─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Blyth

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying micro-entities that choose to apply the micro-entities regime in the UK. For directors of small companies in Blyth, that means statutory accounts prepared under a simplified standard, designed around the disclosure and measurement needs of genuinely small businesses rather than larger trading entities. FRS 105 is not a tax return and it is not automatic — a company must both qualify for the micro-entities regime and choose to use it. Professional preparation helps ensure your accounts are built from your actual financial records, reflect your company’s circumstances accurately, and are presented consistently with the framework you have adopted, so that the figures you file and the figures you rely on for decision-making tell the same story. If you run a micro-company in Blyth or the surrounding Northumberland area, we can review your position, explain what applying FRS 105 would mean for your accounts, and prepare FRS 105 Micro Entity Accounts that are clear, ordered and ready for the purpose they are needed for.

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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

FRS 105 is the UK financial reporting standard that sits behind the micro-entities regime. In simple terms, it is a shortened, simplified rulebook for preparing annual accounts. Instead of the fuller recognition, measurement and disclosure requirements found in FRS 102, FRS 105 allows qualifying companies to keep things lean: simpler accounting treatments, fewer notes to the accounts, and a format that reflects how small owner-managed businesses actually operate. Something important to be clear about, though — FRS 105 is optional. A company that qualifies for the micro-entities regime can choose to apply it, and FRS 105 is the standard that applies when that choice is made. Qualifying companies that prefer a fuller reporting framework, perhaps because a lender, investor or group parent wants more detail, can use FRS 102 instead. Choosing FRS 105 is about matching your reporting to your size and complexity, not about cutting corners. The standard governs how the financial statements themselves — the balance sheet, the profit and loss account and the accompanying notes — are put together. It does not govern Corporation Tax, which is a separate matter dealt with through a CT600 return to HMRC. For directors in Blyth trying to work out whether FRS 105 Micro Entity Accounts are the right fit, the practical starting point is confirming eligibility and then deciding which framework genuinely suits the business.

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

FRS 105 is intended for companies that both 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 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. The conditions are assessed in line with the relevant rules, and the thresholds are reviewed from time to time, so it is always worth checking the position for your own accounting period rather than relying on an older understanding of the limits. Size alone is not the whole picture. Other eligibility rules and exclusions can apply, and some entities are excluded from the regime regardless of how small they are — for example, certain types of company or those forming part of a particular structure. Qualifying is also only half the decision: applying the micro-entities regime is a choice, and FRS 105 applies when that choice is made. Some qualifying companies prefer the fuller reporting available under FRS 102 because of what lenders, investors or group companies expect to see. For directors of small companies in Blyth, the sensible approach is to confirm eligibility first, then decide which framework best serves the way the business is run and funded. We can talk you through both steps and help you apply the framework you choose correctly.

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 with Accurate Financial Reporting

Well-prepared FRS 105 Micro Entity Accounts start with well-kept records. We work from your bookkeeping, bank records, sales and purchase information, payroll detail and asset records to build financial statements that reflect what actually happened in your company during the period. That means applying the recognition and measurement rules of the micro-entities regime appropriately, presenting the balance sheet and profit and loss account in the required format, and including the disclosures that FRS 105 calls for — no more and no fewer than the framework requires. It also means keeping distinct obligations distinct. Preparing FRS 105 accounts and filing them at Companies House is one task; calculating and reporting Corporation Tax through a CT600 is another, submitted separately to HMRC. A Confirmation Statement is a further, separate filing. We can help you understand which of these applies to you, prepare the accounts themselves, and support you with the filing process so nothing is overlooked. Nothing here amounts to a guarantee of any particular outcome, and no filing authority endorses or approves accounts before they are submitted — but careful, methodical preparation gives you financial statements that are properly grounded in your records and in the framework your company has chosen.

ICAEW

ACCA

AAT

Get Help with Your FRS 105 Micro Entity Accounts in Blyth

If you are a director of a small company in Blyth and want to know whether FRS 105 Micro Entity Accounts are right for your business, we are ready to talk it through. Tell us about your company — its trading activity, structure, accounting period of this year, and who relies on the accounts, whether that is a bank, a lender, a landlord or simply you — and we can assess your circumstances and explain what applying the micro-entities regime would involve in practice. If you already know you want to use FRS 105, share your records and we can discuss preparing the financial statements from them. We keep our pricing clear and transparent, with fixed-fee options where those suit, so you know what you are agreeing to before any work begins. Get in touch and we will help you decide on the next step with your FRS 105 Micro Entity Accounts.

─── 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 simplified requirements for preparing annual accounts — a reduced set of accounting rules and a shorter list of disclosures than fuller standards such as FRS 102. It governs how the financial statements are put together, including the balance sheet, the profit and loss account and the notes. It does not cover Corporation Tax, which is dealt with separately through a CT600 return to HMRC.

Who can use FRS 105?

FRS 105 is available to 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 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 automatically enough on its own — other eligibility rules and exclusions can apply, and certain entities are excluded regardless of size. It is worth checking your specific position before assuming the regime is open to you.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available framework, not a mandatory one. A qualifying company can choose to apply it and prepare FRS 105 accounts, or it can choose a fuller framework such as FRS 102. The decision often comes down to who will read the accounts and what they need from them — for example, a lender, an investor or a group parent may prefer a more detailed reporting basis. Whichever framework is chosen, it should be applied consistently and appropriately to the company's circumstances.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the streamlined standard for the micro-entities regime, while FRS 102 is the fuller financial reporting standard used by a much wider range of companies. FRS 105 generally involves simpler measurement rules, a more limited set of accounting options, and fewer disclosures. FRS 102 offers broader accounting treatments and requires considerably more note disclosure. A company that is eligible for the micro-entities regime may still benefit from FRS 102 — for example, where fair value accounting is needed or where third parties expect more comprehensive reporting.

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

Where a company is required to file annual accounts, micro-entity accounts prepared under FRS 105 form the statutory accounts that are filed at Companies House. Filing accounts at Companies House is a separate obligation from reporting Corporation Tax to HMRC, and separate again from the Confirmation Statement. It is important to keep your records and deadlines in order, since late filing carries consequences. We can help you understand what applies to your company and support you through the filing process.

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

Yes, they are two different things. FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, and it deals with the company's tax position rather than its financial reporting framework. The figures in a CT600 usually start from the accounts, but tax adjustments, reliefs and timing differences mean the taxable position can differ from the accounting profit, so the two documents should not be treated as interchangeable.

Can a new limited company use FRS 105?

A newly incorporated company may be able to use FRS 105, but it is not automatic. Eligibility depends on meeting the applicable size conditions and on none of the relevant exclusions applying. A company's first accounting period can raise practical questions — for instance, how turnover and employee numbers are assessed over a shorter period, and whether the company is part of a group. It is worth reviewing the position before deciding on a framework, so the accounts are prepared on a basis that genuinely fits the company now and as it grows.

What information is needed to prepare FRS 105 accounts?

In practice we usually need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales invoices and purchase records, expense receipts, payroll and employment information for anyone on the payroll, details of assets bought or sold, information about loans and hire purchase agreements, stock or work in progress figures where relevant, and a copy of the previous year's accounts if there are any. If your records are incomplete, we can discuss what is needed to bring them up to a workable standard before the accounts are prepared.