─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Anglesey

For companies in Anglesey, FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying micro-entities that choose to apply the UK micro-entities regime. FRS 105 is designed around the needs of smaller companies, but it is not automatic: eligibility depends on the relevant size conditions and other rules, and the regime must be chosen. Professional preparation can help ensure your FRS 105 Micro Entity Accounts are put together appropriately for your company’s circumstances, using the financial records you provide and reflecting the reporting requirements that apply to your chosen framework. Whether you are preparing accounts for the first time or reviewing an existing approach, clear support can make the process more straightforward and help you understand what is required.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 
    
 
 
 
   
 
 
       Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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.
  
 
      Posted on Google  
   
   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: The Micro-Entities Regime for Anglesey Companies

FRS 105 is a UK financial reporting standard for companies that qualify for the micro-entities regime and choose to use it. In simple terms, it sets out how a qualifying micro-entity prepares its financial statements, with a streamlined approach compared with the standards used by larger or more complex companies. For a company in Anglesey, the key point is that FRS 105 does not apply to every small company automatically. A company first needs to qualify under the micro-entity rules and then decide to apply the micro-entities regime. When that regime is chosen, FRS 105 Micro Entity Accounts are prepared under that framework. FRS 105 deals with the accounts and financial reporting side of things, not with a Corporation Tax Return (CT600), which is a separate filing to HMRC.

Who Can Use FRS 105 in the UK? Guidance for Anglesey Companies

FRS 105 is intended for 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. However, other eligibility rules and exclusions can apply, so meeting these size conditions does not automatically guarantee that a company can use FRS 105. Companies in Anglesey should consider their own circumstances, the nature of their activities, and whether the micro-entities regime is the right fit before deciding to prepare FRS 105 Micro Entity Accounts.

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 in Anglesey

Professionally prepared FRS 105 Micro Entity Accounts are built from your company’s financial records and the reporting requirements that apply to the micro-entities regime. The accounts preparation process typically involves reviewing the information you provide, such as income, expenses, assets, liabilities and any relevant notes, and then preparing financial statements under FRS 105 where the company qualifies and has chosen that regime. It is important to keep accounts preparation separate from other obligations: filing accounts with Companies House is not the same as submitting a Corporation Tax Return (CT600) to HMRC, and a Confirmation Statement is another separate filing. Professional support can help you organise the information needed for FRS 105 Micro Entity Accounts and approach the accounts and related filings with greater clarity, but it does not amount to approval, endorsement or guaranteed acceptance by any authority.

ICAEW

ACCA

AAT

Discuss Your FRS 105 Micro Entity Accounts Requirements in Anglesey

If you would like help with FRS 105 Micro Entity Accounts, get in touch to discuss your company’s circumstances. We can talk through whether the micro-entities regime may be relevant, what information is needed to prepare the accounts, and how the accounts fit alongside your other filing obligations. To assess your position, it helps to have details of your company’s income, expenses, assets, liabilities, and any previous accounts or relevant correspondence. Whether you are newly incorporated, reviewing your current reporting framework, or simply looking for professional preparation support in Anglesey, we welcome an initial conversation about your FRS 105 Micro Entity Accounts requirements.

─── 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 companies that qualify for the micro-entities regime and choose to apply it. It sets out how those companies prepare their financial statements, with simplified recognition, measurement and disclosure requirements compared with larger reporting frameworks. FRS 105 applies when the micro-entities regime is chosen; it is not a tax return and it does not replace separate Corporation Tax or Companies House filing obligations.

Who can use FRS 105?

FRS 105 is intended for UK companies that qualify as micro-entities and choose to apply the micro-entities regime. 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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other eligibility rules and exclusions can apply, so meeting the size conditions alone does not always mean a company qualifies. It is worth checking your specific circumstances before deciding on FRS 105.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime for qualifying companies, but it is not compulsory for every micro-entity. A company that qualifies may be able to choose FRS 105, but it may also use another suitable framework such as FRS 102, depending on its circumstances. If the micro-entities regime is chosen, FRS 105 applies to the preparation of those accounts.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, the size conditions are generally: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. A company generally needs to meet at least 2 of these 3 applicable conditions, subject to the relevant rules and exclusions. Meeting the size conditions is only part of the picture, so eligibility should be reviewed carefully for the company’s particular situation.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the streamlined financial reporting standard for qualifying companies that choose the micro-entities regime. FRS 102 is a broader UK accounting framework used by many companies that are not applying the micro-entities regime, and it generally has more detailed recognition, measurement and disclosure requirements. The right framework depends on eligibility, the company’s activities, and the reporting choices available to it.

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

Where a company prepares FRS 105 Micro Entity Accounts, those accounts may need to be filed with Companies House as part of its annual accounts filing obligations, depending on the company’s circumstances. Accounts filing is separate from Corporation Tax filing and from the Confirmation Statement. Professional support can help prepare the accounts in the right format for the company’s chosen framework, but acceptance and filing outcomes are determined by the relevant authorities.

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

Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime. A Corporation Tax Return (CT600) is a separate submission made to HMRC for Corporation Tax purposes. The figures in the accounts may help inform the tax return, but the two serve different purposes and have their own filing requirements. Preparing FRS 105 accounts does not remove the need to consider Corporation Tax obligations separately.

Can a new limited company use FRS 105?

A new limited company may be able to use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies sometimes meet the size conditions in their first accounting period, but eligibility still depends on the applicable rules and exclusions. It is sensible to review the position before preparing the first set of accounts, especially if the company expects to grow or has more complex transactions.