─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Andover

FRS 105 Micro Entity Accounts are the streamlined set of financial statements prepared under the micro-entities regime — the simplest accounting framework available to qualifying UK companies. For directors in Andover running a small limited company, FRS 105 can mean shorter, more straightforward accounts that focus on the essentials, with far less disclosure than a full set of FRS 102 financial statements. FRS 105 provides the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime, so it is important to understand both the eligibility conditions and the practical consequences of adopting it. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are put together appropriately for your company’s particular circumstances, that the figures are consistent with your underlying records, and that the information presented reflects the framework you have chosen to apply. Whether you are filing for the first time or switching framework, we can explain what is involved in plain English.

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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 Framework Means for Your Company

FRS 105 is the UK financial reporting standard written specifically for micro-entities. In simple terms, it is a slimmed-down accounting framework: the financial statements still include a balance sheet, and usually a profit and loss account and notes, but far fewer disclosures are required than under FRS 102. The micro-entities regime is a size-based regime within UK company law, and FRS 105 is the standard that applies when a qualifying company chooses to use that regime. Choosing the micro-entities regime is a decision, not an automatic outcome — a company that meets the size conditions can still opt for a different framework if that better suits its circumstances. Because FRS 105 accounts are deliberately concise, they can be quicker and less costly to prepare, but the trade-off is reduced detail for anyone reading the accounts, such as lenders or investors. For many directors in Andover, that balance is exactly right. Our role is to help you understand what FRS 105 involves, decide whether it fits your company, and prepare the accounts properly if it does.

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

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. The regime is a size-based category within company law, and 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. Those tests are the starting point, not the whole answer. Other eligibility rules and exclusions can apply — certain company types are excluded from the regime, and the way thresholds are measured and applied can vary depending on your circumstances. Meeting the size conditions therefore does not automatically mean you can or should use FRS 105. If your company sits close to a threshold, or you have subsidiaries, investment property, or unusual transactions, it is worth taking advice before deciding. For directors in Andover, the sensible approach is to review your position each year and confirm which framework your financial statements will be prepared under.

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 in Andover

Preparing FRS 105 Micro Entity Accounts starts with your company’s financial records: bookkeeping, bank transactions, sales and purchase information, payroll data, asset purchases and any liabilities. From there, the figures are brought together into a set of financial statements prepared in line with the framework your company has chosen to apply. It is worth being clear about what sits where. The financial statements themselves are prepared under FRS 105, and the accounts are then filed at Companies House in the required format. Corporation Tax is a separate matter: a CT600 Corporation Tax Return is submitted to HMRC, and it is not the same document as your FRS 105 accounts, even though the two are prepared from the same underlying records. A Confirmation Statement is separate again. Keeping these distinct helps avoid confusion and missed obligations. We prepare FRS 105 Micro Entity Accounts based on the information you provide and the applicable reporting requirements, working with clear, transparent pricing so you know where you stand before work begins.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If your company may qualify for the micro-entities regime, or you are already preparing FRS 105 Micro Entity Accounts and would like support, we are here to help. Get in touch to discuss your circumstances — your company’s size, whether the micro-entities regime is the right fit, and what you need for the current year. To assess your requirements we will typically ask for details of your income and expenditure, bank statements, any asset or loan information, and confirmation of your company’s reporting period. From there we can explain the process, the information we need and how the work will be handled. You are welcome to raise questions about eligibility, deadlines for your accounts, and how Corporation Tax fits alongside your financial statements.

─── 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 a simplified basis for preparing financial statements, with far fewer notes and disclosures than the fuller FRS 102 framework. It is the standard that applies when a company qualifies for, and chooses to use, the micro-entities regime under UK company law.

Who can use FRS 105?

FRS 105 is available to companies that fall within the definition of a micro-entity and that choose to apply the micro-entities regime. Meeting the headline size conditions is part of the picture, but other eligibility rules and exclusions can apply, and some company types are not able to use the regime at all. It is worth checking your specific position before adopting FRS 105, since eligibility is not something to assume.

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 as a micro-entity can generally choose between FRS 105 and a fuller framework such as FRS 102. Some directors prefer the extra disclosure that FRS 102 provides, particularly where a bank, investor or group parent expects more detail.

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. These are the size tests, but other rules and exclusions also apply, so satisfying 2 of the 3 conditions does not automatically guarantee eligibility.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of detail. FRS 105 is designed for micro-entities and requires very limited disclosure, giving short, concise accounts. FRS 102 is the standard used by larger or non-micro companies and requires considerably more notes and explanation. In general terms, FRS 105 accounts are simpler to prepare, while FRS 102 accounts give readers a fuller picture.

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

Yes — where a company prepares accounts, those accounts need to be filed at Companies House as part of the company's annual filing obligations, in the required format. Filing the accounts should not be confused with Corporation Tax: a CT600 Corporation Tax Return is a separate submission made to HMRC, and a Confirmation Statement is separate again.

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

Yes, they are separate. FRS 105 accounts are the financial statements prepared under the micro-entities reporting framework and filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC. They are prepared from the same underlying records and should be consistent with each other, but they are different documents serving different purposes.

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

In most cases we will need your bookkeeping or accounting records for the period, bank statements and reconciliations, details of sales and purchases, payroll information if you employ staff, and records of any assets, loans, director's loans or other liabilities. It also helps to know your company's reporting period and whether the micro-entities regime was used in the previous year, as this affects how the accounts are presented.

What changes are coming to micro-entity accounts filing?

Filing requirements and formats for company accounts do evolve, and Companies House has been moving towards digital, software-based filing of accounts. The practical effect is that the way accounts are filed may change over time, even where the underlying framework stays the same. If you are unsure how current filing arrangements affect your company, it is worth asking before your next accounts are due.