─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ardross

FRS 105 Micro Entity Accounts in Ardross are prepared under the financial reporting framework that applies to companies which qualify for the UK micro-entities regime and choose to use it. FRS 105 is a distinct, simplified reporting standard, so it is not automatically the right fit for every small company — eligibility depends on the size criteria and on whether any of the relevant exclusions apply. Professional preparation helps ensure that the accounts reflect your company’s actual circumstances, that the disclosures included are those required under the micro-entities regime, and that the figures are consistent with the underlying accounting records. It also helps you present a clear, consistent set of FRS 105 financial statements that supports your wider company filing obligations, without treating the accounts and your Corporation Tax position as though they were the same thing.

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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 
    
 
 
 
   
 
 
       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

What Is FRS 105? The Micro-Entities Regime Explained

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits alongside the micro-entities regime, which is an accounting framework that qualifying companies can choose to apply instead of a fuller standard such as FRS 102. In plain terms, FRS 105 allows a simpler set of financial statements: a straightforward balance sheet, a small number of notes, and a profit and loss account that does not have to be filed at Companies House in the same way as a fuller set of accounts. It also takes a simpler approach to measuring items, which can reduce the amount of accounting adjustment needed at year end. The important point is that using FRS 105 is a choice available to qualifying companies, not something that happens automatically. A company must first meet the eligibility conditions for the micro-entities regime, and FRS 105 applies when that regime is the one selected for the accounting period. For a business in Ardross, understanding which regime applies is often the starting point for deciding how the year-end accounts should be prepared.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Qualification is based on size, and for accounting periods beginning on or after 6 April 2025 a company generally needs to meet at least two of three applicable 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 size conditions are not the whole picture. Other eligibility rules and exclusions can apply — for example, certain types of entity and certain group situations may fall outside the regime — so meeting two of the three conditions does not automatically mean that FRS 105 is available, and it certainly does not mean a company must use it. The regime is a choice, and it is worth reviewing whether it suits your circumstances, particularly if you have lenders, investors or a parent company that expect fuller reporting. For companies in Ardross that do qualify and opt in, FRS 105 Micro Entity Accounts can offer a simpler and more proportionate way to report.

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

Our approach to FRS 105 Micro Entity Accounts in Ardross starts with your financial records. We work from the bookkeeping, bank information, sales and purchase records, asset details and any other supporting documents you provide, and use them to build a set of FRS 105 financial statements that is consistent with the framework and with your company’s circumstances. That includes considering whether the micro-entities regime is appropriate for the period in question, and flagging where a different framework may be more suitable. It is important to keep the different obligations separate: preparing and filing financial statements with Companies House is one requirement, while a Corporation Tax Return (CT600) is a separate submission made to HMRC, based on the company’s tax position rather than on the accounts alone. Equally, a Confirmation Statement is a separate filing again, and is not part of the accounts. While we take care to prepare accounts accurately and in line with applicable reporting requirements, no one can guarantee a particular filing outcome or acceptance, so we focus on doing the work properly and explaining the basis on which the accounts have been prepared.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Ardross

If you run a small company in Ardross and want to know whether FRS 105 Micro Entity Accounts are the right route for you, get in touch and we will talk it through. Tell us about your company — what it does, how long it has been trading, roughly what its turnover, balance sheet total and employee numbers look like, and whether it is part of a group or has any unusual arrangements. Share your records, previous accounts and any relevant correspondence, and we can assess your circumstances and explain the options available to you. From there, we can confirm how your FRS 105 accounts would be prepared, what you will need to provide, and how the accounts fit alongside your other company filing obligations.

─── 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 a qualifying company that has chosen to apply the micro-entities regime prepares its annual financial statements, including the balance sheet, the profit and loss account and the limited notes that accompany them. It is a standalone standard, distinct from FRS 102, and is designed to keep reporting simple for the smallest companies.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualification is based on size criteria, and a company generally needs to meet at least two of three applicable 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. Certain rules and exclusions can also apply, so meeting the size criteria does not by itself guarantee that the regime is available.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework rather than a mandatory one. A company that qualifies can choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer a fuller framework such as FRS 102, for example because of a lender's requirements, group reporting needs or the level of disclosure they want to provide.

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 two of three applicable 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 size conditions only, and the wider rules and exclusions that sit around the micro-entities regime still need to be considered before concluding that FRS 105 is available.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a fuller financial reporting standard used by a much wider range of companies, and it generally involves more detailed measurement rules and more extensive disclosures. FRS 105 is a simplified standard written specifically for micro-entities that have chosen the micro-entities regime. In practice, FRS 105 accounts tend to be shorter and more straightforward, while FRS 102 accounts typically provide more information to readers such as lenders or investors.

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

Where a company prepares accounts under FRS 105, those accounts normally form the basis of the annual accounts filing with Companies House, although the micro-entities regime permits a simplified version to be filed, and certain items such as the profit and loss account are not required to be included in the filed copy. Filing accounts with Companies House is a separate obligation from anything submitted to HMRC, and the requirements that apply depend on your company's own circumstances and filing history.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the accounting framework. A CT600 is a Corporation Tax Return submitted to HMRC, which deals with the company's tax position rather than with the accounts themselves. The two are related because the accounts inform the tax computation, but they are distinct documents with different purposes, different submission routes and different deadlines.

What information is needed to prepare FRS 105 accounts?

Typically we would ask for your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, details of any assets owned by the company, loan and hire purchase agreements, stock or work in progress figures where relevant, and details of any directors' loans or other balances owed to or by the company. Previous year's accounts, a trial balance if you have one, and any relevant correspondence also help. The exact list depends on how your company operates.