─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Alfreton — Professionally Prepared Micro-Entity Financial Statements

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, and for qualifying companies in Alfreton they can offer a simpler, more proportionate way to report. FRS 105 is the Financial Reporting Standard that applies when a company qualifies for the micro-entities regime and chooses to adopt it — it is not something every small company automatically falls into. If your company is eligible and the regime suits your circumstances, professional preparation helps ensure your FRS 105 Micro Entity Accounts are built correctly from your bookkeeping records, presented in the required format, and consistent with the information you will file at Companies House. It also helps you avoid common pitfalls, such as applying accounting treatments that belong under FRS 102 instead. We work with directors and owners across Alfreton to prepare micro-entity accounts sensibly, explain the figures in plain English, and keep the accounts and the wider filing picture properly aligned.

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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: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities. The UK micro-entities regime is an optional accounting framework, and FRS 105 is the standard that applies when a qualifying company chooses to use it. In simple terms, it lets very small companies prepare financial statements on a straightforward historical cost basis, with far fewer disclosures than full or small-company reporting requires, and without the fair value and revaluation options that appear in other standards. In practice, that usually means a simpler balance sheet, a simpler set of notes, and less time spent on technical reporting detail. A typical FRS 105 Micro Entity Accounts package includes the company’s financial statements prepared at the year end together with the supporting notes the standard requires. It is important to understand what FRS 105 is not: it does not replace your Corporation Tax Return, it does not cover your Confirmation Statement, and it is not a filing service on its own. It is an accounting and reporting framework — the basis on which a qualifying company’s micro-entity accounts are drawn up before the relevant documents are filed.

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

FRS 105 is designed for companies that qualify for the UK micro-entities regime and choose to apply it. The size test is central: for accounting periods beginning on or after 6 April 2025, a company will generally need to meet at least 2 of 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 those conditions is a starting point, not a guarantee. Other eligibility rules and exclusions can affect whether the regime is available to a particular company, and some companies are treated differently depending on their legal form, ownership or activity. It is also a matter of choice: a qualifying company may still decide that another framework better reflects its circumstances, particularly where it has complex financing, investment property or stakeholders who expect more detailed reporting. If you are unsure where your company stands, we can review your position for your Alfreton-based business and explain the options before any 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.

Accurate FRS 105 Micro Entity Accounts Prepared From Your Records

Our approach to FRS 105 Micro Entity Accounts starts with your records. We review the bookkeeping, bank information, invoices, expenses, asset purchases and any other relevant detail for the period, then prepare financial statements on the basis the micro-entities regime requires. That means a balance sheet prepared on the permitted measurement basis, the notes FRS 105 calls for, and figures that are consistent with the underlying records. Where a company is not eligible, or where using the micro-entities regime would not be appropriate for its circumstances, we will say so and discuss the alternative framework — such as small-company reporting under FRS 102 — rather than forcing the accounts into a format that does not fit. It is also worth being clear about the boundaries: preparing your FRS 105 accounts and filing them at Companies House is a separate exercise from meeting your Corporation Tax obligations, which are dealt with through a CT600 submitted to HMRC. We help you understand which piece is which, so nothing is overlooked and nothing is duplicated.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Alfreton

If you would like help with your FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation about your company. Tell us about your trading activity, your accounting period, roughly what your turnover and balance sheet look like, how many people you employ, and whether you have already filed accounts under the micro-entities regime before. If you can share your bookkeeping records, bank statements, a list of assets and any outstanding liabilities, we will be in a much better position to assess whether FRS 105 is likely to suit your circumstances and to explain what the preparation involves. There is no obligation to proceed, and we are happy to answer questions about eligibility, the difference between micro-entity accounts and other filings, or how the accounts interact with your Corporation Tax position. Get in touch and we will take it from there.

─── 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-entities. It sets out how qualifying companies that choose the micro-entities regime prepare their financial statements, using a simplified historical cost basis with substantially fewer disclosures than other UK accounting standards. It is an accounting and reporting framework rather than a tax return or a filing service.

Who can use FRS 105 Micro Entity Accounts?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and then choose to apply it. Qualification is based on size, but other rules and exclusions can also affect whether a company is eligible. Meeting the size thresholds does not automatically mean a company must use FRS 105, and eligibility should always be confirmed against the specific rules for your company and accounting period before the accounts are prepared.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company will generally need 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. These conditions are subject to the relevant rules and exclusions, so they should be considered alongside the rest of the eligibility requirements rather than in isolation.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not an automatic one. A company that qualifies can choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer to report under a different framework, for example FRS 102, because of the way they are structured, financed or presented to lenders and investors. The right answer depends on the company's circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different situations. FRS 105 is the micro-entities standard and is deliberately streamlined, with fewer disclosures and a simpler measurement basis. FRS 102 is the wider UK standard used by small and other entities, and it offers more accounting options — such as fair value and revaluation treatments — along with more extensive disclosure requirements. Moving between the two can change how figures are presented, so the framework should be chosen deliberately.

Do FRS 105 Micro Entity Accounts need to be filed with Companies House?

Yes — where a company prepares micro-entity accounts, those accounts form the basis of the annual accounts it files at Companies House, in the format permitted for micro-entities. Filing is separate from your Corporation Tax Return, which goes to HMRC, and separate again from your Confirmation Statement. We are also seeing changes to how accounts are filed at Companies House, including a shift towards filing through compatible software, so it is worth checking current Companies House guidance for the latest requirements.

Is a Corporation Tax Return (CT600) separate from FRS 105 Micro Entity Accounts?

They are separate things. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report taxable profits and calculate the tax due. The two are linked in the sense that they draw on the same underlying records, but the accounts are not a tax return and the tax return is not a set of accounts.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies as a micro-entity and chooses the regime for its first accounting period. Whether that applies depends on the company's size, structure and any exclusions that may affect it, so it is worth confirming eligibility early rather than assuming it. It is often helpful to discuss the framework before the first year end.

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

We usually need your bookkeeping or accounting records for the period, bank statements, sales and purchase information, details of any fixed assets or loans, closing stock or work in progress where relevant, and details of any amounts owed to or by the company. If you have previous accounts, comparatives or correspondence from HMRC or Companies House, those help too. Good records make the process quicker and reduce the number of queries raised.