─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Belmont

FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime — the simplest accounting framework available under UK GAAP for companies that qualify for it and choose to apply it. If your company in Belmont is considering FRS 105 Micro Entity Accounts, the starting point is a proper review of your circumstances: whether you meet the size conditions for the regime, whether any exclusion applies, and whether the framework genuinely suits how your business operates. Professional preparation can help make sure your FRS 105 accounts are built from accurate records, presented in the required format, and supported by the disclosures that the framework expects, so the figures you report reflect your company’s position as clearly as possible. It is a decision that should be made deliberately rather than by default, and we are happy to talk it through.

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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.
  
 
      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 for Micro-Entities

FRS 105 is the financial reporting standard that sits within the UK’s micro-entities regime, and it is the least complex option available when preparing statutory accounts under UK GAAP. In plain terms, it is a simplified accounting framework: certain assets and liabilities are measured on straightforward bases, there is far less disclosure than under larger frameworks, and the accounts typically focus on a small number of core statements. The important point is that FRS 105 is not something a company applies automatically — the micro-entities regime is an accounting regime that qualifying companies may choose, and FRS 105 is the standard that applies when that choice is made. If a qualifying company instead prefers a different framework, FRS 102 may be relevant. For a Belmont company weighing up FRS 105 Micro Entity Accounts, the framework can mean simpler financial statements and a lighter reporting burden, but it still needs to be prepared correctly and consistently from year to year.

Who Can Use FRS 105 in the UK?

FRS 105 is designed for companies that qualify for the UK micro-entities regime and choose to apply it — the size test is a starting point, not a guarantee. 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. On top of the size criteria, other rules and exclusions apply, and certain companies are prevented from using the regime regardless of their size. That is why eligibility should be assessed against your company’s actual circumstances and confirmed for each accounting period, rather than assumed. If you are unsure whether your Belmont company can use FRS 105 Micro Entity Accounts, we can review the position with you and explain what it means for your reporting and filing.

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

Good FRS 105 Micro Entity Accounts start with good records. We work from the information your company holds — bookkeeping, bank records, invoices, payroll details and any supporting schedules — and prepare the financial statements in line with the requirements that apply to the micro-entities regime. That means confirming the figures agree to your underlying records, keeping the presentation consistent with the framework, and flagging anything that needs your attention before the accounts are finalised. It is worth being clear about the different pieces of the puzzle: preparing FRS 105 accounts is an accounting and reporting exercise, filing those accounts with Companies House is a separate company filing obligation, and a Corporation Tax Return (CT600) is a further, distinct submission made to HMRC. We can help with each of these areas so you know what is being filed, where, and on what basis, and can answer questions about your particular circumstances as they arise.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts

If you would like support with FRS 105 Micro Entity Accounts in Belmont, the best next step is a straightforward conversation. Tell us a little about your company — what it does, when your accounting period runs, roughly how it is trading, and what records you already keep — and we can look at whether the micro-entities regime is likely to be available and appropriate for you. From there, we will let you know what information we need to prepare your accounts and explain how the work fits alongside your other filing responsibilities. There is no obligation and no jargon, just a clear discussion about your options and clear, transparent pricing before any work begins.

─── 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 is the simplest framework available under UK GAAP, with reduced measurement options and far fewer disclosures than the standards used by larger companies. When a qualifying company chooses the micro-entities regime, FRS 105 is the standard its statutory accounts are prepared under — that is what is meant by FRS 105 Micro Entity Accounts.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and decide to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of these 3 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 tests is not the whole story — other eligibility rules and exclusions can apply, and some companies are not permitted to use the regime at all. It is worth checking your position before assuming FRS 105 is available.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies may choose to apply it, in which case FRS 105 sets the framework for its accounts, or it may instead prepare accounts under a different framework such as FRS 102. The choice can affect how figures are measured and how much is disclosed, so it is usually worth considering the longer-term implications rather than deciding year by year on convenience alone.

What is the difference between FRS 105 and FRS 102?

Both sit within UK GAAP, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard: it is deliberately pared back, with simplified measurement and minimal disclosure. FRS 102 is the standard used more widely, including by small companies that do not use the micro-entities regime, and it offers more accounting options and requires more disclosure. In practice, FRS 105 suits companies that want the lightest possible reporting framework, while FRS 102 can be more appropriate where a company needs greater flexibility or where its circumstances do not fit the micro-entities regime.

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

Yes — a company's statutory accounts are filed at Companies House, and that obligation is separate from how the accounts are prepared. Filing the accounts is one company filing obligation; a Corporation Tax Return is another, and the two are handled differently. Because reporting requirements for small and micro-entity companies have been changing, it is sensible to check the current filing requirements for your period before you submit.

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

Yes. FRS 105 Micro Entity Accounts are the statutory financial statements, prepared under the micro-entities regime and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and work out the tax due. They are prepared from the same underlying records but serve different purposes, go to different bodies, and follow different rules — so completing one does not take care of the other.

Can a new limited company use FRS 105?

A newly incorporated company is not automatically a micro-entity, but it can qualify for the regime in its first accounting period if it meets the relevant size conditions and no exclusion applies. In the first period, the tests are usually looked at on the basis of the figures for that period, and the position should be reviewed again for each subsequent year. If you are setting up a Belmont company and expect to stay small, it is worth planning your bookkeeping and reporting with FRS 105 in mind from the outset.

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

Typically we need your accounting records for the period, including sales and purchase information, bank and cash records, details of any assets and liabilities, payroll and employee numbers, plus any loans, director transactions or share information. If your records are maintained in accounting software, we can often work directly from that. Once we can see what you hold, we will confirm exactly what is required, and anything that needs tidying up before the accounts are prepared.