─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Alresford

If your company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 Micro Entity Accounts are the financial statements you prepare under that framework. FRS 105 is the reporting standard that sits alongside the micro-entities regime, and it offers a simplified basis for preparing annual accounts — but the key word is ‘qualifying’. Not every small company is a micro-entity, and meeting one size condition alone does not automatically make you eligible. Our role in Alresford is to look at your company’s circumstances, confirm whether the micro-entities regime is available to you, and prepare FRS 105 Micro Entity Accounts that reflect your actual financial records and the reporting requirements that apply. That means accurate figures, sensible presentation, and accounts that are consistent with the information used for your other filing obligations. Whether you are newly incorporated, trading quietly as a one-person company, or reviewing your accounting framework for the first time, we can help you understand what FRS 105 involves and whether it is the right fit before anything is prepared or filed.

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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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 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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 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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 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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 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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 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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 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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 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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 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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 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 Reporting Framework Behind Micro-Entity Accounts

FRS 105 is a UK financial reporting standard written specifically for companies that qualify as micro-entities. In plain terms, it is the rulebook that sets out how a qualifying company’s annual accounts should be put together when it chooses to use the micro-entities regime. Because the regime is designed for the smallest companies, FRS 105 comes with a lighter set of requirements than the standards most other companies use. There is generally less disclosure, a simpler format for the balance sheet and profit and loss account, and a more straightforward approach to measuring figures such as assets and liabilities. Crucially, the micro-entities regime is a choice, not an automatic label. A company must first qualify under the applicable size conditions and any relevant exclusions, and then it may decide to apply the regime. Where that choice is made, FRS 105 is the standard that governs the financial statements. In Alresford and across the UK, many small limited companies find this approach appealing because it keeps the accounts proportionate to the size and complexity of the business, while still producing a set of financial statements that reports the company’s position and performance.

Who Can Use FRS 105 in the UK?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it — both parts of that sentence matter. To qualify, a company generally needs to meet at least 2 of 3 applicable size conditions for accounting periods beginning on or after 6 April 2025: 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 give a useful starting point, but they are not the whole picture. Other eligibility rules and exclusions can affect whether the micro-entities regime is genuinely open to a particular company, and some entities are treated differently depending on their structure, ownership or the nature of their activities. Meeting the size conditions therefore does not automatically mean a company qualifies, and qualifying does not automatically mean the regime must be used. For companies in Alresford and the surrounding area, we look at the size conditions, check for anything that might restrict eligibility, and confirm whether FRS 105 Micro Entity Accounts are an appropriate route before preparation begins. If the regime is not suitable, we will say so and explain the alternatives.

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

Good financial reporting starts with good records. To prepare FRS 105 Micro Entity Accounts, we work from your company’s bookkeeping, bank information, invoices, expenses and any other supporting records for the period in question. From there, the accounts are built in line with FRS 105 and the presentation requirements that apply to a micro-entity, so that the figures reported are consistent and supportable. It is important to separate the different obligations here. The financial statements are one piece of work; filing those accounts with Companies House is a separate step; and a Corporation Tax Return (CT600) submitted to HMRC is a separate filing again, prepared under tax rules rather than accounting standards. Where you need all three, we can help you coordinate them so the information lines up sensibly across each submission. We do not claim that any filing is guaranteed to be accepted, and no external body approves or endorses accounts before they are submitted — responsibility for what is filed rests with the company and its directors. What we can do is apply care, technical knowledge and a clear process to the preparation of your FRS 105 Micro Entity Accounts.

ICAEW

ACCA

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

If you would like help with FRS 105 Micro Entity Accounts, the best place to start is a conversation. Tell us about your company — when it was incorporated, what it does, roughly how it has traded, and how your records are currently kept. That background lets us assess whether the micro-entities regime is likely to be available to you and what would be involved in preparing your FRS 105 financial statements. If you already have accounts prepared elsewhere or are part-way through a year, we can pick things up from where you are. Bring along your latest accounts, your bookkeeping or accounting software access, and any correspondence about your filing obligations, and we will talk through the options in plain English, with clear and transparent pricing and no obligation to proceed. Get in touch with our Alresford team to discuss your circumstances and the next practical 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 a UK financial reporting standard for companies that qualify as micro-entities and choose to apply the micro-entities regime. It sets out how their annual accounts should be prepared, with a simplified format and fewer disclosure requirements than the standards used by larger companies. When the regime is chosen, FRS 105 governs the financial statements.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. Qualification depends on the applicable size conditions and on whether any exclusions apply to your company. Being small in general terms is not enough on its own — eligibility needs to be checked against the rules for the specific accounting period.

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 FRS 105 applies when that choice is made. Qualifying companies can instead prepare accounts under a different framework such as FRS 102, so the decision is one to make deliberately.

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 3 applicable size conditions to fall within the micro-entity thresholds: 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 the size conditions alone does not automatically guarantee eligibility, as other rules and exclusions can apply.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entity standard and is deliberately simpler, with reduced disclosure and a more streamlined presentation. FRS 102 is used by a much wider range of companies and involves more detailed recognition, measurement and disclosure requirements. The framework you use affects how your accounts look and how much information they contain.

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

Annual accounts for a limited company are generally filed with Companies House, and where a company has prepared FRS 105 Micro Entity Accounts, those are the accounts that would normally be submitted. Filing the accounts is a separate obligation from preparing them, and it is also separate from your Corporation Tax Return. Filing deadlines and requirements depend on your company's circumstances, so it is worth confirming what applies to you.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are financial statements prepared under the accounting framework, while a CT600 is a Corporation Tax Return submitted to HMRC and prepared under tax rules. The figures are related, because the accounts usually inform the tax return, but each has its own purpose, format and submission route.

What information is needed to prepare FRS 105 accounts?

We typically need your bookkeeping or accounting records for the period, bank statements, sales and purchase information, details of any assets and liabilities, loan or lease agreements, payroll information if you employ staff, and your previous year's accounts where available. If you use accounting software, access to that makes the process smoother. The more complete and up-to-date your records, the more straightforward the preparation tends to be.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it, but this is not automatic. A first set of accounts may cover a period shorter than a full year, which can affect how the size conditions are assessed. It is worth reviewing your specific situation before deciding which framework to adopt.

What changes are coming to micro-entity accounts filing?

Filing requirements for small and micro-entity companies have been subject to reform in recent years, and the way accounts are prepared and filed is gradually moving towards more digital, structured formats. Because the detail and timing of these changes can matter, and because rules can differ depending on your company's position, we recommend discussing your own filing arrangements with us rather than relying on general summaries.