─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Ashford Hill

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities which choose to apply the UK micro-entities regime. If your company is based in Ashford Hill and meets the relevant eligibility conditions, FRS 105 accounts can provide a simplified and proportionate way to report your financial position, with financial statements that are shorter and less detailed than those prepared under other frameworks. Professional preparation helps ensure your accounts are built correctly from your underlying records, reflect your company’s own circumstances, and are presented in line with the applicable reporting requirements. It also gives you the opportunity to ask questions about what the figures mean for your business, rather than simply filing a set of numbers. Eligibility is not automatic, so a review of your company’s size, structure and any relevant exclusions is a sensible first step before the micro-entities regime is adopted.

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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 written specifically for micro-entities. In simple terms, it sets out the rules for how a very small company prepares its annual financial statements when it chooses to apply the micro-entities regime. Because the framework is designed around simplicity, it generally allows for a more streamlined balance sheet and profit and loss account, with far fewer notes than larger companies produce, and it does not require the same level of disclosure that frameworks such as FRS 102 demand. It is important to understand that FRS 105 is an accounting and financial reporting framework, not a tax return. Choosing the micro-entities regime affects how your accounts are drawn up and filed, while your Corporation Tax position is dealt with separately through a CT600. Qualifying companies are not obliged to use the regime — it is a choice — but where that choice is made, FRS 105 is the standard that applies to the accounts. For a director in Ashford Hill running a small limited company, understanding this distinction is often the first step towards filing with confidence.

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

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. If your company is in Ashford Hill and operates well within those levels, the regime may be relevant — but the size conditions are only part of the assessment. The rules include further eligibility requirements and exclusions, and some companies are prevented from applying the regime regardless of their size, for example where certain types of entity or group structure are involved. Meeting the thresholds therefore does not automatically guarantee eligibility, and a company cannot assume it is a micro-entity purely because it is small. A short review of your company’s legal form, ownership, group relationships, turnover, balance sheet total and headcount gives a much clearer answer, and it is best done before the accounts preparation begins so the framework is settled from the outset.

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

Well-prepared FRS 105 Micro Entity Accounts start with accurate records. We work from your bookkeeping, bank information, invoices and other supporting documentation to build financial statements that reflect what has actually happened in your company during the period. The accounts are then presented in accordance with the micro-entities regime and the applicable reporting requirements, with the disclosures FRS 105 expects and nothing that would add unnecessary complexity. Alongside the preparation of the financial statements, we can help you understand the separate filing steps that follow. Filing accounts with Companies House and submitting a Corporation Tax Return (CT600) to HMRC are distinct obligations with distinct deadlines and distinct formats, even though they draw on the same underlying figures. We can support you across both, so you know which document goes where and why. Nothing here guarantees a particular filing outcome or any form of regulatory approval, but careful, methodical preparation gives you the best foundation for meeting your obligations.

ICAEW

ACCA

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Get Help with Your FRS 105 Micro Entity Accounts in Ashford Hill

If you would like support with your FRS 105 Micro Entity Accounts, the best place to start is a conversation. Tell us about your company — what it does, how it is structured, roughly how it has traded during the period, and whether you have already decided to apply the micro-entities regime. It also helps to have your records to hand, such as bookkeeping entries, bank statements, sales and purchase information, payroll details and any previous accounts. With that information we can assess your circumstances, explain how FRS 105 would apply to your company, and set out the options clearly, including straightforward, transparent pricing. There is no obligation to proceed, and no pressure to make a decision before you have had your questions answered. Whether you are filing for the first time or looking for a more reliable approach this year, we are happy to talk through your requirements and help you move forward.

─── 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 explains how a qualifying company that chooses to apply the micro-entities regime prepares its annual financial statements, and it is deliberately simpler than the frameworks used by larger businesses, with a streamlined balance sheet, profit and loss account and a much shorter set of notes. It is an accounting framework rather than a tax return, so it governs how your accounts are drawn up and filed at Companies House, not how your Corporation Tax is calculated.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Qualifying depends on size, measured against the applicable conditions, and on whether any relevant exclusions apply to your company or group. Because eligibility is not automatic and the rules include detail beyond headline thresholds, the sensible approach is to review your company's specific position rather than assume the regime applies simply because the business is small.

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 can choose to apply it, and where that choice is made FRS 105 is the standard used to prepare the accounts. Some qualifying companies prefer a different framework, often because of the way they are financed, the disclosures their lenders or investors expect, or the way they wish to present their results. Choosing the micro-entities regime is a decision that should be made with your circumstances in mind.

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 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 2 of the 3 is the usual starting point, but other rules and exclusions can affect whether a company actually qualifies, so the size conditions should be treated as part of the picture rather than the whole answer.

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 simpler micro-entities framework, with reduced disclosures and a more compact set of financial statements. FRS 102 is a fuller framework used by a much broader range of companies, requiring more extensive accounting treatments and notes, including areas such as deferred tax and certain financial instruments. Moving between the two is possible, but it affects how the accounts are prepared, so it is worth planning rather than leaving to the last minute.

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

Yes — where a company prepares FRS 105 Micro Entity Accounts, those accounts form the basis of its annual accounts filing with Companies House. A qualifying company may be able to file a simpler set of accounts than larger companies, but the filing obligation itself still applies. It is worth noting that Companies House filing and HMRC Corporation Tax filing are separate processes with separate requirements, even though they are based on much of the same information.

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

Yes, they are separate. FRS 105 governs how your financial statements are prepared and presented under the micro-entities regime. A CT600 is the Corporation Tax Return submitted to HMRC, which calculates the tax your company owes and is filed through HMRC's own systems, not Companies House. Because the two use overlapping but not identical figures — for example, tax adjustments may be made to the accounting profit — it is worth preparing them together so the numbers are consistent and the reasons for any differences are clear.

Can a new limited company use FRS 105?

It can be possible, but it depends on the company's circumstances rather than on the fact that it is new. A newly incorporated company has no trading history, which affects how the size conditions are assessed, and start-up costs or initial investment can influence the balance sheet total. Some new companies also face restrictions based on their activities or group structure. The practical step is to look at the company's own position and any first-period considerations, and to confirm the framework before the accounts are prepared rather than after.