─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Beccles

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework designed for qualifying micro-entities that choose to apply the micro-entities regime. If your company is based in Beccles and meets the relevant size and eligibility conditions, FRS 105 can offer a simplified route to producing statutory financial statements, with reduced disclosure compared with larger reporting frameworks. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your actual trading activity, your accounting records and the reporting requirements that apply to your circumstances. It also means the figures in your accounts are approached consistently from one year to the next, which matters if you later need to compare results, support a lending application or discuss your position with an accountant. Eligibility is not automatic, so the starting point is always a review of your company’s size, structure and any exclusions that may apply before FRS 105 is confirmed as the right framework.

🔥 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 Reporting Framework for Qualifying Micro-Entities

FRS 105 is the UK financial reporting standard that sits alongside the micro-entities regime. In simple terms, it is a set of accounting rules written for the smallest companies, allowing them to prepare financial statements in a more streamlined way than the fuller frameworks used by larger businesses. When a qualifying company chooses to apply the micro-entities regime, FRS 105 is the standard that applies to its accounts. The result is a shorter, simpler set of financial statements, typically covering a balance sheet, a profit and loss account and a small number of notes, rather than the extensive disclosures required elsewhere. For a Beccles-based company, that can mean accounts that are quicker to prepare and easier to read, while still showing a true picture of the business. Choosing the micro-entities regime is a decision rather than a default, and it should be made with an eye on your company’s size, its plans and any other reporting needs, including how the accounts interact with your wider tax and filing obligations.

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. Size is the main consideration. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 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. Importantly, meeting the size conditions does not by itself confirm eligibility, because other rules and exclusions can apply depending on the company’s structure, what it does and its reporting history. Certain entities are excluded from the regime regardless of size, and the position can also be affected by whether the company is part of a group or has particular types of arrangement in place. For a Beccles company, the sensible approach is to check the criteria against your actual figures and circumstances, then decide whether applying the micro-entities regime and preparing FRS 105 Micro Entity Accounts is the right choice for the year.

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

Preparing FRS 105 Micro Entity Accounts starts with your underlying financial records: bookkeeping, bank transactions, sales and purchase information, payroll details and any asset or liability balances. From there, the figures are organised into a balance sheet and profit and loss account drawn up under FRS 105, with the notes and disclosures appropriate to a qualifying micro-entity. This is a separate exercise from your Corporation Tax position — the accounts are the financial statements, while a CT600 is the Corporation Tax Return submitted to HMRC, and the Confirmation Statement is a further, distinct filing. Filing your accounts with Companies House is also a separate step from submitting a CT600. Having FRS 105 Micro Entity Accounts prepared carefully helps ensure your records are presented consistently and that the figures used for reporting purposes are supported by the information you hold. If your circumstances change — a jump in turnover, a new subsidiary, an additional shareholder or a different year end — the framework that suits you may need revisiting, and that is something worth reviewing before the accounts are finalised.

ICAEW

ACCA

AAT

Speak to Us About Your FRS 105 Micro Entity Accounts in Beccles

If you would like help with FRS 105 Micro Entity Accounts for your Beccles-based company, get in touch to talk through your position. We can review your company’s size, structure and reporting history to assess whether the micro-entities regime is likely to be available to you and whether FRS 105 is the most suitable framework for your circumstances. It helps to have your latest trial balance, bank statements, details of any assets or loans, and information about your turnover and employee numbers to hand. From there, we can explain the options clearly and outline how your accounts would be prepared, so you can decide with confidence how you wish 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 that applies to companies using the micro-entities regime. It sets out simplified accounting and disclosure requirements, allowing qualifying companies to prepare shorter financial statements than the fuller frameworks used by larger businesses. It typically covers a balance sheet, a profit and loss account and a small number of notes.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. Qualifying depends on meeting the relevant size conditions as well as any other eligibility rules and exclusions. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 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 the size conditions alone does not always guarantee eligibility, so the rules should be checked against your company's specific situation.

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 its accounts. Some qualifying companies instead prepare accounts under a fuller framework such as FRS 102, for example because of the way the owners use the financial statements or because of arrangements the company has in place.

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 a highly streamlined standard for qualifying micro-entities, with limited disclosure. FRS 102 is a fuller framework used by many larger small companies, covering more areas of accounting in greater depth, including additional fair value and measurement options and considerably more disclosure. The framework you use affects how certain items are measured and how much information appears in the notes.

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

Yes, the accounts themselves are statutory financial statements and are filed with Companies House under the normal company reporting requirements, subject to the rules and any available exemptions that apply to your company. This filing is separate from your Corporation Tax Return (CT600), which goes to HMRC, and separate again from your Confirmation Statement. Each has its own purpose and its own submission.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105 in its first accounting period if it qualifies for the micro-entities regime and chooses to apply it, but this is not automatic. First-year accounts can include items that need particular attention, such as incorporation costs, share capital, directors' loans and any pre-trading expenses, so the position should be reviewed before the framework is confirmed.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, while a CT600 is the Corporation Tax Return submitted separately to HMRC. Although the two are connected in the sense that the accounts usually inform the tax calculations, they are different documents with different purposes, different submission routes and potentially different deadlines.

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

As a starting point, your bookkeeping records or a trial balance, bank statements for the period, sales and purchase information, payroll and employee details, and records of any assets, loans or lease arrangements. Details of share capital, director transactions and any amounts owed to or by the company are also useful. Providing complete records makes it easier to prepare accounts that properly reflect your trading activity.

Are there changes coming to how micro-entity accounts are filed?

Company filing requirements do evolve over time, and the way accounts are submitted to Companies House has been moving towards digital filing. Rather than relying on second-hand summaries, it is worth checking the current position for your own filing dates and confirming the accepted filing method before you submit. We can talk through what applies to your company when your accounts are being prepared.