─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Bromsgrove
- Simple Fixed Pricing
- Fast Turnaround
- HMRC Compliant
- FRS 105 specialists
FRS 105 Micro-Entity Accounts
- 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.
─── FRS 105 EXPLAINED
FRS 105 Explained: What It Means for Micro-Entities
Who Can Use FRS 105 in the UK? A Guide for Bromsgrove Companies
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
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 Bromsgrove
Get Help With Your FRS 105 Micro Entity Accounts in Bromsgrove
─── 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.
FRS 105 is the UK financial reporting standard for companies that qualify for and choose to apply the micro-entities regime. It provides a simpler basis for preparing financial statements than FRS 102, with reduced disclosure requirements. It applies to the accounts when the company has chosen the micro-entities regime; it is not the same as a tax return or a Companies House confirmation statement.
FRS 105 is intended for UK companies that qualify for the micro-entities regime and choose to apply it. This can include small limited companies, but eligibility depends on the applicable size conditions and other rules, not simply on the company being small. A company that does not qualify, or that qualifies but chooses a different framework, would not use FRS 105.
No. The micro-entities regime is an available accounting regime, not a mandatory one. Qualifying companies can choose whether to apply it. If they do, FRS 105 applies to the accounts. There is no requirement to use it just because a company is small.
For accounting periods beginning on or after 6 April 2025, the size conditions are turnover of no more than £1 million, balance sheet total of no more than £500,000, and an average of no more than 10 employees. A company generally needs to meet at least 2 of these 3 conditions. The rules include exclusions and other eligibility requirements, so the criteria should be applied carefully to the company's own position.
FRS 105 is the simpler framework for qualifying micro-entities that choose the micro-entities regime. FRS 102 is a broader financial reporting standard used by many other companies, including small companies that do not qualify for or choose not to use the micro-entities regime. FRS 105 generally involves fewer disclosures and a more streamlined approach, but it is not suitable for every company.
Where a company prepares FRS 105 Micro Entity Accounts, those accounts normally form the basis of the accounts filing with Companies House, subject to the applicable filing requirements. The accounts filing is separate from the Corporation Tax Return (CT600), which is submitted to HMRC. A Confirmation Statement is also a separate Companies House filing and is not the same as the annual accounts.
Yes. FRS 105 Micro Entity Accounts are financial statements prepared under the micro-entities regime for accounting and reporting purposes. A CT600 is a Corporation Tax Return submitted to HMRC to report the company's tax position. The figures in the accounts often inform the tax return, but the two are separate filings with different purposes and different recipients.
Typical information includes the company's bookkeeping records, bank statements, sales and purchase records, payroll or employee information, asset and liability details, and any relevant notes about the accounting period. The exact list depends on the company's activities and circumstances. Providing complete records helps the accounts be prepared accurately and efficiently.