─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Blackmoor

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework set out in FRS 105, the standard that applies to qualifying UK companies that choose to use the micro-entities regime. In Blackmoor, company directors often want a straightforward set of accounts that reflects their business accurately without unnecessary complexity — and FRS 105 is designed with exactly that in mind. Professional preparation can help ensure your accounts are put together appropriately for your company’s own circumstances, drawing on your bookkeeping records, bank information, and other supporting documentation. It also means someone experienced can consider whether the micro-entities regime is genuinely the right fit for your company, rather than assuming it applies by default. Eligibility depends on meeting the relevant size conditions and on no disqualifying rules or exclusions applying, so a proper review of your position matters. Whether you are filing for the first time or moving away from a different framework, well-prepared FRS 105 Micro Entity Accounts can make your reporting simpler and easier to follow.

🔥 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. If your company qualifies for the micro-entities regime and you decide to apply it, FRS 105 is the framework your financial statements are then prepared under. In plain terms, it lets qualifying companies produce simpler accounts than those prepared under a fuller framework such as FRS 102 — with a reduced set of disclosures and a more streamlined balance sheet and profit and loss account. For directors in Blackmoor running a small limited company, that can mean less time spent on paperwork and financial statements that are easier to read and understand. It is worth being clear about what FRS 105 is not: it is not a tax return, it is not optional for a company that has chosen the micro-entities regime, and it does not apply automatically to every small company. Choosing the regime is a decision that should be made with your circumstances in mind, and FRS 105 applies when that choice has been made.

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 — it is not a framework that every small company can simply adopt. 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 size conditions is not the end of the assessment, however, because other eligibility rules and exclusions can apply, and certain types of company are not able to use the micro-entities regime regardless of how small they are. Directors in Blackmoor should therefore treat eligibility as something to be checked properly against their own circumstances rather than assumed on the basis of turnover alone. If your company does qualify and you decide the regime is right for you, FRS 105 Micro Entity Accounts give you a simpler, more proportionate way to report, with financial statements that are easier to prepare, file and understand.

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 Micro Entity Accounts

Professionally prepared FRS 105 Micro Entity Accounts start with your company’s own financial records — bookkeeping, invoices, bank statements, payroll information and any other supporting detail — and turn them into financial statements that follow the requirements of FRS 105 as they apply to your business. A preparer will typically consider the format of the balance sheet and profit and loss account, the limited disclosures that FRS 105 requires, and whether the figures are consistent with the information you hold. It is important to separate the different obligations involved: preparing and filing your financial statements with Companies House is one process, while your Corporation Tax position is dealt with through a separate return submitted to HMRC. The two are related but distinct, and neither should be treated as a substitute for the other. Working with an experienced preparer can help you keep your FRS 105 Micro Entity Accounts accurate and appropriately presented, so you can focus on running the business rather than wrestling with reporting requirements.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Blackmoor

If you would like support with your FRS 105 Micro Entity Accounts, the best place to start is a conversation. Tell us about your company — what it does, how long it has been trading, what your records currently look like and how you have reported previously — and we can consider whether the micro-entities regime and FRS 105 are a sensible fit for your circumstances. Bring along your bookkeeping, trial balance, bank information and any previous accounts, and we will have what we need to assess your position and explain the options clearly. If you are weighing up FRS 105 against another framework, or you simply want your accounts prepared without the guesswork, get in touch with our team and we will talk it through.

─── 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 allows qualifying micro-entities to prepare simpler financial statements than those produced under a fuller framework, with a reduced set of disclosures and a streamlined balance sheet and profit and loss account. It is an accounting framework, not a tax return, and it applies when a company has chosen to use the micro-entities regime.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and decide to apply it. 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, 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 meeting the size conditions alone does not automatically guarantee that the regime is available to your company.

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, and FRS 105 applies when that choice is made. Some companies that are eligible to use the regime may still prefer a different framework, for example if a lender, investor or group parent wants more detailed reporting. It is worth considering your circumstances before deciding.

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 conditions: turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. These are size conditions rather than the whole picture — the relevant rules and exclusions also need to be considered, and certain companies are not eligible for the micro-entities regime regardless of their size.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of entity. FRS 105 is the micro-entities standard and is deliberately simpler, with fewer disclosures and a more concise set of financial statements. FRS 102 is the standard used more broadly by small and other entities and generally involves more detailed disclosure and accounting requirements. Which framework suits your company depends on whether you qualify for the micro-entities regime, whether you choose to apply it, and what the users of your accounts need.

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

Where a company prepares FRS 105 Micro Entity Accounts, those financial statements typically form the basis of what is filed at Companies House, in line with the filing requirements that apply to the company. Filing accounts at Companies House is a separate process from your Corporation Tax obligations, which are handled through a return submitted to HMRC. It is worth keeping both in mind, as they are prepared from much of the same underlying information but serve different purposes.

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

Yes, they are distinct. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities reporting framework. A CT600 is a Corporation Tax Return submitted to HMRC to report your company's taxable profits and calculate the tax due. The figures in your accounts often provide a starting point for the tax return, but adjustments and additional information are usually needed, so the two should be treated as separate exercises.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping records or a trial balance for the period, bank statements, sales and purchase information, payroll details if you employ staff, details of any assets and liabilities, and a copy of the previous year's accounts for comparison. If your company is newly incorporated, you may have less to hand, so information about opening balances, share capital and any initial transactions is particularly useful. Having your records reasonably tidy makes the preparation process smoother.

Can a new limited company use FRS 105?

A newly incorporated company may qualify for the micro-entities regime if it meets the relevant size conditions and no exclusions apply, and it may then choose to apply FRS 105. In practice, a first set of accounts for a new company is usually small enough to fall within the size limits, but eligibility still needs to be checked against the rules rather than assumed. A first-period accounts preparation also benefits from having clean opening records, including share capital and any initial costs.