─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bishopbriggs

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying UK companies which choose to use the micro-entities regime. For a small company in Bishopbriggs, that can mean shorter, simpler financial statements that still tell an accurate story about the business. The key point is that the micro-entities regime is a choice available to companies that qualify — it is not automatic, and eligibility depends on the size conditions and other rules that apply to your company and the accounting period in question. Professional preparation helps you work through that assessment properly, then builds the accounts from your actual financial records: the profit and loss account, the balance sheet, and the supporting notes required under FRS 105. We also make sure you understand what the accounts do and do not cover, so you can see clearly how your FRS 105 Micro Entity Accounts sit alongside your other filing and tax obligations rather than being confused with them.

🔥 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 Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits alongside the micro-entities regime, which is a set of company size rules that allows qualifying companies to prepare simpler financial statements than those produced under a fuller framework such as FRS 102. In plain terms, if your company qualifies for the micro-entities regime and decides to use it, FRS 105 is the standard you apply when preparing your annual accounts. FRS 105 accounts are deliberately streamlined: they focus on a simple profit and loss account and a balance sheet, with a far smaller set of disclosure notes than larger frameworks demand. That can make the whole process quicker to produce and easier for a director to read, particularly for a Bishopbriggs-based owner-managed company where the accounts are mainly for the directors, the shareholders and Companies House. What FRS 105 does not do is change your tax position or replace other filings. Your accounts are one part of your compliance picture, and it is important to keep them distinct from your Corporation Tax Return (CT600), your Confirmation Statement and any other obligations your company has.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it when preparing their annual accounts. Eligibility is a two-part idea: you need to fall within the size limits, and you need to be free of any rules or exclusions that would prevent you from using the regime. On size, for accounting periods beginning on or after 6 April 2025, a company generally needs 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. Beyond that, other eligibility conditions and exclusions can apply depending on the company and its circumstances, so satisfying the size thresholds on their own does not automatically mean the regime is available. If you run a company in Bishopbriggs and are unsure where you stand, a short review of your figures and company details will usually give you a much clearer answer than guesswork — and it is far better to settle that question before the accounts are prepared than after.

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

Good FRS 105 Micro Entity Accounts start with good records. We prepare your financial statements from the information your company holds — bookkeeping, bank records, sales and purchase documentation, asset details, stock and work-in-progress figures, and any loans or director balances — and then apply the recognition and measurement requirements of FRS 105 to produce a profit and loss account and balance sheet that reflect your position for the period. Alongside that, we prepare the disclosures the framework requires, so the accounts are presented in a form that is appropriate for a micro-entity applying the regime. It is worth being clear about boundaries here. Preparing and filing your accounts with Companies House is one exercise; calculating and submitting your Corporation Tax Return (CT600) to HMRC is a separate exercise that draws on the same underlying figures but follows tax rules rather than accounting standards. Your Confirmation Statement is separate again. We keep those strands distinct so you always know what is being done, why, and on what basis. We work from the records you provide and the reporting requirements that apply to your company — we do not claim that any filing is guaranteed to be accepted, and the responsibility for the accuracy of the information supplied remains with the company and its directors.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts

If your Bishopbriggs company is considering the micro-entities regime, or you simply want your existing FRS 105 Micro Entity Accounts prepared with more care and clarity, get in touch. We will talk through your circumstances — your company’s size, your accounting period, what you have filed before and what you need now — and set out what information we would need from you to get started. Bringing along your latest accounts, trial balance or bookkeeping records, details of any fixed assets and loans, and confirmation of your period dates is usually the quickest way to a useful first conversation. From there we can explain how the accounts will be put together, what is included, and how they fit with your other company filings. There is no obligation and no pressure — just a straightforward discussion about what you need.

─── 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 sets out how qualifying companies that use the micro-entities regime should prepare their annual financial statements, including the profit and loss account, the balance sheet and the limited disclosures the standard requires. It is intentionally simpler than fuller frameworks such as FRS 102.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it, provided no exclusion applies to them. Qualifying is about more than having a small turnover — the size conditions must be met and other rules, such as the type of company, can affect whether the regime is available. Because the detail matters, it is worth checking your specific position rather than assuming.

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 the starting point, not the whole test — other eligibility rules and exclusions can still apply, so eligibility is not guaranteed by size alone.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, and FRS 105 applies when a qualifying company chooses to use it. A company that qualifies may instead prepare its accounts under a fuller framework such as FRS 102. The choice can affect how much detail appears in the accounts and how much work is involved in preparing them.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting frameworks, but they are aimed at different sizes of company. FRS 105 is designed for micro-entities and is the more streamlined of the two, with simpler measurement requirements and far fewer disclosures. FRS 102 is a broader framework used by many small and medium-sized companies and generally results in fuller financial statements with more notes. Which one suits you depends on whether you qualify for the micro-entities regime and what you want from your accounts.

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

Yes — where a company prepares accounts, those accounts normally need to be filed at Companies House in line with its filing obligations. FRS 105 affects how the accounts are prepared, not whether they are filed. The form and content of what you send is governed by the framework you apply, and the filing itself is a separate administrative step.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the company's financial statements, prepared under the micro-entities accounting framework. A CT600 is a Corporation Tax Return submitted to HMRC, calculated using tax rules rather than accounting standards. The accounts often provide a starting point for the tax computation, but they are not the same document and are not filed with the same body.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. New companies rarely have a full trading history, so the size assessment is usually based on what is known and expected in the period. It is worth reviewing the position before your first set of accounts is prepared, as your circumstances can change as the business grows.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping or accounting records for the period, bank statements, sales and purchase information, details of fixed assets and depreciation, stock or work in progress figures, loan and director's loan balances, and confirmation of your accounting period dates. Having the records complete and reconciled before preparation begins makes the process smoother and reduces the chance of queries later.