─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Brierley Hill

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying companies that choose to use the UK micro-entities regime. For a Brierley Hill company, that means simpler financial statements, a more proportionate set of disclosures and a reporting style built around the information that small, owner-managed businesses actually need. FRS 105 is not a one-size-fits-all option and it is not automatic — a company must fall within the micro-entity size criteria, must not be excluded for another reason, and must decide that the regime is the right fit for its circumstances. Professional preparation helps you work through that decision, then builds the accounts from your own financial records so the figures, notes and formats line up with the framework as it applies to your company. Because FRS 105 permits a reduced set of disclosures compared with larger regimes, the small details matter: how transactions are recognised, what is included in the balance sheet, and how the accounts are presented for filing. Getting that right at the start avoids rework later, so you can file with confidence and keep your attention on running the business rather than on reporting technicalities.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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

FRS 105 Explained: The Micro-Entities Reporting Framework

FRS 105 is the UK financial reporting standard written specifically for micro-entities. It sits alongside the micro-entities regime, which is a simplified accounting option available to companies that are small enough to qualify. In plain terms: if a company qualifies for the micro-entities regime and chooses to apply it, then FRS 105 is the standard used to prepare its annual financial statements. The idea behind it is proportionality. A small, owner-managed company in Brierley Hill does not need the same level of disclosure as a large trading group, so FRS 105 allows a stripped-back balance sheet and profit and loss account with far fewer notes. Some accounting simplifications also apply, which reduces complexity in areas such as certain measurements and revaluations. What FRS 105 does not do is remove the need for accurate bookkeeping. The accounts still have to reflect the company’s real financial position, still have to be prepared on a consistent basis, and still need to be filed in the right place, in the right way, at the right time. Choosing the micro-entities regime is a decision rather than a default, and it is worth reviewing each year, because a company’s size and structure can change. Where FRS 105 is the right framework, it produces financial statements that are shorter, easier to read and cheaper to prepare, while still giving a true picture of the business.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the micro-entities regime in the UK and then choose to apply it. Qualification is not simply about being small in a general sense — it depends on defined size criteria and on whether any exclusions apply. 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 during the period. Meeting two of those three is a starting point, not the whole picture. Certain companies are excluded from the micro-entities regime regardless of size, and there are rules around group structures, the type of entity and the nature of its activities that can affect whether the regime is available. Where a company is part of a group, or where its circumstances are unusual, the position needs to be looked at properly rather than assumed. It is also a choice: a qualifying company can elect to use the micro-entities regime and FRS 105, or it may prefer a different framework. Eligibility should be revisited each year, because turnover, balance sheet totals and headcount move over time, and a change in any of them can affect which regime applies. For a Brierley Hill company, the practical answer is to check your figures against the criteria, confirm no exclusions apply, and then decide whether FRS 105 Micro Entity Accounts genuinely suit how you run and report the business.

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

Preparing FRS 105 Micro Entity Accounts well starts with good records. We work from your bookkeeping, bank information, sales and purchase data, asset details and any relevant agreements, then prepare financial statements that reflect your company’s position under the micro-entities framework. That includes the balance sheet, the profit and loss account and the limited notes FRS 105 requires, presented in a format suitable for a micro-entity. A key part of the process is separating the different obligations that often get bundled together in conversation. Preparing the financial statements is one task. Filing those accounts with Companies House is a separate step, with its own deadlines and format requirements. Corporation Tax is separate again — a CT600 is a Corporation Tax Return submitted to HMRC, and it is not the same document as your FRS 105 accounts. We can help you understand how the figures in your accounts feed into your tax return, but the two filings serve different purposes and go to different bodies. We can also prepare and file your accounts on your behalf, or hand them over for you to submit yourself, depending on how you prefer to work. Throughout, the aim is accurate, well-supported financial reporting that you and any other users of the accounts can rely on, with clear, transparent pricing and no nasty surprises along the way.

ICAEW

ACCA

AAT

Get Help With Your FRS 105 Micro Entity Accounts in Brierley Hill

If you are unsure whether FRS 105 Micro Entity Accounts are the right route for your Brierley Hill company, or you simply want the preparation and filing handled properly, get in touch and we will talk it through. To assess your circumstances we will typically ask about your company’s turnover, balance sheet total and average employee numbers, along with the nature of the business and any group or structural arrangements that might affect eligibility. It also helps to know how your records are kept, whether you use accounting software, and when your accounting period ends. From there we can explain your options in plain English, including how the micro-entities regime compares with other frameworks, and set out a clear scope of work. There is no obligation to proceed, and no pressure — just a straightforward conversation about what your company needs and how we can help you prepare accounts that are accurate, appropriately presented and ready for the next stage of your filing obligations.

─── 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 sets out how qualifying companies that choose to apply the micro-entities regime prepare their annual financial statements, including the balance sheet, profit and loss account and the limited disclosures required. It is deliberately simpler and shorter than the standards used by larger companies, which is what makes it attractive to small owner-managed businesses.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the 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 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. Other eligibility rules and exclusions can also apply, so meeting the size conditions on their own does not always mean a company can use the regime. It is worth checking your position each year.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting framework, not an obligation. A company that qualifies can choose to apply it, but it may instead use a different framework such as FRS 102 if that better suits its circumstances — for example, if it needs particular disclosures, has more complex arrangements, or expects to grow beyond the micro-entity criteria soon. The choice should be reviewed rather than assumed.

What is the difference between FRS 105 and FRS 102?

Both are UK financial reporting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entities standard, with a reduced balance sheet and profit and loss account format and far fewer disclosures. FRS 102 is the standard used more widely by small and larger entities and allows or requires more detail, more recognition and measurement options, and more extensive notes. In practice, FRS 102 accounts are longer and more involved to prepare than FRS 105 Micro Entity Accounts.

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

Yes — the accounts a company prepares for its members are also the accounts that generally need to be filed at Companies House, in the required format and within the applicable filing deadline. Filing is a separate step from preparing the accounts, and the format submitted must meet Companies House requirements. We can prepare the FRS 105 financial statements and handle the filing, or provide them for you to submit yourself.

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

Yes, they are two different documents with two different purposes. Your FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities framework and filed at Companies House. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate the tax due. The accounts usually form the starting point for the tax computation, but the CT600 itself is a separate filing with its own deadline.

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. In the first period, size conditions are generally assessed on the figures for that period, and average employee numbers are measured across the period. Because a new company has no history, it is sensible to look at expected trading levels and structure when deciding, and to revisit the position as the business develops.

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

Typically we need your bookkeeping or accounting records for the period, bank and credit card statements, sales and purchase information, details of fixed assets and any additions or disposals, stock or work in progress figures where relevant, loan and lease agreements, and details of directors' transactions with the company. It also helps to confirm your accounting period dates, whether you use accounting software, and whether anything unusual happened during the year, such as a change in share structure or a new source of income.

What changes are coming to micro-entity accounts filing?

Company filing requirements have been evolving, with Companies House moving towards digital, software-based filing and revised format expectations for small and micro-entity accounts. Because the detail and timing of these changes can vary, it is best to confirm what applies to your company's specific accounting period before you file. We keep the preparation of your FRS 105 Micro Entity Accounts aligned with the format required at the time of filing, so the accounts are presented in a way that suits submission.