─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Billingham

FRS 105 Micro Entity Accounts are prepared under the UK micro-entities regime, which gives qualifying companies a simplified financial reporting framework with reduced disclosure requirements. If your company meets the relevant size conditions and chooses to apply the regime, FRS 105 sets out how your financial statements should be drawn up, what must be included, and what can be left out. Professional preparation of FRS 105 Micro Entity Accounts helps ensure the figures are built properly from your accounting records, the disclosures actually required are included, and the accounts are presented consistently with the framework your company has chosen. Eligibility is not automatic, so it is worth reviewing your circumstances before deciding whether the micro-entities regime is the right fit for your Billingham-based company.

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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 Micro-Entities

FRS 105 is a UK financial reporting standard written specifically for companies that qualify for the micro-entities regime. In plain terms, it is the rulebook that tells a qualifying micro-entity how to prepare its annual accounts, and it is deliberately lighter than the standards larger companies use. Under FRS 105, the accounts are prepared on a simpler basis, the amount of information that must be disclosed is reduced, and the balance sheet and profit and loss account are presented in a more streamlined way. The key point is that applying the micro-entities regime is a choice available to companies that qualify, and FRS 105 is the standard that applies once that choice is made. If a qualifying company instead reports under a different framework, the requirements will differ. For directors in Billingham running a small limited company, understanding this distinction up front makes the annual accounts process considerably clearer and helps avoid presenting figures on the wrong basis.

Who Can Use FRS 105 in the UK? Qualifying for the Micro-Entities Regime

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. 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 conditions is the starting point rather than the whole picture, because the regime also carries its own eligibility rules and exclusions, and certain companies are not able to use it regardless of size. Where a company is part of a group, or where the accounting period length differs from the norm, further considerations can apply. The practical message for directors in Billingham is that eligibility should be assessed against your company’s own circumstances, and the decision to adopt the micro-entities regime should be a deliberate one rather than an assumption based on size 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 properly starts with your underlying financial records — bookkeeping, bank transactions, sales and purchase invoices, payroll information, asset purchases and any loans or director balances. From there, the accounts are built to reflect your company’s actual position for the period, applying the recognition and measurement basis that FRS 105 requires and including the disclosures that apply to your circumstances. It is important to keep two things separate in your mind. The financial statements themselves are prepared under the chosen accounting framework and are then filed with Companies House as part of your annual accounts. Corporation Tax is a distinct obligation dealt with through a Company Tax Return (CT600) submitted to HMRC, and the figures used there are calculated under tax rules rather than simply copied from the accounts. Working with an accountant who understands both sides helps keep your reporting coherent and your filings consistent with one another.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Billingham

If you would like help with your FRS 105 Micro Entity Accounts, the best next step is a straightforward conversation about where your company stands. Tell us about your trading activity, your accounting records, any assets or liabilities you hold, and how you have reported previously, and we can review whether the micro-entities regime looks suitable for your circumstances. We can then explain what information is needed, how the accounts will be prepared, and how they fit alongside your other filing obligations. Clear, transparent pricing and fixed-fee options are available, so you know what to expect before work begins. Get in touch to discuss your requirements and we will help you take the next step with confidence.

─── 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 a simplified basis for preparing annual accounts, with reduced disclosure requirements compared to the standards used by larger companies. It covers how the profit and loss account and balance sheet are presented and what supporting notes are required.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualification depends on meeting the relevant size conditions and not falling within any of the exclusions that apply to the regime. Because the rules include other conditions and exceptions, meeting the size tests alone does not automatically confirm eligibility, so it is worth checking your specific position.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A qualifying company can choose to apply it, in which case FRS 105 governs the accounts, or it can report under a different framework such as FRS 102. The choice affects the level of disclosure and the way figures are presented, so it is worth considering carefully.

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. These conditions sit alongside other rules and exclusions, so they should be reviewed against your company's actual circumstances rather than applied in isolation.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the broader UK financial reporting standard used by many small and medium-sized companies, and it permits more accounting policy choices and requires more disclosures. FRS 105 is narrower and simpler, designed only for qualifying micro-entities, with a more restricted measurement basis and far fewer notes. Choosing FRS 102 generally gives more flexibility but involves more work and more detail in the accounts.

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

Yes, in the normal course of things the annual accounts are filed with Companies House, and where the micro-entities regime has been applied the accounts are prepared on that basis. Filing the accounts is a separate exercise from dealing with Corporation Tax, which is handled through a Company Tax Return (CT600) submitted to HMRC. The two are connected in terms of the underlying figures but are distinct filings.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use the micro-entities regime from its first accounting period if it qualifies and chooses to do so. In practice, first-year accounts often involve additional considerations such as the period covered, start-up costs and any share capital introduced, so it is sensible to confirm the position before preparing the accounts on that basis.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping or accounting records, bank statements, sales and purchase invoices, payroll details, information on any assets purchased or disposed of, and details of loans, director balances and share capital. It also helps to know how the company has reported previously and whether there have been any significant transactions during the period.