─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bicester

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework designed for qualifying micro-entities that choose to apply the UK micro-entities regime. For directors of small limited companies in Bicester, that regime can offer a simpler, more streamlined set of financial statements, with reduced disclosure compared to larger reporting frameworks. Whether it is the right fit depends on your company’s size, its structure, its activities and whether any exclusions apply — eligibility is not automatic, and meeting the size thresholds alone does not always mean the regime is available. Professional preparation of FRS 105 Micro Entity Accounts helps ensure your financial statements are built up properly from your accounting records, presented in line with the applicable requirements, and consistent with the information you report elsewhere. If you are unsure whether FRS 105 suits your Bicester company, a short conversation about your circumstances is usually the quickest way to find out.

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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: The Reporting Framework Behind Micro-Entity Accounts

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In simple terms, it is the rulebook a qualifying company follows when it prepares micro-entity accounts — the smallest and most simplified set of statutory financial statements available to UK companies. It is a separate standard from FRS 102, which is used by many other small companies, and it comes with fewer disclosure requirements and a simpler measurement basis. The important point is that FRS 105 is not something a company is placed into automatically. A company must first qualify for the micro-entities regime, and then the directors must choose to apply that regime. Where the micro-entities regime is chosen, FRS 105 is the framework that applies to the financial statements. So the sequence is straightforward: qualify, choose, then report under FRS 105. Understanding where your company sits in that sequence is the foundation of getting your FRS 105 Micro Entity Accounts right, and it is something we can help you work through if you are based in or around Bicester.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and then choose to apply it. The size test is central to qualifying. 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. It is important to be clear that ticking those boxes does not, on its own, guarantee eligibility. The relevant rules include exclusions and other conditions, and certain companies are not able to use the regime regardless of size. There are also practical considerations beyond eligibility — for instance, whether a bank, investor or parent company needs more detailed information than micro-entity accounts provide. If you run a company in Bicester and want to know whether FRS 105 Micro Entity Accounts are likely to be available and suitable for you, the sensible approach is a proper review of your company’s position rather than a quick assumption based on turnover alone.

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 well starts with good records. We work from your bookkeeping, bank information, invoices, expense records and any other supporting documentation to build a set of financial statements that reflects your company’s actual position for the period. That means a balance sheet, the required notes, and the supporting schedules behind them, prepared with the micro-entity disclosure requirements in mind rather than a generic template. It is worth keeping two things clearly separate in your mind. First, the preparation of your financial statements under FRS 105 — the accounts themselves. Second, the filing of those accounts with Companies House, which is a company law obligation with its own format and submission process. Corporation Tax is separate again: a CT600 is a tax return submitted to HMRC, not part of your statutory accounts, even though the figures in each should tell a consistent story. Our role is to help you prepare and file accurately based on the information you provide and the reporting requirements that apply to your company. We do not claim that any filing is guaranteed to be accepted, and no external body reviews or approves accounts before they are submitted.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Bicester

If your Bicester company may qualify for the micro-entities regime, the next step is a straightforward conversation about your circumstances. Tell us about your company’s structure, its trading activity, your accounting records and where you are in the reporting cycle, and we can assess whether FRS 105 Micro Entity Accounts look like an appropriate route for you. We will also ask about anything that might affect eligibility, because the size conditions are only part of the picture. From there, you will get a clear view of what is involved, what information we need from you and how the process works, along with transparent, fixed-fee options where they suit your needs. No jargon, no pressure — just practical help with your FRS 105 Micro Entity Accounts.

─── 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 how micro-entity financial statements should be prepared, including the balance sheet and the limited notes that accompany it. It is deliberately simpler than the standards used by larger companies, with fewer disclosures and a more straightforward measurement basis, which is what makes it attractive to very small companies that want proportionate reporting.

Who can use FRS 105?

FRS 105 is available to companies that both qualify for the micro-entities regime and choose to apply it. Qualifying is not the same as being required to use it — the regime is optional. A company that qualifies may instead prepare accounts under a different framework if that better suits its circumstances, for example where a lender, investor or group parent needs more detail. Because eligibility depends on size conditions plus other rules and exclusions, it is worth confirming your position before committing to the framework.

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 meets the size conditions can choose to apply it and therefore report under FRS 105, or it can choose a different framework such as FRS 102. In practice, the choice often comes down to what the accounts are used for, whether anyone outside the company needs more detailed information, and how the directors prefer to present the company's position.

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. Meeting those conditions is a starting point rather than a guarantee. Other eligibility rules and exclusions can apply depending on what the company does and how it is structured, so the criteria should always be checked against your specific circumstances.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 105 is the micro-entity standard, with the lightest disclosure requirements and a simplified approach to measuring assets and liabilities. FRS 102 is used by a much wider range of companies and includes more detailed recognition, measurement and disclosure requirements — for example around financial instruments, deferred tax and certain fair value matters. Which one applies to your company depends on whether you qualify for and choose the micro-entities regime.

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

Yes — where a company prepares statutory accounts, those accounts generally need to be filed with Companies House, and that includes accounts prepared under FRS 105. Filing the accounts is a company law obligation and is separate from your tax affairs. The format and content of what is filed can differ from the full accounts prepared for the directors, so it is important to understand which version goes where.

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

Yes, they are two distinct things. FRS 105 accounts are the company's statutory financial statements, prepared under the micro-entities reporting framework and filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. They draw on the same underlying financial information but serve different purposes, go to different recipients and follow different rules, so both need to be handled properly.

What information is needed to prepare FRS 105 accounts?

Typically we need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales invoices and purchase records, details of any fixed assets and borrowings, payroll or employee information, stock or work-in-progress figures where relevant, and any prior-year accounts or filings. Directors' loan account movements and any intercompany balances should also be flagged. If some records are incomplete, tell us early — it is far easier to sort out gaps at the start than partway through preparing the financial statements.