─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Amesbury — Straightforward Financial Reporting for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts give qualifying UK companies a simpler, more proportionate way to prepare their annual financial statements. FRS 105 is the financial reporting standard that applies when a company is eligible for the micro-entities regime and chooses to use it, which is why the framework is often the natural fit for very small trading companies in Amesbury and the surrounding area. Professional preparation of FRS 105 Micro Entity Accounts is about making sure the numbers in your financial statements properly reflect your business’s circumstances — your income, costs, assets, liabilities and any amounts owed to or by directors — and that the accounts are set out in line with the disclosure requirements that apply to the regime. Eligibility is not automatic, so it is worth checking your position before assuming FRS 105 applies. Whether you are newly incorporated, trading quietly, or reviewing how your accounts are currently handled, the aim is financial statements that are accurate, clearly presented and prepared with an understanding of what the micro-entities regime does and does not require.

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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 Amesbury Company

FRS 105 is one of the financial reporting standards used in the UK, and it is the one written specifically for micro-entities. In plain terms, it sets out how a qualifying company prepares its annual accounts when it chooses to adopt the micro-entities regime — a simplified accounting framework designed for the very smallest companies. Under FRS 105, financial statements are usually built on a straightforward basis, with a shorter set of disclosures than you would see under standards such as FRS 102, which is the more common framework for small companies that are not micro-entities. The key point is that FRS 105 does not apply because a company is small in a general sense; it applies because the company qualifies for the micro-entities regime and has chosen to use it, and the regime brings its own rules about what must be included, how the accounts are presented and how they are filed. For a business such as a single-director consultancy or a small family-run trading company in Amesbury, that can mean less clutter, clearer figures and a set of accounts that is easier to follow — provided it genuinely suits the company’s circumstances.

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

FRS 105 Micro Entity Accounts are intended for companies that are eligible for the UK micro-entities regime and that 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 complete answer. There are further eligibility rules and exclusions that can affect whether the regime is available, and the test is applied to the company’s circumstances for the period in question — which means a company that qualifies in one year may not qualify in the next, and a company that has just started trading may need careful assessment. It is also important to remember that qualifying does not compel a company to use FRS 105; it is a choice, and for some businesses a different framework is a better fit. Checking eligibility accurately, rather than assuming it, is the sensible first step for any company in Amesbury considering its options.

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 Micro Entity Accounts and Accurate Financial Reporting in Amesbury

Good FRS 105 Micro Entity Accounts start with good records. Accounts are prepared from your bookkeeping, bank transactions, sales and purchase information, asset details and any relevant agreements, and the figures then need to be presented in the form the micro-entities regime requires. Professional preparation means working through those records carefully, asking about anything unclear, and making sure the financial statements tell a consistent story about the year. It is also important to separate the different obligations involved. Preparing the financial statements is one task; filing accounts with Companies House is a separate filing; and a Corporation Tax Return (CT600) is a further, distinct submission made to HMRC. Work on FRS 105 Micro Entity Accounts can support the accounting and reporting side of that picture, but it is not the same thing as the corporation tax filing, and one does not automatically follow from the other. No accountant can guarantee a particular outcome or that a filing will be accepted without question, but careful preparation based on your actual records and the reporting requirements that apply to your company gives you a far stronger starting point than assumption or guesswork.

ICAEW

ACCA

AAT

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

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, how your records are kept, whether you have prepared accounts before, and when your accounting period ends. It also helps to share details of anything unusual during the year — a large purchase, a director’s loan, a change in ownership, or a period of little or no activity — because that is often what shapes how the accounts should be approached. From there, we can look at whether the micro-entities regime appears to suit your circumstances, explain what information we would need, and outline how the work would be handled. There is no obligation and no pressure; just a clear discussion about your FRS 105 Micro Entity Accounts requirements and the practical next steps.

─── 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 the rules a qualifying company follows when it prepares its annual accounts under the micro-entities regime, including which financial statements are produced and how much disclosure is required. It is a separate framework from FRS 102, which is used by many small companies that are not micro-entities.

Who can use FRS 105?

It is available to 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. Other eligibility rules and exclusions can still apply, so meeting the size conditions alone does not guarantee eligibility.

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 it, but it may instead prepare accounts under a different framework if that is more appropriate for its circumstances. The choice is usually worth discussing with an accountant, particularly if the company is growing, has investors, or has more complex transactions.

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-entities standard and is deliberately stripped back, with simpler measurement and fewer disclosures. FRS 102 is used by a much wider range of companies and involves more detailed accounting treatments and a longer set of disclosure requirements. Moving between the two is possible as a company's circumstances change, but the transition needs to be handled properly.

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

Where a company prepares accounts under FRS 105, those accounts form the basis of the annual accounts filing made to Companies House for the relevant period, subject to the filing requirements that apply to the company. Preparing the accounts and submitting them are two steps that both need attention. Filing accounts is separate from the Corporation Tax Return (CT600), which is submitted to HMRC rather than Companies House.

Is a Corporation Tax Return separate from FRS 105 accounts?

Yes, they are different things. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime and used for the company's accounts filing. A CT600 is a Corporation Tax Return submitted to HMRC, and it deals with the company's tax position rather than its financial reporting framework. The figures in the accounts often inform the tax return, but the two documents serve different purposes and go to different bodies.

Can a new limited company use FRS 105?

A newly incorporated company can potentially qualify for the micro-entities regime if it meets the relevant conditions for the period in question and is not excluded for another reason. In a first period, and particularly where trading has only recently started, the position depends on the actual figures and the rules that apply to that period. It is worth checking eligibility properly rather than assuming it applies from day one.

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

Typically you would provide your bookkeeping or accounting records, bank and credit card statements, sales and purchase information, details of any assets bought or sold, information on loans or amounts owed to and from directors, and any relevant agreements or correspondence. Details of stock, work in progress, and any unusual one-off transactions also help. The more complete and organised the records are, the more straightforward the preparation tends to be.

What changes are coming to micro-entity accounts filing?

Company filing requirements in the UK have been evolving, with a direction of travel towards more digital submission and streamlined reporting, and the rules around accounts and confirmation statements have been updated in recent years. Because requirements can change and may depend on your accounting period, it is sensible to confirm the current position before you file rather than relying on older guidance. A discussion with your accountant is the simplest way to check what applies to your company.