─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON
FRS 105 Micro Entity Accounts in Buckhurst Hill
- 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 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
Talk to Us About Your FRS 105 Micro Entity Accounts
─── 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 that applies to companies using the micro-entities regime. It sets out how their statutory accounts should be prepared, allowing a simplified format with reduced disclosure requirements — broadly a balance sheet, limited notes and simplified measurement rules. It is not a tax return or a Companies House form; it is the accounting framework behind the financial statements themselves.
FRS 105 is available to companies that qualify as micro-entities and then choose to apply the micro-entities regime. Qualifying depends on the size criteria and on a range of other rules and exclusions, so meeting the size thresholds on their own does not automatically mean a company can, or should, use the regime. It is worth checking your specific position before deciding.
No. The micro-entities regime is an accounting regime that is available to qualifying companies, not an obligation. Where a company qualifies for it, it still has a choice: apply the regime and prepare FRS 105 financial statements, or use a fuller reporting framework such as FRS 102. The right answer depends on the company, its stakeholders and what it wants its accounts to show.
For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of the 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 the size tests alone are not the whole picture.
Both are UK financial reporting standards, but they sit at different levels of complexity. FRS 105 is the micro-entities standard and permits a much shorter, more streamlined set of financial statements. FRS 102 is a fuller framework used by larger or more complex companies, with wider disclosure and measurement requirements. Moving between the two can affect how figures are presented and how much detail appears in the accounts.
Statutory accounts prepared under FRS 105 still need to be filed with Companies House in the normal way — the framework changes how the accounts are prepared, not whether they are filed. Filing the accounts is a separate requirement from preparing them, and it is also separate from your Corporation Tax Return. We can help you keep track of which obligation is which.
Yes, they are two distinct things. FRS 105 Micro Entity Accounts are the financial statements prepared under the micro-entities accounting framework. A CT600 is a Corporation Tax Return submitted to HMRC, which deals with the company's tax position. The figures in the accounts often feed into the tax computation, but the documents, the recipients and the underlying rules are different.
Typically we need your bookkeeping or accounting records for the period, bank and payment records, details of sales and purchases, information on fixed assets and any depreciation, loan and director's account balances, and confirmation of any significant transactions or judgements. If your records are incomplete, we can flag what is missing and what needs to be pulled together before the accounts can be finalised.