─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Bridlington

FRS 105 Micro Entity Accounts are the financial statements produced under the micro-entities regime, the simplest financial reporting framework available to qualifying UK companies. If your company meets the relevant size conditions and chooses to apply that regime, FRS 105 provides the basis on which the accounts are prepared, with a streamlined format and reduced disclosure compared with larger-company reporting. Professional preparation helps ensure your FRS 105 Micro Entity Accounts are put together appropriately for your company’s own circumstances — the nature of your trade, your transactions, your assets and liabilities, and the reporting requirements that apply to you — rather than simply being slotted into a template. For directors in Bridlington and the surrounding East Yorkshire area, that means clear, well-organised financial statements, an explanation of what has been included and why, and a proper separation between the accounts themselves and your other filing obligations. Meeting the size criteria is a starting point rather than a guarantee: eligibility depends on the full set of rules and exclusions, so it is always worth confirming your position before the accounts are prepared.

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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 written specifically for companies that qualify for, and choose to use, the micro-entities regime. In simple terms, it sets out how a qualifying micro-entity prepares its annual financial statements — what goes into the balance sheet, what goes into the profit and loss account, and what notes, if any, are needed. Because the regime is designed for the smallest companies, FRS 105 keeps things deliberately straightforward: fewer disclosures, a simpler presentation, and a shorter set of financial statements than you would see under a fuller reporting framework such as FRS 102. It is important to understand that the micro-entities regime is an available accounting regime, not an automatic one. A company that qualifies can choose to apply it, and FRS 105 is the standard that applies when that choice is made. If a company prefers a different framework, or if it does not qualify in the first place, FRS 105 is not the right fit. For directors in Bridlington running a small limited company, FRS 105 often means less time spent on disclosure and a set of accounts that is easier to read and understand — provided it is prepared accurately and reflects what actually happened in the business during the period.

Who Can Use FRS 105 in the UK?

FRS 105 is available to UK companies that qualify for the micro-entities regime and decide to apply it. Qualification is largely size-based. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the following 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 during the period. Meeting those size conditions is an important step, but it is not the whole picture. The rules include exclusions and other eligibility considerations, and some companies are prevented from applying the regime regardless of their size — for example, certain types of entity fall outside the micro-entities definition. There is also a difference between qualifying for the regime and choosing to use it: even where a company qualifies, applying the micro-entities regime is a decision, and FRS 105 applies only when that decision has been made. For directors in Bridlington considering their options, the sensible approach is to look at the company’s actual figures, its legal form and its activities together, rather than assuming eligibility from turnover alone.

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 Built on Your Records

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying records — bookkeeping, bank transactions, sales and purchase information, payroll details, asset purchases and disposals, stock or work in progress where relevant, and any loans or balances owed to or by the company. From that information, the financial statements are built to reflect the company’s actual position in line with the micro-entities regime and the applicable reporting requirements. It is worth being clear about what sits where: the FRS 105 financial statements are the company’s accounts, and filing those accounts with Companies House is a separate exercise from your Corporation Tax obligations. A CT600 Corporation Tax Return is submitted to HMRC, not to Companies House, and a Confirmation Statement is a further, different filing again. Professional support can help you keep these threads distinct, prepare the accounts on a consistent basis from one year to the next, and make sure the figures in your accounts and your Corporation Tax Return tell a coherent story. We work from the information you provide and prepare the accounts accordingly; the accuracy of the underlying records remains important, and responsibility for the company’s filings rests with the directors.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Bridlington

If your company may qualify for the micro-entities regime and you would like your FRS 105 Micro Entity Accounts prepared properly, the best next step is a straightforward conversation. Tell us about your company — what it does, how long it has been trading, your approximate turnover, balance sheet total and number of employees, and how your records are currently kept — and we can look at whether the micro-entities regime is likely to be available to you and what the accounts would involve. If you have already decided to apply FRS 105, we can talk through what information we need from you and how the process works, along with clear, transparent pricing options. We can also explain how the accounts fit alongside your other obligations, such as your Corporation Tax Return and your Confirmation Statement, so nothing gets overlooked. Get in touch with your requirements and we will take it from there.

─── 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 how the smallest qualifying companies prepare their annual financial statements, with a simplified format and reduced disclosure compared with fuller standards. In practice, it means a shorter balance sheet, a straightforward profit and loss account, and far fewer notes than you would expect under a larger reporting framework.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the micro-entities regime and choose to apply it. Qualification is based on the size conditions, which for accounting periods beginning on or after 6 April 2025 generally means meeting at least 2 of 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 rules and exclusions can affect whether a particular company qualifies, so meeting the size conditions alone does not automatically confirm eligibility.

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 may choose to apply it, and FRS 105 is the standard that applies when that choice is made. Some qualifying companies prefer to report under a different framework such as FRS 102, and that can be a legitimate decision depending on the company's circumstances and what its directors or other interested parties need from the accounts.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they serve different sizes of company. FRS 105 is the micro-entities standard and is deliberately simplified, with fewer disclosures and a shorter set of financial statements. FRS 102 is the fuller framework used by larger or more complex entities, and it requires considerably more disclosure and detail. If a company does not qualify for the micro-entities regime, or chooses not to apply it, FRS 102 (or another applicable framework) is typically the relevant standard.

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

For a limited company, the annual accounts are filed at Companies House, and where the company has applied the micro-entities regime those accounts will be prepared under FRS 105. The filing of accounts is a separate obligation from your Corporation Tax Return and from your Confirmation Statement. We can prepare the FRS 105 Micro Entity Accounts and can also help with the submission process, but it is worth remembering that the accounts, the CT600 and the Confirmation Statement are three distinct filings with different purposes and different recipients.

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

Yes, they are separate. FRS 105 accounts are the company's financial statements, prepared under the accounting framework, and they are filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. Although the two documents are related — both draw on the same underlying financial records — they serve different purposes and go to different places, and the figures can differ because tax rules and accounting rules are not always the same.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it qualifies for the micro-entities regime and chooses to apply it. In the first period, size conditions are generally assessed differently because there is no prior-year comparatives, so the practical test is usually whether the company is small enough in its own right. It is worth checking the position before preparing the first set of accounts, since getting the framework right from the outset keeps later years consistent.

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

Typically we need your bookkeeping or accounting records for the period, bank statements and reconciliations, sales and purchase information, payroll and employee numbers where relevant, details of any assets bought or sold, stock or work in progress figures if applicable, and information on loans, director's balances and amounts owed to or by the company. The cleaner and more complete your records, the more straightforward the preparation tends to be. If your records are in less good shape, tell us — that is something we can factor into the conversation rather than a barrier.