─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Braintree: Clear, Professional Support for Qualifying Micro-Entities

FRS 105 provides the financial reporting framework that qualifying micro-entities use when they choose to apply the UK micro-entities regime. For a Braintree company, that choice shapes how the balance sheet, profit and loss account and notes are prepared, and how much disclosure is included in the financial statements. Professional preparation of FRS 105 Micro Entity Accounts begins with reviewing your records and considering whether the micro-entities regime is appropriate for your circumstances. Eligibility depends on meeting the relevant size conditions and on the rules and exclusions that apply, so it is never automatic. We then prepare financial statements that reflect your transactions under FRS 105 and help you keep the separate steps of Companies House filing and Corporation Tax obligations clearly in view, so nothing is confused or overlooked.

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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 
    
 
 
 
   
 
 
       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

What Is FRS 105? The Micro-Entities Regime Explained

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits within the same family of UK accounting standards as FRS 102, but it is deliberately simpler: it is designed for very small companies that qualify for the micro-entities regime and choose to apply it. When that regime is used, FRS 105 applies to the financial statements. In practice, FRS 105 Micro Entity Accounts generally use a historical cost approach, involve fewer disclosures than larger-company frameworks, and focus on the essentials — typically a profit and loss account, a balance sheet, and supporting notes. It is not a tax return and it is not a Companies House form; it is the accounting framework that sits behind the figures. For a Braintree company, the practical benefit is straightforward reporting that tells the story of the business without unnecessary complexity, provided the regime genuinely suits your circumstances.

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

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it. Size is the starting point. 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, subject to the relevant rules and exclusions: 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 not, on its own, a guarantee. Other eligibility rules apply, certain companies and circumstances are excluded from the micro-entities regime, and some companies simply prefer a different framework such as FRS 102. For a Braintree company, the sensible approach is to look at your figures, your company type and your reporting needs together before deciding whether FRS 105 Micro Entity Accounts are the right route for a given accounting period.

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 Braintree Companies

Accurate financial reporting starts with a clear understanding of your business and a careful review of your accounting records. We prepare FRS 105 Micro Entity Accounts based on the information you provide and the reporting requirements that apply to your company, making sure the figures in the profit and loss account, balance sheet and notes are consistent with the underlying records. Where relevant, we can explain the disclosure choices available under FRS 105 and how they affect the way your accounts read. It is worth being clear about what sits where: FRS 105 financial statements are the accounts prepared under that framework, filing those accounts with Companies House is a separate step, and a Corporation Tax Return (CT600) submitted to HMRC is a different obligation again with its own information requirements. We can help you coordinate all three so your records, accounts and tax position line up sensibly.

ICAEW

ACCA

AAT

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

If you are unsure whether the micro-entities regime suits your company, or you simply want your FRS 105 Micro Entity Accounts prepared accurately and on time, get in touch. Tell us a little about your business — your trading activity, how your records are kept, your accounting period and your plans for the year ahead — and we can assess your circumstances and explain the options open to you. Whether you are preparing accounts for the first time, moving from a different framework, or looking for a more straightforward way to handle your reporting, we are happy to talk it through before you commit to anything.

─── 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 is part of the same suite of UK accounting standards as FRS 102, but it is simplified for very small companies. It sets out how the financial statements should be prepared — typically a profit and loss account, a balance sheet and limited notes — when a qualifying company has chosen to apply the micro-entities regime.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and choose to apply it. Qualifying is about both size and the rules that apply to your company, and some entity types or circumstances are excluded regardless of size. Meeting the size conditions does not, on its own, guarantee that the regime is available, so it is worth confirming your position before the accounts are prepared. If the micro-entities regime is not appropriate, other frameworks may be a better fit.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies can choose to apply it, and FRS 105 applies when that regime is chosen. Some qualifying companies prefer to use a different framework, such as FRS 102, particularly if they want to present more detail or have a specific reason to follow fuller disclosures.

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 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. Those figures are a starting point rather than the whole test. Other eligibility rules and exclusions can apply, so a company that meets the size conditions may still not qualify.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard and is intentionally simpler, with fewer disclosure requirements and a more restricted set of measurement options. FRS 102 is used by a much wider range of companies and generally involves more detailed accounting and disclosure. The framework you use affects how your figures are presented and how much supporting information appears in the accounts.

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

FRS 105 financial statements are the accounts a company prepares under that framework, and filing them with Companies House is a separate step in the process. Accounts are generally due within the statutory filing deadline that applies to your company, which depends on factors such as whether it is a first set of accounts. Filing the accounts does not remove the need to deal with your Corporation Tax obligations separately.

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

Yes. FRS 105 relates to the accounting and financial reporting framework used to prepare your financial statements. A CT600 is a separate Corporation Tax filing submitted to HMRC, with its own figures, adjustments and deadlines. The two are connected in the sense that both draw on the same underlying records, which is one reason it helps to keep your bookkeeping consistent and well organised throughout the year.

Can a new limited company use FRS 105?

A newly incorporated company can use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it — but qualifying is not automatic simply because the company is new or small. A new company with limited activity may well fall within the size conditions, yet the other eligibility rules still need to be checked. It is also worth planning ahead, because the framework you start with can affect how your records are kept from the outset.