─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bexley

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime, and our Bexley-based service is built around that specific regime rather than general accounting. FRS 105 is the standard that applies when a company qualifies for the micro-entities regime and decides to use it, which allows a simpler, more streamlined set of financial statements than larger frameworks require. Professional preparation helps ensure those accounts are put together appropriately for your company’s individual circumstances — its trading activity, its accounting records, its balance sheet position and the disclosures that are (and are not) required under FRS 105. It also helps that the figures presented are consistent, sensibly presented and prepared with the filing requirements of the micro-entities regime in mind, so directors in Bexley and the surrounding area can approach their year-end reporting with confidence rather than uncertainty.

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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: What It Means for Your Micro-Entity

FRS 105 is the UK financial reporting standard that sits alongside the micro-entities regime. In plain terms, it is the rulebook used to prepare the annual financial statements of a company that qualifies as a micro-entity and has chosen to apply that regime. Because micro-entities are the smallest category of company in the UK reporting framework, FRS 105 is deliberately lighter than FRS 102: it allows a simpler balance sheet and profit and loss account, it does not require the same volume of notes, and it is designed to present a straightforward, understandable picture of the company’s financial position. The important point is that the micro-entities regime is a choice, not an obligation — a qualifying company can apply it, and if it does, FRS 105 is the standard that governs the accounts. Companies that prefer a fuller set of financial statements, or that need to present information in a way FRS 105 does not permit, would generally look at FRS 102 instead. Understanding which framework suits your business is the first practical step towards tidy, well-prepared FRS 105 Micro Entity Accounts.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and actively choose to apply it. Two things have to line up: the company must meet the eligibility conditions, and the directors must decide to adopt the regime. For accounting periods beginning on or after 6 April 2025, the size test generally requires a company to meet at least 2 of the 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 numbers is a strong indicator, but it is not the whole test. The micro-entities regime carries its own rules and exclusions, and some entity types or circumstances are not eligible at all, or are eligible only in restricted situations. Investment companies and certain other entities, for example, are treated differently, and the position can change if a company’s activity or structure changes during the year. That is why we assess eligibility case by case rather than treating the size thresholds as an automatic passport into the regime. If your company is in or around Bexley and you want to understand whether FRS 105 Micro Entity Accounts are likely to be appropriate for your next set of accounts, a short review of your figures, your structure and your plans is the most reliable way to find out.

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 in Bexley

Our approach to FRS 105 Micro Entity Accounts starts with your underlying financial records — bookkeeping, bank transactions, sales and purchase information, payroll and any asset or liability details — and builds them into financial statements prepared under the FRS 105 framework, as chosen by the directors. We look at the entity’s circumstances to confirm how the figures should be presented, then prepare the accounts so they are internally consistent and clearly set out for the reader. It is worth being explicit about the sequence of filing obligations, because they are often confused: the preparation and filing of FRS 105 financial statements with Companies House is a separate exercise from the Corporation Tax position. A CT600 Corporation Tax Return is submitted to HMRC and is not the same document as your FRS 105 accounts, and a Confirmation Statement is a further, distinct filing. We handle the accounts preparation and the Companies House filing element, and we can coordinate that work with the tax side of things so the numbers you report in each place are consistent with one another. What we cannot do is guarantee any particular outcome, and nobody can promise acceptance of a filing in advance — what we can do is prepare the accounts carefully, on the basis of the information provided, in line with the applicable reporting requirements.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If your company may qualify for the micro-entities regime and you are considering FRS 105 Micro Entity Accounts, the sensible next step is a straightforward conversation about your circumstances. Tell us about your company — what it does, when your accounting period runs, roughly what size it is in terms of turnover, balance sheet total and employees, how your records are currently kept, and whether you have filed accounts before. From there we can discuss whether the micro-entities regime looks appropriate for you, how the accounts would be prepared, what information we would need from you, and how the accounts preparation fits alongside your other filing obligations such as the CT600 and your Confirmation Statement. We keep our pricing clear and transparent, with fixed-fee options available, so there are no surprises along the way. Get in touch with our Bexley team to discuss your FRS 105 Micro Entity Accounts requirements and take the next step with someone who works with this framework every day.

─── 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 which qualify for the micro-entities regime and choose to use it. It is a simplified framework compared with FRS 102, allowing a shorter balance sheet and profit and loss account with substantially fewer notes. It is the accounting standard behind FRS 105 Micro Entity Accounts.

Who can use FRS 105?

FRS 105 is intended for companies that qualify as micro-entities under the UK micro-entities regime and decide to apply that regime. Qualifying under the size criteria is only part of the picture — certain entity types and circumstances are excluded or restricted, so eligibility needs to be assessed for your specific company rather than assumed from size alone.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available regime rather than a mandatory one. A company that qualifies may choose to apply it, and FRS 105 applies when that choice is made. A qualifying company could instead prepare its accounts under FRS 102 if that better suits its circumstances.

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, balance sheet total of no more than £500,000, and an average of no more than 10 employees. Other rules and exclusions can also affect eligibility, so meeting the size conditions alone does not automatically mean the regime applies.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting frameworks, but they differ in complexity. FRS 105 is the micro-entity standard and permits a much simpler set of financial statements with limited disclosures. FRS 102 is a fuller framework used by larger or more complex entities, and it requires more detailed presentation and notes. Choosing between them is about which regime the company qualifies for and decides to adopt.

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

Yes — the financial statements prepared under the chosen regime are filed at Companies House as the company's annual accounts. This filing is a separate obligation from anything submitted to HMRC, and it is also separate from the Confirmation Statement, which is a distinct annual filing covering company details rather than financial results.

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

Yes, completely separate. FRS 105 accounts are the company's statutory financial statements, prepared under the micro-entities regime and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC. The figures in each should be consistent, but they are different documents with different purposes and different recipients.

Can a new limited company use FRS 105?

A newly incorporated company can apply the micro-entities regime if it qualifies and chooses to do so, including in its first accounting period. In practice this often means a short first period, which is worth planning for. We would look at your specific circumstances — trading status, income and structure — before confirming which framework is likely to be appropriate.

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

Typically we need your bookkeeping or accounting records, bank statements, sales and purchase details, payroll information, details of any assets and liabilities, and the previous year's accounts if there are any. Knowing your accounting period dates and the nature of your business activities also helps us prepare the financial statements accurately and on time.

What changes are coming to micro-entity accounts filing?

The UK filing landscape for small and micro-entities is evolving, with a shift towards filing accounts in a more structured, digital format, and the size thresholds applying to the micro-entities regime have themselves been updated for periods beginning on or after 6 April 2025. Because the detail matters, we would rather talk you through what applies to your company's specific period than rely on a general summary.