─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Beckenham

FRS 105 Micro Entity Accounts in Beckenham are prepared under the financial reporting framework that applies to qualifying UK companies which choose to use the micro-entities regime. FRS 105 is not a service in itself and it is not automatic — it is an accounting framework a company can adopt when it meets the relevant eligibility conditions and decides that the micro-entities regime suits its circumstances. Once that choice is made, the company’s financial statements are prepared on the FRS 105 basis, which is a simplified framework designed around the needs of very small businesses. Professional preparation helps ensure the accounts are built accurately from your bookkeeping and records, reflect the transactions actually undertaken, and are presented in a way that is consistent with the framework you have chosen. It also helps you avoid the common pitfalls, such as mixing up the accounts with other filings or applying disclosures that do not belong in FRS 105 financial statements. If you run a small limited company in Beckenham and want to understand whether FRS 105 Micro Entity Accounts are the right fit, a conversation about your turnover, balance sheet and employee numbers is usually the sensible starting point.

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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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 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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 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 plain terms, it is a simplified accounting framework: it sets out how a qualifying micro-entity prepares its annual financial statements, including the balance sheet, the profit and loss account and the notes. FRS 105 sits alongside the wider UK micro-entities regime, which is the set of company law rules that allows the smallest companies to report in a more streamlined way than larger businesses. The important point is that FRS 105 is not imposed on every small company. A company first needs to qualify for the micro-entities regime under the relevant size and eligibility rules, and then it needs to choose to apply that regime. FRS 105 is the standard that applies when the micro-entities regime is used — so eligibility and choice go together. Because FRS 105 accounts are simpler than accounts prepared under a fuller framework, they can reduce the amount of disclosure and the level of detail required, which is often attractive to owner-managed businesses in Beckenham. At the same time, the framework still requires the figures to be accurate and the accounts to be prepared properly from your underlying records. Understanding where FRS 105 stops and where other obligations, such as Corporation Tax filings, begin is a key part of getting your reporting right.

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 — both elements matter. On the size side, 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 those conditions does not, on its own, guarantee eligibility. Other eligibility rules and exclusions can apply, and certain companies are restricted from using the regime regardless of their size. Qualifying is therefore a two-part question: does the company fall within the rules, and does it want to use the micro-entities regime? If the answer to both is yes, FRS 105 is the framework used for its financial statements. If a company qualifies but prefers a fuller reporting framework, it can choose not to apply the regime. For Beckenham-based owner-managed companies, the practical approach is to assess turnover, balance sheet total and employee numbers alongside the wider eligibility rules before deciding, rather than assuming that being a small business automatically means FRS 105 applies.

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

Preparing FRS 105 Micro Entity Accounts properly starts with your financial records. The figures in the financial statements need to be built from accurate bookkeeping, bank records, invoices, expense records and any other supporting information that shows what the company has earned, spent, owns and owes during the accounting period. From there, the accounts are prepared on the FRS 105 basis and presented in the format the framework expects for a qualifying micro-entity. It is worth keeping two separate things in mind. The first is the preparation of the financial statements themselves — the accounts that report your company’s position for the period. The second is filing those accounts with Companies House, which is a distinct step with its own requirements and deadlines. Both are different again from your Corporation Tax obligations: a CT600 is a separate Corporation Tax filing submitted to HMRC, and it is not the same thing as your FRS 105 accounts, even though the two are based on much of the same underlying information. Working with an experienced preparer helps you keep those strands clearly separated, so the accounts are consistent with your records and your wider filing responsibilities are not overlooked.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Beckenham

If you would like to talk through your FRS 105 Micro Entity Accounts, get in touch and we can look at your circumstances together. It helps if you can share some background first: your company’s accounting period, an idea of your turnover, the size of your balance sheet and your average number of employees, along with your bookkeeping records or a summary of your income and costs. From there we can discuss whether the micro-entities regime looks suitable for your company, what information is needed to prepare the accounts, and how the accounts sit alongside your other filing responsibilities. There is no obligation and no pressure — just a straightforward conversation about what your company needs and clear, transparent pricing for the work involved.

─── 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 is a simplified framework that sets out how a qualifying micro-entity prepares its annual financial statements, including the balance sheet, the profit and loss account and the notes. It applies when a company qualifies for the micro-entities regime and chooses to use it, rather than being a framework that every small company must follow.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and decide to apply it. Qualifying is not simply a matter of being small in a general sense — the company has to meet the relevant size conditions and must not fall within any of the applicable exclusions. Because eligibility depends on the specific rules and on your company's own circumstances, it is worth checking your position before assuming the regime applies to you.

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 still has a choice about whether to apply it. If the company chooses the micro-entities regime, FRS 105 is the standard used for its financial statements. If it chooses not to, accounts would be prepared under a different framework, most commonly FRS 102.

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 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 story — other eligibility rules and exclusions can apply, so the size tests alone do not guarantee that a company qualifies for the micro-entities regime.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the micro-entities framework and is considerably simpler, with reduced disclosure requirements. FRS 102 is the broader financial reporting standard used by a much wider range of companies, and it generally requires more detail and more disclosures. A company that does not qualify for, or chooses not to apply, the micro-entities regime would typically prepare its accounts under FRS 102 instead.

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

The financial statements prepared for a company's accounting period are separate from the filing step. Where accounts are prepared under FRS 105, filing them with Companies House is a distinct action with its own requirements, and it is not the same process as preparing the accounts in the first place. Filing obligations depend on your company's particular situation, so it is worth confirming what applies to you.

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

Yes, they are separate. FRS 105 relates to the accounting and financial reporting framework used for the company's financial statements. A CT600 is a Corporation Tax filing submitted to HMRC. The two are based on much of the same underlying financial information, but they are different documents prepared for different purposes and submitted to different bodies.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. Because a new company has no trading history, eligibility is usually assessed on its expected figures for the period. It is sensible to review this early, since the framework you expect to use can influence how you keep your records from the outset.

What information is needed to prepare FRS 105 accounts?

Typically you would need your bookkeeping records or a summary of income and costs, bank and credit card statements, details of any assets and liabilities, information about stock or work in progress where relevant, and details of any loans or director transactions. Having clean, complete records for the accounting period makes the preparation process smoother and helps keep the accounts consistent with what actually happened in the business.