─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Blandford

FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime — the simplified UK accounting framework available to companies that qualify as micro-entities and choose to apply it. For a small company in Blandford, that choice matters: FRS 105 sets out how the accounts are put together, what they must contain and how the figures are presented, so the framework itself should be confirmed before any numbers are drafted. Professional preparation of FRS 105 Micro Entity Accounts starts with checking whether your company actually qualifies for the micro-entities regime, then building the accounts from your underlying records — bookkeeping, bank statements, invoices, expense receipts, payroll data, asset purchases and any loan or director’s loan balances. From there, the accounts can be drawn up in the format that FRS 105 expects for your circumstances, whether that is a straightforward trading company, a company with a small fixed asset base, or one with more unusual transactions that still fall within the regime. Eligibility is never automatic, and the framework is not suitable for every small company, so a proper review of your position comes first. If you are looking for clear, transparent support with FRS 105 Micro Entity Accounts in Blandford, the sensible starting point is a conversation about your company’s size, structure and reporting year rather than an assumption that the micro-entities regime applies.

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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 for Micro-Entities

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In plain terms, it is the rulebook for the simplest set of statutory accounts a qualifying UK company can prepare. Where a company qualifies as a micro-entity and chooses to apply the micro-entities regime, FRS 105 applies to its financial statements — and those statements look noticeably different from accounts prepared under a fuller framework. FRS 105 accounts are built on straightforward principles: figures are generally kept at the amounts actually recorded, the disclosure requirements are greatly reduced, and the format is deliberately lean so that a very small business is not buried in notes it does not need. What you typically get is a simple balance sheet, a small number of notes and, where the company chooses to include them, a simplified profit and loss account. The trade-off is real: fewer disclosures and a simpler presentation mean less narrative detail for lenders, investors or anyone else reading the accounts. That is a commercial decision as much as an accounting one, which is why it pays to understand what FRS 105 does and does not give you before committing to it. FRS 105 is not the same thing as a Corporation Tax Return, and it is not the same as a Confirmation Statement — it is the accounting framework used to prepare the company’s financial statements. Companies in Blandford that are weighing up their options can benefit from a clear explanation of how FRS 105 Micro Entity Accounts would look in their specific case, including what would appear in the accounts and what would be left out.

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. Qualification is a question of both size and status. 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 necessary in most cases but it is not, on its own, a guarantee of eligibility. The micro-entities regime is subject to additional rules and exclusions that can affect whether a company can apply it — for example, the type of entity involved and whether it falls within any excluded category. There are also specific rules about how the thresholds are assessed where a company has a short accounting period or no comparable prior period, which is often relevant to newly incorporated companies. In practice, this means the sensible approach for a business in Blandford is not to assume either way, but to check the company’s position against the current rules before the accounts are prepared. Where a company does qualify and chooses the micro-entities regime, FRS 105 governs how the financial statements are prepared. Where it does not qualify — or where the directors decide the regime is not right for the company — a fuller framework would apply instead.

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 in Blandford

Preparing FRS 105 Micro Entity Accounts properly means working from the company’s own financial records and applying the reporting requirements that go with the micro-entities regime. In practice, that involves reviewing the year’s bookkeeping, reconciling bank and control accounts, checking that income and costs have been recorded in the right period, confirming what the company owns and owes at the year end, and then presenting the figures in the statutory format that FRS 105 requires. The aim is straightforward: financial statements that reflect what actually happened in the business, prepared on a consistent basis from one year to the next and supported by records that stand up to scrutiny. It is worth separating the pieces of the puzzle clearly. FRS 105 Micro Entity Accounts deal with the accounting and financial reporting framework — the balance sheet, the notes, and the simplified profit and loss account where one is prepared. Filing those accounts with Companies House is a separate step with its own requirements. Corporation Tax is separate again: a CT600 is submitted to HMRC, not to Companies House, and it is computed from the company’s taxable profits rather than being a copy of the statutory accounts. Getting one of those right does not automatically mean the others are right, and they often fall due on different timescales. Well-prepared FRS 105 accounts give you a clearer picture of your company’s position and a more reliable starting point for everything that follows. No preparation service can guarantee a particular outcome, but working from complete and accurate records, with the eligibility position checked first, gives you the best foundation for accounts that are prepared appropriately for your company’s circumstances.

