─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Altrincham

If your company qualifies for the UK micro-entities regime and chooses to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework for your annual accounts. For directors in Altrincham and the surrounding areas, that means financial statements built from your underlying accounting records, prepared in line with the simplified measurement and disclosure requirements that apply to qualifying micro-entities. Professional preparation helps ensure the figures, the limited notes and the Companies House filing are considered together and approached consistently, rather than being pieced together at the last minute. Eligibility is neither automatic nor permanent, and applying the micro-entities regime is a choice rather than a default, so the starting point is always a look at your company’s circumstances and whether FRS 105 is the appropriate framework for the accounting period in question.

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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

What Is FRS 105? The Micro-Entities Regime Explained

FRS 105 is the UK financial reporting standard written specifically for companies that qualify as micro-entities. It works hand in hand with the micro-entities regime in UK company law: companies that meet the relevant conditions can choose to apply that regime, and FRS 105 is the accounting standard that applies when they do. The framework is deliberately streamlined. Assets are generally measured on a historical cost basis, revaluations and certain fair value measurements are not permitted, and the notes to the accounts are kept to a minimum. In practice, that means shorter, simpler financial statements than you would expect under FRS 102, while still presenting the company’s financial position and performance in accordance with the applicable rules. Because the regime is optional, it is worth confirming that your company qualifies and that FRS 105 suits your circumstances before the accounts are prepared for the year.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK 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. Those conditions are a starting point rather than a guarantee of eligibility — the rules also exclude certain types of entity, and other requirements can affect whether the regime is available in a particular period. Because eligibility has to be assessed period by period, and because applying the micro-entities regime remains a choice, it is worth reviewing your position each year alongside your other reporting obligations. If you are based in Altrincham or nearby and are unsure whether FRS 105 applies to your company, we can talk through the criteria with you.

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, Professionally Prepared FRS 105 Micro Entity Accounts

Sound FRS 105 Micro Entity Accounts begin with complete and accurate records. We work from your bookkeeping, bank statements, sales and purchase information and supporting documents to prepare financial statements that are consistent with the micro-entity framework and reflect how your company actually trades. That covers the primary statements, the limited notes required under FRS 105, and the figures used for the accounts filed at Companies House. It is worth being clear about what sits where: filing statutory accounts at Companies House and submitting a Corporation Tax Return (CT600) to HMRC are separate exercises with different requirements, and a Confirmation Statement is separate again. We help you pull the information together, prepare the FRS 105 accounts and coordinate the various filings so that each obligation is handled on its own terms, with any follow-up questions dealt with promptly.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Altrincham

If you would like support with FRS 105 Micro Entity Accounts in Altrincham, get in touch and tell us a little about your company. It helps to have your latest trial balance or accounting records, the dates of your accounting period, and an idea of anything that may need closer attention, such as asset purchases, director’s loans or income received in advance. From there we can talk through whether the micro-entities regime is likely to be available to you, how the accounts should be approached, and what your reporting and filing obligations look like for the period. There is no obligation and no pressure — just a clear conversation about your requirements, with transparent, fixed-fee options for the work 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 for micro-entities. It sets out how qualifying companies that use the micro-entities regime should prepare their annual accounts, with simplified measurement rules and reduced disclosure requirements compared with larger frameworks. Accounts prepared under FRS 105 typically include a small number of primary statements and limited notes, which keeps preparation more straightforward than full FRS 102 accounts — though it does not remove the need for accurate, well-kept records.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. The regime is open to companies that meet the size conditions and are not excluded by other rules — certain financial and investment undertakings, and companies whose securities are admitted to trading on a regulated market, fall outside it. A newly incorporated company can use FRS 105 where it qualifies, but the position should be checked for each accounting period rather than assumed.

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 meets the size conditions can choose to apply it and prepare FRS 105 accounts, or it can prepare accounts under a different framework such as FRS 102. The decision often depends on the company's structure, what lenders, investors or other users of the accounts expect, and whether the simplified framework genuinely suits how the business operates.

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: 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 not the whole picture — other eligibility rules and exclusions can apply, and the tests have to be assessed for the period in question. We can review your circumstances and confirm where your company stands.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the standard used by most other UK companies and is far more detailed. FRS 105 is a separate, much shorter standard with simplified measurement rules and considerably fewer disclosure requirements — for example, revaluations and certain fair value measurements are not permitted, and the notes to the accounts are kept to a minimum. FRS 102 accounts give readers more information but take more work to prepare, while FRS 105 exchanges some of that detail for simplicity and lower reporting overhead.

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

Yes. Where a company prepares FRS 105 accounts as its statutory financial statements, those accounts are filed at Companies House in the normal way. This is separate from Corporation Tax, which is dealt with through HMRC, and separate from the Confirmation Statement. Companies House has also been changing how accounts are filed, including a move towards software-based filing, so it is sensible to check the current requirements before submitting.

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

Yes, they are two distinct things. FRS 105 Micro Entity Accounts deal with the company's financial statements and the accounts filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC, using figures that are usually based on the accounts but adjusted for tax purposes. The deadlines, formats and receiving bodies differ, so the accounts and the tax return need to be prepared and filed as separate exercises.

What information is needed to prepare FRS 105 accounts?

We normally need your accounting records for the period: bookkeeping or a trial balance, bank statements, sales and purchase records, and details of any assets, loans or other balances. It also helps to know your accounting period dates, whether the company is dormant or trading, and anything unusual that happened during the year. If you are moving from another accountant or framework, last year's accounts are useful for comparison. From there we can confirm what else, if anything, is required.