─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Brinkworth

FRS 105 Micro Entity Accounts are prepared under the UK financial reporting framework available to qualifying companies that choose to apply the micro-entities regime. For a small company in Brinkworth, that choice affects how the financial statements are put together, what is disclosed, and how the results are presented. It is important to be clear that FRS 105 is not automatic: a company must fall within the micro-entity size conditions, and other eligibility rules and exclusions can still apply. Professional preparation helps you consider whether FRS 105 is the right basis for your circumstances, build the accounts from accurate bookkeeping records, and present the figures consistently with the framework you have chosen. If your company is growing, or if its activities are more complex than the headline criteria suggest, that judgement matters — and it is worth reviewing before the accounts are finalised.

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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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 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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 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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 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 Micro-Entities in Brinkworth

FRS 105 is the financial reporting standard that sits behind the UK micro-entities regime. In simple terms, it is a simplified set of accounting rules designed for the very smallest companies, allowing shorter, more straightforward financial statements with far less disclosure than larger reporting frameworks require. The micro-entities regime is an available option rather than an obligation: a company must qualify for it, and it applies only when the directors choose to use it. When that choice is made, FRS 105 is the standard applied to those financial statements. For a Brinkworth company, the practical effect is usually a shorter balance sheet, a simpler profit and loss account and fewer notes. That simplicity can be helpful, but it also comes with limited ability to revalue assets or apply some of the alternative treatments found in wider frameworks — which is why the right basis should be considered deliberately rather than by default.

Who Can Use FRS 105 in the UK? Micro-Entity Eligibility for Brinkworth Companies

FRS 105 is designed for UK companies that qualify for the micro-entities regime and decide to apply it. Eligibility starts with size: for accounting periods beginning on or after 6 April 2025, a company generally needs to meet 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. Meeting those figures is a strong indicator but not a complete answer. The micro-entities regime also carries its own rules and exclusions, some companies are prevented from using it altogether, and a company that qualifies may still prefer a wider framework. For a Brinkworth business, the sensible approach is to check the size test against the correct accounting period, confirm no exclusion applies, and then decide whether the micro-entities regime genuinely suits how the company is run, financed and reported on.

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 Brinkworth

Accountants prepare FRS 105 Micro Entity Accounts from the company’s own financial records — bank transactions, sales and purchase invoices, expense receipts, payroll information and any asset or loan details — together with the accounting policies and estimates that suit the business. The work involves checking that the figures are complete and consistently treated, applying the micro-entity framework to what is reported, and preparing financial statements suitable for the company’s year end. Filing those accounts with Companies House is a separate step from Corporation Tax: the accounts go to Companies House, while the company’s Corporation Tax position is dealt with through a CT600 submitted to HMRC, and a Confirmation Statement is a separate filing again. No accountant can promise a particular outcome, an automatic acceptance of a filing, or that every figure will be treated the same way by every reader, so careful preparation and a clear audit trail of your records remain the most reliable foundations.

ICAEW

ACCA

AAT

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

If you would like help with FRS 105 Micro Entity Accounts, the best starting point is a conversation about your company. Tell us about your trading activity, the year end you are preparing, how your bookkeeping is currently kept, and whether this is your first set of accounts or a change of basis. It also helps to mention any loans, director’s balances, asset purchases or unusual transactions, because these can affect how the figures are presented. From there, we can explain what is needed, what we can prepare, and how the accounts and your separate Companies House and HMRC obligations fit together. Pricing is discussed clearly and transparently before any work begins, so there are no surprises. Get in touch to talk through your circumstances and the next practical step.

─── 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 supports the micro-entities regime. It sets out a simplified basis of accounting for the smallest qualifying companies, allowing shorter financial statements with far less disclosure than frameworks such as FRS 102 require. It applies when a qualifying company chooses to use the micro-entities regime.

Who can use FRS 105?

FRS 105 is intended for companies that fall within the micro-entity size conditions and then 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 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, and certain companies are not able to use the regime at all, so size alone does not guarantee eligibility.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available option, not a requirement. A company that qualifies can choose to apply it, and FRS 105 applies when that choice is made. Some qualifying companies prefer a wider framework because it allows particular treatments or provides more disclosure for lenders, investors or group reporting purposes.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the standard used by most small and medium-sized companies and offers more detailed recognition, measurement and disclosure requirements, along with some accounting policy choices that FRS 105 does not permit. FRS 105 is deliberately narrower: it is designed for micro-entities and produces simpler statements, but with less flexibility in how certain items are treated.

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

Yes, in most cases micro-entity accounts form part of the company's annual accounts filing at Companies House. Filing is separate from your Corporation Tax position, and the deadline depends on whether it is a first set of accounts and on the company's accounting reference date. Companies House has also signalled that small and micro-entity accounts will need to be filed digitally using commercial software in future, so it is worth checking current guidance for your filing period.

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

Yes. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entity framework and filed with Companies House. A CT600 is a Corporation Tax return submitted to HMRC and deals with the company's tax position, and a Confirmation Statement is a further, separate filing. The accounts often provide the starting figures for the tax return, but the two obligations are distinct.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 if it meets the micro-entity conditions and the directors choose the regime, but there are rules and exclusions to work through, and a first period can raise questions about the accounting reference date and the period covered. It is worth reviewing the position before the first accounts are prepared rather than assuming FRS 105 will apply.

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

Typically you would provide complete bookkeeping records covering the period, bank and credit card statements, sales and purchase records, expense receipts, payroll or director's pay details, details of any loans or hire purchase agreements, and information about assets bought or sold. If you are moving from another framework, the prior year accounts and any opening balances are also useful so the figures can be prepared consistently.