ICAEW

ACCA

AAT

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

If your company may qualify for the micro-entities regime, the next step is simply to talk it through. Tell us about your business — what it does, how it is structured, your approximate turnover, balance sheet total and number of employees, and the accounting period you need accounts for. If you already have bookkeeping records, bank statements, invoices, payroll information or details of assets and loans, sharing those helps us build a clearer picture of what your FRS 105 Micro Entity Accounts would need to cover. We can then explain how the micro-entities regime would apply to your circumstances, what the accounts would include, how that sits alongside your Companies House filing and your separate Corporation Tax obligations, and what information we would need from you to get started. There is no obligation and no pressure — just a practical conversation about your FRS 105 Micro Entity Accounts requirements and whether the micro-entities regime is the right fit for your company.

─── 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 statutory accounts, with figures generally kept at recorded amounts, far fewer disclosure notes than fuller frameworks, and a leaner format overall. FRS 105 is the framework that governs the accounts themselves — it is separate from your Company Tax Return and from your Confirmation Statement.

Who can use FRS 105 for their accounts?

FRS 105 is available to companies that qualify for the UK 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 3 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 meeting the size conditions alone does not automatically mean a company qualifies. Each case needs to be checked on its own facts.

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 FRS 105 applies when that choice is made. Some qualifying companies prefer to prepare accounts under a fuller framework instead — for example because a lender, investor or other party wants more detail than FRS 105 provides. The decision is usually a balance between simplicity and how much information the readers of the accounts need.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the fuller UK financial reporting standard used by most small and medium-sized companies, and it allows or requires a range of accounting treatments and disclosures that FRS 105 does not. FRS 105 is deliberately simpler: fewer notes, less narrative, and a more straightforward basis of measurement. The practical difference for a business owner is usually the level of detail in the accounts, which can matter if a bank, landlord or investor will be reading them. Neither framework is inherently 'better' — the right one depends on your company, its size and who needs to see the figures.

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

Statutory accounts for a limited company normally need to be filed with Companies House, and that includes accounts prepared under FRS 105. Filing the accounts and preparing them are two separate steps with their own requirements and their own deadlines, so it helps to treat them as distinct tasks. The format and content of the accounts are governed by the reporting framework you have applied, while the filing itself follows Companies House requirements. It is worth confirming your company's specific filing position for the period in question.

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

Yes — they are separate filings. FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the accounting framework and, for a limited company, filed with Companies House. A CT600 is the Corporation Tax Return submitted to HMRC and is calculated from the company's taxable profits, which are not necessarily the same as the profit shown in the accounts. Getting the accounts right does not itself complete the tax return, and the two can be due at different times, so both need their own attention.

Can a new limited company in Blandford use FRS 105?

A newly incorporated company can apply the micro-entities regime if it qualifies and chooses to do so. In the first period of trading the size conditions still need to be considered, and where a company has not previously prepared accounts there are specific rules on how the thresholds are assessed — a first accounting period is not automatically treated as a full year for these purposes. Because of that, it is worth checking the position before assuming FRS 105 applies, particularly if the company is expecting to grow or take on investment.

What information do you need to prepare FRS 105 Micro Entity Accounts?

As a starting point, we would normally ask for your bookkeeping records or a year-end trial balance, bank statements covering the full period, sales invoices and purchase records, payroll information if you employ staff, details of any assets bought or sold, and any loan or director's loan movements. We also need to know the accounting period, the company's structure and share capital details. The cleaner and more complete the records, the more straightforward the preparation tends to be — and if your records are behind, that can usually be sorted out as part of the process.