─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Birmingham

FRS 105 Micro Entity Accounts give qualifying Birmingham companies a simplified route to preparing and filing their annual financial statements. FRS 105 is the financial reporting framework that applies when a company qualifies for the UK micro-entities regime and chooses to adopt it, allowing accounts to be prepared on a straightforward historic cost basis with reduced disclosure requirements compared with larger reporting frameworks. Professional preparation helps ensure your FRS 105 Micro Entity Accounts reflect your company’s actual transactions, that the accounting policies used suit your circumstances, and that the figures are presented in a way that is consistent from one year to the next. It also helps you separate the accounts work itself from your other obligations, such as your Corporation Tax Return (CT600) and your Confirmation Statement, which are handled as distinct filings. Eligibility is not automatic, so if you are a director or owner-manager in Birmingham weighing up whether the micro-entities regime is right for your company, a short conversation about your turnover, balance sheet position and headcount is a sensible first step before any accounts are drafted.

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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 Micro-Entities Regime in Plain English

In simple terms, FRS 105 is the UK accounting standard written specifically for micro-entities. It sits alongside the UK’s micro-entities regime, which is the set of rules that lets the smallest companies produce shorter, simpler financial statements than those required under larger frameworks such as FRS 102. A company that qualifies for the micro-entities regime can choose to apply it, and where that choice is made, FRS 105 is the standard used to prepare the accounts. You would typically see a simpler balance sheet, a profit and loss account, and minimal notes, with assets generally held at historic cost rather than being revalued or measured at fair value. Because FRS 105 is a distinct framework rather than a set of shortcuts, the accounting decisions made within it still need to be applied correctly and consistently. For directors in Birmingham running a small limited company, understanding FRS 105 is really about knowing whether the micro-entities regime fits how your business is structured and what it owns, and then making sure the resulting FRS 105 Micro Entity Accounts tell an accurate story of the year.

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 rather than another reporting framework. For accounting periods beginning on or after 6 April 2025, a company will generally need 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. Those conditions are a starting point rather than the whole picture. Other eligibility rules and exclusions can apply, certain companies are not able to use the regime, and the position can be affected by whether thresholds were exceeded in earlier periods. Meeting the size criteria does not by itself guarantee that a company qualifies, and it does not oblige it to use FRS 105 either. For directors in Birmingham, the practical question is usually whether the micro-entities regime suits the company’s assets, financing and reporting needs, and whether the resulting FRS 105 Micro Entity Accounts give a clear and accurate picture of the business.

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.

Accurate, Professionally Prepared FRS 105 Micro Entity Accounts

Preparing FRS 105 Micro Entity Accounts is not simply a matter of entering figures into a template. The accounts need to be built from your company’s underlying financial records, then presented in line with the reporting requirements that apply to your company for that accounting period. That means correctly identifying income and expenses, recognising the assets and liabilities your business actually holds, applying suitable accounting policies, and preparing the balance sheet and profit and loss account so they agree with the books. Where a company is a micro-entity using FRS 105, the notes are deliberately limited, but the judgements behind the numbers still matter. It is also worth keeping the different filings clearly separated in your mind: the financial statements are prepared for the company’s members, an annual set is filed at Companies House in accordance with the applicable filing requirements, and a Corporation Tax Return (CT600) is submitted separately to HMRC dealing with tax rather than financial reporting. Preparation is based on the information and records you provide, and while every effort is made to get the detail right, no one can guarantee a particular outcome or that a filing will be accepted without question. What you can expect is careful, methodical work on your FRS 105 Micro Entity Accounts.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Birmingham

If you would like support with your FRS 105 Micro Entity Accounts, or you are simply unsure whether the micro-entities regime is the right fit for your company, get in touch and talk it through. A useful starting point is to share some basic information: your company’s year end, an idea of turnover and balance sheet position, your average number of employees, details of any assets the company owns, and access to your current bookkeeping or accounting records. From there, your circumstances can be assessed and you can decide how you would like to proceed. Whether you are preparing accounts for the first time, switching accountants, or want a second pair of eyes on how your figures are presented, the aim is clear, straightforward guidance and fixed-fee options that make it easy to plan ahead.

─── 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 for micro-entities. It forms part of the micro-entities regime and is designed to keep financial statements short and straightforward, with accounts generally prepared on a historic cost basis and relatively few disclosure notes. It applies to a company only when that company qualifies for the micro-entities regime and chooses to apply it for the accounting period in question.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying companies can choose whether to apply the micro-entities regime, and FRS 105 applies where that choice is made. A company that is eligible might instead prepare its accounts under another framework, such as FRS 102 including the small entities provisions, which offers different accounting options and requires more disclosure. The decision is usually worth revisiting as your company grows or its activities change.

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 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 conditions alone does not automatically mean a company qualifies, because other rules and exclusions can apply, and the position in the first year or after a period of change may need particular care. Eligibility should therefore be checked against your specific circumstances.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the simpler framework available to qualifying micro-entities, with limited disclosures and measurement generally based on historic cost. FRS 102 is a fuller framework with more accounting policy choices, optional revaluation and fair value treatments, and substantially more note disclosures, even in its small entities form. Choosing between them affects how the numbers are measured and how much detail appears in the accounts, so the right answer depends on what your company owns, what it has committed to, and who relies on the financial statements.

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

Yes. A company with a micro-entity reporting framework still has a statutory obligation to file annual accounts at Companies House, and micro-entity accounts can be filed under the relevant micro-entity provisions. The accounts prepared for the company's members may contain more detail than the version filed, so it is worth understanding the difference. Filing the accounts is a separate exercise from submitting a Corporation Tax Return (CT600) to HMRC.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts deal with financial reporting, setting out the company's financial position and results in line with the accounting framework. A CT600 is a Corporation Tax filing submitted to HMRC, which deals with the company's taxable profits and tax position. The figures overlap, but the accounts and the tax return are prepared for different purposes and are not interchangeable documents.

Can a new limited company use FRS 105?

It can potentially, if it qualifies for the micro-entities regime and chooses to apply it. Because eligibility looks at size conditions such as turnover, balance sheet total and average employee numbers, the position in a first accounting period may need to be considered carefully, particularly if trading started partway through the year or if the company has taken on significant commitments. A short eligibility check early on can help avoid reworking the accounts later.

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

In practice you would usually provide your bookkeeping or accounting records for the period, bank statements, sales and purchase information, payroll or employee number details, and records for any assets the company owns, such as equipment or vehicles. Details of loans, directors' balances and any amounts owed to or by the company are also relevant, along with the previous year's accounts where available. Having these to hand makes the preparation process smoother and helps keep the figures accurate.

What changes are coming to micro-entity accounts filing?

Company filing requirements at Companies House have been changing, with reforms aimed at greater transparency and more software-based filing, and further changes are being phased in over time. These can affect what smaller companies, including micro-entities, submit. Because the detail and timing of these changes can be updated, it is worth checking the current position or asking us to confirm how the latest requirements affect your company before you file.