─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Argyll

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK companies which choose to adopt the micro-entities regime. If your company is based in Argyll and meets the relevant size conditions, FRS 105 can offer a simpler, more streamlined basis for preparing your annual financial statements — typically involving a reduced set of primary statements and far fewer disclosure notes than larger reporting frameworks. Professional preparation helps ensure that the accounts reflect your actual financial records, that the presentation is consistent with the framework you have chosen, and that any decisions about eligibility, accounting policies or recognition are considered properly in light of your company’s specific circumstances. It is worth remembering that FRS 105 is not automatic: it is an available regime, and eligibility depends on the company meeting the applicable criteria and on the directors deciding that the micro-entities regime is right for them. Our role is to work through those points with you so your FRS 105 Micro Entity Accounts in Argyll are prepared on a considered, accurate basis.

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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: The Micro-Entities Reporting Framework

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In plain terms, it is a simplified accounting framework designed for the smallest companies, and it applies when a qualifying company chooses to use the micro-entities regime for its annual accounts. Where that regime is adopted, the company prepares micro-entity accounts — often referred to simply as FRS 105 accounts or FRS 105 financial statements — under rules that are intentionally more straightforward than those in FRS 102. The idea is to reduce the administrative and reporting burden on genuinely small businesses while still producing accounts that give a true and fair view in accordance with the framework. In practice, that usually means a shorter balance sheet, a simpler profit and loss position, and a much smaller set of notes, with certain measurement rules applied in a defined way. Because the regime is a choice rather than a default, directors need to consider whether their company qualifies and whether using it suits how they want their results presented. For directors across Argyll weighing up their options, FRS 105 Micro Entity Accounts can be an efficient route — provided eligibility and the practical consequences are understood before the accounts are finalised.

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. 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 size conditions is not the whole picture. The micro-entities regime carries its own rules and exclusions, and certain companies are not able to use it regardless of size — for example, where the company’s structure or the nature of its activities falls outside what the regime permits. There is also an important distinction between qualifying and choosing: a company that qualifies is not obliged to apply the regime, and some directors prefer a fuller framework for reasons of presentation, lending or group reporting. For businesses in Argyll, the practical approach is to review the company’s circumstances against the current criteria, confirm that no exclusion applies, and then decide whether FRS 105 Micro Entity Accounts are the right fit before the accounts are prepared.

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 with Accurate Financial Reporting

FRS 105 Micro Entity Accounts should be built directly from your company’s financial records — bank transactions, sales invoices, purchase records, payroll information, asset details and any other supporting documentation — and presented in line with the requirements of the framework you have chosen. The work typically involves reviewing the records for completeness, considering which accounting policies and measurement bases apply, and then producing a balance sheet and profit and loss position with the disclosures that FRS 105 requires. It is important to keep two separate obligations clearly in mind. Preparing and filing the financial statements with Companies House is one matter; meeting your Corporation Tax obligations to HMRC, normally through a Company Tax Return (CT600), is another. FRS 105 governs the accounting and reporting framework for the accounts — it does not replace, or stand in for, a CT600, and a CT600 is not itself part of the FRS 105 financial statements. Equally, the accounts are separate again from the Confirmation Statement and from any other statutory filings your company may have. We prepare FRS 105 Micro Entity Accounts for Argyll-based companies on the basis of the information provided, applying the framework as it applies to your circumstances — no guarantee of a particular outcome, but careful, methodical work designed to give you accounts that are properly reasoned and clearly presented.

ICAEW

ACCA

AAT

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

If you would like help with your FRS 105 Micro Entity Accounts, the best starting point is a straightforward conversation about your company. Tell us about your trading activity, your accounting period, your existing records and any changes during the year, and share the information we need to assess whether the micro-entities regime is likely to be available to you and how your accounts should be approached. From there we can explain what is involved, what we will need from you, and how the accounts fit alongside your other filing responsibilities, including your Company Tax Return and Confirmation Statement. Whether you are preparing micro-entity accounts for the first time, moving from another framework, or simply want a second pair of eyes on your reporting, get in touch and we will talk through your FRS 105 Micro Entity Accounts requirements in Argyll.

─── 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 that supports the micro-entities regime. It sets out how qualifying companies that choose that regime prepare their annual accounts, using a simplified framework with reduced disclosure requirements compared with larger reporting standards. When the micro-entities regime is applied, the resulting accounts are commonly described as FRS 105 accounts or FRS 105 financial statements.

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 plus a range of eligibility rules and exclusions, so it is not simply a question of turnover alone. Certain company types and circumstances are not eligible, which is why eligibility should be checked against your company's position rather than assumed.

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 following 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 a starting point rather than the end of the test — other rules and exclusions can affect whether the micro-entities regime is actually available to a particular company.

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 to apply it, in which case FRS 105 applies to the accounts. It is also possible for a qualifying company to prepare accounts under a different framework, so the decision is one for the directors to make with proper consideration of the consequences.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the streamlined framework used with the micro-entities regime, offering simpler presentation and far fewer disclosures. FRS 102 is a fuller framework used by a much wider range of companies, with more extensive recognition, measurement and disclosure requirements. Moving between the two is possible, but it affects how figures are presented and how much detail appears in the accounts.

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

Where a company prepares FRS 105 Micro Entity Accounts, those accounts form the basis of the annual accounts it must file at Companies House, subject to the filing requirements that apply to that company. Filing the accounts is a separate exercise from submitting a Company Tax Return, and it is also separate from the Confirmation Statement. Each has its own purpose and its own information requirements.

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

Yes, they are separate. FRS 105 is an accounting and financial reporting framework that governs how the annual accounts are prepared. A CT600 is a Corporation Tax filing submitted to HMRC to report the company's taxable position. The two are connected in the sense that the accounts inform the tax computation, but the CT600 is not part of the FRS 105 financial statements and is submitted to a different body.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 from its first accounting period, but only if it qualifies for the micro-entities regime and the directors choose to apply it. New companies sometimes have unusual first-period figures, so it is worth reviewing the position before the accounts are prepared rather than assuming the regime will apply.

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

Typically we need your bookkeeping or accounting records for the period, bank statements and reconciliations, details of sales and purchases, payroll information, any asset purchases or disposals, loan and finance agreements, and details of share capital and directors' transactions. It also helps to know your accounting period dates, whether anything unusual happened during the year, and whether this is your first set of accounts under the micro-entities regime.