─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bradley Stoke

FRS 105 Micro Entity Accounts in Bradley Stoke are prepared under the financial reporting framework that applies to qualifying micro-entities who choose to use the UK micro-entities regime. FRS 105 is the simplest reporting framework available to UK companies, and it is designed for businesses that meet the relevant size conditions and are not excluded from the regime. Because eligibility depends on more than a single figure — and can change as a company grows — professional preparation starts with a proper review of your circumstances, including your turnover, balance sheet total, average employee numbers and any rules or exclusions that may apply. From there, your FRS 105 Micro Entity Accounts can be built up from your bookkeeping and financial records, with the disclosure requirements of the framework applied to your company’s own figures rather than a generic template. If you are based in Bradley Stoke or the surrounding Bristol area and want your micro-entity accounts prepared carefully and explained in plain English, we can help you understand what applies and prepare FRS 105 financial statements that genuinely reflect your position.

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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: What Micro Entity Accounts Mean for Your Company

Put simply, FRS 105 is the accounting rulebook for the smallest companies in the UK. It sits alongside the micro-entities regime in company law: if your company qualifies as a micro-entity and you decide to apply that regime, FRS 105 is the financial reporting standard your FRS 105 Micro Entity Accounts are prepared under. It keeps things deliberately straightforward. Accounts are prepared on a historical cost basis, which means assets are generally held at their original cost rather than revalued, and some of the more complex areas — such as fair value adjustments and deferred tax — are not recognised. The notes to the accounts are also much shorter than under a fuller framework. That simplicity is the point: it reduces the time, cost and complexity of producing statutory accounts for a small trading company. It also means the accounts tell a simpler story, so if a bank, landlord or investor needs more detail, a fuller framework may suit you better. Choosing FRS 105 is a decision about the reporting framework, not something that happens automatically to every small company. Part of our job is helping you see what your figures look like under FRS 105 and whether the micro-entities regime is the right fit, so your micro-entity accounts are both accurate and appropriate for the way your business is run.

Who Can Use FRS 105 in the UK? Micro Entity Accounts Eligibility in Bradley Stoke

FRS 105 is intended for companies that qualify for the micro-entities regime and choose to apply it — it is not open to every small company, and it never applies automatically. 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. Size is only part of the test. Other eligibility rules and exclusions can apply, so a company that meets the size conditions is not guaranteed to qualify, and a company that does qualify may still decide that FRS 105 is not the right framework for it. Common reasons for looking at a fuller framework include lender or investor requirements, group reporting, or a preference for more detailed disclosures. In practice, the sensible approach for a Bradley Stoke company is to check both the numbers and the wider rules before deciding, and to revisit the position each year as turnover, headcount and your balance sheet change over time.

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 for Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts is about more than entering figures into a template. The accounts need to reflect your company’s actual transactions and position for the period, apply the micro-entity framework correctly, and be consistent with the records behind them. We prepare financial statements from your bookkeeping, bank records, invoices and supporting documents, and we look at the year-end position as a whole: debtors and creditors, stock, fixed assets, loans, and any accruals or prepayments that need to be reflected. The accounts are then prepared for the directors to review and approve, ready for delivery to Companies House where the company is required to file. Separately, and on a different timescale, there may be a Corporation Tax Return (CT600) to submit to HMRC, along with other company obligations such as a Confirmation Statement. These are distinct filings with distinct rules, and we can help you keep track of which is which. Our role is to bring proper process and clear explanations to the work — not to promise a particular outcome, but to make sure your FRS 105 Micro Entity Accounts are prepared carefully, on a consistent basis, and with the framework’s requirements in mind.

ICAEW

ACCA

AAT

Get Your FRS 105 Micro Entity Accounts in Bradley Stoke Sorted

If you would like help with your FRS 105 Micro Entity Accounts in Bradley Stoke, the best next step is a straightforward conversation about your company. Tell us your accounting period, roughly what your turnover, balance sheet total and employee numbers look like, and how your records are currently kept — and ask any questions you have about the micro-entities regime compared with a fuller framework. If you can share your bookkeeping, bank statements, invoices, payroll details and any prior year accounts, we can assess your circumstances and explain how we would approach your FRS 105 financial statements. There is no obligation and no pressure; simply a clearer picture of what applies to your company and what needs to happen next.

─── 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 the micro-entities regime — its full title is FRS 105, the Financial Reporting Standard applicable to the Micro-entities Regime. It sets out how qualifying companies that choose the micro-entities regime prepare their financial statements: a historical cost basis, fewer notes to the accounts, and no revaluation, fair value or deferred tax accounting. If your company qualifies and you decide to use the regime, FRS 105 Micro Entity Accounts are the accounts you would prepare.

Who can use FRS 105?

FRS 105 is available to companies that qualify as micro-entities and choose to apply the micro-entities regime. 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. Other eligibility rules and exclusions can apply, so meeting the size conditions does not guarantee eligibility. A newly incorporated company can adopt FRS 105 for its first period if it qualifies and chooses the regime, but the position should be reviewed each year as the business changes.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime rather than a mandatory one. A company that qualifies can choose to apply it and prepare FRS 105 Micro Entity Accounts, or it can prepare accounts under a fuller framework such as FRS 102. Some businesses prefer FRS 102 because a lender, investor or parent company wants more detail, or because they want to use options such as revaluing property. Whichever framework is chosen should be applied consistently and be appropriate for your circumstances.

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 number of employees of no more than 10. Which period you are preparing for matters, because earlier periods were assessed against different figures. There are also other rules and exclusions in the regime, so the size tests alone are not the whole story.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a fuller framework. It permits more accounting options — for example revaluation of assets and, in some circumstances, fair value measurement — and it recognises deferred tax, while requiring considerably more disclosure in the notes. FRS 105 is deliberately simpler: accounts are prepared on a historical cost basis with far fewer notes. The trade-off is that FRS 105 accounts are quicker to produce but carry less information, which can matter if a bank, landlord or potential investor wants a more detailed view of the business.

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

Filing is separate from preparation. Where a company is required to file its accounts, the FRS 105 Micro Entity Accounts must be prepared, reviewed and approved by the directors, then delivered to Companies House by the relevant deadline. Micro-entity accounts can be filed with reduced disclosure compared with other small company accounts, but they still have to be prepared properly and be consistent with the company's records. Companies House does not endorse or approve the content of accounts, and the exact filing format depends on your company's circumstances and current Companies House rules.

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

Yes. FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the accounting framework, while a CT600 is the Corporation Tax Return submitted to HMRC. They are usually prepared from the same underlying records, but they are different documents, governed by different rules and submitted through different routes. Profit shown in the accounts is not automatically the same as taxable profit, because tax adjustments may be needed — for example for disallowable expenses, capital allowances or other timing differences.

What information is needed to prepare FRS 105 accounts?

In most cases we need your accounting records for the period, bank and credit card statements, sales invoices and purchase receipts, payroll information, and details of what the company owns and owes at the year end — including fixed assets, stock, loans and hire purchase agreements. Prior year accounts and your company's filing history are also helpful. If you already use bookkeeping software, a report or export is usually enough rather than re-keying everything, and we will tell you if anything else is needed once we understand how your records are kept.