─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Brampton

If your company qualifies for the micro-entities regime and chooses to apply it, FRS 105 Micro Entity Accounts provide the financial reporting framework for your annual accounts. FRS 105 is the UK financial reporting standard written specifically for micro-entities, and it determines how your balance sheet and the limited notes that accompany it are prepared and presented. Professional preparation helps make sure your FRS 105 accounts are built from your actual financial records, that the disclosure requirements of the micro-entities regime are followed, and that the figures are presented consistently and clearly for directors, shareholders and anyone else who relies on them. Whether you are a single-director company in Brampton preparing your first set of accounts or an established micro-entity wanting a straightforward, well-organised filing process, our approach is to prepare FRS 105 Micro Entity Accounts that suit your circumstances, supported by clear, transparent pricing and practical guidance at each stage.

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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 It Means for UK Micro-Entities

FRS 105 is the UK accounting standard that applies to companies using the micro-entities regime. In simple terms, it is a simplified financial reporting framework: instead of the fuller disclosure and measurement rules found in other standards, FRS 105 allows qualifying companies to prepare shorter, more streamlined accounts. Under FRS 105, accounts are generally prepared on a historical cost basis, with a small number of permitted formats for the balance sheet, a profit and loss account, and a limited set of notes. Importantly, the micro-entities regime is an available accounting regime rather than an automatic one — a company must qualify for it and then choose to apply it, and FRS 105 applies when that choice is made. If a qualifying company prefers a fuller reporting framework, it can use another standard instead. For directors in Brampton, understanding which regime applies is the starting point for FRS 105 Micro Entity Accounts, because it affects what the financial statements look like, what is disclosed, and how the accounts are filed.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK 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 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 necessary but not sufficient on its own, because the regime also comes with other eligibility rules and exclusions that can affect whether a company can use it — for example, certain entity types and situations are excluded. On top of that, applying the regime is a choice: a qualifying company can adopt the micro-entities regime and prepare its accounts under FRS 105, or it can select a different framework instead. If you are unsure whether your Brampton company qualifies, or whether FRS 105 Micro Entity Accounts are the right fit for your reporting needs, it is worth reviewing your position before the accounts are prepared.

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 in Brampton

Well-prepared FRS 105 Micro Entity Accounts start with good records. We work from your bookkeeping, bank statements, invoices, payroll information and asset and liability details to build financial statements that reflect your company’s transactions for the accounting period, presented in line with the FRS 105 framework as your company has chosen to apply it. The preparation of the accounts and the filing of those accounts with Companies House are separate steps from your Corporation Tax position: a CT600 is a Corporation Tax Return submitted to HMRC and is not the same document as your FRS 105 financial statements, even though the figures are related. We can help you understand how the two fit together, prepare the accounts in a consistent and readable format, and explain the disclosures the regime requires so that you can review the figures before anything is finalised. The aim is accurate financial reporting for your circumstances, with the limitations and measurement rules of FRS 105 properly observed, and with the accounts presented in a way that is straightforward for you and your stakeholders to follow.

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Get Help With Your FRS 105 Micro Entity Accounts in Brampton

If you would like support with your FRS 105 Micro Entity Accounts, we are ready to talk through your situation. Tell us about your company, your accounting period, your current bookkeeping arrangements and what you already have on file, and we can assess whether the micro-entities regime looks like a sensible fit for your circumstances and explain what would be involved in preparing your accounts. Bring your records, your questions and any earlier accounts or filings, and we will help you work out the next practical steps. Whether you are preparing a first set of micro-entity accounts or want a more organised process for future years, get in touch to discuss your FRS 105 Micro Entity Accounts requirements.

─── 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 companies that use the micro-entities regime. It sets out a simplified framework for preparing annual accounts, including the permitted balance sheet formats, a profit and loss account, and a much shorter set of notes than larger companies provide. It is designed to keep the reporting burden proportionate for the smallest companies while still producing financial statements that give a clear picture of the company's position.

Who can use FRS 105 Micro Entity Accounts?

FRS 105 is available to companies that qualify for the UK micro-entities regime and then choose to apply it. Qualification is based on size conditions and is also subject to other rules and exclusions, so it is not simply a matter of being a small company. If a company qualifies and applies the regime, FRS 105 sets the framework for its accounts; if it qualifies but prefers a fuller framework, it can use another standard instead.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an option, not a requirement. A qualifying company can choose to apply it, in which case FRS 105 applies to its financial statements, or it can prepare accounts under a different framework such as FRS 102, including the reduced disclosure options available for small entities. The choice is normally made with the company's circumstances and reporting needs in mind.

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 following 3 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 these size conditions is not the whole story, because other eligibility rules and exclusions can also apply. It is worth checking your position for each accounting period rather than assuming the regime applies.

What is the difference between FRS 105 and FRS 102?

FRS 105 is the streamlined framework for micro-entities, with simplified measurement rules and minimal disclosure. FRS 102 is a fuller standard used by a wider range of companies, and small companies using it can often apply the reduced disclosure options available for small entities. In practice, FRS 105 produces shorter accounts with fewer notes, while FRS 102 allows more accounting treatments and requires more disclosure. Neither is inherently better; the right choice depends on your company's eligibility, its transactions and what its users need from the accounts.

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

Where a company prepares FRS 105 Micro Entity Accounts, those accounts normally form the basis of the annual accounts it files at Companies House, prepared under the micro-entities regime and in the required format. Filing accounts at Companies House is a separate process from dealing with HMRC for Corporation Tax. The accounts you file and the tax return you submit should be consistent with each other, but they are different documents with different purposes and different submission routes.

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

Yes. Your FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities regime, while the CT600 is a Corporation Tax Return submitted to HMRC to report your company's taxable profits and calculate the tax due. The two are linked because the accounts provide the starting point for the tax computation, but they are separate deliverables, prepared for different recipients, and the tax return may include adjustments that do not appear in the accounts themselves.

What information is needed to prepare FRS 105 Micro Entity Accounts?

Useful information typically includes your accounting period dates, bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase records, payroll details and employee numbers, details of any loans, stock, equipment or other assets, and a copy of the previous year's accounts if there is one. Director's loan movements, VAT records and any significant one-off transactions are also helpful. The more complete and organised the records, the more efficient the preparation process tends to be.

Can a new limited company use FRS 105?

A newly incorporated company can apply the micro-entities regime if it qualifies for it and chooses to do so, which means its accounts may be prepared under FRS 105 from its first accounting period. Eligibility still depends on the size conditions and the other rules and exclusions that apply, so it is worth confirming your position early. New companies often find the simpler format helpful as they establish their record-keeping routines.