─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Brockham

FRS 105 Micro Entity Accounts provide the financial reporting framework for qualifying companies that choose to apply the UK micro-entities regime. Many small limited companies in Brockham may fall within this regime, but eligibility depends on meeting the applicable size conditions and on no other rules or exclusions preventing it — so it is always worth checking rather than assuming. Professional preparation of FRS 105 Micro Entity Accounts helps make sure your figures are presented in line with the framework, that the format and disclosures used suit your company’s circumstances, and that the numbers in the accounts tie back to the underlying records you hold. It also helps you understand how your statutory accounts sit alongside your other filing obligations, so nothing is overlooked at the year end.

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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

FRS 105 Explained: What the Micro-Entities Regime Means for Your Company

FRS 105 is the UK financial reporting standard that applies when a qualifying company prepares its accounts under the micro-entities regime. It is designed for the smallest companies and produces a simpler set of financial statements than the fuller standards used by larger businesses — typically a straightforward balance sheet and profit and loss account with a reduced set of notes, generally prepared on a historical cost basis. The micro-entities regime is an option for companies that qualify rather than something applied automatically, and a qualifying company may instead prepare under the small companies regime using FRS 102 Section 1A. Which route is appropriate depends on the company’s circumstances, who relies on the accounts and what the business needs from them. For many owner-managed companies in Brockham, FRS 105 Micro Entity Accounts offer a clear and proportionate way to report, provided the eligibility conditions are met and the simpler accounting treatments genuinely suit the business.

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it when preparing their statutory accounts. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 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 size conditions does not automatically guarantee eligibility, because other rules and exclusions can prevent certain companies from using the regime. It is also important to separate two ideas: qualifying for the micro-entities regime, and choosing to apply it. A qualifying company in Brockham may decide that a different accounting framework better suits its circumstances, and that decision is worth taking deliberately rather than by default.

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 Brockham

FRS 105 Micro Entity Accounts should be built directly from your company’s financial records and prepared in line with the reporting requirements that apply to it. That means accurate bookkeeping, sensible year-end adjustments and financial statements that reflect the transactions the company has actually entered into. Preparing the accounts and filing them with Companies House are two connected but distinct steps, and both sit separately from the company’s Corporation Tax position: a CT600 is a tax return submitted to HMRC, while FRS 105 financial statements are the statutory accounts prepared under the micro-entities regime. Working with an experienced accountant helps keep those strands aligned, so the figures in your accounts, the information you provide to HMRC and your Companies House filing tell a consistent story about your business.

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Get Help With Your FRS 105 Micro Entity Accounts

If you would like support with your FRS 105 Micro Entity Accounts, get in touch to talk through your company’s circumstances. Tell us about your trading activity, your accounting period, the records you keep and how your year-end figures are currently put together, and we can review whether the micro-entities regime is likely to be appropriate for your company. From there, we can set out the next steps and the information needed to prepare your accounts, with clear, transparent pricing and no obligation to proceed.

─── 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 used when a company prepares its statutory accounts under the micro-entities regime. It is the simplest of the UK accounting frameworks and is designed for the smallest companies. In practice it usually means a shorter balance sheet and profit and loss account with limited notes, generally prepared on a historical cost basis. Because it is a distinct framework rather than a trimmed-down version of a fuller standard, the way some items are treated can differ from what you might see in larger company accounts.

Who can use FRS 105?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it when preparing their accounts. 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. Meeting those size conditions is not on its own a guarantee that the regime is available, because other eligibility rules and exclusions can apply, so eligibility should be confirmed for your specific company and period.

Is FRS 105 compulsory for every micro-entity?

No. Qualifying as a micro-entity does not automatically mean you must use FRS 105, because the micro-entities regime is a choice available to qualifying companies. A qualifying company may instead prepare its accounts under the small companies regime using FRS 102 Section 1A. That said, if a company does prepare its accounts under the micro-entities regime as set out in company law, FRS 105 is the standard that applies to those accounts. The right decision depends on your circumstances, your readers and what you need the accounts to show.

What is the difference between FRS 105 and FRS 102?

FRS 102 is a fuller accounting standard and permits more accounting options, along with a greater level of disclosure. FRS 105 allows fewer options and requires far less disclosure — for example, it does not permit fair value accounting or the revaluation of assets, and deferred tax is not recognised. The trade-off is simplicity against flexibility. FRS 105 accounts can be quicker and simpler to prepare, but if you need accounts for lenders, investors or a group, the fuller framework may present your position differently, so it is worth considering which is more suitable before you commit.

Do FRS 105 Micro Entity Accounts need to be filed with Companies House?

Yes. Statutory accounts must be filed with Companies House, and qualifying companies can use the filing options available under the micro-entities or small companies regimes, which allow a simpler version of the accounts to be delivered to the Registrar. This filing is separate from your Corporation Tax obligations. Filing is increasingly digital and the way accounts are submitted is evolving, so it is sensible to check the current requirements each year rather than relying on how things were done previously.

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

Yes, they are separate documents with different purposes. FRS 105 Micro Entity Accounts are the statutory financial statements prepared under the micro-entities regime and filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC. The two draw on much of the same underlying information and need to be consistent with each other, but the tax return starts from the accounts and then applies tax rules and adjustments, so the profit shown in the accounts is not automatically the taxable profit.

Can a new limited company use FRS 105?

Potentially yes, if the company qualifies for the micro-entities regime for the period concerned and chooses to apply it. A newly incorporated company has no trading history, so eligibility is assessed on the figures for the relevant period and on the applicable rules, including how a first accounting period is treated. Because those rules can be easy to misapply, it is worth reviewing eligibility at the point the first accounts are prepared rather than assuming the regime will apply.

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

Typically we would need bank statements and records covering the full accounting period, sales invoices and expense records, details of assets and liabilities held at the year end, payroll information if you employ staff, details of any loans or transactions with directors, and a copy of the previous year's accounts where one exists. Complete, well-organised records make preparation smoother and help reduce the number of queries raised along the way.