─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Auchterarder

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK micro-entities which have chosen to use the micro-entities regime. If your company is based in Auchterarder and meets the relevant eligibility conditions, FRS 105 can offer a simpler, more streamlined basis for preparing your annual financial statements, with reduced disclosure requirements compared with larger reporting frameworks. Professional preparation helps ensure your accounts are put together appropriately for your company’s particular circumstances — reflecting the transactions, balances and accounting policies that actually apply to your business, rather than a generic template. It also helps you present your figures clearly and consistently, so that the accounts are useful to you, to HMRC where relevant, and to anyone else who relies on them. Because eligibility is not automatic and depends on your company’s size and other rules, it is worth reviewing your position before deciding whether FRS 105 is the right framework for your next set of accounts.

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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.
  
 
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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
  
 
      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.
  
 
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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
  
 
      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.
  
 
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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 how a qualifying micro-entity should prepare its annual accounts when it chooses to apply the micro-entities regime, and it allows for a much shorter and simpler set of financial statements than the frameworks used by larger companies. Instead of lengthy notes and detailed disclosures, FRS 105 accounts typically focus on the essentials: a balance sheet, a profit and loss account and a small number of supporting notes. The standard also takes a simpler approach in certain areas, for example by generally measuring assets at cost or a readily determinable value rather than allowing the wider range of accounting choices available under other frameworks. It is important to understand that the micro-entities regime is a choice. A company that qualifies may apply it, but it does not have to — some businesses prefer FRS 102, for instance where they need more detailed disclosure or where a lender or investor expects it. Where a qualifying company does decide to use the micro-entities regime, FRS 105 is the framework that applies. For a company in Auchterarder weighing up its options, understanding which regime fits best is usually the starting point for the whole accounts process.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and that decide to apply it. Qualifying is determined by size, but also by the wider eligibility rules and exclusions that apply to the regime — so the size conditions are necessary context, not the whole test. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 3 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. Meeting those conditions alone does not automatically guarantee that a company is eligible, and certain companies are excluded from the regime regardless of size. For a business in Auchterarder, the practical question is usually not just “do we meet the numbers?” but “is the micro-entities regime the right choice for us?” — taking into account who relies on the accounts and whether a fuller framework would serve the company better.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts starts with your company’s financial records — bookkeeping, bank transactions, sales and purchase information, payroll details, asset purchases and any relevant agreements. From there, the figures are brought together into financial statements prepared on the basis of the micro-entities regime and the applicable reporting requirements, which is where professional support tends to add the most value: making sure the treatment of items is consistent, that the presentation is appropriate for a micro-entity, and that the numbers reconcile to the underlying records. It is important to keep the different filing obligations separate. The financial statements themselves are generally filed with Companies House as part of your company’s annual accounts, whereas the Corporation Tax position is dealt with through a separate CT600 return submitted to HMRC, and the Confirmation Statement is a further, distinct filing. Preparing FRS 105 accounts does not by itself settle your Corporation Tax liability, and filing accounts is not the same as filing a tax return. Our role is to prepare your FRS 105 Micro Entity Accounts accurately and clearly based on the information you provide and the framework that applies to your company, while helping you understand how the various filings fit together.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Auchterarder

If you run a small company in Auchterarder and want to know whether FRS 105 is the right framework for you, or you simply want your micro-entity accounts prepared properly, we can help. Get in touch to talk through your FRS 105 Micro Entity Accounts requirements — your company’s activities, how it is structured, the period you need accounts for, and any changes since your last set of figures. Sharing your records and a little background information gives us what we need to assess your circumstances and explain the options available, so you can make an informed decision about how to proceed.

─── 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 prepares its annual accounts when it chooses to apply the micro-entities regime. The standard is deliberately simpler than FRS 102, with far fewer disclosure requirements, so the resulting financial statements are usually much shorter and more straightforward.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and that choose to apply the micro-entities regime. Qualifying is about size and about meeting the relevant rules and exclusions — it is not something every small company automatically satisfies. Meeting the size conditions alone does not guarantee eligibility, so it is worth checking your specific circumstances before deciding.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available option, not an obligation. A company that qualifies can choose to apply it, in which case FRS 105 applies, or it can prepare its accounts under a different framework such as FRS 102. Some businesses opt for a fuller framework because of lender, investor or group requirements.

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. Other eligibility rules and exclusions can also apply, so this is a starting point rather than a complete 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 and produce different levels of detail. FRS 105 is the streamlined micro-entities framework, while FRS 102 is used by a much wider range of businesses and involves more extensive disclosures and more accounting options. The choice affects how much information appears in your accounts.

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

FRS 105 accounts are the company's annual financial statements, and annual accounts are generally filed with Companies House. That filing is separate from your Corporation Tax obligations and from your Confirmation Statement, which are handled differently. It is worth understanding each obligation on its own terms rather than treating them as one exercise.

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

Yes. FRS 105 Micro Entity Accounts are prepared under an accounting and financial reporting framework, while a CT600 is a Corporation Tax return submitted to HMRC. They draw on similar financial information, but they serve different purposes, go to different bodies, and are not a substitute for one another.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 if it qualifies as a micro-entity and chooses the regime, but eligibility still depends on the applicable size conditions, rules and exclusions. In the first period, a company's figures can look different from a typical full year, so it is worth reviewing the position rather than assuming. What information is needed to prepare FRS 105 accounts? Your bookkeeping records, bank and card statements, sales and purchase information, payroll details, details of any assets purchased or sold, loan and lease agreements, and any relevant correspondence. The clearer and more complete your records, the more straightforward the preparation is likely to be.