─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Aldridge

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities in the UK, and for many small companies in Aldridge they offer a simpler, more proportionate way to report. FRS 105 is not a separate filing in itself — it is the accounting standard used when a company qualifies for the micro-entities regime and chooses to apply it. That means the accounts are typically shorter, with a simplified balance sheet and limited notes, while still being prepared from the company’s underlying financial records. Professional preparation helps ensure your figures are presented appropriately for your circumstances, that the accounts are internally consistent with the records you hold, and that the disclosure requirements of the framework are considered properly. It also gives you a clear picture of the company’s position ahead of any Companies House filing and supports the wider bookkeeping and tax side of running a limited company in Aldridge.

🔥 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 Is and Why It Matters

FRS 105 is the UK financial reporting standard for micro-entities. In plain terms, it is the rulebook that sets out how a qualifying micro-entity prepares its annual financial statements when it chooses to apply the micro-entities regime. The regime sits within UK company law and is designed to reduce the reporting burden on the smallest companies, so FRS 105 accounts are shorter and simpler than accounts prepared under a fuller framework. A typical set of FRS 105 Micro Entity Accounts includes a balance sheet, a profit and loss account and a small number of notes, with fewer of the disclosures that larger standards require. It is important to understand the distinction: qualifying companies are not forced into FRS 105 automatically — the micro-entities regime is an available accounting regime, and FRS 105 applies when that regime is chosen. Choosing it is a decision that should be made with the company’s circumstances in mind, since it affects how the numbers are measured and presented. In Aldridge, as elsewhere in the UK, the framework is commonly used by small limited companies that want straightforward, proportionate accounts 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 then decide to apply it. Eligibility is not simply a matter of being small — it depends on meeting the applicable size conditions and falling outside the relevant exclusions. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 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 a conclusion, because other eligibility rules can apply — for example, certain entity types and regulated businesses are not able to use the regime. It is also important to remember that the micro-entities regime is an available option, not an obligation: a qualifying company in Aldridge can choose FRS 105, or it can report under a different framework where that makes more sense for its shareholders, lenders or other users of the accounts. Checking eligibility against your own circumstances, rather than assuming it, is the sensible approach.

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 properly starts with good records. We work from your bookkeeping, bank information, invoices, expense records and any other supporting documents to build a set of financial statements that reflects the company’s transactions for the period. From there, the accounts are drafted in line with the FRS 105 framework as it applies to your circumstances, with the balance sheet and profit and loss account presented in the required format and the relevant notes considered. It is worth being clear about the different pieces of the jigsaw: the preparation of the financial statements for the members, the filing of those accounts with Companies House, and the Corporation Tax position are separate matters, even though they draw on the same underlying records. A Corporation Tax Return (CT600) is submitted to HMRC and is not the same thing as FRS 105 accounts, and a Confirmation Statement is a further, separate filing. Our role is to prepare accounts accurately and consistently based on the information provided and applicable reporting requirements — we do not claim that Companies House or HMRC approves or endorses any set of accounts, and acceptance of a filing always rests with the relevant authority. What you get is clear, transparent pricing, a methodical approach and figures you can rely on when reviewing how the company is performing.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Aldridge

If you run a small limited company in Aldridge and want to understand whether FRS 105 Micro Entity Accounts suit your circumstances, get in touch. Tell us about your company — its trading activity, the accounting period involved, your current bookkeeping arrangements and any records you already hold — and we can assess how best to take things forward. Whether you are preparing accounts for the first time, switching from a different framework, or simply want a clearer view of your reporting obligations, a short conversation is usually the quickest way to get the information you need. Reach out and we will talk through your FRS 105 Micro Entity Accounts requirements in practical, straightforward terms.

─── 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 micro-entities. It sets out the rules for preparing annual financial statements under the micro-entities regime, which is a simplified accounting framework for the smallest companies. In practice, FRS 105 Micro Entity Accounts are shorter than accounts prepared under the fuller FRS 102 framework, with a simpler balance sheet, a profit and loss account and a limited set of notes.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualification depends on the company meeting the applicable size conditions and not falling within any of the relevant exclusions, such as certain regulated or ineligible entity types. Meeting the size tests on their own does not automatically mean a company qualifies, so it is worth checking the position carefully with reference to your own company's situation.

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. These are the size conditions, but other rules and exclusions can also affect whether a company is eligible for the micro-entities regime, so the criteria should be applied to the specific facts rather than assumed.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A qualifying company can choose to apply it, in which case FRS 105 applies, or it may use a different framework if that better suits its circumstances — for example where shareholders or lenders want more detailed disclosures. The decision is usually made with the company's reporting needs and any user expectations in mind.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the fuller UK financial reporting standard and requires more extensive disclosures and a broader range of measurement requirements. FRS 105 is the micro-entities standard, so it is deliberately narrower and simpler: fewer notes, a more concise balance sheet and a reduced reporting burden. Companies that no longer qualify as micro-entities, or that want to present more information, typically report under FRS 102 or another applicable framework instead.

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

Yes — where a company prepares annual accounts, those accounts normally need to be filed at Companies House for the relevant period, subject to the applicable filing requirements and any available exemptions. FRS 105 affects how those accounts are prepared and what they contain; it does not remove the underlying obligation to file company accounts. Filing the accounts is also a separate step 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 accounting framework. A CT600 is the Corporation Tax Return submitted to HMRC, which deals with the company's tax position for the period. The two are related because they draw on the same financial records, but they are different documents with different purposes, and a Confirmation Statement is a further, separate filing.

What information is needed to prepare FRS 105 accounts?

We generally need your bookkeeping or accounting records for the period, bank statements, sales and purchase information, details of any assets and liabilities, information on directors' loans or balances, and any relevant agreements or supporting documents. It also helps to know the accounting period, whether the company has traded, and whether anything unusual happened during the year. The cleaner and more complete the records, the more straightforward the preparation process tends to be.

Can a new limited company use FRS 105?

A newly incorporated company may be able to apply the micro-entities regime in its first accounting period if it meets the relevant eligibility conditions and chooses to do so. First-year accounts can involve particular considerations, such as the period covered and any pre-trading costs, so it is sensible to discuss the position early. Qualification is never automatic simply because a company is new or small.