─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bideford

FRS 105 Micro Entity Accounts are the streamlined financial statements produced under the micro-entities regime, and for many small companies in Bideford they offer a simpler, more proportionate way to report. FRS 105 sets out the financial reporting framework that applies when a qualifying company chooses to use the micro-entities regime, allowing for a shorter balance sheet, limited notes and a format that reflects the size and complexity of a genuinely small business. Eligibility is not automatic, and it is worth checking carefully: a company generally needs to meet at least 2 of the 3 applicable size conditions, and other rules and exclusions can also apply. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are put together appropriately for your company’s own circumstances, that the figures agree to your underlying records, and that the resulting financial statements are presented in the way the chosen framework expects. Whether you are trading as a small limited company in Bideford, contracting locally, or running a business from home, we can help you understand whether the micro-entities regime is the right fit and prepare your accounts on that basis.

🔥 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 Micro-Entities Regime in Plain English

FRS 105 is one of the financial reporting standards used in the UK, and it is the standard that applies to companies using the micro-entities regime. In simple terms, it is the rulebook that says how a very small company’s financial statements should be put together — what goes on the balance sheet, what minimal notes are needed, and how the profit and loss account is presented. The micro-entities regime is an optional accounting regime: a company that qualifies for it can choose to apply it, and when that choice is made, FRS 105 is the framework used to prepare the accounts. That is quite different from assuming every small company must or can use it. Companies that do not qualify, or that prefer a fuller level of disclosure, typically look at other frameworks such as FRS 102 instead. The appeal of FRS 105 Micro Entity Accounts is straightforward: less detail, fewer disclosures and a format that matches the scale of a small owner-managed business. For directors in Bideford, the practical questions are usually whether the company qualifies, whether the regime suits how the business is run and financed, and how the resulting financial statements fit alongside the rest of the company’s 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. It is a framework for genuinely small companies, and both parts of that sentence matter: qualifying is one thing, and choosing the regime is another. 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 two of those three conditions is a starting point, not a guarantee. There are additional eligibility rules and exclusions that can affect whether a company is able to use the micro-entities regime at all, and some entity types are excluded regardless of how small they are. Directors should also remember that the regime applies to the financial statements and does not change other obligations, such as filing a Confirmation Statement or dealing with Corporation Tax through a CT600. If you run a small company in Bideford and are unsure whether FRS 105 Micro Entity Accounts are appropriate, it is worth reviewing your turnover, balance sheet total and employee numbers alongside the wider eligibility rules before deciding.

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 with Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts starts with your financial records — bookkeeping, bank statements, sales and purchase information, payroll details, asset purchases and any loans or director balances. From there, the accounts are built up so that the figures are consistent, sensible and presented in the format the chosen framework calls for. Our role is to work from the information you provide, apply the applicable reporting requirements, and prepare financial statements that reflect your company’s transactions for the period. It is worth being clear about how the pieces fit together: the preparation of the financial statements and any subsequent Companies House filing are one strand of work, while Corporation Tax is a separate obligation, generally dealt with through a Company Tax Return (CT600) submitted to HMRC. Meeting one of those requirements does not automatically satisfy the others, and the figures used for each need to be considered on their own terms. For Bideford companies, we aim to make the process straightforward — explaining what is needed, flagging anything that looks unusual or incomplete in the records, and preparing FRS 105 Micro Entity Accounts that are clear, internally consistent and appropriate for the framework being applied.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Bideford

If you would like help with your FRS 105 Micro Entity Accounts, get in touch and tell us a little about your company. It helps to know your accounting period dates, what the business does, roughly how it is structured and financed, and whether you have already been preparing accounts under a particular framework. From there we can discuss whether the micro-entities regime looks suitable for your circumstances, what information we would need from your records, and how your FRS 105 Micro Entity Accounts would sit alongside your other filing responsibilities, including Corporation Tax. There is no obligation and no jargon — just a practical 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 that applies to companies using the micro-entities regime. It is designed for genuinely small companies and permits a simplified balance sheet, a simple profit and loss account and only limited disclosures. Put simply, it is the accounting framework you follow if your company qualifies for the micro-entities regime and chooses to apply it.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. Qualification is based on the size criteria plus the relevant rules and exclusions — for example, certain types of company and certain entities are excluded regardless of size. Meeting the size thresholds alone does not guarantee eligibility, so it is worth checking your company's position rather than assuming.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A qualifying company can choose to apply it and use FRS 105, or it can choose a different framework such as FRS 102. The right choice often depends on the level of disclosure the directors want, how the company is financed, and whether anyone relying on the accounts needs more detail.

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. Other eligibility rules and exclusions can also apply, so satisfying two of the three conditions is the starting point rather than the whole test.

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 the micro-entities standard, offering the most simplified presentation and minimal disclosure. FRS 102 is the broader standard used by small and larger entities, and it generally requires more disclosures and more detailed accounting treatment. A company that does not qualify for, or does not choose, the micro-entities regime would usually look to FRS 102 or another applicable framework.

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

Where a company prepares FRS 105 Micro Entity Accounts, those financial statements normally form the basis of the accounts it delivers to Companies House as part of its annual filing obligations. Filing accounts and filing a Confirmation Statement are separate requirements, and both can apply to the same company. The accounts you file need to be prepared in line with the framework you have chosen and be consistent with your underlying records.

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

Yes, they are separate. FRS 105 Micro Entity Accounts are the financial statements prepared under the accounting framework, while a Company Tax Return (CT600) is the Corporation Tax filing submitted to HMRC. The two are related in that they start from the same trading results, but they serve different purposes, go to different recipients and follow different rules. Preparing the accounts does not itself file or settle the company's Corporation Tax position.

What information is needed to prepare FRS 105 accounts?

Typically we would need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase information, payroll and employee details where relevant, details of any assets bought or sold, and information on loans, director balances and share capital. Bank and other balances at the period end should be confirmed. If anything is missing we will let you know, and we can work with you to fill the gaps so the accounts are built on a complete picture.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105, but it depends on whether it qualifies for the micro-entities regime in its first accounting period and whether the directors choose to apply it. A first period may be shorter or longer than twelve months, which can affect how the size conditions are assessed. It is worth reviewing this early, before the first set of accounts is due, so the framework is settled in good time.

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

Filing requirements and the way accounts are submitted to Companies House have been evolving, and software-based filing is becoming more central to the process. Because the details and timings of these changes can be updated, the most reliable approach is to check the current position with Companies House or HMRC guidance, or ask us when we discuss your FRS 105 Micro Entity Accounts. We will prepare your accounts in line with the framework that applies to your period.