─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Alexandria

FRS 105 Micro Entity Accounts in Alexandria are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to apply the UK micro-entities regime. FRS 105 is short, straightforward and built around historical cost, so it suits smaller companies that want simple, clear financial statements without the wider disclosure requirements of a fuller reporting framework. Whether your company qualifies depends on the applicable size conditions and on other eligibility rules and exclusions, so qualification is never automatic. Professional preparation begins with a review of your circumstances, your accounting records and the reporting requirements that apply to your company, and then moves through to producing financial statements that reflect the company’s transactions accurately. If you run a small company in Alexandria and want to understand whether FRS 105 Micro Entity Accounts are the right fit, we can work through your position and prepare the accounts on that basis where the regime applies and you choose to use it.

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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 
    
 
 
 
   
 
 
       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.
  
 
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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
  
 
      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.
  
 
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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
  
 
      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.
  
 
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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.
  
 
      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: The Micro-Entities Reporting Framework

FRS 105 is the UK accounting standard that sets out how qualifying micro-entities prepare their financial statements. It sits within UK GAAP and is designed to be the simplest option available: the accounts are usually prepared on a historical cost basis, the measurement rules are kept deliberately lean, and the disclosure requirements are far lighter than those of a fuller framework. The standard is tied directly to the micro-entities regime, which is an optional accounting regime available to companies that fall within the relevant size conditions and are not caught by the applicable exclusions. Qualifying does not mean FRS 105 applies automatically — a company can choose to apply the micro-entities regime, and FRS 105 is the standard used when that choice is made. In practical terms, that means a shorter balance sheet, a simpler profit and loss account and a much smaller set of notes, which many directors of small companies find easier to review and understand. It also means the accounts look different from those prepared under FRS 102, so it is worth confirming which framework best suits your company before the accounts are finalised.

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. 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 during the period. Those thresholds are only part of the test. Further rules and exclusions can affect whether a company is eligible — for example, certain companies are excluded from the regime regardless of their size — and the conditions are assessed by reference to the relevant period and the company’s own circumstances. Meeting the size thresholds on their own does not automatically guarantee eligibility, and eligibility does not mean the regime must be used: it remains a choice. If you are a director in Alexandria wondering whether FRS 105 Micro Entity Accounts are available to your company, the practical step is to look at your figures, your structure and the rules that apply, then decide whether the micro-entities regime is genuinely the best fit for your reporting.

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

FRS 105 Micro Entity Accounts are built from your company’s financial records and prepared in line with the reporting requirements that apply to it. That means working from accurate bookkeeping — sales invoices, purchase records, bank and credit card statements, payroll information, loan and asset details — and then presenting the figures within the recognition, measurement and disclosure rules of FRS 105. The output is a set of financial statements for the company and its members, which can then be used for the separate Companies House filing that many companies are required to make. Corporation Tax is a distinct matter: a CT600 is submitted to HMRC and is not the same thing as FRS 105 financial statements, even though the two are usually prepared from the same underlying records and should tell a consistent story. Good preparation therefore involves keeping the accounting framework, the statutory filing and the tax position clearly separated. We take the time to understand your transactions and present them appropriately, so the accounts reflect what has actually happened in the business rather than a generic template.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If you are unsure whether your company qualifies for the micro-entities regime, or you simply want your FRS 105 Micro Entity Accounts prepared properly and on time, get in touch. Tell us about your company — what it does, how it is structured, when its accounting period ends and whether it has traded before — and share the records you hold, such as bank statements, invoices, payroll details and last year’s accounts if you have them. With that information we can assess your circumstances, explain your options clearly, and let you know what is needed to move forward on a fixed-fee basis. Whether you are newly incorporated in Alexandria or an established small company reviewing its reporting framework, a short conversation is the quickest way to get a clear answer.

─── 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 accounting standard that sets out the financial reporting framework for qualifying micro-entities. It forms part of UK GAAP and is deliberately the simplest framework available: accounts are generally prepared on a historical cost basis, measurement requirements are kept straightforward, and the number of disclosures is much smaller than under a fuller standard. It is used when a company qualifies for the micro-entities regime and chooses to apply it.

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, but it is equally entitled to report under a fuller framework, such as FRS 102 including Section 1A. The choice can affect how the figures are measured and how much is disclosed, so it is worth reviewing your position with an accountant before deciding which basis best suits your company.

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 during the period. Meeting those size conditions is not the whole picture, because further eligibility rules and exclusions apply to certain companies, and the tests are applied to the relevant period and to the company's circumstances. Eligibility should therefore be confirmed rather than assumed.

What is the difference between FRS 105 and FRS 102?

FRS 105 is a stripped-back framework intended for qualifying micro-entities, while FRS 102 is a much broader standard that covers a wider range of transactions and requires considerably more disclosure. Under FRS 105 there is generally no fair value or revaluation accounting and no recognition of deferred tax, and the financial statements focus on historical cost. FRS 102, including the reduced disclosure options in Section 1A, gives more flexibility in measurement but asks for more in the notes. The right framework depends on your company's size, structure and how you want the accounts to look.

Can a new limited company use FRS 105?

A newly incorporated company can report under FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies often fall comfortably within the size conditions in their early periods, but this is not guaranteed — the tests look at turnover, balance sheet total and employee numbers, and other eligibility rules and exclusions can still apply. If you have recently started trading, it is worth confirming your position before your first set of accounts is prepared.

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

Where a company is required to file accounts, the financial statements prepared under FRS 105 are what get filed with Companies House, alongside the other statutory information that applies. Filing obligations vary depending on the company's circumstances, and the way small and micro-entity accounts are filed is changing, so it is sensible to check the current requirements before each filing. Preparation of the accounts and submission to Companies House are separate steps, and both need to be handled correctly.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities reporting framework, while a CT600 is a Corporation Tax Return submitted separately to HMRC. They serve different purposes and go to different bodies, although they are normally prepared from the same accounting records and should be consistent with each other. Preparing the accounts does not by itself deal with the company's Corporation Tax obligations, so both should be considered as part of your overall compliance.

What information is needed to prepare FRS 105 accounts?

Useful starting points include your bookkeeping or accounting software records, bank and credit card statements, sales invoices and purchase records, payroll details, details of any loans, hire purchase agreements or fixed assets, stock or work in progress figures, and a copy of the previous year's accounts. For a first set of accounts, we would also need incorporation details and the accounting period dates. If your records are incomplete, we can talk through what is missing and how to bring things up to date before the accounts are prepared.