 is the standard that sets out how qualifying micro-entities prepare their annual financial statements, and it is deliberately streamlined: it focuses on the balance sheet, a small number of notes, and a simpler approach to measurement, which can make the reporting process far more straightforward than a full set of general-purpose accounts. For directors in Aldermaston running a small limited company, the practical question is not simply whether the numbers fit a particular size test, but whether the company qualifies for the regime and whether using it suits the way the business is run, financed and reported on. Professional preparation of FRS 105 Micro Entity Accounts involves reviewing your bookkeeping and financial records, confirming the accounting policies that apply, preparing the financial statements in line with the framework, and making sure the figures are consistent with the information you report elsewhere — including your Corporation Tax position. It also means explaining, in plain English, what the accounts show and what the directors are signing off. Because eligibility depends on a range of conditions and exclusions rather than a single threshold, it is worth reviewing your circumstances before each set of accounts is prepared, particularly if your turnover, balance sheet total or employee numbers have changed.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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
  
 
      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.
  
 
      Posted on Google  
   
   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: What It Means for Qualifying Micro-Entities

FRS 105 is the financial reporting standard that applies to UK companies using the micro-entities regime. In simple terms, it is the rulebook for a very small company’s annual accounts, and it exists because the reporting needs of a micro-entity are quite different from those of a larger business. Under FRS 105, the financial statements are built around a simplified balance sheet, a profit and loss account, and a limited set of notes, with measurement requirements that are easier to apply than those under fuller standards. The important point is that FRS 105 is not automatic. The micro-entities regime is an available accounting regime, and a company must both qualify for it and choose to apply it. Where a company qualifies and the directors decide to use the regime, FRS 105 governs how the financial statements are prepared. Where the company does not qualify, or the directors prefer a different framework, another standard such as FRS 102 would generally apply instead. Choosing between them affects what appears in the accounts — for example, how certain items are valued and how much disclosure is included — so the decision is worth taking deliberately rather than by default. For directors in Aldermaston, understanding FRS 105 in these terms makes it easier to have a sensible conversation with an accountant about which framework fits the company, what the resulting financial statements will look like, and how they connect to the company’s other filing obligations.

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. Qualification is based on size conditions rather than on trading activity, sector or turnover alone. 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. Meeting at least two of those conditions is the starting point, not the whole test. A range of other eligibility rules and exclusions can affect whether a company is able to use the regime — some entities are excluded by their legal form or the nature of their activities, and in certain cases a company may be required to prepare accounts on a different basis. It is also possible for a company to move into or out of the regime as its figures change from one period to the next, which means eligibility is worth reviewing each year rather than assumed. Directors in Aldermaston should therefore think of FRS 105 as an option available to qualifying companies that deliberately choose the micro-entities regime, rather than as something every small company automatically gets. If you are unsure where your company stands, a short review of your figures and circumstances is usually enough to clarify whether FRS 105 Micro Entity Accounts are likely to be appropriate.

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

Preparing FRS 105 Micro Entity Accounts properly starts with good records. Your bookkeeping, bank statements, sales and purchase information, payroll data, and any asset or loan details form the basis on which the financial statements are built. From there, the accounts are prepared in line with FRS 105 and the applicable reporting requirements for a micro-entity, with figures checked for consistency and the necessary notes drafted to accompany the balance sheet. It is important to keep the different obligations clear. The financial statements themselves are one piece of work; filing those accounts with Companies House is a separate step; and a Corporation Tax Return (CT600), which is submitted to HMRC, is a separate filing again. A Confirmation Statement is separate as well. FRS 105 Micro Entity Accounts do not replace any of those, and preparing the accounts does not itself settle a company’s tax position — though the two should tell a consistent story. Working with an accountant means the accounts are prepared from your financial records and reviewed for accuracy, that any judgement calls are explained to you, and that you understand what you are approving as a director. We do not claim guaranteed compliance or guaranteed acceptance of any filing, because the accuracy of the accounts depends on the information provided and on the company’s own circumstances. What we can do is apply the framework carefully and flag anything that needs your attention before the accounts are finalised.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Aldermaston

If your company may qualify for the micro-entities regime and you would like your FRS 105 Micro Entity Accounts prepared properly, get in touch to talk through your requirements. Tell us about your company, the period you need accounts for, and how your records are currently kept — whether that is straightforward bookkeeping software, spreadsheets, or a box of paperwork. We will ask the questions needed to assess your circumstances, including whether the micro-entities regime looks appropriate for your company and what information we would need to prepare the financial statements. If you are unsure whether FRS 105 applies to you, that is a perfectly normal place to start, and we are happy to explain the options in plain English. There is no obligation, and no pressure to proceed before you understand what is involved.

─── 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 sets out how a qualifying micro-entity prepares its annual financial statements, focusing on a simplified balance sheet, a profit and loss account and a limited set of notes. It is a distinct framework from FRS 102, which applies to many other companies.

Who can use FRS 105?

FRS 105 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 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. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not automatically mean a company qualifies.

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 for it can choose whether to apply it, and FRS 105 applies when that choice is made. Some directors prefer a different framework even where the micro-entity option is available, often because of how the business is structured, financed or reported on.

What is the difference between FRS 105 and FRS 102?

Both are financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard, with simpler measurement requirements and much lighter disclosure. FRS 102 is the standard generally used by larger small companies and others, and it involves more detailed recognition, measurement and disclosure. The framework a company uses affects what appears in the accounts, so the choice matters.

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

Where a company prepares annual accounts under the micro-entities regime, those accounts form the company's financial statements and are generally filed with Companies House in line with the company's filing obligations. Filing the accounts is a separate step from preparing them, and it is also separate from submitting a Corporation Tax Return to HMRC.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities framework. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's tax position. The accounts and the tax return should be consistent with each other, but preparing one does not automatically take care of the other.

Can a new limited company use FRS 105?

A newly incorporated company is not excluded simply because it is new, but it still has to satisfy the eligibility conditions for the micro-entities regime in the relevant period and choose to apply it. A first set of accounts may raise additional questions, such as how much trading took place and what the balance sheet total looks like at the period end, so it is worth reviewing the position rather than assuming the regime applies.

What information is needed to prepare FRS 105 accounts?

In practice, an accountant needs a clear picture of the company's financial records for the period — typically bookkeeping or accounting records, bank statements, sales and purchase information, payroll details, and any information about assets, loans or other balances. If you already use accounting software, access to that data helps considerably. The exact list depends on how the company operates, and any gaps can usually be worked through.

Are there changes coming to micro-entity accounts filing?

Reporting requirements do change from time to time, and the size conditions for the micro-entities regime have been updated for accounting periods beginning on or after 6 April 2025. Because the rules can shift, it is sensible to confirm the position for your specific accounting period rather than relying on older guidance or thresholds you may have seen elsewhere.